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Bloomberg
BlackRock, Allianz Join $300 Million Travel Startup Funding
(Bloomberg) — Traveloka has secured $300 million in new financing from investors including BlackRock Inc., as Southeast Asia’s biggest online travel startup counts on a post-Covid rebound to expand in the region.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGe
Bloomberg
UK Bonds Extend Slide After Truss Defends Fiscal Plans
(Bloomberg) — Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesUK bonds extended losses after Prime Minister Liz Truss defended her new government’s giant fiscal package of unfunded tax cuts, which have
Bloomberg
Truss Rules Out U-Turn as Her Unfunded Tax Cuts Roil Markets
(Bloomberg) — Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesUK Prime Minister Liz Truss showed no sign of backing down on her economic policies that yesterday forced a dramatic £65 billion interventio
Barrons.com
Jobless Claims Fell Below 200,000. The Job Market Is Still Strong.
The number of Americans filing for first-time unemployment insurance fell below 200,000 for the first time since May, a bad sign for the Federal Reserve, which wants to see a hot job market cool down. Initial jobless claims came in at 193,000 for the week ended Sept. 24, the lowest since April. The decrease in jobless claims suggests that there’s plenty of strength left in the job market, despite recent announcements of layoffs from companies including DocuSign (ticker: DOCU), which said it would lay off 9% of its workforce, and Twilio (TWLO), which is cutting the number of employees by 11%.
Bloomberg
‘Extreme’ Negativity Sends Buy Signal on Stocks, Bernstein Says
(Bloomberg) — Sentiment has turned so bad for global equities that an indicator developed by Sanford C. Bernstein & Co. has sent a buy signal. Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite Hurricane“Another be
Bloomberg
Commodities Tumble With Surging Dollar Hitting Raw Materials
(Bloomberg) — Commodity prices slumped as a deteriorating economic outlook and surging US dollar weigh on the value of the world’s raw materials.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesAlzheimer’s Progression Slowed by Drug in Major TrialPutin’s Mobilization Hits Russia’s Economy in Its Weak SpotsRussia Declares Victory in Sham Ukraine ‘Referendums’On Wednesday, everything from copper to gol
Barrons.com
5 Stocks Advisors Say to Buy for the Next 10 Years
As grim as the market looks now, smart investments tend to pay off over the long haul. Here’s why the pros we surveyed recommend stocks such as Chevron, Canadian Pacific, and Microsoft.
Bloomberg
S&P 500 Heads for Grim Quarterly Milestone Last Seen in Early 2009
(Bloomberg) — There’s yet another ominous sign for markets — the S&P 500 Index is headed for its third straight quarter of losses for the first time since 2008-09, when global markets were roiled by a financial crisis. Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite Hur
Reuters
Fed’s Mester: U.S. financial instability not a major risk right now
Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she does not see distress in U.S. financial markets that would alter the central bank’s campaign to lower very high levels of inflation through interest rate hikes. While “no one knows for sure” if there is a big problem lurking in the financial sector right now, “so far, we haven’t seen the kind of market dysfunction, even through what’s happening in the global markets right now, we haven’t seen that in the U.S. markets,” Mester said in an interview on CNBC. Mester touched on market conditions amid very unsettled conditions across the globe.
Bloomberg
Fed’s Bullard Says Markets Have Gotten the Message on Rate Hikes
(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said US central bankers expect additional policy tightening in coming months and that has been understood by investors.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGermany Suspects Sabota
Bloomberg
Key Gauge of US Economic Activity Paints Picture of Weakness
(Bloomberg) — A gap in the government’s two primary measures of US economic activity during the first half of 2022 narrowed, pointing to a significant loss of momentum during the period.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneGermany Suspects Sabotage Hi
Reuters Videos
Pakistan preps to resume train service after floods
STORY: Thousands of rail workers have also been struggling for income for more than a month, after a historic and intense monsoon dumped about three times as much rain as Pakistan’s three-decade average. Porter Nadeem Mehboob appealed to authorities to resume train services as soon as possible.“The railway system was suspended due to the floods, which has left the railway stations deserted. Because of that we have all lost our livelihoods. We appeal to the authorities to resume the service as soon as possible, so that we can start earning again.”In remarks reported by local broadcasters, the federal minister for railways Khawaja Saad Rafique told a cabinet meeting on Wednesday that he had given orders for normal operations to be restored as soon as possible, but they had to wait for the water to drain first.
Zacks
CarMax (KMX) Lags Q2 Earnings and Revenue Estimates
CarMax (KMX) delivered earnings and revenue surprises of -43.57% and 6.90%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?
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