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Monthly Archives: August 2023

Democrats press Musk on ‘hostile stance’ toward independent research

Twitter unveils X logo to replace Larry the bird. Rafael Henrique | Lightrocket | Getty Images Three Democratic lawmakers are pressing Elon Musk on his social media platform’s “hostile stance” toward independent research efforts after X, formerly known as Twitter, sued a nonprofit research group that found an increase in …

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Stocks making the biggest moves premarket: MATCH, CVS, SEDG

The Match.com website is shown on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines before the bell on Wednesday. CVS Health — Shares of the retail pharmacy giant rose 1.8% premarket after the company posted strong earnings and revenue for the second …

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U.S. debt downgrade sinks global markets — but economists are not concerned

Traders work on the floor of the New York Stock Exchange, June 29, 2023. Brendan McDermid | Reuters Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top economists say there is nothing to worry about. Fitch announced late on …

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Singapore PM pledges ‘zero tolerance’ after wave of political scandals

A general view of the Central Business District and the Merlion, illuminated with a projection during the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty Images News | Getty Images Singapore’s prime minister Lee Hsien Loong vowed Wednesday to uphold “zero tolerance” toward any wrongdoing …

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‘We do not exit clients based on their lawful personal views’

HSBC’s U.K. headquarters are seen at the Canary Wharf financial district of London on July 31, 2018. Tolga Akmen | AFP | Getty Images LONDON — HSBC CEO Noel Quinn said Tuesday that the lender would not “exit a client based on their lawful personal views,” after Coutts’ termination of …

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Bank of England’s next move divides economists as data paints a mixed picture

Andrew Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, February 2, 2023.  Pool | Reuters LONDON — Market expectations are split over the Bank of England’s next monetary policy move on Wednesday, as policymakers …

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Experts explain how to protect your money

One of the key reasons renters are getting caught in the crossfire of the mortgage rates is that it is increasing rental demand, said Oliver Knight, head of residential development research at real estate firm Knight Frank. Oscar Wong | Moment | Getty Images LONDON — Mortgage rates are soaring …

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U.S. House committee flags MSCI, BlackRock for China investments

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — U.S. investments in around 50 blacklisted Chinese companies have drawn the attention of the U.S. House of Representatives Select Committee …

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CNBC’s top 200 global fintech companies: The complete list

Ugur Karakoc | E+ | Getty Images From China’s Ant Group to Sweden’s Klarna, here is the complete list of the world’s top 200 fintech companies. CNBC partnered with independent research firm Statista to establish a transparent overview of the top fintech companies. related investing news Statista analyzed over 1,500 …

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Bank of Japan BOJ douses hopes for exit from ultra-easy policy

The Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle. Deputy Governor Shinichi Ichida on Wednesday reiterated the central bank’s flexible threshold for tolerance on long-term bond yields is merely a necessary modification to sustain its ultra-easy monetary policy position. …

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