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US election, tech jitters rattle global stocks
Global stocks slid Thursday as investors fretted over results from tech giants and remained risk-averse ahead of a coin-toss US election.Data showing the US Federal Reserve’s preferred inflation measure cooled further last month — and now sits just above its long-term target — failed to boost sentiment, despite being a positive sign for future interest-rate …
Global stocks slide on US election, tech worries
Global stocks slid Thursday as investors digested disappointing tech results and remained risk-adverse ahead of a coin-toss US election.Data showing the US Federal Reserve’s preferred inflation measure cooled further last month and now sits just above its long-term target — a positive sign for future interest-rate cuts — failed to boost sentiment.Microsoft and Facebook-parent Meta …
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EU probes shopping app Temu over illegal products
The EU on Thursday hit Chinese-founded shopping platform Temu with a probe over concerns the site is doing too little to stop the sale of illegal products, in an investigation that could lead to large fines.Extremely popular in the European Union despite having entered the continent’s market only last year, Temu has on average around …
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