The NASDAQ composite index fell on Thursday, dragged down by loss in shares of technology companies. The index lost 1.24 percent to 10,791.35. Losses in shares of Apple, Amazon and Microsoft weighed on the index. Apple’s stock fell 2.3 percent, while Amazon and Microsoft shares lost 1.7 percent and 1.4 percent, respectively. The declines came […]
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Russia is expecting a longer war against Ukraine due to US weapon deliveries to the country, Kremlin spokesman Dmitry Peskov said. The US-announced delivery of anti-aircraft systems will make the conflict longer and more painful for the Ukrainian side, Peskov told Interfax news agency. “The confrontation will continue,” Peskov said, referring to a meeting of […]
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The EuroStoxx 50 continued to come under pressure on Monday, with expectations of continued strong interest rate hikes in the fight against high inflation prompting investors to pull back further. In addition, the escalation of the war between Russia and Ukraine at the beginning of the week weighed on prices. The Eurozone’s leading index recorded […]
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Today was a down day on the markets, with the Nasdaq Composite index falling by 1.56%. This was largely due to a sell-off in tech stocks, which made up a large portion of the index. Among the worst performers were Apple, Amazon, and Google, all of which saw significant declines. This caused the overall market […]
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The stock market took a sharp dive today, with the Dow Jones Industrial Average falling over 1,000 points. The Nasdaq Composite and the S&P 500 both fell around 4 percent. This sell-off was driven by fears of a second wave of coronavirus infections as well as reports that the U.S. government is considering new tariffs […]
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The economy is always a major factor in any election, and this year is no different. President Biden and the Democrats are facing challenges from the Federal Reserve and OPEC as they try to keep control of the House and Senate in the midterm elections. The economy has been a major issue in the campaign, […]
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Austrian Airlines has announced that it is increasing the size of its Premium Economy Class in order to meet the growing demand for more comfortable travel options. The Premium Economy Class was introduced just four years ago, but it has quickly become a product highlight for the airline. The new expansion will see the Premium […]
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The IMF chief has issued a gloomy assessment of the global economy, signalling that the fund will issue fresh downgrades of its economic projections next week. Kristalina Georgieva warned that growth in all of the world’s largest economies was slowing down, leaving “severe strains” in some places. The near collapse of some UK pension funds […]
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The global economy is headed for a recession for a variety of reasons. The most significant indicators are a strong US dollar, faltering US economy, tightening of corporate America’s purse strings, bearishness on Wall Street, and inflation due to the Russia-Ukraine war. A strong US dollar makes it more expensive for other countries to import […]
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The US economy is currently facing several challenges, including an overheating economy and high inflation, and the possibility of a Federal Reserve-induced recession. In response to these challenges, the Fed may need to push unemployment higher than its 4.1% projection to return inflation to the 2% target. This could have a negative impact on the […]
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