By Hari Kishan BENGALURU (Reuters) -High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher t[...]
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NEWSLETTER
Elon Musk’s X launches two new premium subscription plans
(Reuters) – Elon Musk’s social media platform X, formerly known as Twitter, rolled out two new subscription plans on Friday, including a Premium+ tier for users willing to pay for an ad-fr[...]
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Merck quarterly profit tops expectations on COVID pill surprise
By Michael Erman (Reuters) -Merck & Co on Thursday reported higher-than-expected third-quarter results on surprisingly strong demand for its COVID-19 treatment, primarily in Japan, and raised its[...]
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US Fed proposes shrinking fees banks charge on debit card transactions
By Pete Schroeder and Siddharth Cavale WASHINGTON (Reuters) -The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called “swipe fees” banks can charge[...]
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Delaware court will not seek to set minimum price in Citgo auction
By Marianna Parraga HOUSTON (Reuters) -The U.S. federal court officer overseeing an auction of shares in oil refiner Citgo Petroleum’s parent to pay Venezuela-linked creditors said on Monday he[...]
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Goldman Sachs Asset Management raises $4 billion for infrastructure deals
(Reuters) – Goldman Sachs Asset Management has raised $4 billion for a new fund to invest in infrastructure assets globally, including energy transition, transport and logistics, the company sai[...]
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Oil drops after Hamas releases US hostages
By Shariq Khan BENGALURU (Reuters) -Oil prices settled lower on Friday after the Islamist group Hamas released two U.S. hostages from Gaza, leading to hopes the Israeli-Palestinian crisis could de-esc[...]
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AT&T lifts free cash flow target as subscriber additions top estimates
By Samrhitha A (Reuters) -U.S. wireless carrier AT&T raised its annual free cash flow forecast on Thursday as promotions and phone upgrades boosted subscriber additions that trounced third-quarter[...]
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Nvidia details advanced AI chips blocked by new export controls
By Max A. Cherney and Stephen Nellis (Reuters) -Nvidia said on Tuesday that new U.S. export restrictions will block sales of two high-end artificial intelligence chips it created for the Chinese marke[...]
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