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The era of free money is ending
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| For about 20 months, central banks have funneled an unprecedented amount of cash into the financial system, aiming to limit the worst effects of the Covid-19 pandemic on the economy. Now, with an eye on inflation, they're changing course — with big ramifications for stocks and bonds. Read more » |
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America's productivity fell faster than any point since 1981
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| US labor market productivity fell dramatically in the third quarter of the year, dropping to its lowest level in 40 years. Read more » |
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America's trade deficit jumps to a record high
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| The US trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday. Read more » |
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Good news for Joe Biden: America is getting back to work
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| America's job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low. Read more » |
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Moderna warns its Covid vaccine shipments are falling short. Stock plunges
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| Moderna fell short of profit and sales expectations for the third quarter, and the Covid vaccine maker warned that its full year shipments of the vaccine will not meet its forecasts. Read more » |
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MGM is selling Mirage casino: 'We have enough of Las Vegas'
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| MGM Resorts is putting the Mirage resort and casino in Las Vegas up sale, ending a 21-year ownership of one of the strip's most famous properties. Read more » |
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