Tag: Updated
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Trump calls TikTok a threat but says some kids could ‘go crazy’ without it
By David Shepardson WASHINGTON (Reuters) -U.S. presidential candidate Donald Trump said on Monday TikTok was a national security threat but also said a ban on the popular app would hurt some kids and only strengthen Meta Platforms’ Facebook, which the Republican has harshly criticized. Trump reiterated his concerns as lawmakers weigh a bill this week…
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Yen rises as investors eye Japan policy move; bitcoin soars to new record
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The yen drifted higher against the U.S. dollar for a fourth straight session on Monday, bolstered by an upward revision to Japan’s growth figures and expectations the Bank of Japan could exit negative rates at its policy meeting next week. In cryptocurrencies, bitcoin soared to a fresh record…
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Tesla’s German gigafactory reconnected to grid after week-long outage
By Christoph Steitz FRANKFURT (Reuters) -Tesla’s German gigafactory near Berlin has been reconnected to the electricity grid following a week-long outage caused by arson, the power firm in charge of fixing the disruption said in a statement late on Monday. The outage, which began on March 5 at the site in Gruenheide, was a result…
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Bitcoin hits record above $72,000 as demand frenzy intensifies
By Hannah Lang, Amanda Cooper and Harry Robertson WASHINGTON/LONDON (Reuters) -Bitcoin hit a record high on Monday above $72,000, as the biggest cryptocurrency’s surge showed no signs of slowing down. Bitcoin was last up 4.4% at $72,649 after reaching as high as $72,739. The world’s most valuable cryptocurrency has been boosted by a flood of…
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Stocks dip from record highs with US inflation data on deck
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks retreated for a second straight session on Monday, easing further from a record high ahead of U.S. inflation data this week which could heavily influence the Federal Reserve’s interest rate path. Stocks have hit multiple record highs this year, but declined on Friday following…
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Oil prices steady as Middle Eastern supply concerns ease
By Laila Kearney NEW YORK (Reuters) – Oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt supply and Chinese data suggested weak demand, while an increase in U.S. refining limited any selling. Brent futures for May delivery settled at $82.21 a barrel, gaining 13 cents. The…
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US leads global oil production for sixth straight year- EIA
(Reuters) – U.S. crude oil production lead global oil production for a sixth straight year, with a record breaking average production of 12.9 million barrels per day (bpd), the Energy Information Administration (EIA) said in a release on Monday. In December, U.S. crude oil production hit a new monthly record high of over 13.3 million…
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Former Trump aide Navarro ordered to report to US prison this month
WASHINGTON (Reuters) – Ex-Donald Trump adviser Peter Navarro has been ordered to report to prison this month, his lawyers said in a court filing, which could make him the first senior member of the former president’s administration to do so for efforts to overturn his 2020 defeat. Navarro, who served as Trump’s trade adviser, is…
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Donald Trump posts $91.6 million bond for E. Jean Carroll’s defamation verdict
By Jonathan Stempel and Alexandra Ulmer NEW YORK (Reuters) -Donald Trump on Friday posted a $91.6 million bond to cover the defamation verdict in favor of writer E. Jean Carroll, and began his appeal of the case that arose from his branding her a liar after she accused him of raping her decades ago. The…
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Oil dips 1%, posts weekly loss as markets weigh Chinese demand
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices closed 1% lower on Friday and fell even more for the week as markets remained wary of soft Chinese demand even as producer group OPEC+ extended supply cuts. Brent crude futures settled down 88 cents, or 1.1%, at $82.08 a barrel. U.S. West Texas Intermediate crude futures (WTI)…