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Business

Oil prices are to see an adjustment?

Oil trade has been declining in recent weeks as conflicting data has drawn prices in different directions. But according to some, an adjustment can be made. John Kemp on Reuters noted in its weekly fund trading column, that market participants were relatively indifferent to oil futures last week, all thanks to mixed signals from industry and the media about where …

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California’s remarkable privacy law is Facebook’s next “nightmare.”

As he moves toward a boycott of the mammoth advertiser and potential federal antitrust allegations, Facebook Inc.’s chief financial officer. perhaps most concerned about California’s strict new privacy law. The California Consumer Protection Act, or CCPA, is considered the first true data privacy law and one of the strongest targets for the digital economy. Consumer advocates argue that this could …

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Citibank sent a hedge fund $ 175 million by mistake

The US banking giant filed a lawsuit in New York’s Southern District on Monday, demanding the return of funds it said were transferred by “operational error.” Citibank (° C) said in court documents that this means sending Brigade Capital about $ 1.5 million in interest payments on a loan the hedge fund has made to problematic cosmetic company Revlon (REV)Instead, …

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Here’s a new explanation for why Tesla’s stock is growing

Text size Tesla numbers are much better than expected in a few quarters. Spencer Platt / Getty Image Tesla’s stock reached $ 1,923 shortly after opening on Tuesday – another record – adding to the company’s incredible year. Shares rose 3.5 percent to $ 1,900.00 later Tuesday morning. The stock (ticker: TSLA) is approximately 350% per year so far and …

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Citigroup and Brigade Square in court over $ 900 million Flub

(Bloomberg) – LP Brigade Capital Management told a federal judge that it could not return $ 175 million that Citigroup Inc. says it paid as part of a $ 900 million mistake because the money went to other funds, while the bank says the brigade is the only one of dozens of creditors “leveled” that refused to return the money. …

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Boeing announces more layoffs amid pandemic, Max grounding – KOMO News

Boeing announces more layoffs amid pandemic, Max grounding KOMO News Boeing is offering a second voluntary dismissal package to CNBC employees Boeing will propose a second redundancy plan, CEO Calhoun sees a smaller market ahead Yahoo! votes Boeing is offering workers a second round of voluntary MarketWatch layoffs Boeing offers more voluntary buyouts as pandemic ulcers travel MSN money See …

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Amazon will add 3,500 jobs to these technical centers in the United States

FOX Business’ Grady Trimble shows how Amazon is considering turning the empty retail space into its’ Go Grocery ‘stores, possibly merging with Simon Property Group. Amazon Inc. announced on Tuesday that it plans to expand its operations and add thousands of jobs within six major U.S. technology centers across the country. E-commerce giant Jeff Bezos will add 3,500 new technology …

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