Business
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Bond market’s most deeply inverted gauge is pointing to ‘large slowdown in economic growth’ and ‘deep recession’
The most deeply inverted part of the U.S. yield curve is one that hasn’t sent a false signal about the prospects of a U.S. recession in more than a half-century of research. That’s the spread between 10-year and 3-month Treasury yields, which was around 153 basis points below zero as of Thursday — reflecting a…
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More than 168,000 tech-sector employees have lost their jobs since the start of 2023
More than 168,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sixfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 561 tech companies laying…
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HBAN Stock Price | Huntington Bancshares Inc. Stock Quote (U.S.: Nasdaq)
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, other financial products and services. The firm operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial…
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I’m 61 and earned $83,200 in investment income last year. Will that affect my Social Security benefit?
Dear MarketWatch, I really enjoy your articles. Thank you for your terrific work. My question is this: I know that if you take Social Security before your full retirement age, you’ll lose $1 in benefits for every $2 over the earnings threshold. But does that include investment income or just wages? I’m 61 and I…
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Bud Light draws backlash after promoting trans activist Dylan Mulvaney, but marketing pros say it’s a smart move
When trans activist and actress Dylan Mulvaney shared this past weekend on social media that she was featured in a Bud Light BUD, -0.05% promotion, it prompted transphobic backlash from many conservative commentators and fans of the beer alike. One commentator wrote: “Who the hell at @budlight thought it was a good idea to make…
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The commodity supercycle is still young, these strategists say. Here’s why.
Be careful what you wish for. U.S. job openings dropped below 10 million, a symbolic sign that the Federal Reserve’s efforts to combat inflation by sapping labor-market demand was working — and U.S. stocks promptly fell. Perhaps the bigger issue is that investors were not willing to push stocks out of the 3,800 to 4,200…
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Oil futures fall after 4 session gains in a row, but supply data is ‘far from recessionary’
Oil futures inched lower Wednesday, with prices easing back after posting gains in each of the past four trading sessions, buoyed by concerns over tighter supplies on the heels of an OPEC+ decision over the weekend to cut oil production. Weak U.S. economic data Wednesday fed concerns of an economic recession that would hurt energy…
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J&J firmer on hopes for talc deal, but Western Alliance Bancorp slides as regional bank fears revive
Here are some of the biggest movers on Wednesday, with Johnson & Johnson firmer but C3.ai extending recent losses. Stock gainers: Johnson & Johnson JNJ, +1.05% shares were adding 3% in premarket action after the company announced a nearly $9 billion settlement over claims that its talcum powder causes cancer. Shares in coffee retailer Dutch Bros BROS,…
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Google parent company reportedly targets staplers in cost-cutting drive
The company that once put ping-pong tables in its offices is now rationing staplers. According to CNBC, Google is no longer providing staplers and tape to its print stations worldwide. The report quotes a facility directive from San Francisco, which stated, “if you need a stapler or tape, the receptionist desk has them to borrow.”…
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Dow closes 200 points lower as fewer job openings stoke recession worries
U.S. stocks closed lower Tuesday, with the Dow and the S&P 500 index snapping a four-day winning streak, as investors weighed new declines in factory orders, data hinting at a softening labor market ahead of Friday’s jobs report, and what that means for recession fears and interest rates. How stock indexes traded The S&P 500…