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1993 Results / Page 1 of 222

Featured

Citigroup trying to get accidental $500M Revlon loan payment back

Check out what's clicking on FoxBusiness.com Citigroup is in talks to try and get about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon. The cosmetics company controlled by billionaire Ronald Perelman, filed for bankruptcy protection in June.Citigroup, as Revlon's loan agent, had accidentally used its own money in August 2020 to pay off the company's $894 million loan three […]

todayDecember 2, 2022

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

Featured

Citigroup in talks to recoup errant $500 million Revlon loan payment

By Jonathan StempelNEW YORK (Reuters) -Citigroup Inc is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon Inc, the now-bankrupt cosmetics company controlled by billionaire Ronald Perelman.In a Thursday filing in Manhattan federal court, lawyers for the bank and the lenders said they have been discussing a "consensual resolution" to end Citigroup's August 2020 lawsuit […]

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

Featured

Opinion: Crypto is out of control. FTX is just the latest example

Editor’s Note: Casey Michel is a writer and investigative journalist covering kleptocracy and dark money networks across the globe. He is the author of “American Kleptocracy: How the US Created the World’s Greatest Money Laundering Scheme in History,” and is at work on a book investigating foreign lobbying in Washington. The opinions expressed in this article are his own. Read more opinion at CNN.com. CNN  —  As investigators and authorities […]

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

Featured

Here’s why your tax refund may be smaller in 2023, the IRS says

If you're expecting a tax refund in 2023, it may be smaller than this year's payment, according to the IRS. Typically, you get a federal refund when you've overpaid yearly taxes or withheld more than the amount you owe.Your annual balance is based on taxable income, calculated by subtracting the greater of the standard or itemized deductions from adjusted gross income."Refunds may be smaller in 2023," the IRS said in a […]

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

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