By Dan Burns (Reuters) – Annual price growth in the increasingly fragile U.S. housing market slid into the single digits in October for the first time in about two years when mortgage rates that[...]
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Economy
U.S. probes how $370 million vanished in hack after FTX bankruptcy – Bloomberg News
(Reuters) – Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported[...]
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Oil steady as U.S. output ramps up after freeze, China eases COVID curbs
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were steady after hitting a three-week high on Tuesday as restarts at some U.S. energy plants shut by winter storms offset gains stemming from hopes[...]
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Dollar flat as investors digest China’s loosening of COVID rules
By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers – a major step in reopening its bord[...]
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European shares end higher on China recovery optimism
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -European shares closed a touch higher on Tuesday as China relaxing its COVID-19 curbs more raised hopes of a recovery in the world’s secon[...]
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Spain announces $10.6 billion package to ease inflation pain
MADRID (Reuters) -Spain on Tuesday announced 10 billion euros ($10.65 billion) worth of measures to ease the pain of inflation in the third major package this year, bringing total aid to 45 billion eu[...]
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Analysis-Wood’s ARK slammed by higher interest rates in 2022 along with other growth funds
By David Randall NEW YORK (Reuters) -Cathie Wood’s ARK Innovation Fund, which more than doubled during the pandemic rally, is on pace to finish near the very bottom of all U.S. mutual funds in 2022 af[...]
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Russian rouble slumps around 3% vs dollar as sanctions weigh
By Alexander Marrow MOSCOW (Reuters) -The rouble dived around 3% against the dollar on Tuesday, failing to consolidate a recovery from last week’s slide as the market comes to terms with the pro[...]
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Subdued consumer demand one of Russia’s key economic challenges -deputy PM
MOSCOW (Reuters) – Fostering a recovery in consumer demand and helping the corporate sector become profitable are the biggest tasks for the Russian government to address in 2023, First Deputy Pr[...]
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