The chief investment officer of the world’s largest hedge fund says we’re headed for a recession that’s ‘double the normal length’ – and it has a lot to do with China

The world’s largest hedge fund is sounding the alarm over the potential for a prolonged, multi-year recession. Bridgewater Associates co-chief investment officer Greg Jensen warned this week that during periods of high inflation like the one the US economy is experiencing today, recessions tend to last longer unless banks power plants do not quickly reduce …

The chief investment officer of the world’s largest hedge fund says we’re headed for a recession that’s ‘double the normal length’ – and it has a lot to do with China Read More »

Don’t want a target debit or credit card? You can still save money this way

Image source: Getty Images You can save a lot of time at Target without a brand name debit or credit card. Key points The Target RedCard offers benefits to debit and credit card holders. If you don’t want the RedCard, you can still save money on your Target purchases through a different loyalty program. If …

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Silicon Valley economy trampled Austin, Seattle by billions in first two years of COVID

Silicon Valley, as an economic juggernaut, has reigned supreme throughout the pandemic compared to rivals in the Sunbelt and the Pacific Northwest, according to recently released figures. According to gross domestic product data released this month, Santa Clara County experienced the strongest growth in the nation between 2019 and 2021 among areas with more than …

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Treasury financial stability watchdog says fraud is rampant in crypto markets

The cryptocurrency market is plagued by fraud, non-compliance with governing laws and wild swings in volatility, but the recent implosion of digital currency exchange FTX has not hindered the broader financial system, according to a report released Friday by the Treasury’s financial stability watchdog. Committee. “FTX is a shock to this market,” a Treasury official …

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Stock market close to weekly lows at options expiration; JPMorgan Befriends Meta-Platforms; Tesla in the sales spiral

Stock indices traded near weekly lunchtime lows in Friday’s quadruple session, stuck in a four-day selling spiral. You’re here (TSLA) CEO Elon Musk has added to the destruction of the electric vehicle maker’s brand, banning high-profile media criticism after a bout of doxxing. X The S&P 500 ETF (SPY) saw above-average selling volume Tuesday through …

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Advice | Ask Damon: I can’t afford to hang out with my rich friends

Comment this story Comment Hi Damon! I think you might identify with this: I’m a journalist and I make a good salary slightly above average for the industry‚Ķbut I also have a lot of debt and the high cost of living in New York makes me maintains in the paycheck-to-paycheck life cycle. I don’t fight …

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She’ll analyze your budget, then share it with her 167,000 followers.

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. It’s official: budget transparency is cool now. As millions of Americans grapple …

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Iconic Wall Street restaurant owner says opening a business in today’s market would have been ‘impossible’

Restaurateur Harry Poulakakos reflects on his time in the restaurant business and the impact of recent economic problems in the United States on the industry in ‘Mornings with Maria’. The owner of Wall Street staple restaurant Harry’s on Friday reflected on his 50 years as a successful business, saying starting his restaurant in today’s tough …

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3 reasons why Instacart is cheaper than going to the grocery store

Image source: Getty Images This often comes down to children. Key points Instacart saves shoppers time and effort, in addition to money. Mix and match Instacart with traditional in-store shopping for the best experience. I live with a mother of two teenagers. We all have dietary preferences and dietary restrictions (including gluten and dairy allergies). …

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Central banks around the world have now sent a clear message to markets: tighter policy is here to stay

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank, Bank of England and Swiss National Bank all raised interest rates by 50 basis points this week, in line with …

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