(Reuters) – The Federal Reserve may need to raise interest rates to a higher level and hold them there for longer in order to successfully moderate consumer demand and bring down high inflation[...]
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Economy
Digital Currency Group owes $575 million to Genesis Trading’s crypto lending arm
By Hannah Lang (Reuters) – Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis’ crypto lendi[...]
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Biggest U.S. rail union digs in on paid sick time, raising threat of strike
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) – Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibi[...]
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Crypto lender Genesis hires restructuring adviser – New York Times
(Reuters) – Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York Times reported[...]
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Dollar slips as investors tiptoe back into riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China[...]
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Oil rises 1% as OPEC+ focus on supply cuts outweighs recession concerns
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose about 1% on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market.[...]
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Mexico headline inflation seen easing in early November, core inflation up: Reuters Poll
MEXICO CITY (Reuters) – Mexico’s annual headline inflation is forecast to have eased in the first half of November but to have stayed well above official targets, a Reuters poll showed Tue[...]
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New Biden rule allows socially conscious investing by retirement plans
By Daniel Wiessner (Reuters) – President Joe Biden’s administration on Tuesday reversed restrictions imposed under his predecessor Donald Trump on retirement plans considering environmenta[...]
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Brazil boosts forecast for 2022 budget surplus forecast to $4 billion
BRASILIA (Reuters) -Brazil’s government on Tuesday boosted its projection for this year’s fiscal surplus, which will be the first since 2013, thanks to more upward revisions in federal rev[...]
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