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US labor market shrugs off recession fears; keeps Fed on tightening path

US labor market shrugs off recession fears; keeps Fed on tightening path Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; attendance rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages, shrugging off mounting worries …

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Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. …

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Elon Musk starts Twitter poll on whether to bring back Trump

Elon Musk starts Twitter poll on whether to bring back Trump Nov 18 (Reuters) – Elon Musk started a Twitter poll late on Friday asking followers to vote on whether to reinstate former US President Donald Trump’s account on the platform, with early results showing roughly 60% voting yes. “Vox Populi, Vox Dei,” Musk tweeted, …

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Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange

Exclusive: How FTX bought its way to become the ‘most regulated’ crypto exchange FTX bought a 10% stake in IEX with an option to acquire 100% FTX spent $2 billion on ‘acquisitions for regulatory purposes’ Documents show FTX saw its regulatory status as a way of luring new capital from major investors Nov 18 (Reuters) …

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US senator questions Ticketmaster after complaints about Taylor Swift sales

US senator questions Ticketmaster after complaints about Taylor Swift sales LOS ANGELES/WASHINGTON, Nov 17 (Reuters) – Ticketmaster faced questions on Thursday from a Democratic US senator over its sales practices, two days after Taylor Swift fans complained about website outages and long waits to buy tickets to her upcoming US tour. In a letter to …

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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto Nov 10 (Reuters) – (This story contains language some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked up.” …

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Wall Street ends higher than investors eye US midterms

Wall Street ends higher than investors eye US midterms Take-Two, Lyft slump on downbeat forecasts Amgen climbs on cholesterol drug data Indexes: S&P 500 +0.56%, Nasdaq +0.49%, Dow +1.02% Nov 8 (Reuters) – Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the US Congress, with investors betting …

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Exclusive: Nvidia offers new advanced chip for China that meets US export controls

Exclusive: Nvidia offers new advanced chip for China that meets US export controls OAKLAND, Calif., Nov 7 (Reuters) – US chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China’s hands, the company confirmed on Monday. Nvidia responded …

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