Business

Amazon's 115+ best July 4th sales: Save on luggage, TVs, vacuums and more!

Amazon’s 115+ best July 4th sales: Save on luggage, TVs, vacuums and more!

The big day is here — are you ready to get your shop on? Amazon’s massive 4th of July sale is going strong, including air fryers, smart TVs, luggage and everything in between. Need to give your kitchen a refresh? How about that TV — been thinking about an upgrade? How’s your summer wardrobe looking? …

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Meta is pulling the plug on its crypto payments wallet, Novi – TechCrunch

Meta is pulling the plug on its crypto payments wallet, Novi – TechCrunch

Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi, the digital wallet payments pilot it launched last October, will be ending on on September 1. In a statement provided to CoinDesk, the tech giant …

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China's real estate crisis deepens as big Shanghai developer defaults

China’s real estate crisis deepens as big Shanghai developer defaults

Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong Kong stock exchange. The bond had no grace period for the principal, according to its offering document. China’s real estate sector has been lurching from one crisis to another since …

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‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week

‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day. The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent. After a quiet weekend, hodlers find themselves stuck in a …

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Here are the China trends investors bet money on during a sluggish few months

Here are the China trends investors bet money on during a sluggish few months

A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year among 37 sectors tracked by business database Qimingpian. In fact, the number of early-stage to …

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Stop Using the Defense Production Act and Antitrust to Fix Government-Created Problems

Stop Using the Defense Production Act and Antitrust to Fix Government-Created Problems

Democrats in Washington have a problem, and not because polls indicate they’ll be swept from power in Congress this November. They acknowledge that rapidly rising inflation combined with a mangled supply chain keeps the economy listless. And yet, the only solutions they seem capable of coming up with are using the Defense Production Act and …

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Mounting Flight Delays. Stranded Fliers. Airlines Struggle With Surging July 4 Demand.

Mounting Flight Delays. Stranded Fliers. Airlines Struggle With Surging July 4 Demand.

Air passengers across the United States faced extensive flight cancellations and delays this weekend, caused by a boom in travel demand coupled with widespread staffing shortages. From Friday through Sunday, airlines that fly within, into, or out of the United States canceled more than 1,400 flights, according to FlightAware, a flight-tracking website, stranding and angering …

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Aramco

Saudis Unwilling To Upset Putin As Biden Begs For More Crude | OilPrice.com

The world’s largest crude oil exporter, Saudi Arabia, continues to keep close ties with Russia while the top oil consumer, the United States, pleads with major producers—including the Kingdom—to boost supply to the market and help ease consumers’ pain at the pump.  While the U.S. and its Western allies are sanctioning Moscow and banning oil …

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ECB to discuss blocking banks from multibillion-euro windfall as rates rise

ECB to discuss blocking banks from multibillion-euro windfall as rates rise

The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month. The €2.2tn of subsidised loans provided by the ECB to banks helped to avert a credit crunch …

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