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Hurricane Ian deals a devastating blow to the uninsured

Homeowners could be hit with as much as $17 billion in uninsured losses due to flooding from Hurricane Ian due to the latest estimate on damage caused by the storm.The damage estimate comes from CoreLogic, a leading research firm that…

The US job market remains robust, but is showing signs of cooling

The fever hasn't broken yet for America's employment market, but the temperature is coming down.The economy added 263,000 jobs in September, the Bureau of Labor Statistics reported Friday, slightly more than economists had estimated.While still robust, the headline number marks the second consecutive month of…

OPEC's production cut is a win for oil stocks

The White House isn't very happy with OPEC's decision to slash oil production by 2 million barrels per day. Consumers won't be big fans either, as the move will likely send gas prices higher.But there's one big winner coming out…

Credit Suisse is buying back debt and selling a hotel

Credit Suisse said it will buy back up to $3 billion in its own bonds to save money on debt servicing costs while taking advantage of low prices.The announcement on Friday comes after investors displayed concerns about the financial position…