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Money Stuff: Lordstown's Electric-Truck Orders Were Vague Wouldn't it be funny if all the electric-vehicle startups went public by merging with special purpose acquisition companies, and they all marketed themselves to investors using ridiculously optimistic financial projections predicting that they'd all make $10 billion ...
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Southwest Airlines flights are disrupted for the second time in 24 hours. Charitable giving rose in 2020, with civil rights and environmental groups benefiting. · European Union sells bonds to finance recovery but excludes some big banks. · Lina Khan, a critic of Big Tech, wins confirmation to the F.T.C. ...
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Little-noticed cyber spying campaign blamed on China was much wider than thought The hack of Pulse Connect Secure networking devices came to light in April, but its scope is only now starting to become clear. The Associated Press has learned that the hackers targeted telecommunications giant Verizon and the country's largest water agency ...
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Drowning in Cash, Money Markets Seek Another Life Raft From Fed More and more, investors are wondering whether the Federal Reserve will tweak its monetary policy toolkit to help out money markets that are starting to drown in a sea of cash. The Fed's existing facilities have helped alleviate the impact of the growing dollar ...
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World's Top Oil Traders See Prices Rising Further on Demand Brent crude, the international benchmark, has already reached a two-year high of $73 a barrel in London and could rise to $78 later this year, said Vitol Group Chief Executive Officer Russell Hardy. The ...
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Oil Highest Since 2018 as Traders See Prospect of Higher Prices Global demand should return to normal in the third quarter of next year, according to Alex Sanna, head of oil marketing at Glencore, who said crude prices may move higher on more widespread vaccinations and inflationary pressures ...
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Dollar holds near one-month high; focus on Fed's inflation take TOKYO, June 16 (Reuters) - The dollar held near a one-month high against a basket of currencies on Wednesday as investors tried to ascertain if the Federal Reserve might alter the language on its stimulus following a recent jump in U.S. inflation. The dollar ...
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Big tech's biggest hits could feel bite from House antitrust changes House Democrats' proposed antitrust overhaul pitches itself as a fight for a fairer internet, less riven by special dealing and conflicts of interest — through provisions aimed surgically at the practices of just a handful of the largest U.S. companies. The proposal ...
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CEOs signal stronger hiring plans than after the Trump tax cuts New York (CNN Business) Corporate America wants to hire workers aggressively as the US economy races back to life following the pandemic. The Business Roundtable, an influential lobbying group comprised of top US executives, said Wednesday that its ...
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EU receives 107 billion euro demand for first recovery fund bond -lead manager (Reuters) - The European Union received over 107 billion euros ($130 billion) of demand on Tuesday for the first bond backing its recovery fund, a lead manager said, an issue that marks a key step in establishing the EU as a major borrower. FILE PHOTO: ...
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