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Biden admin asked Saudi Arabia to postpone OPEC cut by a month, Saudis say

US President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. Anadolu Agency | Anadolu Agency | Getty Images The Biden administration asked Saudi Arabia, the de-facto leader of oil producer group OPEC, to delay …

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Consumer price index September 2022:

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau …

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El Salvador’s bitcoin holdings down 60% to $60 million, one year later

Salvadoran President, Nayib Bukele speaks during an event in May 2021. El Salvador become the first country to adopt bitcoin as legal tender in June. Camilo Freedman | SOPA Images | LightRocket | Getty Images It has been more than a year since El Salvador made history by becoming the …

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Asian economies may have to brace for rising debt, capital flight: IMF

Anything that creates financial market turbulence will find a way and a channel of transmission. Anne-Marie Gulde International Monetary Fund “We have seen capital flows increase, going to levels that we have last seen [sic] at the time of the taper tantrum and certainly anything that further raises interest rates …

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Jim Cramer says these 14 stocks are ‘about to pop’

CNBC’s Jim Cramer on Wednesday offered investors a list of stocks that he believes could bounce soon. “The S&P [500]’s down almost 25% for the year, and we’ve gone eleven months since the bear market began. The average bear market only lasts for about 13 months. So maybe we have …

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Biden threatens consequences for Saudi Arabia after OPEC cut

US President Joe Biden and Saudi Crown Prince Mohammed bin Salman arrive for the family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia’s Red Sea coastal city of Jeddah on July 16, 2022. Mandel Ngan | Afp | Getty Images President Joe Biden …

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British pound whipsaws after mixed messages from the Bank of England

In this photo illustration, the British pound is seen displayed. Karol Serewis | Lightrocket | Getty Images The British pound on Wednesday morning recovered losses slightly following a Financial Times report that said the Bank of England is privately signaling a willingness to extend its emergency bond-buying program. The report, …

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Malaysia should focus on inflation and its economy — not elections: Mahathir, Anwar

Mahathir Mohammad, the former Prime Minister of Malaysia, during a press conference in Putrajaya, Malaysia on August 4, 2022. Syaiful Redzuan | Anadolu Agency | Getty Images Malaysia budget 2023 The dissolution comes after the government handed down its 2023 budget on Friday. While leaner than last year, it is …

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Biden says he doesn’t think Putin will use nuclear weapons in Ukraine war

An image showing Russian President Vladimir Putin at a meeting to discuss the Ukrainian peace process at the German federal Chancellery on October 19, 2016 in Berlin, Germany. Adam Berry | Getty Images News | Getty Images U.S. President Joe Biden said he doesn’t think Russian President Vladimir Putin will …

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Biden says he doesn’t think there will be an economic recession

US President Joe Biden arrives to speak at the Volvo Group powertrain manufacturing facility in Hagerstown, Maryland, on Friday, Oct. 7, 2022. Craig Hudson | Bloomberg | Getty Images President Joe Biden said he doesn’t believe there will be a recession in the near future and if there is, he …

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