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That’s why it’s so surprising that the US economy is expected to show robust growth in Thursday’s third-quarter GDP report. Economists warn that the report could be a one-hit-wonder that overstates momentum in an economy that is actually slowing. “There is more braking power being inflicted on the US economy than will be at all apparent in the third-quarter GDP report,” wrote Kelly. Central bank officials are going to be looking at underlying metrics in the report, and will likely ignore headline numbers, said Patterson. The bottom line: The rejiggering of trade balances often falsely inflates economic growth calculations ahead of a recession.
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Europe's neobrokerage startups face cuts and consolidation as funding dries up, sources say. For startups that can't fundraise it's "shoulders against the wall," one investor told Insider. Europe's brokerage startups are facing a winter of job cuts and consolidation as the sector battles with slumping trade volumes and a scarcity of investor cash, industry sources say. The drop-off has made raising funds a difficult exercise for many fintechs and has also led to a bifurcation in the market of the "haves and the have-nots," one London-based investor told Insider. Market consolidation will be driven by price, one fintech fund partner told Insider.
Oct 13 (Reuters) - Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown. A survey of 581 executives, almost entirely from U.S. tech startups, showed that more than 40% of them boosted their hiring plans in the first half of 2022, according to hiring firm A.Team and startup consultant MassChallenge. Companies are also shortening hiring times and offering higher pay packages to lock in candidates as they compete for talent in a tight labor market, recruiters said. Still, some analysts warn there is only so long until startups can continue the hiring pace amid a weak economic backdrop. "If the economy does indeed go into recession, it will only add to the pressure faced by tech firms as demand dries up," says Dante DeAntonio, director of economics research at Moody's Analytics.
The furnished-apartment rental company Landing laid off 110 employees last week. According to the company, it launched its Mexico operation in 2020, which has grown to include at least 100 employees. The two laid-off employees described training the Mexico City-based colleagues over Slack, Zoom, and the business-messaging application Intercom. However, two laid-off employees disagreed with this assessment and told Insider that while some employees had been moved into markets earlier this summer, they still required the help of a centralized operations team. "One of Bill's 10 business principles is to execute relentlessly," the laid-off employee said.
Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.7-star average rating from 2,378 reviews on AmazonThis indoor gardening system allows you to grow herbs indoors year round. 4.6-star average rating from 72,050 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.
For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.7-star average rating from 2,378 reviews on AmazonThis indoor gardening system allows you to grow herbs indoors year round. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.
For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.6-star average rating from 72,050 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.
Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve's latest meeting. S&P 500 futures and Nasdaq 100 futures were each up about 0.2%. The moves came after the S&P 500 and Nasdaq Composite fell 0.65% and 1.1%, respectively, to post their fifth straight day of declines. Bank earnings will kick off later in the week. Despite lower expectations, S&P 500 earnings are still expected to grow.
He’s scheduled to headline a Saturday rally for Dixon and other GOP candidates in the state. Through Nov. 8, Whitmer and the Democrats have reserved $24 million in ads for the Michigan governor’s race. And the two most recent polls have shown Whitmer leading Dixon by double digits. “Isn’t that sad that Democrats have to spend so much money?” Dixon said at a news conference Tuesday when asked if she was disappointed in the lack of assistance for her campaign. The Republican Governors Association still has $3.6 million budgeted for ads in Michigan, though a spokesperson acknowledged the funding gap.
Beijing’s property bandage fails to staunch blood
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Sept 29 (Reuters Breakingviews) - Another day, another Chinese property market selloff. Hong Kong-listed CIFI (0884.HK) on Wednesday confirmed that it defaulted on an onshore trust loan linked to a property development, blaming slow sales. By the next morning, panicked investors had already wiped out half of CIFI’s market value, some $765 million. The stronger parts of the property market are weakening, and fast. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Today, Li is the billionaire CEO of NYSE-listed Sea Limited, which owns 100% of Shopee as well a gaming unit called Garena. Amid these growing losses, Sea Limited revised and then dropped its ecommerce revenue guidance for the year. In the fourth quarter of 2021, Shopee expected ecommerce revenue in 2022 to fall between $8.9 billion and $9.1 billion. Sea Limited posted revenues of $414 million in 2017, which ballooned to almost $10 billion in 2021. However, Sea Limited has been posting losses for the past few quarters, so that option is not viable in the short-term.
