A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn

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US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings
Wall Street

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Education stocks plummeted after Chegg's CEO warned about ChatGPT – but don't write off entire sectors just yet

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Chegg CEO Dan Rosensweig
Chegg CEO Dan Rosensweig on the floor of the New York Stock Exchange.

Richard Drew/AP

Elon Musk warns there's a growing risk of a US default as the deadline to raise the debt ceiling looms

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Elon Musk has brought Twitter to break even through an aggressive approach to management.
Elon Musk.

Susan Walsh/AP

US stocks fall as debt ceiling jitters rattle investors and markets brace for April inflation report

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trader nyse worried chart

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These 2 charts show the stock market isn't in as bad a spot as some bearish investors might think

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Keri Russell on one side of a tree with a bear on another
Keri Russell in "Cocaine Bear."

Universal

Stocks will drop as the economy is either about to enter a recession or the Fed is poised to keep rates higher for longer, Morgan Stanley CIO says

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trader upset angry sad nyse

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The 'implosion of Russia as a great power' has opened the door for China to capitalize on Moscow's weakening economy

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Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping during a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023.
Russian President Vladimir Putin shakes hands with Chinese President Xi Jinping at the Kremlin on March 21.

Sputnik/Sergei Karpukhin/Pool via Reuters

Top commodity firm may start using China's yuan, potentially adding to de-dollarization trend

Tech Insider : Economy
The yuan is gaining strength and climbing the ranks of the world's most regularly traded currencies.

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Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession

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oil rig

Jason Kozlowski / EyeEm

Russia's economy will be frozen for a long time as it relies more on China and 'yuanization,' think tank says

Tech Insider : Economy
Vladimir Putin
Russian President Vladimir Putin gives a speech during the Victory Day military parade at Red Square in central Moscow on May 9, 2023.

GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

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