Breaking News
Dec 22, 2022
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Russian Ural oil price drops below $55 a barrel, a new low since 2021, and lower than a $60 a barrel price cap imposed by the European Union, G7 and Australia.
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The S&P 500 index drops 2.8% and the Nasdaq plunges 3.6% after tech stocks and rate sensitive stocks accelerated declines.
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Micron Technology plans to trim its workforce by 10% and halt bonuses in 2023 after demand for memory chips sharply weakened in the last few weeks.
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FTX founder Sam Bankman Fried will be released on $250 million bail after a deal between federal prosecutors and defense attorneys approved by a New York federal judge.
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Tesla Inc stock plunged 9% after the company offered a $7,500 discount for the U.S. delivery of Model 3 and Model Y with free 10,000 mile supercharging.
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The U.S. Senate approved a $1.7 trillion bill which includes sharply higher $858 billion in defense spending and $772.5 billion for discretionary programs, later today to be approved by the House.
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Airlines cancel nearly 2,000 flights as arctic blast is expected to sweep much of the nation during holiday weekend dumping feet of snow, snarling traffic and dropping temperatures to bitter cold.
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The U.S. current account deficit shrank 9.1% to $217.1 billion in the third quarter from a revised $238.7 billion in the second. The deficit, the smallest in a year, fell to 3.4% from 3.8% of GDP.
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Crude oil futures jumped 2.5% to $77.85 a barrel after the U.S. inventories declined 3.1 million barrels last week from the 7.8 million barrels increase in the previous week, the API reported Tuesday.
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Dutch front-month natural gas futures extended losses and dropped to one-month low and below
Dec 21, 2022