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Economic uncertainty and ongoing war cast a cloud over Davos Beyond the mandatory coronavirus tests, the mood is decidedly somber, weighed heavily by concerns of the covid-19 pandemic, continuing war, widening economic inequality and fears of a global economic slowdown.
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There's a 50% to 60% chance of a mild recession next year, former Fed vice chair says Many Americans are worried that the U.S. economy is on feeble footing. As the Federal Reserve raises interest rates to combat the highest inflation in 40 years, tipping the U.S. into a recession is becoming an increasing concern.
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6 Things You Need To Know About Crypto 2. You have to pay tax on crypto. Cryptocurrency earnings and profits are subject to either Capital Gains Tax (CGT) or Income Tax, depending on the circumstances. If you 'earn' ...
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New home sales fell by nearly 17% in April as buying became even less affordable "High construction costs and surging mortgage rates are keeping many buyers away this spring," said George Ratiu, senior economist and manager of economic research at Realtor.com.
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Airbnb is closing its domestic business in China The home-sharing company made the decision over a decline in business in the world's second largest economy, and "costly and complex" operation constraints worsened by the impact of Covid-19, the person told CNN on Monday.
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Snap sends shares tumbling with warning on economy and earnings Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off. Since late April, "the macroeconomic environment has deteriorated further and ...
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Big Brothers Big Sisters receives a $122.6 million donation to mentor kids Artis Stevens says he had no idea it was coming. The president and CEO of Big Brothers Big Sisters of America says he "was in awe" when MacKenzie Scott's representatives called with the news the mentoring organization would receive $122.6 million.
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Social media stocks plunge on Snapchat warning Shares of Snap (SNAP) plunged more than 40% Tuesday and hit their lowest level since March 2020, just after the Covid-19 pandemic hit the United States.
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"Fresh Seasons Power Packs" with Jif peanut butter recalled over salmonella concerns Taher Inc. of Plymouth, MN, is recalling its 6.3 ounce packages of "Fresh Seasons Power Packs" because they contain Jif Peanut Butter and are potentially contaminated with Salmonella. This recall comes after J. M. Smucker Co.'s recall of dozens of Jif ...
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Solar Panels Are Coming to Ikea As with all solar installations, the cost and energy generated will vary depending on a range of factors, such as the size of the roof and how much sunlight it sees during the day. Incentives like tax credits can also help sweeten the deal, depending on ...
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