Sunday, June 26

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U.S. Consumer Spending Rose 2.1% in January and Inflation Accelerated …
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U.S. Consumer Spending Rose 2.1% in January and Inflation Accelerated …

Source: U.S. Consumer Spending Rose 2.1% in January and Inflation Accelerated ... Discovered on: 2022-02-25 18:16:00 U.S. consumer spending rose briskly in January and prices climbed faster, adding to other signs that the economy started the year on a solid footing despite the Omicron wave of Covid-19 infections. But economists warned the conflict in Ukraine could curb growth in the coming months if it leads to higher gasoline prices. Spending rose a seasonally adjusted 2.1% in January from the previous month, rebounding from a revised 0.8% decline in December, the Commerce Department reported Friday. Personal income was unchanged on the month, following the expiration of the federal government’s monthly child tax credit.
Macron’s Ukraine Diplomacy Failed With Putin but Resonates in France
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Macron’s Ukraine Diplomacy Failed With Putin but Resonates in France

Source: Macron’s Ukraine Diplomacy Failed With Putin but Resonates in France Discovered on: 2022-02-25 16:28:00 PARIS—French President Emmanuel Macron’s diplomatic campaign to avert a war wilted the moment Russia began its sweeping invasion of Ukraine. In France, though, the failed effort has done little to dent Mr. Macron’s political fortunes heading into April’s presidential elections. Strutting on the world stage has allowed Mr. Macron to cement his status as a statesman at a time when analysts say voters are seeking a steady hand. He has also benefited from the fact that his closest rivals—far-right leader Marine Le Pen and anti-immigration TV pundit Eric Zemmour—have a history of lavishing praise on President Vladimir Putin of Russia.
Stocks rebound, oil slips as traders weigh Russia sanctions
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Stocks rebound, oil slips as traders weigh Russia sanctions

Source: Stocks rebound, oil slips as traders weigh Russia sanctions Discovered on: 2022-02-25 14:49:42 NYSE: © AFPRoland JACKSONGlobal stocks rebounded Friday, one day after slumping as Russia invaded Ukraine, while oil declined from 2014 peaks. In Europe, the three main indices all briefly gained over three percent in afternoon trading, recovering much of the previous day’s losses, as Western nations held off from imposing sanctions that would cripple critical sales of Russian oil and gas. On Wall Street, which ended Thursday in positive territory, the Dow rose by 0.4 percent at the start of trading on Friday, although the tech-heavy Nasdaq Composite dipped slightly. Asian equities mostly bounced back. European benchmark Brent crude was down to $97.76 per barrel, having briefly soared ...
SPAC Startups Made Lofty Promises. They Aren’t Working Out.
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SPAC Startups Made Lofty Promises. They Aren’t Working Out.

Source: SPAC Startups Made Lofty Promises. They Aren’t Working Out. Discovered on: 2022-02-25 14:31:00 A startup battery maker that wooed investors with rapid growth forecasts said it would miss its revenue target by as much as 89%. A scooter rental app is expected to bring in less than 20% of what it projected this year. An electric bus company that planned to boost revenue faster than any U.S. startup ever told investors to disregard its projections. Dozens of startups that went public in a pandemic-fueled stock market frenzy are missing the projections they used to win over investors, many by substantial margins and just a few months after making those forecasts.
U.S. Stocks Rise After Russia Agrees to Talks With Ukraine
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U.S. Stocks Rise After Russia Agrees to Talks With Ukraine

Source: U.S. Stocks Rise After Russia Agrees to Talks With Ukraine Discovered on: 2022-02-25 14:33:00 U.S. stocks gained after Moscow agreed to talks with Ukrainian leadership, while Russian forces closed in on Kyiv and bombing intensified.  The S&P 500 rose 0.2% Friday, a day after the benchmark index capped a wild trading session by closing 1.5% higher. The Nasdaq Composite opened mostly flat, and the Dow Jones Industrial Average gained more than 100 points.
Etsy's Basket Has Some Holes
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Etsy's Basket Has Some Holes

Source: Etsy's Basket Has Some Holes Discovered on: 2022-02-25 12:33:00 Business has boomed for crafts-focused online marketplace Etsy in the past two years, for all the obvious reasons. But growing in the same way going forward will be more challenging and expensive.
Russian Forces Close In on Ukraine’s Capital, Bombing Intensifies
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Russian Forces Close In on Ukraine’s Capital, Bombing Intensifies

Source: Russian Forces Close In on Ukraine’s Capital, Bombing Intensifies Discovered on: 2022-02-25 11:47:00 HOSTOMEL, Ukraine—Russian forces moved by air and land to attack Kyiv on Friday, while the capital’s defenders dug into positions along its forested edge and prepared to blow up bridges. At an airfield here, Russian troops, who had taken the facility following an airborne assault, linked with Russian armored troops who had poured in from Belarus, Ukrainian soldiers on the front line said.
Chinese anti-graft body criticises banks for ‘extravagance’
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Chinese anti-graft body criticises banks for ‘extravagance’

Source: Chinese anti-graft body criticises banks for 'extravagance' Discovered on: 2022-02-25 10:59:43 The Shanghai Stock Exchange was one of 25 top Chinese financial institutions criticised in the report - Copyright AFP Hector RETAMALBeijing’s anti-graft body has criticised more than 20 state banks, regulators, insurers and bad-debt managers following an investigation into corruption and financial risks, citing “many outstanding problems” in their work. The probe of some of China’s most important financial bodies comes amid a sweeping regulatory crackdown on major tech and property firms, and an ongoing debt crisis in the country’s massive real estate sector, most notably the giant Evergrande Group. “Formalism, bureaucracy and extravagance are still prominent,” the country’s top discip...
Ukraine’s Booming Tech Outsourcing Sector at Risk After Russian Invasi…
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Ukraine’s Booming Tech Outsourcing Sector at Risk After Russian Invasi…

Source: Ukraine’s Booming Tech Outsourcing Sector at Risk After Russian Invasi... Discovered on: 2022-02-25 00:42:00 The outsourcing of tech services from Ukraine, a sector that has bounded ahead in recent years with customers in Europe and the U.S., is at risk after Russia attacked the nation on Thursday. Following the incursion, internet outages occurred across the country, according to a monitoring dashboard run by the Georgia Institute of Technology. Kerry Hallard, chief executive of U.K.-based trade group, the Global Sourcing Association, said that at one member business in Kharkiv, 80% of computers had no internet access. The conflict “is going to have massive repercussions because Ukraine is obviously a...
Alibaba Shares Are Cheap, but Not a Bargain
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Alibaba Shares Are Cheap, but Not a Bargain

Source: Alibaba Shares Are Cheap, but Not a Bargain Discovered on: 2022-02-25 08:43:00 Chinese e-commerce giant Alibaba has been sailing through a regulatory windstorm for more than a year now. A slowing economy and new competitive pressures are adding to already blustery conditions. The impact of China’s sharp economic slowdown, particularly for consumers, is clear in the company’s latest results. Alibaba on Thursday reported its slowest growth since it went public in 2014. Revenue for the quarter ending in December grew 10% year-over-year. The growth rate for the same quarter in 2020 was 37%.