Economy
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Tech selloff sends stock futures tumbling as concerns over AI buildout costs mount
The tech-heavy Nasdaq100 fell more than 2% on Tuesday. In premarket trading, Alphabet, Nvidia and Oracle were considerably lower.
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Despite a new chairman and shorter statements, the Fed has stopped talking interest rate cuts
Fed may be leaning toward increasing rates.
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Zillow faces antitrust suit, consumer fraud claims amid housing crisis
Zillow and its subsidiaries capture 62% of real estate web traffic and average more than 221 million unique monthly users.
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Decade after Washington declared war on veteran homelessness, tens of thousands remain unsheltered
Tunnels to Towers Foundation opens first of several homeless shelters in Houston.
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Moody's downgrades U.S. outlook to 'negative'
The Biden administration rejected the Moody's downgrade, with Treasury officials insisting the U.S. economy is thriving.
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Analysts: Woke investing takes massive hit as investors lose interest, risks becoming more apparent
U.S. funds experienced withdrawals overall in Q3, but "ESG" funds experienced a significantly worse decline than their counterparts, facing four straight quarters of outflows as investors have lost interest due to regulatory scrutiny and concerns about returns.
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US economy adds 150k jobs in October, lowest increase since January 2021
Unemployment also rose from 3.8% in September to 3.9% last month.
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Bidenomics makes even Halloween scary as candy prices soar by double digits
Some consumers plan on ending the night earlier than planned after they run out of candy while others are buying cheaper brands.
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Bidenomics Boomerang: Hunger explodes on Joe’s watch as 10 million more fall into food insecurity
USDA report latest sign of the impact of inflation under the 46th president.
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US economy grew at 4.9%, more than doubling previous quarter
This is the largest GDP increase since the fourth quarter of 2021 hit 7%.
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Ford, United Auto Workers reach tentative deal to end strike: report
The UAW initially sought 36% raises, the transition to a four-day work week, and the return of traditional pensions.
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United Auto Workers expand strike, shut down largest Stellantis plant
All three major automotive companies have proposed 23% wage hikes.
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Chevron buys Hess for $53 billion amid surging oil prices
Crude oil prices have been around $90 a barrel for about two months.