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The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

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US labor market remains tight despite continued claims hitting 10-month high

US labor market remains tight despite continued claims hitting 10-month high

Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

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Wall Street dragged by recession fears, S&P on track for 4th cut

Wall Street dragged by recession fears, S&P on track for 4th cut

Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.39%, S&P 1.78%, Nasdaq 2.22% Dec 6 (Reuters) – Wall Street benchmarks fell again on Tuesday, with the S&P 500 on track for a fourth consecutive decline, amid uncertainty around the direction …

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Lost your phone? Follow these 7 steps to protect your accounts and your money

Image source: Getty Images What a terrifying thought. Key points Your smartphone probably contains a lot of your banking and other financial data. Take the necessary steps to make sure your phone is gone, then wipe your data remotely and contact your cellular service provider (and possibly the police). Monitor your credit and financial accounts …

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Sam Bankman-Fried says he 'never tried to commit fraud'

Sam Bankman-Fried says he ‘never tried to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of now bankrupt crypto exchange FTX, tried to distance himself from suggestions of fraud in his first public appearance since the collapse of his business. losses totaling billions of dollars. Speaking via video link at The New York Times Dealbook Summit with Andrew …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Rent and house prices continue to fall nationwide.  Will the SLO County market follow?

Rent and house prices continue to fall nationwide. Will the SLO County market follow?

A 2022 filled with house price increases across California finally began to cool off as the seasons turned to fall, and October was no exception. Skyrocketing home and rent prices continued their slow decline in October across California, according to reports from the California Association of Realtors (CAR) and Rent.com. As housing affordability begins to …

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For retirement income purposes, it might be a good idea to figure out how much you and your partner will need assuming you live to age 90.  How does this compare to the expected annual income from all your retirement plans?  Don't forget to add inflation, both to your Social Security benefits and to the cost of living.

What to do if you’re late starting to save for retirement: follow these steps

If you’re in your 40s or 50s and haven’t saved a dime for your retirement, don’t panic. There’s still time to build a little nest egg, but you have to hurry and be realistic, experts say. First you need to take a look at what you have and what you need, create a plan and …

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