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Wall St ends sharply higher on optimism ahead of key inflation report

CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains Indices: Dow up 0.8%, S&P 500 up 1.3%, Nasdaq up 1.8% NEW YORK, Jan 11 (Reuters) – U.S. stocks ended sharply higher on Wednesday, with the S&P 500 and Nasdaq each gaining more than 1% as investors were bullish ahead …

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Oil gains 2% on optimism over global economy, despite surprise U.S. crude build

NEW YORK, Jan 11 (Reuters) – Oil prices rose 2% on Wednesday to a week-long high as hopes for an improving global economic outlook and concerns over the impact of sanctions on the Russian crude production outweighed a surprise massive increase in US crude inventories. . Brent crude futures rose $1.67, or 2.1%, to $81.77 …

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Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, bringing in trainers from abroad and considering ideas such as buying roofs and electrical repair shops just to hire their workers as companies try to overcome a labor shortage that threatens to derail President Joe Biden’s climate change agenda. The Cut …

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Wall Street rises as Fed’s Powell avoids monetary policy outlook

Broadcom stumbles upon report of Apple’s plan to replace chip Indices up: Dow 0.08%, S&P 0.07%, Nasdaq 0.16% Jan 10 (Reuters) – Major Wall Street indexes rose on Tuesday as Federal Reserve Chairman Jerome Powell avoided commenting on the outlook for monetary policy, with focus on an upcoming inflation reading scheduled for later this week. …

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Powell: Fed needs independence to fight inflation, should avoid social policy

STOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that climate change that go beyond its mandate established by Congress, Fed Chairman Jerome Powell said on Tuesday. . “Restoring price stability when inflation is high …

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Asian stocks plunge on Fed hawkish remarks; the risk of recession weighs on commodities, oil

HONG KONG, Jan 10 (Reuters) – Asian stocks fell on Tuesday, commodities lost recent gains from reopening China and oil traded lower following hawkish comments from two Reserve officials federal government overnight as investors turned cautious ahead of key inflation data. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 0.17%. “The main theme …

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Microsoft in talks to invest $10 billion in ChatGPT owner -Semafor

Jan 9 (Reuters) – Microsoft Corp (MSFT.O) is in talks to invest $10 billion in OpenAI, the owner of ChatGPT, which will value the San Francisco-based company at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture capitalists and deal documents have been sent to potential investors …

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US FTC investigates Pepsi and Coca-Cola for price discrimination – Reuters

Jan 9 (Reuters) – Beverage giants Coca-Cola Co (KO.N) and PepsiCo Inc (PEP.O) are under preliminary investigation by the U.S. Federal Trade Commission (FTC) over a possible price discrimination in the soft drink market, Politico reported Monday citing sources. Both companies’ pricing strategies are being reviewed under the Robinson-Patman Act, according to the report. US …

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Wait times for some Tesla models in China increase after automaker rebates

SHANGHAI, Jan 9 (Reuters) – Potential buyers of Tesla Inc (TSLA.O) in China are waiting longer for some versions of its Model Y car, suggesting the electric vehicle maker’s decision to cut prices is fueling demand on its second largest market. Tesla slashed prices by 6% to 13.5% on Friday, bringing some of its auto …

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