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Monthly Archives: October 2022

What CPC party congress this week means for growth

Chinese President Xi Jinping gave a speech Sunday that outlined the Communist Party of China’s priorities for the next five years. China News Service | China News Service | Getty Images BEIJING — The twice-a-decade Chinese leadership meeting this week has significant implications for which parts of the economy will …

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How my acre of Arizona land skyrocketed in value

When Louis Herron spent $2,333 on an acre of land in 2013, he knew was getting a good deal. But he never predicted the property in Flagstaff, Arizona, a 30-minute drive from the Grand Canyon, would become over six times more valuable in less than a decade. Now the acre, …

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Iran denies allegations that it supplied Russia with drones

A drone flies over Kyiv during an attack on Oct. 17, 2022, amid the Russian invasion of Ukraine. Sergei Supinsky | Afp | Getty Images UNITED NATIONS – Iran’s U.N. representative sharply denied Western allegations that Tehran supplied Moscow with a fleet of drones for use in Ukraine. “The Islamic …

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Elon Musk says Tesla is ‘pedal to the metal’ even in recession

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. Adrees Latif | Reuters Elon Musk sees elements of a recession in China and Europe and says that the U.S. …

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I like Procter & Gamble over Kimberly-Clark

Transocean Ltd: “It is a high-risk stock. I prefer to have something that is certainly a little bit more … known and already doing incredibly well, which is Halliburton.” Tapestry Inc: “I think it’s an inexpensive stock. I think Coach is good. I’d like for them to come on the …

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Stay the course? Bear market reminders for long-term investors

Despite the latest rallies in recent days, the broader market has taken a beating this year. The S&P 500 is down 22% since the start of 2022, but there are signs that the bulls will overtake the bears in the new year. “Back-to-back down 20% years is very rare,” John …

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Biden administration awards $2.8 billion in grants for electric vehicle battery manufacturing

Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 companies to produce …

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IBM earnings Q3 2022

IBM CEO Arvind Krishna speaks at an IBM facility in Poughkeepsie, New York, on Oct. 6, 2022. IBM announced $20 billion in investments during President Biden’s visit that will go toward research and development and the manufacturing of semiconductors, mainframe technology, artificial intelligence and quantum computing in the Hudson Valley. …

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Billionaire MacKenzie Scott’s new donation could transform Girl Scouts

MacKenzie Scott is chipping away at her promise to give away half of her multi-billion dollar fortune. On Tuesday, the Girl Scouts of the USA announced a $84.5 million gift from the billionaire, the biggest donation from a single benefactor in the organization’s history. The money will go toward updating …

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American workers are worse off financially than a year ago

Rising costs have chipped away at most Americans’ standard of living. As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going …

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