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Monthly Archives: September 2022

There is an 80% chance of the U.S. going into a recession: Steve Hanke

There’s an 80% chance of the U.S. falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. According to CNBC’s September Fed survey of economists, fund managers and strategists, those surveyed said there’s a 52% chance that …

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Putin’s nuclear threats raise the risk of disaster

Speaking in a rare, televised address on Wednesday, Putin warned that if the territorial integrity of Russia is threatened, the Kremlin would “certainly use all the means at our disposal to protect Russia and our people. It is not a bluff.” Gavriil Grigorov | Afp | Getty Images Russian President …

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Analysts discuss U.S. interest rates, dollar, Asian Financial Crisis

The world economy may be facing conditions seen during the 1997 Asian Financial Crisis — aggressive U.S. interest rate hikes and a strengthening U.S. dollar. But history is unlikely to be repeated, analysts said, though they caution that some economies in the region are particularly vulnerable to currency devaluations reminiscent …

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HSBC warns investors to avoid European stocks in the search for value

Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty …

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Liz Truss pursues ‘trickle-down economics’ despite scorn from Biden

British Prime Minister Liz Truss and U.S. President Joe Biden formally met for the first time at the United Nations General Assembly in New York City, following clashes in economic policy between the two leaders. Wpa Pool | Getty Images LONDON — The British government is set to announce sweeping …

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3 recent tech trends show the Fed’s inflation push is working

CNBC’s Jim Cramer on Thursday said that based on his conversations with CEOs, tech companies are feeling the Federal Reserve’s push against inflation. “While some of these tech companies have business lines that may be somewhat immunized against higher borrowing costs, they are few and far between out here,” the …

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I like Boston Scientific over Medtronic

Dow Inc: “Don’t buy it back. … It’s just not right.” SoFi Technologies Inc: “This stock is too cheap. … The CEO is going to make you money if you buy that stock at $5.36.” Energy Transfer LP: “[Investor] Lee Cooperman said the other day that he thinks Energy Transfer …

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Tesla supplier CATL evaluating battery swapping business overseas

CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images The world’s largest electric vehicle battery maker CATL is evaluating whether to expand its battery swapping business to international markets, a senior …

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Alibaba pledges $1 billion to cloud computing customers to reignite growth

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba said it will …

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Charts suggest inflation could soon come down ‘substantially,’ Jim Cramer says

CNBC’s Jim Cramer on Thursday said that inflation could soon decline, leaning on charts analysis from legendary technician Larry Williams. “The charts, as interpreted by Larry Williams, suggest that inflation could soon cool down substantially – soon – if history’s any guide,” he said.  The “Mad Money” host’s comments come …

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