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With the recent narrative centering on a no-hire, no-fire labor market, the data suggests that the layoff part of the equation could be stepping up.
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Bitcoin prices fell below $70,000 a coin on Thursday as a painful crypto rout deepened, sending the price of the pioneering digital asset to its lowest level in 15 months.
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Lower mid-market private equity house Shore Capital Partners has closed its second dedicated industrials fund on more than $400m.
The post Shore Capital Partners picks up over $400m to close second industrials fund appeared first on AltAssets Private Equity News.
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The AI boom has destroyed legacy software stocks.
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The number of job openings in December fell to the lowest level in eight years, excluding the COVID-19 pandemic era, underscoring the fragility of the U.S. labor market in the new year.
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The job market was already ‘slim pickings.' New data shows it just got worse CNNThe jobs market is starting to show hard-to-ignore cracks AxiosJob openings sink in December to lowest level since 2020 Yahoo FinanceJob openings sink to a postpandemic low. The economy is barely adding any new jobs. MarketWatchUS Job Openings Drop to Lowest Since 2020, Layoffs Edge Up Bloomberg
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Asian Stocks to Fall as Tech-Led Drop Gains Pace: Markets Wrap Bloomberg.comAsia-Pacific market set to mostly fall as tech sell-off continues CNBCAsia shares falter as global tech selloff spooks investors ReutersStocks in retreat as traders reconsider tech investment Yahoo Finance
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