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Oil rises on optimism of quick recovery in global demand TOKYO (Reuters) - Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude.
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Bitcoin recoups some losses in Asia after plunging on Chinese crackdown HONG KONG (Reuters) -Bitcoin regained some ground on Tuesday, a day after touching a two-week low when China's central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. A representation of the ...
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The Teamsters consider a new emphasis on organizing Amazon workers. Morgan Stanley says no vaccine, no entry. · Home sales are slowing as climbing prices and a shortage of houses limit buyers. · The Federal Reserve chair says the United States needs 'more inclusive prosperity.' ...
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Brent Crude Slips After Hitting $75 For First Time in Two Years Futures give up gains to decline 34 cents to $74.56 a barrel · Russia is said to consider proposing OPEC+ output increase ...
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Powell Plays Down Inflation Though Prices Higher Than Expected Federal Reserve Chair Jerome Powell said the price increases seen in the economy recently are bigger than expected but reiterated that they will likely wane. "A pretty substantial part, or perhaps all of the overshoot in inflation comes from categories that are ...
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Bitcoin Bounces Back After Tumbling Below $30000 Threshold Such trading signals "that Bitcoin traders could find themselves in choppy waters for weeks to come," said Sean Rooney, head of research at crypto asset manager Valkyrie Investments.
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Rising Inflation Looks Less Severe Using Pre-Pandemic Comparisons As consumers deal with starkly higher prices than a year ago, the Federal Reserve has maintained its stance that high inflation, the increase in the price consumers pay for goods and services, isn't expected to last very long. The Fed tweaked its outlook and ...
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Nvidia Hedges Against Crypto Hangover With Chips Just for Miners The GeForce RTX 3080 Ti, a $1,199 graphics card, and the RTX 3070 Ti, which costs about half that amount, have had some of their capabilities deliberately stripped out. Nvidia wants them to be the ...
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Dollar pauses ahead of Fed testimony, cryptocurrencies attempt recovery LONDON, June 22 (Reuters) - The dollar paused for breath on Tuesday as traders looked to testimony from Federal Reserve Chair Jerome Powell for further guidance on the recent surprise shift in the central bank's policy outlook, while support crept back for ...
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Travelers Are Returning to the Skies. Some In-Flight Magazines Aren't. American Airlines Inc. this month announced that after 55 years in seat pockets, the latest issue of its in-flight magazine, American Way, will be its last. "The magazine will retire at the end of June 2021 and it will be bittersweet," American wrote in a statement.
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