By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood’s Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp on Thursday as shares in the f[...]
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January 6, 2023
Whiplash: energy markets start 2023 with biggest weekly dive in years
By Stephanie Kelly NEW YORK (Reuters) – Energy futures for crude oil, refined products and natural gas have plummeted in the new year as traders reconsidered near-term worries over cold weather[...]
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Hermes expands in Nanjing as luxury industry bets on Chinese return
By Mimosa Spencer PARIS (Reuters) – Birkin bag maker Hermes is opening a new, enlarged store in China’s Nanjing city, signalling the luxury industry’s confidence in a strong return o[...]
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U.S. service sector contracts in December, price increases slow – ISM survey
WASHINGTON (Reuters) – U.S. services industry activity contracted for the first time in more than 2-1/2 years in December amid weakening demand, while the pace of increase in prices paid by busi[...]
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Germany tells Musk it expects Twitter to fight disinformation
BERLIN (Reuters) – Germany’s digital minister recently met Elon Musk to clarify what Berlin expects from Twitter, especially in fighting disinformation, since the Tesla founder took over t[...]
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Fed’s ‘inclusive’ jobs promise hits inflation control reality
By Howard Schneider WASHINGTON (Reuters) -Aiming to fortify broad labor market gains among U.S. minority groups over the previous decade, Federal Reserve Chair Jerome Powell in 2020 engineered a histo[...]
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Canada posts hefty job gains, raising chances of another rate hike
By Ismail Shakil OTTAWA (Reuters) -The Canadian economy recorded a massive jobs gain in December and the jobless rate unexpectedly declined, according to official data released on Friday that raised t[...]
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U.S. equity funds record seventh week of outflows
(Reuters) – U.S. equity funds recorded a seventh straight week of outflows in the seven days to Jan. 4 on concerns that the Federal Reserve might continue to hike rates to tame inflationary pres[...]
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Shell LNG trading to lift quarterly profits despite output drop
By Ron Bousso LONDON (Reuters) – Earnings from Shell’s liquefied natural gas (LNG) trading operations are likely to have been significantly higher in the fourth quarter of last year despit[...]
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