By Laila Kearney NEW YORK (Reuters) -Oil fell by more than $4 a barrel on Wednesday, posting the steepest percentage loss in the first two trading days of any year for over 3 decades, as investors wor[...]
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January 4, 2023
Fed officials offering less confidence reverse repo usage will shrink
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials may be starting to come to terms with the fact that massive inflows of cash into one of the central bank’s rate-control t[...]
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S&P closes higher after Fed minutes confirm inflation focus
By Sinéad Carew and Amruta Khandekar (Reuters) – The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal[...]
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Trader Joe’s is sued over lead, cadmium levels in dark chocolate
By Jonathan Stempel NEW YORK (Reuters) – Trader Joe’s was sued on Wednesday by a consumer who accused the grocery chain of misleading and endangering shoppers by selling dark chocolate tha[...]
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More U.S. consumers want EVs but prices are a concern – Deloitte survey
(Reuters) – More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer aimed to purchase gasoline-powered vehicles, a survey by consulting firm D[...]
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Inflation drives Britain’s record Christmas grocery sales
By James Davey LONDON (Reuters) – British grocery sales rose 9.4% to a record 12.8 billion pounds ($15.3 billion) in the four weeks to Dec. 25, though growth was driven by price inflation rather[...]
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Chile mining royalty bill progresses after committee approves
SANTIAGO (Reuters) – A Chilean congressional committee approved on Wednesday a controversial mining royalty bill, putting it a step closer to final approval as part of the government’s swe[...]
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Salesforce to cut 10% of workforce after hiring “too many people”
By Nivedita Balu (Reuters) -Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. The cloud-ba[...]
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Kashkari sees Fed’s target interest rate peaking at 5.4%
(Reuters) – The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis Fed President Neel Kashkari sa[...]
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