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Monthly Archives: October 2023

Germany shifts to the right with anti-immigration AfD ahead in polls

The AFD party leadership (front row) holds a banner reading OUR LAND FIRST! during a protest against the rising cost of living in a demonstration organized by the right-wing Alternative for Germany (AfD) political party on October 8, 2022 in Berlin, Germany. Omer Messinger | Getty Images News | Getty …

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Evergrande soars after trading resumes in Hong Kong

An aerial view of construction sites and new residential developments in the Nanchuan area of Xining, Qinghai province, China. Bloomberg | Bloomberg | Getty Images Stock Chart IconStock chart icon Evergrande shares jump after trading resumes Just last week, the Chinese property firm announced that its director and executive chairman …

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Ex-UK PM Liz Truss renews calls for Reagan-style tax cuts

Britain’s former Prime Minister, Liz Truss speaks at the ‘Great British Growth Rally’ event on day two of the annual Conservative Party conference on October 2., 2023 in Manchester, England. Carl Court | Getty Images News | Getty Images MANCHESTER, ENGLAND — Liz Truss, the Reaganomics enthusiast who lasted just …

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Sterling had its worst month for a year — and it may fall further

U.S. dollar bills, British GDP and Euro currency bank notes are pictured on September 27, 2022 in Bath, England. Matt Cardy | Getty Images News | Getty Images LONDON — The British pound suffered its worst month against the U.S. dollar for a year in September, and strategists show little …

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Hong Kong stocks fall, dragged down by real estate and energy

An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index’s loss of over 500 points is a significant …

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Here’s what to know before turning to social media for tax advice

TikTok logo displayed on a cellphone. Hyoung Chang | Denver Post | Getty Images TikTok videos often have a ‘kernel of truth’ One big issue has been the flood of influencers pushing small businesses to amend payroll tax returns to claim the employee retention credit, or ERC, a pandemic-era tax …

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Jim Cramer lauds his ‘Magnificent Seven’ tech mega caps as bonds rise

CNBC’s Jim Cramer on Monday told investors that while most stocks can’t withstand the “gravitational pull” of the bond market, several prominent mega-cap tech stocks with cash in reserve are able to hold their own. Cramer has referred to this block of Nasdaq Composite stocks as his Magnificent Seven, and …

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Benchmark for small-cap stocks, the Russell 2000, turned negative

Traders work on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that’s being masked …

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Sam Bankman-Fried considered paying Trump $5 billion not to run: Lewis

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters Sam Bankman-Fried, the alleged crypto criminal who …

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Microsoft CEO testifies about competing with Google in antitrust trial

Microsoft CEO Satya Nadella arrives at federal court on October 2, 2023 in Washington, DC. Nadella is testifying in the antitrust trial to determine if Alphabet Inc.’s Google maintains a monopoly in the online search business, which is expected to last into November.  Drew Angerer | Getty Images When it …

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