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Business

1192 Results / Page 1 of 133

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Business

EU edges closer to $60-per-barrel Russian oil price cap

BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia’s supplies flowing into global markets while clamping down on President Vladimir Putin’s ability to fund his war in Ukraine. EU nations sought to push the cap across the finish line after Poland held out to get as low […]

todayDecember 1, 2022

Business

Dow Jones Futures Await Jobs Report As Market Rally Holds Gains; Tesla Semi Deliveries Kick Off

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Investors will turn to the November jobs report Friday morning. X A Tesla Semi truck delivery event took place Thursday night with Tesla (TSLA) archrival BYD set to release booming EV sales numbers. The stock market rally showed solid action on Thursday, with the indexes mixed but consolidating Wednesday's huge gains on Fed chief Jerome Powell's […]

todayDecember 1, 2022

Business

What Lab Tests Reveal About Cannabis in New York’s Illegal Dispensaries – The New York Times

What Lab Tests Reveal About Cannabis in New York’s Illegal Dispensaries  The New York TimesExtra Extra: NY cannabis trade group says weed being sold in unlicensed bodegas has E. Coli and Salmonella  GothamistUnlicensed weed tainted with E. coli, lead and salmonella, study finds  CBS NewsYes they cannabis: Hordes of illegal shops — some selling tainted pot — invade NYC  New York Post Tainted marijuana sold at unlicensed businesses in NYC: report  NEWS10 ABC Source link

todayDecember 1, 2022

Business

Home Buyers Could Soon Get $1 Million Mortgage With 3% Down Payment

To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down.The cap for home loans backed by Fannie Mae and Freddie Mac rises to $1,089,300 next year in a few expensive markets including Los Angeles and New York, up from $970,800, the Federal Housing Finance Agency, […]

todayDecember 1, 2022

Business

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) - Florida's Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.The move will hardly dent BlackRock's $8 trillion in assets and drew a strong response from the company, which said the action put politics over investor […]

todayDecember 1, 2022

Business

The Fed’s favorite inflation measure cooled in October

CNN Business  —  A key measure of consumer prices slowed somewhat in October, another hopeful sign that inflation pressures could be moderating. The Personal Consumption Expenditures price index, or PCE, rose 6% in October compared to a year earlier, the Commerce Department reported Thursday. That’s down from the upwardly revised 6.3% annual increase reported for September. PCE is the Federal Reserve’s preferred inflation gauge since it gives a more complete […]

todayDecember 1, 2022

Business

Russian oil sanctions are about to kick in. And they could disrupt markets in a big way

European oil sanctions are due to kick in on December 5. The idea is to reduce oil revenues for Russia given its war in Ukraine.Andrey Rudakov | Bloomberg | Getty ImagesUpcoming sanctions on Russian oil are set to be "really disruptive" for energy markets if European nations fail to set a cap on prices, analysts warned.The 27 countries of the European Union agreed in June to ban the purchase of […]

todayDecember 1, 2022

Business

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) - Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company's collapse stunned investors and left creditors facing losses totaling billions of dollars.Speaking via video link at the New York Times' Dealbook Summit with Andrew Ross Sorkin on Wednesday, Bankman-Fried said he did not knowingly commingle customer […]

todayDecember 1, 2022

Business

Neuralink’s Brain Chip Plans: Help the Blind See and the Paralyzed Walk

Neuralink, the Elon Musk startup that hopes to link our brains directly to computers, showed progress Wednesday in two medical areas: helping blind people to see and helping people with spinal cord injuries to walk.The company, one of five that Musk leads, is working on technology to drop thousands of electrodes thinner than a hair into the outer surface of human brains. Each electrode is a tiny wire connected to […]

todayNovember 30, 2022

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