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China’s surprise rate cut, economic slowdown send oil prices plunging

Placeholder while article actions loadOil prices tumbled Monday after China’s central bank unexpectedly cut rates after data showed economic activity slowed broadly in July, including consumer spending and factory output, reigniting concerns of a global downturn.Signs of further cooling in the world’s second-largest economy, already under stained from China’s zero-covid policy and a real estate …

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Cloudflare Q2 2022 earnings send stock soaring

Cloudflare Co-Founder and CEO Matthew Prince speaks on stage at TechCrunch Disrupt Berlin on December 12, 2019 in Berlin, Germany.Noam Galai | Getty Images Entertainment | Getty ImagesCloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts’ predictions.Revenue climbed …

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