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Schaeffer's Investment Research

Stock Futures Lower as China's GDP Weighs

Futures on the Dow Jones Industrial Average (DJI) are down 178 points at last check, while S&P 500 (SPX) and Nasdaq-100 (NDX) futures are pointed lower as well, looking to pull back from last week's impressive gains. China's slimmer-than-expected third-quarter gross domestic product (GDP) reading, which showed a 4.9% rise, is weighing on sentiment today. Meanwhile, West Texas Intermediate Crude jumped above the $83 level, its highest since October 2014, and Bitcoin (BTC) is creeping toward its record highs.
STOCKS
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Hollywood film-crew union reaches tentative deal, averting strike

LOS ANGELES, Oct 16 (Reuters) - A union that represents about 60,000 behind-the-scenes workers in film and television reached a tentative deal with producers on Saturday, averting a strike that threatened to cause widespread disruption in Hollywood, negotiators said. The International Alliance of Theatrical Stage Employees (IATSE), which includes camera...
LABOR ISSUES
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Hindu group urges India to regulate platforms, cryptocurrency

MUMBAI, Oct 16 (Reuters) - A powerful right-wing Hindu group linked to India's ruling party has called for curbs on streaming platforms and cryptocurrencies, saying regulation was essential. "There is a need to regularise these things for the larger good of the society," said Mohan Bhagwat, head of the Rashtriya...
ECONOMY
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