Recession is almost a given, and Biden's team 'don't know what they are talking about' as they play down the risk, Santa Lucia investment chief says

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US recession
Investors should brace themselves for an almost certain recession this year, according to the chief investment officer of Santa Lucia Asset Management.

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US stocks rise as GDP data and Tesla earnings come in better than expected

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trader nyse
A trader works on the floor of the New York Stock Exchange January 6, 2014.

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Tesla stock shakes off Elon Musk's 'funding secured' trial and rallies 11% after fourth-quarter earnings beat

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Elon Musk in 2020
Tesla shares rallied Thursday after the electric carmaker beat Wall Street's fourth-quarter targets.

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Tesla took a $34 million impairment charge on its bitcoin holdings last quarter as crypto values plunged

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Elon Musk with a bitcoin symbol

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Billionaire investor Ray Dalio slams the US debt ceiling – and compares politicians who support raising it to binge-drinking alcoholics

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Ray Dalio on the Forum stage during day two of Web Summit 2018.
Ray Dalio.

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Americans are battling an egg price crisis after an almost 60% surge in 2022. Here's what's happening.

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Eggs
Egg prices soared 60% in 2022, according to the Bureau of Labor Statistics.

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A US debt default or even a near-nonpayment could plunge the economy into recession, top Goldman Sachs economist says

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The US Capitol is seen in Washington, DC
The US has hit the $31.4 trillion borrowing limit.

(Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

Elon Musk is gung-ho on Tesla sales hitting 2 million after price cuts, but a Wedbush analyst says it's having to 'sacrifice margins for volumes'

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Tesla Motors CEO Elon Musk speaks to the media next to its Model S in Hong Kong on January 25, 2016.
Tesla CEO Elon Musk.

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NYSE glitch traced back to employee who left backup system running, report says

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new york stock exchange
The NYSE halted trading of several stocks when a systems glitch meant the exchange failed to set some companies' opening prices.

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Adani Group says it's exploring 'remedial and punitive' legal action against a short-seller who accused it of market manipulation and fraud

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Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Indian billionaire Gautam Adani's conglomerate said it's exploring potential legal action against Hindenburg Research over its Tuesday report.

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