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Maserati GranTurismo debuts as the brand's first electric vehicle with three motors, AWD

Maserati GranTurismo debuts as the brand’s first electric vehicle with three motors, AWD

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The Maserati GranTurismo is back after a short break, but don’t let its familiar shape fool you. It looks like the old one, an intentional move on the company’s part, but bigger changes lurk beneath the sleek design. The new GT arrives with three electric motors and a battery, becoming the brand’s first electric vehicle, …

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Tesla's record deliveries raise demand concerns

Tesla’s record deliveries raise demand concerns

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You’re here (TSLA) reported record third-quarter vehicle deliveries on Sunday, but they are well below views. The report could heighten concerns about demand, particularly in China, as Elon Musk’s electric vehicle giant ramps up production capacity. X Tesla stock fell sharply on Monday morning after breaking above short-term lows on Friday. Tesla delivered 343,830 electric …

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Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

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TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from …

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Big tech stocks plunge with chilling parallels to Dotcom Bust: -25% to -66% from highs so far

Big tech stocks plunge with chilling parallels to Dotcom Bust: -25% to -66% from highs so far

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But the market should rebound, according to the saying of WOLF STREET that “nothing goes wrong in a straight line”. By Wolf Richter for WOLF STREET. Monday would be a good start to bounce back. It could also start on Tuesday or in November or anytime. And maybe not much rebound. But the market should …

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Should investors flee stocks? Strategists give their take - and reveal how to trade volatility

Should investors flee stocks? Strategists give their take – and reveal how to trade volatility

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September has always been a seasonally weak month for equities, and the market’s performance over the past month has certainly reinforced that reputation. Belligerent comments from top Federal Reserve officials have further heightened market jitters at a time when investors are anxiously weighing their next move. Cleveland Federal Reserve Chair Loretta Mester said last week …

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Celsius Network founder withdrew $10 million before bankruptcy

Celsius Network founder withdrew $10 million before bankruptcy

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Celsius Network founder Alex Mashinsky withdrew $10 million from the crypto lender just weeks before the company froze customer accounts as it headed for bankruptcy, according to people familiar with the matter. The crypto withdrawals by Mashinsky in May this year came as clients withdrew their assets from the company in large numbers, spooked by …

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Sentiment is speaking: the market is approaching a potentially significant bottom

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Florent Molinier As we wrapped up 2021, I was explaining to those following my work that I expected a significant pullback heading into 2022. In fact, I even noted that “we’ll probably see the biggest pullback since we’ve hit rock bottom.” March 2020.” However, I did not expect the market to fall below the 4000 …

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New York's Four Seasons hotel in dispute with Beanie Babies mogul - and could stay closed for years

New York’s Four Seasons hotel in dispute with Beanie Babies mogul – and could stay closed for years

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New York’s Four Seasons Hotel has remained conspicuously closed since the start of the pandemic – and insiders say it is likely to remain closed for years due to an increasingly bizarre dispute with the billionaire founder of the Beanie Babies toy empire. The luxury icon designed by architect IM Pei at 57 East 57th …

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