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  • The CEO of the world's second-largest alternatives firm is optimistic about a light recession
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    The CEO of the world’s second-largest alternative investment business is upbeat about a little downturn.

    Bruce Flatt has been the CEO of Brookfield Asset Management for the last two decades, building it to become the world’s second-largest alternative investment business. He is responsible for more than $725 billion in assets spread across real estate, private equity, infrastructure, energy transition, credit, and insurance. Flatt shares his broad perspective in an exclusive […] More

  • Foot Locker, Deere, DoorDash and others
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    Foot Locker, Deere, DoorDash and others

    Before the bell, have a look at the businesses generating news: FL – Foot Locker The athletic footwear and clothing company had an adjusted quarterly profit of $1.60 per share, which was 5 cents more than analysts’ expectations. Revenue was somewhat lower than expected, while same-store sales decreased by less than half of what experts […] More

  • Despite Beijing's prohibition, China is the second-largest bitcoin mining center in the world.
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    Despite Beijing’s prohibition, China is the second-largest bitcoin mining center in the world.

    By September 2021, China accounted up just over 22 percent of the entire bitcoin mining industry, according to Cambridge University data. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’t giving up in China despite Beijing’s prohibition on the activity. China was previously the world’s greatest crypto mining hotspot, accounting for between […] More

  • Stock futures rise, with the S&P 500 on edge of bear market
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    Stock futures surge, with the S&P 500 on brink of bad market

    U.S. stock futures gained early on Friday as traders looked to see whether the S&P 500 would drop into bear market territory. Futures related to the Dow Jones Industrial Average climbed 196 points, or 0.63 percent . S&P 500 futures traded 0.76 percent higher, while Nasdaq 100 futures gained 1.06 percent . Those changes occurred […] More

  • Demand will persist, problem is with supply chains
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    Demand will endure, issue is with supply chains

    Despite Covid restrictions in some parts of China, Chinese electric car company Nio delivered more than 5,000 cars in April, a sharp decrease from nearly 10,000 deliveries in March. Getty Images | Future Publishing | Future Publishing BEIJING — According to Nio CEO William Li, the company’s biggest challenge right now is ensuring supply chain […] More

  • Kohl's, BJ's Wholesale, Spirit and more
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    Kohl’s, BJ’s Wholesale, Spirit and more

    Before the bell, have a look at the businesses generating news: Kohl’s (KSS) — Kohl’s announced adjusted quarterly profits of 11 cents per share, below the average forecast of 70 cents. Although revenue exceeded expectations, the company cited a difficult sales environment as well as greater expenses. In premarket trade, Kohl’s shares dipped 3.3 percent. […] More

  • Stephen Roach gives stagflation warning, calls peak inflation absurd
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    Stephen Roach gives stagflation warning, calls peak inflation absurd

    According to former Morgan Stanley Asia head Stephen Roach, stagflation is making a return. He cautions that the United States is on a risky road that will result in higher costs and weaker GDP. “This inflation issue is broad, chronic, and likely to endure,” Roach said on Thursday on CNBC’s “Fast Money.” “The markets are […] More

  • Goldman Sachs picks Chinese stocks set to benefit from Covid reopening
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    Goldman Sachs picks Chinese stocks set to benefit from Covid reopening

    In April, industrial output unexpectedly decreased as Covid restrictions suspended or reduced factory operations. On May 12, a worker at a Whirlpool (China) facility in Hefei, Anhui province, is photographed on a washing machine manufacturing line. Getty Images | Vcg | Visual China Group Goldman Sachs analysts said they’re “seeing light at the end of […] More

  • Why it's a good time for young investors to put money in the market

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    Why it’s a good time for young investors to put money in the market

    Getty Images | FG Trade | E+ In the downturn, there are opportunities. According to Paula Pant, producer of the podcast “Afford Anything,” today’s market collapse also presents a chance for young investors with the longest time horizons to prepare for retirement. “Your best buddy is a dip,” she said. “So, purchase the drop, take […] More

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