Wealth Growth Daily

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Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

BY Reuters  • August 26, 2024August 26, 2024
By Jonathan Stempel NEW YORK (Reuters) -Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of con[...]
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With Fed’s shift to job market risks done, policy now has to catch up

BY Reuters  • August 26, 2024August 26, 2024
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) -In 2022, when the Federal Reserve’s focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy cau[...]
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US business spending on equipment shows signs of cooling in July

BY Reuters  • August 26, 2024August 26, 2024
By Lucia Mutikani WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in bu[...]
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Exclusive-China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit, say sources

BY Reuters  • August 26, 2024August 26, 2024
By Julie Zhu HONG KONG (Reuters) -China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hai[...]
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Tech giants urge Malaysia to pause plan for social media platform licenses

BY Reuters  • August 26, 2024August 26, 2024
KUALA LUMPUR (Reuters) -An Asian industry group that includes Google, Meta and X urged Malaysia in an open letter to pause a plan that will require social media services to apply for a license, citing[...]
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Australian homeowners struggling to afford insurance as climate risks grow, report says

BY Reuters  • August 26, 2024August 26, 2024
SYDNEY (Reuters) – Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dol[...]
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Australian employees now have the right to ignore work emails, calls after hours

BY Reuters  • August 26, 2024August 26, 2024
By Lewis Jackson SYDNEY (Reuters) – Is your boss texting you on the weekend? Work email pinging long after you’ve left for home? Australian employees can now ignore those and other intrusi[...]
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German business sentiment falls in August, delaying recovery hopes

BY Reuters  • August 26, 2024August 26, 2024
By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s large[...]
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Sinopec’s H1 profit up on record output despite lower product demand

BY Reuters  • August 26, 2024August 26, 2024
By Colleen Howe BEIJING (Reuters) -China’s Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refine[...]
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