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Luxury stocks may be a risky China stimulus bet
Chinese consumer spending once powered luxury companies to all-time highs. With sluggish economic growth, the outlook for the sector might not be the same.
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Crypto’s $130 million election binge has candidates like Utah’s John Curtis poised to win big
In running to take Mitt Romney’s Senate seat, Republican John Curtis has benefited by being a friend to the crypto industry.
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Here’s why inflation may look like it’s easing but is still a huge problem
By nearly every barometer, inflation is still well above where most Americans, and in fact some Fed officials, feel comfortable.
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Boeing machinists to vote on new proposal with 35% raises that could end strike
The IAM will vote Wednesday on the new proposal which includes 35% wage increases over four years, a higher signing bonus of $7,000 and more.
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Who will win the presidential election? The Trump trade offers a clue
Based on 538’s latest analysis of presidential polls, Trump now has the barest advantage in the race, with a 52-in-100 chance to win.
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Mail carriers reach deal with USPS for pay raises and air-conditioned trucks
All city carriers will get three annual pay increases of 1.3% each by 2025, some of which will be paid retroactively from November 2023.
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US government offers $10 million reward for tips on Russian firm interfering in election
“Rybar relies on the connections and funding from Rostec to bolster Russia’s military capabilities and advance pro-Russian and anti-Western narratives.”
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The world’s $100 trillion fiscal timebomb keeps ticking
The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the US.