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Premarket stocks: What we learned at Davos: The economy is a mess, but there’s still hope
A version of this story very first appeared in CNN Business’ Prior to the Bell publication. Not a subscriber? You can indicator up correct listed here. You can listen to an audio variation of the e-newsletter by clicking the exact hyperlink. New York CNN — Friday marks the close of the annual Planet Economic Discussion board assembly in Davos, Switzerland, an elite accumulating of some of the wealthiest persons and world leaders. The glitzy retreat into the Swiss Alps appears to be ever more out of date as the biggest war in Europe considering that 1945 deepens splits in the entire world economic system. But that does not indicate it is…
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Premarket stocks: Consumers are keeping the economy afloat… for now
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — American shoppers just keep on spending, lending vital support to the economy. The question is: How long will it last? What’s happening: Americans appear to be indulging in a healthy dose of retail therapy despite stubbornly high inflation and the possibility of a recession ahead. Preliminary Black Friday and Cyber Monday numbers point to a strong holiday season, despite earlier concerns that it could turn out to be…
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