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Why bad news is bad news for the stock market
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 6, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. Investors have heard the adage a lot lately — good news is bad news, and vice versa. In today’s economy, positive data on job growth, manufacturing, and consumer spending have been perceived as a sign the Federal Reserve will remain aggressive in raising interest rates to slow growth and inflation.…
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Energy Shortages In Iran Herald More Bad Economic News
Govt has minimize off gasoline to 840 authorities and public entities, Iran’s Tasnim information described Saturday, as intake outpaces creation. The news may well sound shocking for a nation that has the second biggest all-natural fuel reserves in the earth, but it has been extended crystal clear that creation is falling with deficiency of investments and Western know-how. This indicates several factories and metal as effectively as petrochemical plants halting manufacturing, which will offer a critical blow to an overall economy in disaster. Equally stunning was news this week, released by Tejarat (Commerce) newspaper in Tehran, that some Iranian oil gurus believe the government is providing oil at just $37…
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The UK car industry’s prospects go from bad to worse
Prime Minister Rishi Sunak has much less area to spend to aid what is remaining of the UK’s car producing foundation. Chancellor of the Exchequer Jeremy Hunt final week unveiled a £55 billion ($66.7 billion) established of tax hikes and paying out cuts that a cost-free marketplace believe tank termed a “recipe for managed drop.” Involved within that: a prepare to start off subjecting EVs to street taxes in the coming a long time. The UK’s austerity press adds insult to damage induced by Brexit, which plunged the nation into a prolonged interval of uncertainty and delayed automotive investment decision. All through the 12 months major up to the 2016…
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Two pro wrestlers developed ‘The Progressive Liberal’ to be the bad guy at matches. Then the atmosphere turned far darker
Stickleyville, Virginia CNN — Again in the late 1980s, when Beau James begun professional wrestling, the crowds came for a demonstrate concerning fantastic and evil, to see a tale about heroes and villains, to enjoy the bouts and then go residence. James relished remaining the hero but it was very little when compared to actively playing the poor dude. “They released me and the individuals booed me for virtually two straight minutes. … It’s a significant. … And I’ve been there in the exact situation in which they like me – I really don’t consider it compares to the large of the hatred.” Wrestlers make a persona with a backstory…
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