Bloomberg News reports that even before it was found that the US stocks are tumbling into a bearish market this week, the wealthiest 1% in the country was staring down at astronomical losses.
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Bloomberg News reports that the recent crises of the crypto market are causing some major soul-searching among venture capitalists who have put billions of dollars into the digital asset industry in the last two years. The venture capitalists form...
Large-sized passenger planes were written off when Covid -19 upended the aviation sector. The world's largest airplane, A380, is now seeing a massive rebound in air travel and is enjoying a likely revival.
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Bloomberg News reports that oil steadied in Asia after dropping on Friday by approximately 7%, as the traders weighed the prospects for the higher near-term demand in comparison to the concerns that US monetary tightening, which is aggressive, will...
Mortgage rates surge to their highest in the US in over three decades, intensifying pressure on potential home buyers and calming the housing market.
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The average rate for a 30-year...
Bloomberg News reports that it appears that the Federal Reserve is on the way to losing out the money in the next year as it is raising the short-term rates of interest to try to tame inflation, according to...
Tesla Inc.'s takeover of Twitter is turning out to be the least of its investor's problems, even as there is an effect on its shares. The slump in Tesla's stock over the past few months has been attributed to...
Looming recession is seen increasingly by analysts in the US after Federal Reserve hiked interest rates Wednesday. The most significant increase in the rates since 1994 is seen by analysts on Wall Street as signs of weaker consumer spending.
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President and CEO of Toyota Motor Corp., Akio Toyoda, told shareholders during the annual meeting that the company is working on grooming candidates for the top position.
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What is this all...
Global bonds look set to enter a bear market after the inflation in the US. The fastest in four decades has fueled the fear of the most significant interest rate hike since 1994 by the Federal Reserve this week.
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