Instead, she singles out a pair of square-toe shoes by French brand Courrèges. The digital-trend tracker Semrush notes a 2,500% jump in web searches for “square toed shoes for women” between July 2021 and July 2022. Meanwhile, the online shopping platform Lyst features over 24,500 square-toe women’s shoes including a faux-leather update of Ms. Cleveland’s Courrèges pair and other Judy Jetson-ish riffs from Dries Van Noten and Rupert Sanderson. The trend also points to ballet’s pointe shoes, which inspired recent versions by Sandy Liang, Mansur Gavriel and Khaite. Actress Selma Blair, meanwhile, says her square-toe loafers from Salvatore Ferragamo are “the grandma shoes that I love.” (She currently sports them with cuffed khakis in her new Gap campaign.)
Instead, she singles out a pair of square-toe shoes by French brand Courrèges. The digital-trend tracker SEM Rush notes a 2,500% jump in web searches for “square toed shoes for women” between July 2021 and July 2022. Meanwhile, the online shopping platform Lyst features over 24,500 square-toe women’s shoes including a faux-leather update of Ms. Cleveland’s Courrèges pair and other Judy Jetson-ish riffs from Dries Van Noten and Rupert Sanderson. The trend also points to ballet’s pointe shoes, which inspired recent versions by Sandy Liang, Mansur Gavriel and Khaite. Actress Selma Blair, meanwhile, says her square-toe loafers from Salvatore Ferragamo are “the grandma shoes that I love.” (She currently sports them with cuffed khakis in her new Gap campaign.)
DWAC, which is a special purpose acquisition company, or SPAC, has been set to be the vessel to take Trump Media and Technology Group public. Now, its share price sits around $16 as markets slide, the appetite for SPACs dries up and Trump faces mounting legal peril. DWAC secured $1 billion in financing from private investors in public equity, also known as PIPE, which would fund Trump Media after the merger. By converting and selling these shares, PIPE investors also have the power to significantly dilute the holdings of other investors including former president Trump. Trump Media, DWAC and the PIPE investors didn't immediately return a request for comment.
Americans are now spending more than 35% of their median income on monthly principal and interest payments for that newly purchased median-priced home. Historically, Americans spent closer to 25% of median income on payments. Instead, mortgage rates tend to track the yield on the 10-year US Treasury. As investors anticipate the Fed's rate hikes, they often sell government bonds, which sends the yield higher and, with it, mortgage rates. In May, the Biden administration announced a Housing Supply Action Plan to close the affordability gap and ease housing costs.
China has been grappling with its worst heat wave on record and the Yangtze, the third longest river in the world, is drying up. Parts of the Yangtze River have dried up from the extreme heat. Experts have also noticed a drastic decline of many native freshwater species of fish, like the now extinct Chinese paddlefish and sturgeon. “The Yangtze is the longest river in China and (all of) Asia and has long been a cradle of civilization. “If there’s anything we can learn from the death of the Yangtze River dolphin, it’s that extinction is forever and we can’t afford to take it lightly.”
In a race to catch up, school districts are putting an increased emphasis on assessments to ferret out students' weak spots. Chronic absenteeism is already a rampant problem that is continuing to worsen, particularly in school districts with low-income students. She also said products need to be engaging for students, while also providing evidence that the methods used are effective. "Districts need products that work," she said. "They don't need products that look sexy or that have, you know, exciting front ends, they need products that are actually going to work and support students to improve learning."
Pros Check mark icon A check mark. Low annual fee for investment accounts; crypto trust investments available Check mark icon A check mark. Tax-loss harvesting, portfolio lines of credit, 529 college savings plans available Check mark icon A check mark. Cash account Check mark icon A check mark. Characteristics of mid-cap companies The companies that comprise the mid-cap segment tend to have several characteristics in common.
Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.
Voga Coffee has raised $1.6 million to fund its mission to get into coffee shops around the world. Unfortunately, the industry has taken quite a hit, with one research firm reporting the pandemic wiped out a quarter of coffee shop's sales in 2020. For the first time in nine years, the total number of coffee shops in the US is on the decline, according to Bloomberg. Its invention, called Ground Control, is a high-tech batch brewer that aims to produce a more consistently delicious cup of coffee. Adopting the technology, the company argues, would allow cafés to brew coffee at a faster clip and charge a higher price for a top-notch brew.
