Economy
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Swiss National Bank’s Schlegel watching hot weather impact on food price inflation
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Bny Mellon high yield strategies fund director buys $44,400 in shares
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China, US agree to $30 billion tariff cut, AI dialogue during Xi visit
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Alo is defying China’s consumer slowdown, selling $1.5 million in one minute and planning 8 more stores
Chinese consumers are keeping a tight grip on their wallets—but apparently not when it comes to Alo. Retail sales in China rose just 0.4% year over year in August, half the pace economists polled by Reuters had expected. Weak consumption and a prolonged property downturn had already helped drag second-quarter GDP growth to 4.3%, the…
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Nearly half of home sellers are now offering incentives to unload their properties—even $20,000 in concessions and all-expenses-paid cruises
One real estate agent in Atlanta offered their client a free week-long vacation in an Airbnb owned by the home’s seller as part of a home-buying deal. Another in Charlotte, North Carolina offered an all-expenses-paid cruise. As the buyer’s market continues, home sellers have had to get creative in incentivizing their sales, and it’s led…
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Harvard’s last Affirmative Action program is for the rich
Harvard has a secret backdoor. Most applicants have never heard of it. Harvard doesn’t advertise it on its admissions website. There’s no box to check on the Common Application. Yet each year, a small cohort of applicants is offered admission through a different pathway. They don’t enroll with the incoming class. Harvard admits them on…
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Bitcoin rebounds strongly this week, trades near $84,000 after climbing above $86,000. Here is what experts say
Bitcoin rebounded to around $84,000 after briefly crossing $86,000, while Ethereum traded near $2,688. Bitcoin gained 3.6% weekly, supported by positive ETF flows and reduced uncertainty after the US Federal Reserve’s September policy decision, though markets remain in consolidation overall.
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F&O Talk: 23,270 is a key Nifty hurdle; Sudeep Shah picks 5 stocks, discusses PB Fintech, Turtlemint strategy
Nifty ended at 23,140.50 after an eighth consecutive weekly decline, with technical indicators remaining bearish. Analysts identify 23,300 as key resistance and 23,000 as options-based support, while Pharma and Healthcare remain relatively stronger amid persistent global market pressures and volatility.
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Tigers, Astros Legend Justin Verlander Sends Blue Jays Message Just Before Final Start
The Detroit Tigers’ future Hall of Famer pointed to a Houston Astros game against the Toronto Blue Jays shortly before retiring.