LONDON—The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signaling additional jumbo rate rises contrasted with market pricing for a less aggressive Federal Reserve. The euro reached as high as $1.0927, breaking the recent peak of $1.08875, to trade at its highest level since April last year….
World Shares Up, Many Asia Markets Closed for Lunar New Year
January 23, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany’s DAX edged 0.1 percent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 percent to 7,002.30. Britain’s FTSE 100 added 0.2 percent to 7,786.30. The future for the S&P 500 lost…
Feds Seized Nearly $700 Million From FTX Founder Bankman-Fried
Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty…
Biden Seeks to Bring Back Obama-Era Rule on ‘Fair Housing’ Rescinded by Trump
January 21, 2023
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Affirmatively Furthering Fair HousingAffordably Furthering Fair Housingbarack hussein obamaBusiness & Marketseconomic policieseconomyExecutive BranchFair Housing ActMarketsPolicies & ImpactsPoliticsreal estateUSUS NewsUS Real Estate
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The Biden administration is looking to restore an Obama-era rule that requires states, counties, and cities receiving federal housing funds to submit “equity plans” to ensure that residential “segregation” within their borders are uprooted—a decision that runs contrary to the Trump administration’s policy that found the rule to be ineffective and complicated. The U.S. Department…
‘EV Car Mania May Be Over’ as Production Estimates and Executive Enthusiasm Wane: Institute for Energy Research
January 21, 2023
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Business & MarketsElectric carselectric vehicle (EV)electric vehicle industry chinaEV adoptionEV salesMarketsTechTech NewsUS
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Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply chains, lithium sourcing, inflation, and more affect production capacities while customer demand decelerates globally, as evidenced by industry leader Tesla cutting prices in order to increase sales. In Europe, EV car manufacturers are…
‘EV Mania May Be Over’ as Car Production Estimates and Executive Enthusiasm Wane: Institute for Energy Research
January 21, 2023
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Business & MarketsElectric carselectric vehicle (EV)electric vehicle industry chinaEV adoptionEV salesMarketsTechTech NewsUS
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Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply chains, lithium sourcing, inflation, and more affect production capacities while customer demand decelerates globally, as evidenced by industry leader Tesla cutting prices in order to increase sales. In Europe, EV car manufacturers are…
EV ‘Mania’ May Be ‘Over,’ Production Estimates and Executive Enthusiasm Wane as Sustainability Questioned
January 21, 2023
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Business & MarketsElectric carselectric vehicle (EV)electric vehicle industry chinaEV adoptionEV salesMarketsTechTech NewsUS
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Electric vehicle (EV) “mania” might be at an end, or, at a minimum, easing down, according to research, as concerns about supply chains, lithium sourcing, inflation, and more affect production capacities while customer demand decelerates globally, as evidenced by industry leader Tesla cutting prices in order to increase sales. In Europe, EV car manufacturers are…
Closing Prices for Crude Oil, Gold and Other Commodities (Jan. 20)
January 20, 2023
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Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
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Benchmark U.S. crude oil for February delivery rose 98 cents to $81.31 a barrel Friday. Brent crude for March delivery rose $1.47 to $87.63 a barrel. Wholesale gasoline for February delivery rose 5 cents to $2.65 a gallon. February heating oil rose 9 cents $3.47 a gallon. February natural gas fell 10 cents to $3.17…
Car Drove Into Barricade Outside Bankman-Fried’s Parents’ Home, Lawyers Say
NEW YORK—A car drove into a metal barricade outside Sam Bankman-Fried’s parents’ home in California, his lawyers said on Thursday, in a recent incident they said underscores the security risks faced by the FTX founder and those ensuring his return to court. In a filing in Manhattan federal court, lawyers for the 30-year-old onetime billionaire…
Netflix Co-Founder Steps Down as CEO: ‘The Board and I Believe It’s the Right Time’
Netflix co-founder Reed Hastings stepped down as CEO this week, stating: “The board and I believe it’s the right time.” Hastings stepped down as chief of the online streaming service, handing control over to his longtime colleague and co-CEO, Ted Sarandos, and his COO, Greg Peters, Reuters reported. The co-founder decided to step down as Netflix…
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