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Business News

Location American Business News for 21 September 2022
Chicago Bears head coach Matt Eberflus buys Lake Bluff mansion for $3.9M Chicago Bears head coach Matt Eberflus and his wife paid $3.9 million on May 25 for a mansion on Lake Michigan in Lake Bluff.
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Should you choose early exit benefit in term insurance? Early exit benefit in term plans allows policyholders to withdraw early, pays back premium
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The bond king, Jeffrey Gundlach, is now very favorably disposed toward the asset class he knows best.
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El Salvador Buys Back Debt as President Gears for Re-Election

Wall Street Journal - 21 Sep 2022 22:11
The highly indebted Central American nation aims to mitigate fears of a debt default with the partial repurchase.
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Taxes, Inequality And Unemployment Will Weigh On China After Party Congress "Less growth is going to create problems," says Middlebury College Professor Jessica Teets
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Citigroup's Jane Fraser, JPMorgan's Jamie Dimon and others face two days of congressional hearings starting Wednesday.
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Luxury Brands' Record Year Was More Luck Than Skill

Wall Street Journal - 21 Sep 2022 17:03
A surge in global household wealth explains why designer labels had such an exceptional 2021, and why a repeat isn't likely.
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European Interest in China Investments Wanes

The New York Times - 21 Sep 2022 05:19
European Interest in China Investments Wanes Spending by European companies on new factories and other "greenfield" investments, long a key source of capital and technology for the Chinese economy, is falling steeply.
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The U.S. has never vanquished high inflation without a major increase in layoffs and unemployment, but the Federal Reserve is hoping to pull it off.
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Fauci says 400 US deaths a day is 'not an acceptable number' despite President Biden declaring the pandemic 'over' Dr. Anthony Fauci is adding a critical footnote to Biden's "pandemic is over" comment. Declaring the pandemic over is a "double-edged sword," he said.
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U.S. Treasury Yields Rise After Fed Raises Rates

Wall Street Journal - 21 Sep 2022 22:17
U.S. Treasury Yields Rise After Fed Raises Rates Stubbornly high inflation and expectations for higher interest rates have been a driving force pushing bond yields higher all year.
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Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors.
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Uniper Deal Is Lehman Moment for European Energy

Wall Street Journal - 21 Sep 2022 19:43
The German bailout of one of the region's largest utilities is a strong signal that Europe's energy sector will never be the same again.
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Former Chicago Cubs president Theo Epstein publicly lists Lakeview home for $3.75M Former Chicago Cubs president Theo Epstein on Monday placed his Lakeview mansion on the public market for $3.75 million.
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Fed expected to raise interest rate today: Here's how it could hit your wallet and portfolio The Fed is expected to raise rates by at least 75 basis points. Every consumer rate from auto and home loans to savings and credit card will follow.      
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UK households face £3bn hit if Bank goes ahead with 0.75-points rate rise Hike in interest rates would be the biggest in 33 years and would heap renewed pressure on borrowers The Bank of England is considering the biggest interest rate rise in 33 years to tackle soaring inflation, a move expec...
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Market expectations suggest the fed funds rate will be 4.25% - 4.50% by the end of the year, a sharp rise from the 0% - 0.25% range in March.
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European Commission eases coal sanctions on Russia to avoid harming 'energy security' Transporting goods like coal "should be allowed to combat food and energy insecurity around the world," the bloc's executive arm said.
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Should You Buy Intuitive Surgical Stock Over This Healthcare Company? There is more to the comparison, and in the sections below, we discuss why we believe ISRG stock will offer better returns than BDX stock in the next three years.
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Mortgage demand rose for the first time in six weeks despite interest rates moving sharply higher. Here's why.
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Bitcoin 'nuke' warning as Fed rate hike decision looms -- Dollar index hits 20-year high Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
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Nine Ways Leaders Can Help Their Employees Feel Like Themselves At Work Building a company culture that ensures employees feel comfortable enough to be themselves can take many forms, meaning there's no one way for leaders to approach this goal.
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