stock market news
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Weekly mortgage demand drops over 6% after interest rates move even higher
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell…
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Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at…
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Inflation pressure now ‘brutal’ because of supply squeeze, US companies say
Shortages throughout the supply chains on which corporate America depends are translating into widespread inflationary pressure, a string of US…
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Conservative billionaire Vincent Bolloré tightens grip on French media
When journalists at French weekly broadsheet Journal du Dimanche huddled at a newsroom meeting to discuss the sudden ousting of…
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Paradise found: A journey to Idlewild, America’s ‘Black Eden’
It is possible that the people who drove down the public access dock and launched their pontoon on to Idlewild…
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Facebook failed in its efforts to curb explosion of hate speech ahead of Capitol attack
Internal documents have revealed Facebook’s failed attempt to curb an explosion of hate speech and misinformation ahead of and during…
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The ‘prince’ and the populist: Brazilian monarchist backs Trump media venture
A central figure in former US president Donald Trump’s bid to create a new social media platform is a Brazilian…
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How Poland became Europe’s biggest rebel
On October 7, from a spartan courtroom in Warsaw, Julia Przylebska read out a verdict that echoed across the whole…
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Secretive MoD ‘banking’ unit helps UK wage economic warfare
A taskforce of former bankers and financiers is helping the UK military sharpen its skills in economic warfare as a…
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How a New Orleans community land trust is providing permanently affordable housing and supporting Black entrepreneurs
The “Rebirth of 1800 St. Bernard” took place last year on a chilly December day by New Orleans standards. Attendees…
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US intelligence officials warn companies in critical sectors on China
US intelligence officials have launched a campaign to warn American companies about the risks of interacting with China in critical…
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Lira reels as Turkey tests investors once more
Another week, another shock to the Turkish lira. The currency plunged to a fresh historical low after Turkey’s central bank…
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Here’s how regulators could tackle a Revolut crypto coin
Banks are contemplating how they can get a slice of the boom in demand for cryptoassets and blockchain technology, and…
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Trading Places: BNP Paribas promotes PE banker, Nomura’s hiring spree
Private equity and junior bankers were in the spotlight this week, as investment banks reported earnings that showed they are…
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Treasury pushes for risk disclosure, tighter credit checks in buy now, pay later market
The Treasury has laid a path for tighter regulation of the buy now pay later sector, as it recommends that lenders should…
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Flash trash! The man reinventing rubbish on Kastellorizo
On the tiny Greek island of Kastellorizo, there is a three-storey house, more or less like any other overlooking the…
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Can Weidmann’s exit help Germany rebuild frayed relations with ECB?
Jens Weidmann, head of Germany’s Bundesbank, has been a lonely voice among Europe’s central bankers for a decade. In 2012,…
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Russian mercenaries leave trail of destruction in the Central African Republic
When the tattooed Russian fighters arrived in Alindao, a town in the southern Central African Republic (CAR), the rebels fled…
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Latest news updates: Queen Elizabeth spent night in hospital following cancellation of Northern Ireland trip
Queen Elizabeth spent night in hospital following cancellation of Northern Ireland trip Robert Wright in London The UK’s Queen Elizabeth…
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Deutsche Bank whistleblower paid $200m in record reward
The Commodity Futures Trading Commission has awarded almost $200m to a former Deutsche Bank employee who raised concerns about the…
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US drops tariff threat after digital tax deal with European nations
The US has agreed to drop the threat of trade tariffs against five European countries over their digital service taxes…
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US Federal Reserve bans officials from trading shares in wake of scandal
The Federal Reserve has adopted new rules banning its policymakers and senior staff from buying individual shares and a string…
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Embracing placemaking as a core state strategy
While local governments, developers, and communities usually lead placemaking efforts, the state of Michigan stands out for its embrace of…
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Covid calculus shifts as NHS faces ‘extremely challenging’ winter
The NHS has been the lodestar of the UK government’s response to Covid-19, with restrictive lockdowns justified largely by the…
