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Friday’s Consumer Price Index (CPI) data showing inflation hit a 40-year high in May has aggravated fears of a recession — and one market strategist suggests that panicking investors could just worsen the economic outlook.“The biggest…

The US market saw worse than expected data from S&P Global PMI (especially services), Richmond Fed manufacturing index (joining the Empire and Philly regional indices) and new home sales. The April new home sales were particularly…

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Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use…

The Federal Reserve is about to begin unwinding its balance sheet for the second time after the financial…

Stake valued at about $3 billionTwitter shares surge 27% to close at $49.97Strong response to Musk poll on edit buttonApril 4 (Reuters) - Tesla Inc (TSLA.O) boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc (TWTR.N), worth…

A number of catalysts poised to converge in 2022 will give a lift to global sustainable and ESG assets next year, according to a recent note from Jefferies.“We are seeing 2022 as the year when ESG not only becomes mainstream, but it…

A general view of GMC Hummer EVs is pictured on November 17, 2021 at General Motors’ Factory ZERO electric vehicle assembly plant in Detroit, Michigan.Photo: Nic Antaya (Getty Images)More than a year after its unveiling, General Motors…

ECONOMYNEXT – Sri Lanka’ central bank has started outright sales of its permanent Treasury bill stock, a move which can potentially curtail private credit and imports and re-build forex reserves, if there was a…

Text size A Peloton stationary bike for sale at the company's showroom in…