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It’s the worst September for stocks since 2002. What that means for October.

September is traditionally the toughest month for stocks, but this was a doozy, A Friday drop left the S&P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for October. …

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Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.30% said it expects between an adjusted loss of …

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Opinion: Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

If they own stocks or bonds, they might not want to sell with both markets crashing simultaneously. Or they may be out of options altogether and their home is their only valuable resource left. That’s when a home equity conversion mortgage comes into play. Most people think of reverse mortgages, as they’re commonly called, as …

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US economy shrank in the first half of 2022, updated GDP confirms

The numbers: The US shrank in the six months of the year, first revised government figures confirm, and painted a picture of economy buffeted by strong headwinds and tailwinds. Gross domestic product, the official scorecard of the economy, fell at a 0.6% annual clip in the second quarter, the Bureau of Economic Analysis said Thursday. …

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Amazon unveils bedside device that watches you sleep

NEW YORK — Soon enough, a bedside Amazon device might know whether you’re sleeping — or not. The e-commerce and tech giant said Wednesday it will start selling a device later this year that can track sleeping patterns without a wristband. The device, called Halo Rise, will use no-contact sensors and artificial intelligence to measure …

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Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession

Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index, which tracks fixed-income volatility, soared to 158.12 as of Tuesday, the most recent data available, according to Refinitiv. That’s the highest since 2009, with the exception …

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Jennifer Lawrence Lists Her New York City Loft for $10.5M and who is still eligible for free school lunches — and how can you apply?

Hi, MarketWatchers. Don’t miss these top stories. Jennifer Lawrence Lists Her New York City Loft for $10.5M May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million. Read More: Advice from a longtime real-estate agent. “Owners are …

Jennifer Lawrence Lists Her New York City Loft for $10.5M and who is still eligible for free school lunches — and how can you apply? Read More »

First thing Fed breaks with higher rates will be the financial markets, BMO says

The Federal Reserve is the proverbial bull in the china shop, prepared to create damage with higher interest rates to bring down the hottest inflation spell of the past 40 years. The first thing that will break is the financial markets, “as currently unfolding,” BMO Capital Markets economists Michael Gregory and Sal Guatieri said in …

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US stock futures dip, dollar rises as Italian election results add to uncertainty

US stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.52% were down about 150 points, or 0.5%, around midnight Eastern, …

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