LOS ANGELES—The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month—the longest such stretch on records going back to 1999. Existing home sales fell 7.7 percent last month from October to a seasonally adjusted annual rate of 4.09 million, the National Association of Realtors said…
Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
LIVE NOW: Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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crisisCrossroadsdepressioneconomicemploymentEpochTVFeatured TopicsJoe BidenLive VideosmarketPolicies & ImpactspresidentunemploymentUSUS NewsVideo
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
LIVE 10:30 AM ET: Market Falls Mirror Great Depression; Unemployment Numbers Doctored
December 21, 2022
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crisisCrossroadsdepressioneconomicemploymentEpochTVFeatured TopicsLive VideosmarketPolicies & ImpactsunemploymentUSUS NewsVideo
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The United States is seeing economic trends not witnessed since the Great Depression, including with its falling GDP. While there are various estimates on the crisis, it’s projected to last for years before real improvements are seen, and early estimates didn’t take into account unforeseen events such as ongoing lockdowns in China or Russia’s war…
Police in Germany’s Dresden Give All-Clear After Hostage-Taking
BERLIN—Police said they had ended a suspected hostage-taking in the eastern German city of Dresden on Saturday, after evacuating a shopping mall in the historic city center and shutting the famous Striezelmarkt Christmas market. “All-clear! The hostage situation in #Dresden is over!” police said on Twitter, adding that two people who appeared to be unharmed…
European Tech Industry Loses $400 Billion Market Value, Report Says
December 7, 2022
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LONDON/STOCKHOLM—The European tech industry saw $400 billion in value wiped out this year and an 18 percent decline in venture capital funding, according to a report from venture capital firm Atomico. The combined value of public and private tech firms in Europe fell to $2.7 trillion, down from $3.1 trillion in late 2021. High interest…
US Downgrades Russia to a Non-Market Economy in Bid to Further Isolate Moscow
The U.S. Department of Commerce announced Thursday that it has removed Russia from its market economy categorization in a bid to place pressure on Moscow under the context of bilateral trade, and further isolate the country’s economy. The Commerce Department’s decision cited increased interference from Russia’s government in tits own economy, resulting in price distortions,…
Grain Market Braces for Price Flurry as Black Sea Corridor in Doubt
PARIS—Wheat futures are expected to leap on Monday as Russia’s withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said. Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea. Kyiv said Russia…
Yellen Taking Steps to Enhance Treasury Market, Boost Funds Resilience
The U.S. Treasury is taking steps to strengthen the resilience of the Treasury debt market and private money market and bond funds, but the U.S. financial system is functioning well despite elevated global volatility, Treasury Secretary Janet Yellen said on Monday. Yellen, speaking to the Securities Industry and Financial Markets Association’s (SIFMA) annual meeting in…
PC Shipments See Record Plunge in Q3—What That Means for Apple, AMD, Intel and Others
PC market slackness that was hinted at by Advanced Micro Devices Inc., when it preannounced last week, has been confirmed by a new report that showed a sharp decline in shipments in the third quarter. What Happened Worldwide PC shipments plunged 19.5 percent year-over-year in the third quarter, preliminary results released by market research firm…
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