Pressure is mounting on Koch Industries, the conglomerate run by the rightwing billionaire Charles Koch, to pull out of Russia after it was revealed it was continuing to do business in Russia through three wholly-owned subsidiaries. Hundreds of companies including Coca-Cola, KPMG, McDonald’s, Netflix and Starbucks have paused operations in Russia following its invasion of […]
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Russian banks are so broke the biggest lender just got the go-ahead to issue digital assets like cryptoThe impact of sanctions and the collapse of the Russian ruble after the invasion of Ukraine has some Russian banks turning to the crypto market for a boost. Like the biggest one. That is Sberbank, Russia’s largest lender, which just received a license from the central bank to issue digital assets to clients on Thursday. […]
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Defund Big Oil? That’s not going to play in Texas – HotAirThe push to boycott oil and gas companies, including demands for financial institutions to defund Big Oil, continues to grow. The Congressional Progressive Caucus is calling for Biden to declare a national climate emergency, invoke the defense production act to increase renewable energy, end fossil fuel subsidies and reinstate crude oil export ban, and strengthen […]
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US home sales tumble; higher prices, mortgage rates eroding affordabilityA new home is seen under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Reuters.com Register Existing home sales fall 7.2% in February Median house price rises 15% to $357,300 from year ago Housing inventory drops 15.5% to […]
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Universal Boosts Metaverse Band Plans With New Bored Ape Ethereum NFTIn brief Record label Universal Music Group has purchased a Bored Ape Yacht Club NFT to create a character for its virtual band initiative, Kingship. Bored Ape NFT owners can use their images for commercial purposes, such as marketing, products, and more. Bored Ape Yacht Club NFT holders have the ability to commercialize their owned […]
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Cramer explains why veteran technical analyst Larry Williams sees a bull market for these three stocksCNBC’s Jim Cramer on Friday broke down fresh technical analysis from veteran chartist Larry Williams, whose proprietary market indicators suggest that Google-parent Alphabet, Amazon and Coca-Cola are stocks to watch for. “Right now, the charts as interpreted by Larry Williams, suggest we’ve got incredibly bullish action in Google, very good bullish action in Amazon and […]
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Volatile gold price action is here to stay as safe-haven interest ‘reignited’ – analystsEditor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold could easily make another run at $2,000 an ounce next week as the geopolitical situation is not […]
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Vimeo says it’s sorry, announces 2TB data cap and other changesVimeo has announced that it’s making some major changes to its bandwidth policy, after several creators spoke out about how the company pulled the rug out from under them by demanding large sums of money if they wanted to keep hosting their videos on the platform. The new policies replace nebulous terms with definitive ones, […]
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European stocks erase all losses since Russia invaded UkraineEuropean stocks have wiped out losses incurred since Russia invaded Ukraine last month, with large indices on both sides of the Atlantic registering their biggest weekly advances since November 2020. The regional Stoxx Europe 600 closed 0.9 per cent higher on Friday, lifting its gain this week to 5.4 per cent. The advance in recent […]
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Dow Jones Gains As Tech Stocks Charge; Warren Buffett Stock Explodes; GameStop RalliesThe Dow Jones Industrial Average gained but the Nasdaq shone brightest as tech stocks surged. Warren Buffett stocks StoneCo (STNE) exploded on a management shake-up. GameStop (GME) rallied despite a loss. Apple (AAPL) and Salesforce.com (CRM) were among the top blue chips. X A trio of names made bullish moves amid the encouraging action. Packaging […]
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