May 04, 2024 Last Updated 18:06 PM EDT
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Markets

Debt fund blocks investors from withdrawing assets, emphasizing junk-bond plunge

Avenue Focused Credit Fund is blocking its investors from withdrawing their money, which emphasizes the junk-bond decline.

News

Talks about U.S. confiscated property in Cuba begins

Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.

News

Paris Talks: All is well for India in deal, except coal line

India’s coal plans came under repeated attack from developed nations and western media during the two-week climate change conference in Paris. India mostly agrees with the Paris agreement to make a transition to renewable energy. But the inclusion of one line in the article dealing with the deal’s purpose might prove to be a big irritant in its plans to build coal-fired power plants

News

Public comments flood in as FDA seeks the meaning of “natural” in food labels

The FDA has received thousands on public comments about the use of "natural" labels on foods. The agency asks the public to comment on food labelling until February 10 next year.

News

Embarrassing Qatar Airways Debut Flight in the U.S.

Qatar Airways first flight from U.S. ended in an embarrassing failure. Its new Airbus A350 failed to take off in New York's JFK Airport on Thursday.

News

DraftKings and FanDuel got temporary reprieve after operations got suspended in New York

A Supreme Court Appellate Division judge gave daily fantasy sports giants DraftKings and FanDuel temporary reprieve to continue its operations in New York until January 4.

News

China's oil processing up as plants' operations resume

China’s crude processing surged to record high as the country’s refineries restarted producing up to 10.73 million barrels per day.

Markets

To raise money, Syria government imposes tax on Shawarma, restaurants

The Syrian government has imposed taxes on shawarma, and has imposed harsher laws on other everyday life businesses to keep economy going amidst the on-going civil war.

News

Colombian central bank hints at rate hike

The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.

News

Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break

Forty year old oil export restrictions to be lifted in exchange of tax credit conditions from the Democrats.

World

Chinese family businesses should learn from Vatican financial discrepancies

Two Italian journalists authored two books -- ‘Merchants in the Temple’ and ‘Avarice.’ These books highlighted the financial discrepancies at Vatican City. The Vatican Bank had a reputation of tax evasion and money laundering. The Vatican Pension Fund has €800-million deficit. Media reports say Chinese businesses have a lot to learn from the Vatican.

News

On-demand parking service Luxe offers subcription options

Luxe, a parking service app, now offers a subscription option for consumers who frequently use the valet parking service. Starting at $139 per month, Luxe claims that its subscription service is up to 40% cheaper that current monthly parking option.

News

Ted Cruz Campaign collects psychological data from Millions of Facebook users

US Presidential Candidate Ted Cruz collected massive psychological data from unwitting US Facebook users to boost his position in the presidential race.

World

Talks of Dow-DuPont Merger: Futuristiic Powerful Mergers Can Help to Reshape the US Corporates

The big stakes are being built in big companies by the active new investors. It will help in reshaping the US corporate structure.

News

Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Paul Smith reorganized his company after annual profits halved into the lowest levels since its 40-year existence.
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Latest Stories

Regulatory Hurdles Remain Despite Cannabis Reclassification

Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T

Forget Starbucks, This Restaurant Stock is the Next Hot Ticket

You would be better off searching elsewhere for investors seeking the type of growth that Starbucks embodied in its earlier years.

The Truth About Tipping: Are There Situations Where It’s Optional?

If you're not sure whether to tip, you might want to consider asking yourself these questions.

Investors Pull Another $51.5 Million from US Spot ETFs

Net withdrawals from spot bitcoin exchange-traded funds in the US were over $51.5 million.

Is Your Bank Safe? Hundreds of U.S. Lenders Face Potential Failure

Numerous small and regional banks throughout the United States are experiencing significant strain.

Must Read

Interest Rate Freeze: Credit Card Debt Holders Could Face Continued High Costs

The Federal Open Market Committee (FOMC) meeting of the Federal Reserve came to an end earlier today. Additionally, the Federal Reserve declared that it will not be raising its target federal funds rate.

Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment

Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.

Inflation Bites as Low-Income Shoppers Skip Extras

Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.

Pennsylvania Town Named Most Affordable Place to Retire

Most people probably have no concept what the perfect little town in America is like to retire to.

Side Hustle Tips: A Beginner’s Guide to Becoming Successful

As per Gusto's 2024 New Business Formation Report, 44% of those who launched a business in 2023 did so while employed, a rise from 27% in 2022.

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