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Investor Kyle Bass: Globalization Isn't Over, Just Don't Invest in Countries Run by Despots
The founder of Hayman Capital Management took a different view than BlackRock’s Larry Fink on the future of the idea of an interconnected global economy.
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U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves.
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China's Biggest Messaging App WeChat Suspends NFT Accounts
In China, there is no regulation around NFTs yet. Users can buy these digital collectibles from a marketplace but secondary trading is heavily restricted.
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Airlines Offer Luxury Suites, Roomier Seats in Battle for High-Paying Travelers as International Trips Return
Airlines are deploying higher-end products in hopes of capturing more revenue after two bruising pandemic years.
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Russian Troops Sabotaging Their Own Equipment and Refusing Orders in Ukraine, UK Spy Chief Says
Russian President Vladimir Putin’s advisors are scared to tell him what’s happening in Ukraine, the head of Britain’s intelligence agency has said.
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Putin's Strength Now Looks Like His Main Weakness, With People Too Loyal — Or Scared — to Challenge Him
President Vladimir Putin’s immense power has turned out to be a key weakness for the leader, with those around him seemingly too scared to tell him the truth.
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Oil Falls More Than 3% as Asia Stocks Mostly Slip; Data Shows Contraction in China Manufacturing Activity
The Biden administration is considering releasing 1 million barrels of oil per day from the strategic petroleum reserve for about six months, a source told NBC News.
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U.S. Sends 100 Killer Drones Called Switchblades to Ukraine
The American-made guided missiles are part of a new military arms package for Ukraine.
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Putin Might Be Seen as a ‘Mad Dictator' — But He Has Built Powerful Barriers to Prevent a Coup
Strategists are asking whether Russia’s invasion of Ukraine could backfire spectacularly on Putin, leaving him vulnerable to an uprising or a coup.
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EU to Pressure China at Virtual Summit Over Its Stance on Russia-Ukraine War, Sources Say
European Council President Charles Michel and European Commission President Ursula von der Leyen are speaking Friday with China’s Prime Minister Li Keqiang and Chinese President Xi Jinping.
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China Stocks Lead Gains in Asia; Shares of Evergrande's Electric Car Unit Plunge More Than 10%
Hong Kong-listed shares of China Evergrande Group’s electric vehicle unit returned to trade on Wednesday.
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Alibaba Leads $60 Million Funding Into Augmented Reality Glasses Maker Nreal in Metaverse Play
Chinese technology giants are trying to get in on the metaverse act. A collaboration with Nreal could help Alibaba expand its augmented reality capabilities.
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Aircraft Leasing Giant Casts Doubt on Renting to Russian Airlines Again After Putin Seizes Planes
Some $10 billion worth of foreign-owned jets that were leased to Russian carriers are stuck in the country.
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CDC Recommends Fourth Pfizer and Moderna Covid Vaccine Doses for People Age 50 and Older
The CDC and FDA made the decision without consulting their committees of independent vaccine experts.
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Hong Kong Faces ‘Tough Balancing Act' as It Looks to Ease Some Border Restrictions, Official Says
Hong Kong intends to ease a travel ban on flights from nine countries, including the U.S. and U.K. and Australia from April 1.
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Asia-Pacific Stocks Mostly Rise; Japan Warns Against Rapid Yen Weakening as It Hovers Near 6-Year Low
The yen was in focus for investors, after the Bank of Japan’s offer Monday to buy unlimited amounts of 10-year JGBs at 0.25%
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Recession Fears Tied to Treasury Yields Are Overblown, Canaccord's Tony Dwyer Suggests
Canaccord Genuity’s Tony Dwyer believes investors should emphasize a different yield curve to predict the stock market’s direction.
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Bill Gates and Blackrock Are Backing the Start-Up Behind Hydropanels That Make Water Out of Thin Air
Source Global is a climate startup that uses hydropanels to produce clean water out of the air. It’s backed by Bill Gates’ Breakthrough Energy Ventures.
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Chinese EV Maker Nio Delivers Its First ET7 Electric Sedans
The ET7 is one of three new Nio models expected in 2022.
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Apple Reportedly Cuts Production of Its New iPhone SE by 20%
The company reportedly aims to lower production of its iPhone SE, its first 5G capable phone costing $429, by about 2 million units to 3 million.