Gruparea napolitană a învins-o pe AS Roma cu 4-0, iar înainte și în timpul partidei, fotbaliștii l-au omagiat pe fostul mare jucător. Într-un final, Napoli a zdrobit-o pe AS Roma, marcând de patru ori. Napoli a mai înscris de trei ori în repriza secundă prin Fabian Ruiz, Dries Mertens și Matteo Politano. Napoli a urcat pe locul 5 în Serie A, în timp ce AS Roma a coborât pe locul 6 în clasament. Ambele partide sunt programate pe 3 decembrie și vor fi transmise în direct de CANAL 5.
Persons: Diego Maradona, Maradona, Lorenzo, Fabian, Dries, Matteo Politano Organizations: AS Roma, Fabian Ruiz, A, AS, AC Milan, Europei, AZ Alkmaar, Celtic Glasgow Locations: Napoli, Argentinei, Italiei, AS Roma, Fiorentina, Celtic
Zlatan Ibrahimovic este de neoprit în Campionatul Italiei de fotbal. Atacantul clubului AC Milan a fost eroul meciului cu Napoli în etapa a opta din Serie A, reușind o dublă de senzație. Jucătorul în vârstă de 39 de ani a deschis scorul în minutul 20, când a reluat balonul cu capul. Tot el a majorat avantajul echipei sale în minutul 54, profitând de centrarea lui Ante Rebic.Napolitanii au redus din handicap în minutul 63 prin Dries Mertens. La scurt timp, gazdele au rămas în inferioritate numerică, după eliminarea lui Tiemoue Bakayoko.Având cu un om mai mult în teren, "rossoneri" au închis tabela în prelungiri, datorită golului înscris de Jens Petter Hauge.Pentru milanezii urmează partida de joi cu Lille din Liga Europei.Meciul va fi transmis în direct de CANAL 5 de la ora 19 și 55 de minute.Marea rivală a lui AC Milan, Internazionale a învins cu 4-2 pe FC Torino într-un meci în care a fost condusă cu 2-0 până în minutul 64.Miercuri, 25 noiembrie, gruparea milaneză va găzdui pe Real Madrid în etapa a patra a Ligii Campionilor.Disputa poate fi urmărită în direct pe PRIME cu începere de la ora 22:00.
Persons: Zlatan Ibrahimovic, Ante Rebic.Napolitanii, Tiemoue, Jens Petter Organizations: AC Milan, A, Liga, Internazionale, FC Torino, Miercuri, Real Madrid, Ligii Campionilor.Disputa Locations: Italiei, Napoli, Lille, Liga Europei.Meciul
Următoarea adversară a naționalei Moldovei din Liga Națiunilor, selecționata statului Kosovo, a pierdut cu 1-2 meciul jucat în deplasare cu Slovenia. Oaspeții au preluat conducerea în partida de la Ljubljana în minutul 58, grație golului marcat de Vedat Muriqi. Jorginho a deschis scorul în minutul 27, când a înscris din penalty. Scorul final a fost stabilit de Domenico Berardi în minutul 84.Italia este liderul primei grupe din Liga A, fiind urmată de Olanda. Georginio Wijnaldum a reușit o dublă, iar Memphis Depay a marcat o dată.Golul de onoare a bosniecilor a fost înscris de Smail Prevljak.
Persons: Josip, Stanislav Cercesov, Denis Cerîșev, Jorginho, Domenico Berardi, Frank, Boer, Georginio Wijnaldum, Memphis Depay Organizations: Liga Națiunilor, Liga B, Liga A Locations: Moldovei, Kosovo, Slovenia, Ljubljana, Pristina, Chișinău, Rusia, Turcia, Istanbul, Karaman, Belgia, Anglia, Italia, Reggio Emilia, Poloniei, Olanda, Bosnia, Herțegovina, Georginio, Memphis
The best way to clean a Samsung Galaxy S10 is by using a microfiber cloth along with lens cleaner spray. Fresh out of the box, your Galaxy S10 is a sleek, jet-black glass monolith. That's why, if you love the way the Galaxy S10 looks when it's new, it's good to know how to clean it. Tips on cleaning your Samsung Galaxy S10Because your Galaxy S10 is water resistant, it's easy to clean safely, as long as you follow some basic rules. How to properly clean your Samsung Galaxy S10As a general rule, clean your phone exclusively with microfiber cloth.
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