Economy
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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.
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He washed dishes beneath BlackRock’s headquarters, landed his dream job there—then quit to build his family’s restaurant empire
Anthony Scotto III already knows what he wants to do when his rapidly expanding restaurant business finally gives him a moment to breathe: travel to the small Italian island of Ischia and, with a handwritten family address in hand, knock on the door and hope whoever answers doesn’t tell him to get lost. But first,…
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Baanganga Gold & Diamond files DRHP for Rs 720 crore IPO, fresh issue pegged at Rs 540 crore
Baanganga Gold & Diamond has filed its DRHP for an IPO comprising a fresh issue of up to ₹540 crore and OFS of up to ₹180 crore. The jewellery manufacturer plans to use fresh proceeds mainly for working capital requirements.
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Mutual fund SIPs did better than lumpsum across 5 equity categories in 2 years. Check details
Over two years, SIPs outperformed lump-sum investments across equity fund categories, with the gap widest in smallcap funds. SIPs delivered positive average returns even where point-to-point returns remained muted or negative.