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Annuity sales hit a record last year, surpassing sales during the 2008 financial crisis amid concerns and higher rates

Annuity sales hit a record last year, surpassing sales during the 2008 financial crisis amid concerns and higher rates

Tim Pepper | optical disc | Getty Images Amid stock market volatility, recession fears and higher payments, consumers poured a record amount of money last year into annuities, a type of insurance that provides a guaranteed income stream. Buyers moved $310.6 billion into annuities in 2022, according to estimates published by Limra, an insurance industry …

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The Justice Department files a second antitrust suit against Google, seeking to break up its advertising business

The Justice Department files a second antitrust suit against Google, seeking to break up its advertising business

On Tuesday, the US Department of Justice filed its second antitrust lawsuit The Google In just over two years. It’s the latest sign that the US government isn’t backing down from cases against tech companies even given the court’s mixed record in antitrust cases. Google shares fell 1.3% on Tuesday afternoon. Related investment news This …

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Editorial: Uncertainty in the markets is stressful.  Make these moves to be ready for whatever 2023 brings

Editorial: Uncertainty in the markets is stressful. Make these moves to be ready for whatever 2023 brings

Hilary Cladky | moment | Getty Images Before looking forward to 2023, we should take a moment to think about 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing is not a test of intelligence; it is a test of character.” In fact, …

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Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Asia-Pacific markets are falling as recession fears mount, and China vows to stabilize the economy

Oil futures rose on hopes of a recovery in demand in China Oil futures rose in Asian morning trade as optimism about China’s reopening leading to a recovery in demand outweighed recession fears. Brent crude futures rose 1.16% to $79.96 a barrel, while US Brent crude futures rose 1.18% to trade at $75.17 a barrel. …

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US lawmakers are rushing to unload FTX founder's contributions

US lawmakers are rushing to unload FTX founder’s contributions

Writer’s workshop in Alaska. California food banks. A charity that fights diabetes. These groups are the unwitting recipients of donations from Samuel Bankman Fried. He sent them to US lawmakers who now can’t move fast enough to offload contributions from the disgraced crypto mogul to nowhere but their campaign coffers. Prior to his arrest in …

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European stocks extend gains on hope of Fed slowdown;  US markets are closed

European stocks extend gains on hope of Fed slowdown; US markets are closed

Thursday, November 24, 202211:44 a.m. EST European markets record gains for the third session European markets closed higher for the third consecutive session Stokes 600 The index rose 0.5% on Thursday. The FTSE 100 was flat while France’s CAC 40 rose 0.4% and Germany’s DAX rose 0.8%. By sector, the gains were led by the …

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Malaysian stocks rise Asia markets mostly higher after Fed signs slowdown 'soon'

Malaysian stocks rise Asia markets mostly higher after Fed signs slowdown ‘soon’

Thursday, November 24, 20221:17 a.m. EST Malaysian stocks rose after the announcement of the Prime Minister’s State Palace Listed Malaysian stocks closed higher on Thursday after the state palace announced Anwar Ibrahim as prime minister. pointer KLCI Index It closed 4.04% higher after the previous negative sessions, ending the session at its highest level in …

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European markets closed higher with the mining and retail sectors gaining

European markets closed higher with the mining and retail sectors gaining

Wednesday, November 23, 202211:52 a.m. EST European markets closed up 0.6%; Travel and mining gains offset Credit Suisse’s decline The pan-European Stoxx 600 closed 0.6% higher, led by gains in travel and leisure stocks, up 1.9%, and mining, up 1.8%. Beleaguered Credit Suisse was the worst performer, losing 6% after approving a 4 billion Swiss …

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