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Stock Market Today: Dow, S&P Live Updates for Oct. 9, 2023

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Stock Market Today: Dow, S&P Live Updates for Oct. 9, 2023

Stocks rose as remarks from Federal Reserve officials bolstered bets officials will refrain from lifting rates this year. Oil climbed after Hamas’ attack on Israel raised fears of a wider conflict. The S&P 500 erased losses as Fed Vice Chair Philip Jefferson said officials are in a position to “proceed carefully” after the recent rise … Read more

The US Economy is Now Breaking in Plain Sight

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The US Economy is Now Breaking in Plain Sight

You wouldn’t know it by the headlines. But the US economy is breaking in plain sight. Only the savings cushion of the richest 20% are keeping it afloat. And if interest rates keep rising nearly every day, even that won’t be enough. The beginning of the quarter has gotten off to a torrid start with … Read more

6 Reasons Why a US Recession Is Likely — and Coming Soon

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6 Reasons Why a US Recession Is Likely — and Coming Soon

When everyone expects a soft landing, brace for impact. That’s the lesson of recent economic history — and it’s an uncomfortable one for the US right now. A summer in which inflation trended lower, jobs remained plentiful and consumers kept spending has bolstered confidence — not least at the Federal Reserve — that the world’s … Read more

Stock Markets Today: Quarter-end, oil stockpiles, French raid, golf talks

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Stock Markets Today: Quarter-end, oil stockpiles, French raid, golf talks

Good morning. Quarter-end in markets, dwindling oil stockpiles and a raid by French regulators. Here’s what people are talking about. Stocks rose in Asia on the last trading day of the quarter amid optimism over spending during China’s Golden Week holiday and on talks of a possible meeting between US and China leaders. The dollar … Read more

JPMorgan’s Kolanovic Warns on Pricing Power, Lifts Energy Stocks

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JPMorgan’s Kolanovic Warns on Pricing Power, Lifts Energy Stocks

Retreating inflation could force companies to relinquish some of the pricing power they’ve wielded recently, a headwind likely to weigh on equities in the final months of 2023, according to JPMorgan Chase & Co.’s Marko Kolanovic. The bank’s chief markets strategist cautioned Monday in a note to clients that retailers, automakers and airlines are among … Read more

Stock Markets Today: Europe EV tariffs, China warning, oil rally, UK rail debate

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Stock Markets Today: Europe EV tariffs, China warning, oil rally, UK rail debate

Good morning. European electric-vehicle tariff discussions, a warning to China and oil’s continued rally. Here’s what people are talking about. Europe’s main auto lobby group urged policymakers to delay post-Brexit tariffs on electric vehicles, saying they could reduce production in the region by 480,000 cars over three years. Ahead of a meeting of trade officials … Read more