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US Futures, Commodities Retreat on Fears of Recession

Bloomberg News reports that a stock bounce on Wednesday reversed in Asia, commodities dropped, and the dollar escalated amidst warnings that the monetary tightening...

Spurred By US Sanctions, China Supercharges Its Chipmaking Industry

The chip industry in China is growing much faster than the rest of the world after US sanctions on local champions, including Huawei Technologies...

Former Treasury Secretary Tells the US Needs a Sustained 5% Jobless Rate to Control Inflation.

Lawrence Summers, the former US treasury secretary, says that the jobless rate in the US needs to rise above 5% for five years so...

Top 1% of America Lose $1.5 Trillion on Stocks before Bear Market

Bloomberg News reports that even before it was found that the US stocks are tumbling into a bearish market this week, the wealthiest 1%...

As VC Girds for Slump, Crypto Unicorns are on Notice

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...

Super Jumbos Make a Comeback to the Skies as Air Travel Roars Back

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...

Oil Found to Steady as Traders Weigh Demand Outlook and Fed’s Path

Bloomberg News reports that oil steadied in Asia after dropping on Friday by approximately 7%, as the traders weighed the prospects for the higher...

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