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Monthly Archives: November 2022

Bitcoin (BTC) price tops $17,000 for the first time in two weeks

More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. CFOTO | Future Publishing | Getty Images Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the …

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China’s zero-Covid has shaken confidence in supply chains

While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China’s Tsinghua University. In the short term, supply chains will be largely unaffected since factories are still operating …

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Transitory inflation talk is back. But economists say higher prices here to stay

Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but economists warn against the return of the “transitory” inflation narrative. …

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Peter Thiel’s VC fund backs climate-conscious fintech TreeCard

TreeCard offers users a spending and money management platform tied to a debit card made from wood. TreeCard TreeCard, a climate-conscious digital money app, raised $23 million from investors in a new financing round. Founded by British entrepreneur Jamie Cox in October 2020, TreeCard is a novel concept in the …

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Double-digit percentage drop will hit stocks in 2023: Morgan Stanley

Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has a S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unleash downward earnings revisions that will pummel stocks. “It’s the path. I mean nobody cares about what’s …

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Charts suggest the S&P 500 is at a ‘make-or-break’ moment, Jim Cramer says

CNBC’s Jim Cramer on Tuesday said that the S&P 500 is at a critical moment that could send it higher or cut its upward trajectory short. “The charts, as interpreted by Carolyn Boroden, suggest that the S&P 500 could be due for some near-term turbulence if it can’t break out …

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Cramer says he likes stocks in these 4 industries over tech right now

CNBC’s Jim Cramer on Tuesday offered investors a list of industries they should eye over tech when managing their portfolios. Here is his list: Industrials Foods Pharmaceuticals Oils  “Why rubberneck when you can invest in stocks of companies that have a lot going for them? I think that’s much better …

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Twitter stops policing Covid misinformation under CEO Elon Musk

Elon Musk’s Twitter account displayed on a mobile with Elon Musk in the background are seen in this illustration. In Brussels – Belgium on 19 November 2022.  Jonathan Raa | Nurphoto | Getty Images In a recent update to its website, Twitter said that effective Nov. 23, it is no …

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Elon Musk may be luring Apple into a fight with Republicans

Tim Cook walks in the Paddock prior to the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas. Jared C. Tilton | Getty Images Over the past week, Twitter owner Elon Musk has been poking Apple, the big bear of Silicon Valley, …

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Kroger and Albertsons executives defend proposed merger at hearing

Albertsons and Kroger supermarkets Bridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty Images The battle over whether grocery giants Kroger and Albertsons should be allowed to combine is heating up. On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington, …

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