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US budget deficit hits $2.77 trillion in 2021, 2nd highest

The United States’ budget deficit for 2021 was $2.77 trillion, the second highest on record but decreased from the all-time high of $3.13 trillion in 2020. The deficits in both years reflect trillions of dollars in government spending to mitigate the devastating effects of a global pandemic.


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Facebook, Twitter and digital ad stocks drop sharply after Snap earnings

Shares of Facebook, Twitter, and other social media and digital advertising businesses are down dramatically in after-hours trading after Snap revealed that revenue estimates were missed in the third quarter due to Apple’s iPhone privacy rules disrupting its advertising business. Snap also cautioned that supply chain issues were restricting short-term advertising investment because companies did not want to stimulate demand for products that they might not have in store.

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What Fraud? Walter Watts & his $10 million check Scam

Walter Watts was born in London in 1817. He got a job at the Globe Insurance Company through his father, dealing with the cheques that the firm received. He was responsible for ensuring that the amount paid out for fire, insurance claims, and dividends was adequately reflected in the company passbook. In 1833, he testified as a witness on behalf of the bank in the trial of a man accused and later convicted of forging a £150 cheque. A decade later, he embarked on his own life of crime.

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The COVID-19 pandemic appears to be deepening existing inequalities across labor markets, to have reversed the gain in employment made since the  Global Financial Crisis in 2007–2008, and to have accelerated the arrival of the future of work.

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GE mandates Covid-19 vaccines for US workers

General Electric Co. GE 0.59 percent, Union Pacific Corp. UNP -0.08 percent, and other significant U.S. employers are requiring Covid-19 vaccines for their employees in order to meet a Dec. 8 deadline set by the Biden administration for government contractors.

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Canon sued for disabling scanning, fax if printers exhaust ink

Canon is being sued for not enabling consumers to use the scan or fax functions in multi-function devices if the ink runs out on some printer models. Canon is well known for making photography equipment and printers for business and household users. Canon USA is being sued as part of a class action lawsuit by David Leacraft, who claims the business engaged in misleading marketing and unjust enrichment practices.

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Netflix (NFLX) Slated to Report 3Q’21 Earnings

Netflix is expected to release its third-quarter numbers after the market closes on Tuesday. The streaming entertainment behemoth is expected to report $7.48 billion in sales and 3.5 million net subscriber additions in the September quarter, according to Wall Street analysts. This would show a 16.22% revenue growth from the same period in 3Q’20. EPS is expected to come in at $2.56, an increase of 61% from $1.59 per share a year earlier. Earnings whispers meanwhile, anticipates EPS coming in at $2.70 per share.

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Cost Of Living Rising After Inflation

Microchips aren't the only shortage plaguing the auto industry right now - workers are in short supply, too, from the smallest Tier 3 supplier to the shop floor of the largest assembly plants, showrooms, and dealership service areas nationwide.

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