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4 steps I take to prepare today in case a recession hits tomorrow

4 steps I take to prepare today in case a recession hits tomorrow

Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. With the bumpy ride of the economy, my husband and I are …

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US labor market remains tight as unemployment hits 10-month high

US labor market remains tight as unemployment hits 10-month high

The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the US Federal Reserve battles to rein in demand . Although the US Department of Labor’s weekly jobless claims report on Thursday showed jobless listings, or …

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Tesla hits record monthly sales, reports China production cuts

Tesla hits record monthly sales, reports China production cuts

You’re here (TSLA) sold a record number of Chinese-made vehicles in November, according to data released Monday by the electric vehicle giant. However, multiple reports on Monday said Tesla also plans to cut electric vehicle production in China as demand appears to be weakening. Tesla stock fell on Monday. X The electric vehicle giant on …

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Stocks falter as big rally hits wall ahead of jobs: Markets end

Stocks falter as big rally hits wall ahead of jobs: Markets end

(Bloomberg) – Stocks have seen a lot of volatility near a key technical level as traders wait for the all-important jobs report for clues on the Federal Reserve’s next policy moves. The dollar fell along with bond yields. Bloomberg’s Most Read A big fight is unfolding around the 200-day moving average of the S&P 500 …

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Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

Total Crypto Market Cap Hits $850 Million As Bitcoin, Altcoins Recover From FTX Collapse

The total cryptocurrency market capitalization has gained 2% in the past seven days, reaching $850 billion. Even with the positive move and ascending channel initiated on November 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%. Total crypto market capitalization in USD, 4 hours. Source: Trading View Bitcoin (BTC) price also only …

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US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms

Benchmark oil futures in the United States touched their lowest price of 2022 on Monday, briefly erasing what had been a sizable gain since the start of the year as China’s zero COVID policy was is wreaking havoc on energy demand expectations. The price move came less than a week ahead of a Dec. 4 …

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Twitter's $5 billion a year business hits as Elon Musk clashes with advertisers

Twitter’s $5 billion a year business hits as Elon Musk clashes with advertisers

Elon Musk’s tumultuous reign on Twitter has led to a damaging rift with top brands and marketers, as the social media company’s $5 billion-a-year advertising business has been hit by tensions over moderation of the content and resources. Several leading ad agencies and media buyers have told the Financial Times that nearly all of the …

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Inflation does damage to Japan, hits the yen.  BOJ's Kuroda clings by his last fingernail to 'Transitory'

Inflation does damage to Japan, hits the yen. BOJ’s Kuroda clings by his last fingernail to ‘Transitory’

But it will be released in April. By Wolf Richter for WOLF STREET. Bank of Japan Governor Haruhiko Kuroda, the architect of Japan’s mad money-printing spree under the economic religion of Abenomics that began in 2012, will leave the BOJ at the end of his term in April 2023. He won’t turn his interest rate …

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Cameron Mitchell owns 43 restaurants across the United States and said he had to double regular price increases from 3.5% to 7% due to inflation

Inflation hits diners as CEO of 43 restaurants in US says he’s been forced to raise prices

A restaurateur behind 43 restaurants across the United States says he was forced to double price increases on the menu due to inflation. Cameron Mitchell said while prices would normally be increased by 3.5% in any given year, he now had to increase them by up to 7%. Cameron Mitchell Restaurants CEO, 75, says he …

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