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Futures: expected key inflation report;  6 stocks to buy and watch

Stock market falls on China turmoil, real estate bust, reports of Apple production cuts

The stock market fell on Monday after protests sent Chinese stocks tumbling and investors pondered the next round of interest rate hikes. Oil and real estate stocks were the main victims of the declines. Apple (AAPL) lost ground after a report that iPhone production could be below estimates. X The Nasdaq composite fell 1.2% and …

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Morgan Stanley cuts its outlook on the US housing market, where it expects a house price correction in 2023

Morgan Stanley cuts its outlook on the US housing market, where it expects a house price correction in 2023

Nationally, home prices fell 1.3% between June and August. It marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It’s more than a small dive, it’s a change of trajectory. At least, that’s according to the latest forecasts produced by Morgan Stanley’s economics team. This year, Morgan Stanley expects …

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Youngkin warns of recession but vows to pursue tax cuts - with caution

Youngkin warns of recession but vows to pursue tax cuts – with caution

Comment this story Comment RICHMOND — Governor Glenn Youngkin (R) said he plans to seek tax cuts in his budget proposal for next year, while acknowledging that a possible economic downturn could weaken state finances . But Youngkin added that he will approach the issue of tax cuts with caution – a change in tone …

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More than 6,000 tech and biotech job cuts upend Bay Area economy

More than 6,000 tech and biotech job cuts upend Bay Area economy

As recessionary pressures continue to mount in the region and across the country, tech and biotech companies have now revealed plans for enough job cuts to cut more than 6,000 Bay Area jobs, reductions that could weigh on the region’s economy in the weeks and months. come. Job cuts affecting thousands of workers in the …

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Tax the rich: Biden to end Trump's tax cuts for the rich

Tax the rich: Biden to end Trump’s tax cuts for the rich

biden capital gains tax change House Democrats have proposed legislation that could end Trump’s tax cuts for the wealthy and corporations. If passed, it could implement some of the biggest tax increases in decades. But while these tax changes aim to deliver on President Joe Biden’s promises to tackle inequality, they are on a smaller …

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Hong Kong shares drop more than 2% as Tencent cuts Meituan stake;  Japan has a trade deficit of $15 billion

Hong Kong shares drop more than 2% as Tencent cuts Meituan stake; Japan has a trade deficit of $15 billion

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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Daily Crunch: Nigerian startup that stored 'day-to-day operating budget' on FTX announces staff cuts

Daily Crunch: Nigerian startup that stored ‘day-to-day operating budget’ on FTX announces staff cuts

For a preview of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 PM PDT, subscribe here. Hello and welcome to the start of another week. As mentioned last Friday, It came is out of scuba diving, leaving the rest of us to pick up the Twitter and …

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Canceled sailings from China and 'drastic' ship cuts affect US ability to reach export market

Canceled sailings from China and ‘drastic’ ship cuts affect US ability to reach export market

Shipping containers at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California on April 7, 2021. Lucy Nicholson | Reuters An increase in canceled or canceled departures from Asia to the United States is hitting some of the largest domestic ports, including the Port of Long Beach …

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More Late Valuation Cuts Loom as Startups Miss Revenue Targets |  PitchBook

More Late Valuation Cuts Loom as Startups Miss Revenue Targets | PitchBook

When Instacart lowered its internal valuation from $39 billion to $24 billion in March, many in the VC ecosystem wondered if other startups would follow in the grocery delivery specialist’s footsteps. Several months later, Stripe, one of the largest and most watched venture capital-backed companies, made a similar move. The fintech specialist reduced the value …

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