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U.S. Job Openings Drop by 1.1 Million, Most Since April 2022

According to Tuesday’s report released by the Labor Department, the job openings in the U.S. have dropped by 1.1 million in August. This represents the biggest decline in job openings since April 2022, when the economy was hit by...

Apple Scraps Plans to Increase Production of New iPhones Amid Lower Demand

The new iPhones are not flying off the shelves in the way that Apple believed they will. As a result, the company decided to scrap its plans to ramp up the production of the iPhone 14 in the second...

African Flights Grounded Amid Air Traffic Control Strike

Air travel was disrupted across West and Central Africa on Friday as air traffic control strikes kept flights grounded. International travelers en route to the United States and Europe were unable to board their scheduled flights as a result. Employees...

Investors Express Positive Growth Outlook On Netflix Ad-Supported Tier

Wall Street analysts have expressed confidence in Netflix's ability to recover from its stock market slump thanks to the streaming service's upcoming ad-supported tier. Citigroup bank raised its price target for Netflix shares from $275 to $305 with Citigroup...

Asian Markets Slide Amid Recession Warnings

Asian markets waned on Friday as global concerns of a coming recession prompted mass selloffs. Both the World Bank and the International Monetary Fund warned of the possibility, with European markets looking set to follow Asia's trend as investors...

Saudi Raises Oil Output in Effort to Stabilize World Markets

Saudi Arabia boosted its oil output to over 11 million barrels per day last month, the OPEC+ member announced. By doing so, the kingdom is fulfilling its promise to stabilize world markets. In the first increase in two years, Saudi...
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