Outdoor World

Coronavirus is fast becoming an ‘economic pandemic’

London (CNN Business)The emergence of hundreds of coronavirus cases in two major economies outside China has dashed hopes of a speedy recovery from an epidemic that has already wreaked havoc on global supply chains and hit company profits. Officials and business leaders had been hoping that dramatic action taken by China would slow the spread of coronavirus and prevent it from gaining traction around the world. If China’s factories were able to restart production quickly after an extended shutdown, the world’s second largest economy would have a chance to return…

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Tips Tricks News

The system is broken: the billionaire investor who fears a return to the 1930s

Ray Dalio, who has a near $19bn fortune, is one of a handful of the 0.01% to go public with concerns about the system that created that wealth Ray Dalio, the billionaire investor, has just released his first childrens book. Its a bedtime story he hopes will inspire a new generation of entrepreneurs and leaders. There are other stories that keep Dalio awake at night. Stock markets have soared in recent years, employers are struggling to find workers, inflation is under control. And yet: This period is very similar to…

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Outdoor World

Fed meets to weigh future rate hikes

Washington (CNN Business)Policy makers at the Federal Reserve are set to gather in Washington on Wednesday to discuss whether to cool off plans to hike rates faster. Fresh economic data since central bankers’ last meeting has increased the chances of the Fed sticking with its plans to raise rates in December, and continue on its path of hiking interest rates gradually in 2019. Employers added 250,000 jobs in October, easily surpassing expectations, and wages also grew a healthy 3.1% after years of American workers’ paychecks stagnating. But not everything is…

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