China's surprise rate cut, economic slowdown send oil prices plunging - The Washington Post

The prospect of lower demand sent oil prices sliding 5 percent — pushing West Texas Intermediate crude to $87 a barrel.
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The US economy didn't get the recession memo - CNN

The American economy didn't get the memo that it's supposed to already be in a recession.
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New York manufacturing suffers near-record plunge - CNN

In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in August, according to a survey released on Monday.
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SoulCycle is closing 25% of its studios - CNN

It's not just Peloton that's spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations.
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WeWork co-founder lines up $350 million A16Z investment for a new billion-dollar real estate venture - The Verge

Adam Neumann, the co-founder of WeWork, has backing from Andreessen Horowitz for his new rental apartment business, Flow. The New York Times reports A16Z kicked in $350 million, valuing Flow at over a billion dollars.
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The CW Will Become A Profitable Network By 2025, But Also One With Broader, Cheaper Programming, New Owners At Nexstar Signal - Deadline

As it transitions to new ownership, the CW will likely not look dramatically different in the near term, but Nexstar Media Group intends to turn it into a more broad-audience and cost-conscious broadcast network. The company earlier Monday confirmed it is set…
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Homebuilders see 'housing recession' as sentiment plunges to fresh 2-year low - Fox Business

Builder sentiment in the market for single-family homes plunged in August to the lowest level in two years, indicating the housing market is officially in a recession.
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Pfizer CEO Albert Bourla tests positive for Covid-19 and is experiencing 'very mild symptoms' - CNN

Albert Bourla, CEO of drugmaker Pfizer, has tested positive for Covid-19 and has "very mild symptoms," he said in a tweet on Monday.
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Dan Loeb's Third Point takes new stake in Disney - CNBC

In a letter to Disney CEO Bob Chapek, Loeb said there is a strong case that the ESPN business should be spun off.
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Musk discusses hope for 'multi-planetery' humans in Chinese magazine - Business Insider

Human civilization will be able to survive when Earth is no longer habitable if "we can fly to a new home in a spaceship," Musk wrote.
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U.K. Approves Covid Booster Vaccine That Targets Two Variants - The New York Times

Britain is the first country to approve the Moderna-made vaccine, which generated a strong immune response against both the original virus and the Omicron variant.
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Why now is the best time to book holiday air travel - New York Post

Prices are heading back up and airlines are chopping flights for the fall and holiday. The time to buy holiday air tickets on a budget is the next several weeks.
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Saudi prince made $500M Russia bet at start of Ukraine war - Fox Business

Saudi Arabia's Kingdom Holding Co., the investment firm controlled by billionaire Prince Alwaleed Bin Talal, quietly invested more than $500 million in Gazprom, Roseneft and Lukoil between February and March, regulatory filings showed.
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Whole Foods CEO looking forward to being called "crazy John" after years of having right-wing opinions "muzzled" - Boing Boing

John Mackey, the outgoing CEO of Whole Foods, is angry at young people and the left. They don’t want to buy $6 bottles of Asparagus Water and they don’t want to help him sell it, either…
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A new jailbreak for John Deere tractors rides the right-to-repair wave - Ars Technica

Exploit now provides root access to two popular models of the company’s farm equipment.
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Asking if this is a new bull market or bear market bounce might be the wrong question - CNBC

We could get the opposite of what everyone thought was going to happen in August and September. We could get a meltup.
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Jamie Dimon: There's 'truth' to China's claim US is 'incompetent and lazy' - New York Post

Dimon warned of “storm clouds” on the horizon for the US economy and predicted that the odds favor a “harder recession” or “maybe something worse.”
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