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Domestic fears of recession abate with a strong jobs report today

Today, the most important report of the week, the jobs report was released. Economists were expecting an additional 258,000 new jobs added last month. The Labor Department’s report revealed that the U.S. economy has had robust job growth last month adding over 500,000 jobs in July. The exceedingly strong numbers of today’s report diminish concerns …

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Gold’s Fed-induced short squeeze has disappeared

Market analysts started the week talking about the Federal Reserve potentially pivoting next month on its monetary policy. Those expectations were wiped off the board with just one data point. Data from the U.S. Labor Department showed that more than 500,000 jobs were created in July, significantly beating market expectations. Heading into the report, economists …

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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

P/E multiple contraction is the main driver of falling share prices. GETTY IMAGES/ISTOCKPHOTO An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnings and retail-sector stocks are being pummeled. In fact, contracting …

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Breaking: Nasdaq drops over 4% as Treasury yields jump

  The Nasdaq Composite slumped 474 points, or 3.7%, Thursday morning, more than taking back the previous session’s sharp rise seen after the Federal Reserve delivered a half-point interest rate increase but signaled it was taking a 75 basis point move off the table. Tech-related shares led the drop for stocks as Treasury yields, which …

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Extreme Inflation Doesn’t Seem To Be Over Anytime Soon

The U.S. grew steadily through early April, a Federal Reserve survey found, but high inflation showed little sign of relenting in “the coming months” and clouded the outlook for the economy. The regular Fed survey, known as the Beige Book, found little evidence inflation is set to turn sharply lower. Businesses have been forced to …

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US inflation has jumped over 8.5% , highest ever since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received Source: New York Times Inflation soared over the past year at its fastest pace in more than …

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