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Ex-Fed insider: A full-blown recession is 'almost certainly' coming

Ex-Fed insider: A full-blown recession is ‘almost certainly’ coming

The problem is that the Fed started its quest to rein in inflation late, leaving the central bank with no choice but to slam on the brakes on the economy by slashing interest rates. “It is almost certain that there will be a full-blown recession. If we’re not at one yet, I think we will …

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Toyota Sales Are Going From Bad to Worse

Toyota Sales Are Going From Bad to Worse

Photo: Toshifumi Kitamura/AFP (fake images) Toyota is seeing how its sales go from bad to worse As supply chain woes take hold, electric vehicle startup Lordstown Motors saw its first profit, and Boeing workers at three US plants agreed to a new contract. All that and more in the morning shift for August 4, 2022. …

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More Americans Are Going Hungry, and It Costs More to Feed Them

More Americans Are Going Hungry, and It Costs More to Feed Them

The first time Kelly Wilcox drove her 2017 Dodge Grand Caravan to the pantry near her home in Payson, Utah, she noticed one thing that immediately surprised her: Newer models of Toyota and Honda sedans and minivans. “I saw a bunch of other people with cars like mine, who had kids in the cars,” she …

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Forget those Tesla crashes: GM says you can trust its autonomous vehicles

Forget those Tesla crashes: GM says you can trust its autonomous vehicles

General Motors is racing to electrify its vast lineup of vehicles in a concerted bid to overtake Tesla as the number one seller of electric vehicles in the world. But it also competes with Tesla on another front: autonomous vehicles. On this front, GM feels it has an advantage. Its advanced hands-free driver assistance system, …

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Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba has faced growth challenges amid a regulatory tightening in China’s domestic tech sector and a slowdown in the world’s second-largest economy. But analysts believe the e-commerce giant’s growth could rebound through the rest of 2022. Guang Da | Jiemian News | VCG | fake images Alibaba on Thursday reported fiscal first-quarter earnings that beat …

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Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

Job cuts and smaller bonuses loom for Wall Street amid collapse in IPOs and stock issuance

People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | fake images Investment bankers hit by a collapse in equity and debt issuance this year are in line for bonds that are up to 50% lower than in 2021, and they’re the …

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Apple Has Been Dethroned as the Most Held Robinhood Stock: Here’s What Replaced It | The Motley Fool

Last year, retail investors made their presence known on Wall Street like never before. Online trading platforms like Robin Hood (HOOD 5.04%), which has been especially popular with the retail crowd, rolled out the red carpet for ordinary investors to put their money to work on Wall Street. When that happened, retail trading rocked ship …

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People Trying to Dodge Legal Usury: Credit Card Balances, Delinquencies, Third-Party Collections, and Bankruptcies in Q2

People Trying to Dodge Legal Usury: Credit Card Balances, Delinquencies, Third-Party Collections, and Bankruptcies in Q2

Buy now, pay later (BNPL) lenders face a harsher reality. By Wolf Richter for WOLF STREET. Credit card balances rose $46 billion to $887 billion in the second quarter, which was still 4.3% lower than the peak in the fourth quarter of 2019 and only slightly above what it had been in 2008, despite 14 …

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A pair of hacks rattle an already jittery crypto industry

A pair of hacks rattle an already jittery crypto industry

comment this story Comment A pair of crypto hacks totaling nearly $200 million in losses and likely affecting more than 10,000 users has raised concerns in an industry already unsettled by falling prices. On Wednesday, Solana, a popular blockchain and token chain, said some wallets containing its assets had been breached. At least 7,700 of …

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