Federal Reserve Officials Reiterate Belief That Inflation Uptick Is Temporary
Officials of the U.S. Federal Reserve believe inflation could see an uptick in the coming months but reiterated that this is temporary, according to Bloomberg Quint. Governor Lael Brainard said...
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North America Semiconductor Equipment Billings Surge 49.5% In April
Semiconductor equipment billings for North America posted record growth for the fifth consecutive month in April, SEMI reported. The Equipment Market Data Subscription (EMDS) report said worldwide billings stood at...
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‘Charlie Bit My Finger’ Video To Leave YouTube After $760,000 Sale
The "Charlie bit my finger" video will be wiped off of popular video streaming site YouTube after being sold in an auction for $760,000, Forbes reported. The video was auctioned...
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Palantir Boosts Partnership With Space Force in a $32.5 Million Deal
Palantir Technologies Inc. will provide its software to the United States Space Force and Air Force for a firm-fixed-price award of $32.5 million, the company announced in a statement. The...
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Bitcoin Selloff Could Last Longer, Wall Street Strategists Say
The world's largest digital coin could continue to slide as the selloff is not yet definitively over, Bloomberg reported. For JPMorgan Chase & Co., it is still too early to...
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ETH Gains Ally in U.K. Parliament Member — Tom Tugendhat
Foreign Affairs Committee Chairman Tom Tugendhat said he was bullish on Ether rather than Bitcoin, which is currently the top digital coin across the globe. Tugendhat, in a speech, said...
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U.S. Treasury Wants to Set a 15% Floor for Global Corporate Tax Rate
Global corporate tax rates should have a bottom line of 15% be pushed higher moving forward, the United States Treasury proposed in a statement. The Treasury said the 15% rate...
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Oatly Group Prices IPO At Top End Of Range To Hit $10 Billion Valuation
Celebrity-backed oat-milk maker Oatly Group AB priced its initial public offering at the top end of its range to bring the company's valuation to $10 billion, the WSJ reported. Oatly...
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Why Hedge Funds Are Pouring More Funds Into Private Companies
Hedge funds are putting in more money in private companies as profits grow rapidly and more firms are going public, the WSJ reported. Schulte Roth & Zabel LLP Partner Jason...
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Ban On American Investments In Chinese Military-Linked Firms Pushed Back For Two Weeks
The United States has pushed back the ban on trading of stocks supposedly tied to the Chinese military, CNBC reported. The Treasury said the ban was postponed for two weeks...
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Fidelity Investments To Draw In U.S. Youth Investors With Zero Fees
Brokerage firm Fidelity Investments Inc. will allow American teens to trade stocks without account fees or commissions as part of a new service, the WSJ reported. The new service will...
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Economic Recovery Hopes Drive Banks Stocks Higher
Bank stocks are poised to hit a record year compared with the S&P 500 as investors are betting on the economic recovery to drive prices higher, the WSJ reported. The...
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