Benchmark U.S. crude oil for June delivery fell $2.77 to $74.30 a barrel Wednesday. Brent crude for June delivery fell $3.08 to $77.69 a barrel. Wholesale gasoline for May delivery fell 4 cents $2.55 a gallon. May heating oil fell 8 cents $2.37 a gallon. May natural gas fell 19 cents to $2.12 per 1,000…
Closing Prices for Crude Oil, Gold and Other Commodities (Apr. 26)
April 26, 2023
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NTD Business (April 26): Disney Sues DeSantis After Privileges Revoked; House Republicans Vote on Debt Ceiling Bill
April 26, 2023
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AIBusiness & MarketsCompaniesdebt ceilingdebt limitdedollarizationdesantisdisneyDollareconomic policieseconomyEpochTVGoogleLive VideosMarketsmicrosoftNTD Businesspersonal financeUSVideoyuan
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The House is voting on a Republican bill to raise the U.S. debt limit. What are lawmakers saying, and does it have any chance to pass? Disney is suing Florida Gov. Ron DeSantis, escalating the conflict to new heights. The company just had its special taxing powers revoked. Both Microsoft and Google had a heavy…
Wall Street Opens Higher on Upbeat Microsoft, Boeing Results
April 26, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUS
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Wall Street’s main indexes opened higher on Wednesday as strong results from Microsoft and positive cash-flow forecast from Boeing offset concerns over rising interest rates and their effect on the U.S. economy. The Dow Jones Industrial Average rose 65.51 points, or 0.20 percent, at the open to 33,596.34. The S&P 500 opened higher by 16.15…
Swedish Crown Softens After Market Sees Riksbank Dovishness, Euro Rebounds
LONDON—The Swedish crown weakened sharply on Wednesday after the country’s central bank was less hawkish than expected, while the euro rebounded from losses a day earlier when jitters about the U.S. banking sector helped the safe-haven dollar. The euro rose as much as 1.05 percent against the crown to 11.426, set for its biggest one-day…
IN-DEPTH: US Debt Default Fears Spark Rising Unease Among Investors
April 26, 2023
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Business & Marketscongressdebt ceilingdebt default swapeconomic policieseconomyExecutive BranchMarketsPoliticsUSUS News
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The cost of insuring exposure to United States sovereign debt rose on Wednesday to its highest level since 2011 after Treasury Secretary Janet Yellen warned that failure to lift the federal borrowing cap would trigger an economic catastrophe, suggesting investors are growing more nervous about the debt ceiling deadlock in Washington. Spreads on U.S. five-year…
Stock Market Today: US Futures Subdued as Earnings Arrive
April 26, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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Wall Street was slow to gain traction in premarket trading ahead of another full slate of corporate earnings and more economic data later in the week. Futures for the Dow ticked down less than 0.1 percent and the S&P 500 was essentially unchanged before the bell Wednesday. Shares of Activision Blizzard tumbled more than 11…
Fox Stock Down $600 Million Since Tucker Carlson Exit
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Fox Takes a Huge Hit Following Tucker Carlson’s Departure
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
US Charges North Korean Banker Over Crypto Laundering Conspiracies
April 26, 2023
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Asia & PacificBusiness & MarketsCrime and IncidentscryptocurrencyDepartment of Justice (DOJ)MarketsNorth KoreaPublic SafetySim Hyon SopUSUS NewsWorld
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The United States has indicted a North Korean banker for his alleged role in cryptocurrency laundering conspiracies designed to buy goods and generate revenue for the North Korean regime. Sim Hyon Sop, a representative of the North Korean Foreign Trade Bank (FTB), was accused of conspiring with over-the-counter crypto traders to launder funds stolen from…
Stock Market Today: Stocks Tumble on Profit, Economy Worries
NEW YORK—Wall Street tumbled Tuesday to its worst day in a month on worries about the strength of corporate profits and the economy following some mixed reports. The S&P 500 fell 1.6 percent to break out of a weekslong lull. The Dow Jones Industrial Average dropped nearly 345 points, or 1 percent, while the Nasdaq…
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