Purchasing managers’ indices plummet: “The signs of recession could hardly be clearer”

Purchasing manager indices plummet “The recession signals could hardly be clearer” 08/23/2023 4:06 p.m Hardly anyone expected that: the economic indicators in Germany and the euro zone are signaling pronounced weakness. There is no growth in either industry or service providers. Several analysts now expect that the ECB will initially refrain from raising interest rates…

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Cryptocurrencies plummet as Binance faces CFTC lawsuits

© Reuters By Ambar Warrick Investing.com–Prices of and other major cryptocurrencies fell on Monday after Binance was hit by a lawsuit from U.S. regulators accusing the world’s largest cryptocurrency exchange of flouting compliance and regulatory laws. offer illegal derivatives. The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance, its founder Changpeng Zhao…

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American bank stocks plummet

ZThe biggest sell-off in the banking sector in almost three years came on Wall Street on Thursday. The trigger was concern for the health of a Californian bank that needed a billion-dollar capital increase to cushion losses. This fueled concerns that rising interest rates could erode banks’ balance sheets more broadly. The latest trouble spot…

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Computer mouse maker shares plummet

The decline in sales after the Corona boom is even more unpleasant than expected. The manufacturer of computer mice and systems for video conferencing faces new uncertainties. With 1.9 billion computers worldwide, Logitech still has potential. Dado Ruvic / Reuters When a company is open about disappointment, investors have little reason to disagree. Shares in…

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