Amazon Scores Victory In $300-Million Tax Appeal
The European Union general court decided in favor of online retail giant Amazon.com Inc. regarding its $300-million (250 million euros) tax appeal, according to CNBC. The European Commission ordered Amazon...
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India Calls On Chinese Government To Step In And Keep COVID-19 Supply Prices Stable
India's representative in Hong Kong Priyanka Chauhan said the Chinese government could intervene in the rising prices of supplies connected to COVID-19, the SCMP reported. Chauhan said India believes the...
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American Credit-Card Balances Drop as Consumers Reduce Spending
U.S. credit-card balances posted a double-digit year-on-year drop in March in line with the recent decline in spending, the WSJ reported. Credit card balances fell 14.5% year-on-year to $749 billion...
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Cathie Wood Undisturbed By Drop In ARKK ETF. Says Only Price Has Changed
ARK Investment Management LLC Chief Executive Cathie Wood remains unperturbed by the decline of the innovation exchange-traded fund, MarketWatch reported. "I love this setup," Wood said in an interview with...
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Benson Hill Takes on $2 Billion Deal for Initial Public Offering
Plant-growing tech firm Benson Hill has agreed to merge with special-purpose acquisition company Star Peak Corp. II to go public, according to the WSJ. The merger is valued at $2...
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Why Funding Risks At Domestic Banks Remain Low
Vulnerabilities from liquidity and maturity mismatches continue to be at a low level, the Federal Reserve said in its latest Financial Stability Report. For most domestic banks, liquidity ratios surpassed...
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China Dubbed ‘Pollution King’ as Emissions Surpass the Rest of the Developed World Altogether
China's gas emissions climbed to 14.09 billion tons of carbon dioxide equivalent in 2019, Bloomberg reported. Based on data from climate research firm Rhodium Group, China's emissions surpass that of...
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Lumber Futures Carve Record High As Home Building Causes Shortage
U.S. lumber futures rallied further to hit new record highs above $1,500 on Wednesday as home building and renovations caused a shortage, Bloomberg reported. July lumber futures on the Chicago...
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Investors Worry About Possible Rate Hike As Yellen, Buffet, El-Erian Speak On Inflation
Wall Street posted declines after comments of Treasury Secretary Janet Yellen, Warren Buffet, and Mohamed El-Erian regarding inflation, describes Markets Insider. Yellen on Tuesday said interest rates will have to...
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French Biotech Valneva Could Be The First To Offer Inactivated COVID-19 Vaccines In Europe
French biotech firm Valneva SE is developing a vaccine that could be more variant-proof against mutations of the coronavirus disease 2019, Bloomberg reported. Valneva is so far the only manufacturer...
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Global Equities Widely Seen To Recover From Recent Lull – Barclays, UBS
Global equities are likely to continue their rally and break out of the recent lull as downside risks are only transitory, analysts told CNBC. UBS Global Wealth Management Chief Investment...
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Facebook Profits Surge in First Quarter Earnings. Capex Lowered to up to $21 Billion
Social media giant Facebook Inc. reported a 94% increase in its net income for the first quarter, the company announced in its earnings report. Net income rose to $9.497 billion...
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