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Corporate America, one of the few reliable purchasers of equities in this bear market, is retreating from its buying binge, fresh evidence that the Federal Reserve-induced slowdown is taking a toll on business sentiment.
True believers say crypto is a new global currency. Give it time, they say. Well, it has had time now, more than a decade in fact, and I still can’t use it to buy a coffee or any other daily items for that matter.