Author: super@dmin
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Market Extra: What stock-market investors will be watching in Thursday’s U.S. inflation report
Strong U.S. consumer-price index readings were responsible for some of the stock market’s biggest one-day selloffs of 2022. Investors are bracing for the next report.
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: MGPI merger with Luxco branded ‘abysmal failure’ by short seller
The merger between MGP Ingredients, a producer and supplier of distilled spirits, and branded drinks company Luxco has been called an “abysmal failure” by Ben Axler’s activist short selling firm Spruce Point Management.
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Economic Report: Wholesale prices rise for first time in three months and show U.S. inflation still raging
U.S. wholesale prices rose 0.4% in September to mark the first increase in three months, signaling little progress in the Federal Reserve’s fight to vanquish high inflation.
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Need to Know: What’s going to break next? Look for leverage and artificial constraints, says this fund manager
One fund sees a rough fourth quarter both for U.S. stocks and commodities, anticipating consumer spending will finally turn and earnings growth expectations to ratchet down.
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TaxWatch: Enhanced child tax credit cash helped reduce food insecurity for low-income families. But there’s one way Republicans and Democrats could agree on reinstating it.
The enhanced child tax credit paid eligible households up to $300 monthly per child under age 6 and up to $250 for children between the age of 6 and 17.
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The Human Cost: ‘I want them to go to sleep with full stomachs’: One mother tells MarketWatch how inflation upended her family’s mealtime
With inflation at a 40-year-high and fears of recession mounting, families tell MarketWatch how they are cutting back.
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: Short-term rentals ‘gobbled up’ homes, worsening housing supply, Philly Fed president says. But Airbnb pushes back, saying it’s too easy an explanation.
Patrick Harker, president and CEO of the Philadelphia Fed, takes aim at short-term rentals.
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Washington Watch: Meet the 10 biggest megadonors for the 2022 midterm elections
The top ten biggest federal-level donors have, combined, spent more than $415 million during the 2022 election cycle.
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Futures Movers: Oil loses ground after OPEC cuts forecasts for demand growth
Oil sinks after OPEC cuts its outlook for crude demand growth this year and in 2023.
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: Palo Santo raises $50 mln for largest-ever venture capital fund focused purely on psychedelic medicine
Venture capital fund Palo Santo is closing its oversubscribed debut fund with $50 million of commitments in what the two-year-old firm describes as the largest pure-play venture capital pool dedicated to developing FDA-approved psychedelic drugs, MarketWatch has learned.