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Strong US economic growth expected in the fourth quarter, darkening outlook

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GDP is expected to increase by 2.6% in the fourth quarter Strong consumer spending observed; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The U.S. economy likely maintained a healthy pace of growth in the fourth quarter as consumers increased their spending on goods, but momentum appears …

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Wall Street surges, propelled by the technological rebound

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Baker Hughes stumbles upon missing fourth-quarter earnings estimates Activist investor Elliott Management takes stake in Salesforce Tokens on track for biggest daily gain since November Indices up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led by tech stocks as investors embarked on an earnings-heavy week …

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UK’s National Grid will pay people to use less energy during the cold snap

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LONDON, Jan 23 (Reuters) – Britain’s National Grid (NG.L) said it would pay customers to use less electricity on Monday night and had asked for three coal-fired generators to be warmed up in case they are needed. the country is facing a cold snap. The group said it would activate a new program called Demand …

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Bank of Japan policy change prompted rare request for government pause

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TOKYO, Jan 23 (Reuters) – Government officials who attended the Bank of Japan’s policy meeting in December were granted a half-hour adjournment to contact their ministries, minutes show, pointing out the importance of the central bank’s decision to change its bond market peg. In Dec. At the 19-20 meeting, the BOJ maintained its ultra-loose monetary …

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Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

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Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants …

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US home sales fall to 12-year low; glimmers or heaps of emergence

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Existing home sales fall 1.5% in December Sales fall 17.8% in 2022, the biggest annual drop since 2008 Median home price rises 2.3% from a year ago WASHINGTON, Jan 20 (Reuters) – U.S. existing home sales fell to their lowest level in 12 years in December, but falling mortgage rates prompted cautious optimism that the …

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The Fed will offer two 25 basis point hikes in the first quarter, followed by a long pause

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BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that …

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Wall St plunges as tight labor market fuels Fed concerns

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Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate …

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