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Finance

Taylor Swift says fans will reduce high egg prices. 3 things to know

Taylor Swift attends the 65th Grammy Awards on Feb. 5, 2023 in Los Angeles. Jeff Kravitz | Filmmagic, Inc | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here, and tune in every Friday at 11 …

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Chinese IPOs are coming back to the U.S.

A handful of Chinese companies are starting to list again in the U.S. Eduardo MunozAlvarez | Corbis News | Getty Images BEIJING — Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market. Hesai Group, which sells “lidar” tech …

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SEC commissioner breaks with SEC, Gensler on crypto regulation

Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty Images Hester Peirce of the Securities and Exchange Commission publicly rebuked her agency’s apparent crypto regulation by enforcement, asking if a “hostile” regulator …

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Coinbase shares fall as SEC takes crypto staking action against Kraken

Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022.  Bryan van der Beek | Bloomberg | Getty Images Coinbase shares closed down more than 14% Thursday, after CEO Brian Armstrong voiced concern on rumors that the …

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Wall Street’s frozen market is thawing after stock rally

Wall Street just pulled off its biggest IPO in four months, giving bankers hope that the market for newly-listed company shares is stirring to life. The solar technology firm Nextracker raised $638 million by selling about 15% more shares than expected, sources told CNBC Wednesday. related investing news The listing, …

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Stablecoin giant Tether records surprise $700 million profit

Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images Tether on Thursday published its latest quarterly financials, with the world’s top stablecoin issuer stating publicly for the first time that it generated a profit.  Tether, which is owned by Hong Kong-headquarter …

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Pressure on China’s factories grows as U.S. demand falls

Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images BEIJING — For some factories in China, it’s not full steam ahead after the end of zero-Covid. All the factories …

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Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market

choja | E+ | Getty Images The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of the process told CNBC. The order book for Fremont, California-based Nextracker is “well subscribed,” …

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FTX bankruptcy fees near $20 million for 51 days of work

The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images FTX’s top bankruptcy, legal, and financial advisors have billed the company more than $19.6 million in fees for work done in 2022, according to Tuesday bankruptcy court filings. More than $10 million of that was for …

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Wholesale egg prices have ‘collapsed’ from record highs in December

Egg shelves in New York on Jan. 21, 2023 with a note apologizing to customers for the price increase. Fatih Aktas/Anadolu Agency via Getty Images Wholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store. But the dynamics of …

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