#Dow slides on hot jobs data, hawkish Fed comments

#Dow slides on hot jobs data, hawkish Fed comments

“Dow slides on hot jobs data, hawkish Fed comments” Wall Street’s main indexes closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. The Dow Jones…

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#’Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’

#’Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’

“‘Contrarian’ hedge fund betting on economic slump scores 163% return: ‘Everything is going down’” An upstart hedge fund achieved a whopping 163% return last year by betting Fed rate hikes would cause economic chaos, according to a report Wednesday. Investment manager Neal Berger’s Contrarian Macro Fund, which controls about $200 million in assets, placed bearish…

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#Tesla shares plunge 10% to start 2023 on weak demand worries

#Tesla shares plunge 10% to start 2023 on weak demand worries

“Tesla shares plunge 10% to start 2023 on weak demand worries” Tesla shares kicked off 2023 with a 10% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter…

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#Dow jumps as jobless claims data eases rate worries

#Dow jumps as jobless claims data eases rate worries

“Dow jumps as jobless claims data eases rate worries” Wall Street’s main indexes ended higher on Thursday, led by growth stocks in light trading, as unemployment data signaled the Federal Reserve’s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. The Dow Jones Industrial Average soared 345.09 points, or 1.1%,…

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#Elon Musk tells Tesla workers to relax despite ‘stock market craziness’

#Elon Musk tells Tesla workers to relax despite ‘stock market craziness’

“Elon Musk tells Tesla workers to relax despite ‘stock market craziness’” Tesla Chief Executive Elon Musk told employees that they should not be “bothered by stock market craziness” after the company’s shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk’s distraction with running Twitter. In an email sent to staff on…

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