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Monthly Archives: September 2022

Ukraine military gains could deepen Russia’s economic woes

Russian President Vladimir Putin attends a meeting of heads of the Shanghai Cooperation Organization (SCO) member states at a summit in Samarkand, Uzbekistan September 16, 2022. Foreign Ministry Of Uzbekistan | via Reuters Ukraine’s counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia’s economic …

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Bank of England faces pivotal policy decision with pound at multi-decade lows

Bank of England Governor Andrew Bailey has reiterated his commitment to reining in inflation, but the Bank faces a difficult balancing act as growth slows and the labor market tightens. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England is faced with a crucial choice as it …

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Asia’s developing economies are set to grow faster than China’s

Chinese laborers working at a construction site at sunset in Chongqing, China. Getty Images Asia’s developing economies may be showing signs of recovery, but the Asian Development Bank (ADB) cut its growth forecasts for them yet again — thanks to China’s prolonged zero-Covid policy. But this will be the first …

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European businesses are rethinking their plans for a ‘closed’ China

Foreign direct investment from Germany to China grew by about 30% in the first eight months of the year from a year ago, China’s Ministry of Commerce said Monday. Vcg | Visual China Group | Getty Images BEIJING — European businesses in China are revaluating their market plans after this …

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Johnson & Johnson CEO touts ‘smart’ data approach at new center

Johnson & Johnson is honing in on finding new solutions to advance health care treatments, CEO Joaquin Duato told CNBC’s Jim Cramer on Tuesday. The “Mad Money” host sat down with the chief executive on Tuesday at the opening of the company’s new research and development center in San Francisco. …

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Fed should hike interest rate rates 150 basis points: Wells Fargo

It’s a move that would likely cause panic on Wall Street. But Wells Fargo Securities’ Michael Schumacher suggests the Federal Reserve is raising rates too slowly, telling CNBC’s “Fast Money” he would seriously consider a 150 basis point hike this week if he was chair Jerome Powell. “The Fed knows …

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Market rallies will be sporadic until inflation comes down

CNBC’s Jim Cramer on Tuesday said market rallies will be short-lived as long as inflation remains persistent. “Sometimes you don’t need to know the price of the Dow, you just need to know the price of Kerrygold butter or a Lennar three-bedroom,” the “Mad Money” host said. “If they come …

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Coinbase is not a buy

Certara Inc: “They’re not bad. They actually don’t lose money. … I think it’s a great spec, and I usually don’t say that.” Melco Resorts & Entertainment Ltd: “It’s a nice spec on the idea that Covid is going to be beaten, but I do not like the gambling group …

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Salesforce will keep working on security after Uber hack

Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Nicholas Kamm | AFP | Getty Images Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an …

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Should you get your Covid booster and flu shot at the same time?

With flu season approaching, plus the possibility of another surge of Covid cases this fall, many Americans are wondering two things: When is the best time to get the flu vaccine – if there is one – and is it okay to double up and receive both the seasonal flu …

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