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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, -0.53% were down about 150 points, or 0.5%, around midnight Eastern, …

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Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -4.59% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, …

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Josh Brown: ‘If people don’t get fired, then it’s not a recession’

““You can’t have a recession if people still have their jobs and have no problem getting their next job. So I don’t care what the NBER says. … If people don’t get fired, then it’s not a recession.”“ That was Josh Brown, chief executive officer of Ritholtz Wealth Management, onstage at MarketWatch’s Best New Ideas …

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‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says

The numbers: US mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again to address the worst inflation the economy has faced in 40 years. The 30-year fixed-rate mortgage averaged 6.29% as of September 15, according to data …

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‘There is no innocent explanation’: Newly released FBI files reveal Ponzi schemer Bernie Madoff’s dramatic confession as agents arrested him

Bernie Madoff managed to keep the biggest Ponzi scheme in history going for decades, but, when the FBI finally came knocking at his door on Dec. 11, 2008, he told them he had been expecting them, newly released FBI files show. Madoff told the agents that he had been preparing to turn himself in before …

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Verizon is ‘not going to throw away money’ to woo consumers with cheaper phones, CEO says

In a competitive market for wireless deals, Verizon Communications Inc.’s chief executive says the company is “not going to throw away money” on promotions. The company recently rolled out its deals for Apple Inc.’s AAPL, +0.96% new iPhone 14 line, offering existing customers up to $800 off a new phone, whereas rivals AT&T Inc. T, …

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Google faces $25.4 billion damages payout in double lawsuit over advertising practices: report

Alphabet GOOGL, -5.90% GOOG, -5.86% subsidiary Google is reportedly facing damages claims of up to €25 billion ($25.4 billion) in two upcoming court cases in the UK and the Netherlands over its digital advertising practices. Reuters reported on Tuesday that law firm Geradin Partners is set to file two lawsuits against Google across two jurisdictions …

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The biggest Fed rate hike in 40 years? It could be coming next week.

Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key US interest rate in more than 40 years. After another dismal US inflation report, economists at the brokerage Nomura Securities on Tuesday became the …

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