Month: December 2023
Russia's Lavrov claims Ukraine's Western allies are quietly shifting tactic in bid to end conflict
Russian Foreign Minister Sergey Lavrov on Thursday mentioned that Western nations are quietly changing approach about the war in Ukraine. “Some ‘calls’ begin, whispers, like, why don’t you meet with a person in Europe who would be prepared to converse, and communicate about Ukraine with out Ukraine,” Lavrov told state-owned news companies RIA Novosti and […]
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Startup bubble fueled by Fed's cheap money policy finally burst in 2023
Scooters take over SXSW in Austin, TX As the last decade came to an end, it was easy for a young engineer to hop on a Bird scooter and ride it to a nearby WeWork office, home to the hottest new crypto startup. Then came Covid. Electric scooters and coworking spaces were no longer important, […]
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Traders have religion in the Fed in 2024, see financial institution stock comeback, CNBC survey reveals
A Christmas tree stands in front of the New York Inventory Exchange (NYSE) in New York on December 1, 2023. Angela Weiss | Afp | Getty Visuals In the final CNBC’s Providing Alpha Stock Study poll of the 12 months, the 300 investors, traders and income administrators surveyed are powering Jerome Powell and the Federal […]
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Affirm's stock quintupled this year, beating all tech peers, on buy now, pay later boom
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The […]
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Biden administration's Medicare drug price negotiations will face major tests in 2024
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker | Getty Images U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024, setting the […]
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China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
Chinese smartphone company Xiaomi revealed on Dec. 28, 2023, its forthcoming electric car, the SU7 sedan. CNBC | Evelyn Cheng BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more […]
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Treasury yields increase as traders look at economic outlook
U.S. Treasury yields have been higher on Thursday as investors weighed the route forward for the economy and fiscal markets as the new 12 months nears. At 4:07 a.m. ET, the generate on the 10-yr Treasury was up by in excess of a few foundation factors to 3.8202%. The 2-yr Treasury generate was final much […]
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European marketplaces established for modest gains as world-wide shares lookup for new highs
The German share rate index DAX graph is pictured at the stock trade in Frankfurt, Germany, November 13, 2023. Staff | Reuters LONDON — European stocks are established for a higher open on Thursday as worldwide markets research for new file highs to shut out the 12 months. Britain’s FTSE 100 is found close to […]
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A slew of new conflicts could erupt in 2024, analysts say — when the planet is looking at Gaza and Ukraine
Sudanese army troopers, loyal to army main Abdel Fattah al-Burhan, sit atop a tank in the Purple Sea city of Port Sudan, on April 20, 2023. – | Afp | Getty Photographs With the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of likely “catastrophic” conflicts are heading […]
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Want to stay away from crowds though traveling? Listed here's the 'not incredibly hot' checklist for 2024
Drained of the normal sights or craving a crack from the journey herd? These five journey places may well be the getaway you are searching for. Journey journey firm Intrepid Travel’s new “Not Incredibly hot” record is out — spotlighting neglected vacation spots around the earth. The company’s yearly checklist attempts to combat overtourism by […]
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