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FTX fiasco one of the most egregious cases of ‘gross negligence,’ says Ackman

Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched …

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The US economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks

Investors are trying to read the tea leaves in a choppy US stock market to gauge whether its recent higher run can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at the end of November by indicating its aggressive interest rate hikes could slow. “The leadership of the stock market is telling you …

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From CNN to Paramount, Perfect Storm in Media Propels Layoffs

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode. News organizations, TV networks, movie and television studios, and entertainment giants laid off hundreds of workers over the past week alone, including Warner Bros. Discovery Inc.’s WBD -0.69% CNN and Paramount Global PARA …

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Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper

Hi, MarketWatchers. Don’t miss these top stories. Greenest holiday ever? Here’s how to rent a sustainable Christmas tree There are ways to make ‘greener’ choices with your holiday evergreen. Read More Retail and warehousing jobs actually fell in November. It reveals a lot about the typical holiday shopper. Month to month, retail employment declined 30,000, …

Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper Read More »

Tech Selloff Catches Up With Private Startups

Tech startups are plunging in value in private trades, mirroring the big markdowns of their publicly listed brethren over the past year. Before companies go public, their shares are often traded by employees, founders and institutions in secondary deals. The trades allow existing holders to cash out before a startup goes public, and buyers to …

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The November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and …

The November jobs report is the most important data for inflation this year – and not in a good way Read More »

November Employment Report Shows US Economy Added 263,000 Jobs

The November payrolls gains compared with an upwardly revised 284,000 jobs in October, the Labor Department said Friday. Payrolls grew up in leisure and hospitality, healthcare and government. Retailers and transportation-and-warehousing companies cut jobs in a sign of weak holiday hiring. Average hourly earnings grew 5.1% in November from a year earlier, the department said. …

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Blackstone Limits Redemptions From Real Estate Vehicle, Stock Sinks

blackstone Inc. BX -7.09% Shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions. Blackstone Real Estate Income Trust Inc., more commonly known as BREIT, said Thursday in a letter posted to its website that the amount of withdrawals requested in October exceeded its monthly …

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Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud and hurricane season’s late start made for an average year but a big insurance bill

Hi, MarketWatchers. Don’t miss these top stories. Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud, prosecutors say Matthew Onofrio claimed he’d cracked the code on commercial real estate, but is accused of fleecing inexperienced investors and banks. Read More I’m a new mother, and can’t afford to …

Turns out a real estate guru peddling the ‘deal of a lifetime’ was really a fraud and hurricane season’s late start made for an average year but a big insurance bill Read More »