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An auf Wiedersehen to Jens Weidmann
Jens Weidmann, who this week announced his departure from the presidency of the Bundesbank after a decade-long term, played his…
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Blackstone profits nearly double in third quarter
Blackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion…
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US grapples with rapid Covid test crunch as vaccine mandate looms
The US is grappling with a critical shortage of rapid Covid-19 antigen tests amid a surge in demand from consumers…
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Wealth managers predict strong growth as clients invest pandemic savings
The UK’s largest wealth manager said the spectre of inflation would push people to invest their cash savings even if…
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Speaking truth to power when power pays your salary
This article is an on-site version of our Trade Secrets newsletter. Sign up here to get the newsletter sent straight…
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WeWork set to trade publicly via Spac, two years after its IPO imploded
The shared-office company WeWork is set to trade publicly Thursday, 21 October, capping a journey to a listing that included…
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More Saudi women join the workforce
Read a transcript of this episode on FT.com https://www.ft.com/content/9c52937f-8f75-4d9d-8a62-8479a818ef45 The ECB is pushing banks to add hundreds of extra staff…
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Investors flee gold for cryptocurrencies as inflation worries perk up
Investors are dumping gold for cryptocurrencies as inflation picks up, fleeing a metal historically touted as a store of value…
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Wage pressures become inflationary flashpoint in developed economies
From striking refuse collectors in Brighton on England’s south coast to the thousands of employees who have walked out at…
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Strong earnings outweigh a slower economy
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to…
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Trump to launch social media platform to compete with Twitter and Facebook
Donald Trump is launching a social media platform called TRUTH Social, which will go public via a merger with a…
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Biden’s corporate tax increase plans come under threat from Democratic senator
President Joe Biden’s plans to raise tax rates on corporate America and wealthy households have been thrown into doubt by…
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China conducted two hypersonic weapon tests this summer
The Chinese military conducted two hypersonic weapons tests over the summer, raising US concerns that Beijing is gaining ground in…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Is my teenager’s pay rise a sign of things to come?
A few months ago, one of my daughters underwent a teenage rite of passage by getting her first paid summer…
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Countdown to COP26: A message to business
Each of us is responsible for our planet and the time to act on that responsibility is now. From China…
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Online retailers fuel inflation in reversal of years-long trend
Ecommerce sites have become contributors to rising inflation, bucking a years-long trend and heralding the prospect of higher prices and…
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Indonesian start-up GoTo poised for $28.5bn valuation in latest fundraising
The Abu Dhabi Investment Authority is leading a fundraising for Indonesia’s GoTo that is expected to increase the valuation of…
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Meet the ‘diva of divorce’ Ayesha Vardag, who charges her super-rich clients £1,200 an hour
“I’ve for a very long time been the most expensive divorce lawyer in London,” Ayesha Vardag says from her plush wood-panelled office…
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Electric vehicles at a spaghetti junction
If you think you had a bad Tuesday, just think of the UK’s environmental reporters. Yesterday marked the release of…
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Bundesbank chief Jens Weidmann to step down
Jens Weidmann has decided to step down after a decade as head of Germany’s central bank in a move that…
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Dune rewards a return to the big screen with a whole, living world
The desert in Dune is a killer and Denis Villeneuve could not be happier. The director’s sci-fi epic is filled…
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Australian lawmakers call for sweeping changes to crypto rules
Australia should create a new regulatory regime for crypto assets to bring business onshore and help it compete with Singapore…
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Squid Game has lessons for investors
If there’s ever been a warning about taking extreme risks, Netflix’s biggest hit Squid Game is it: 456 debt-ridden adults…
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Chinese cryptocurrency traders look for ways around ban
Ray considers himself to be a maverick. While many Chinese are shutting down their digital wallets after Beijing banned investing…
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China new home prices hit by first month-on-month fall since 2015
Prices of new homes across China’s biggest cities fell in September, the first month-on-month decline since April 2015 and a…
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