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Business News

Location American Business News for 4 June 2023
Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says Grail, which makes a blood test for cancer, said a vendor's software issue caused inaccurate letters to be sent to about 400 customers last month.
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Why alternative investment funds are betting on performing credit Mutual funds have cut credit exposure after the Franklin Templeton crisis; banks and NBFCs have less flexibility.
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Renowned Investor Jim Rogers Expects Worst Bear Market in His Lifetime -- Says 'You Should Be Extremely Worried' Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he expects the next bear market to be the worst in his lifetime. "You should be extremely worried. If you’re not...
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Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007.
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EV Makers Confront the 'Nickel Pickle'

Wall Street Journal - 4 Jun 2023 15:25
EV Makers Confront the 'Nickel Pickle' Large amounts of the mineral are needed for electric car batteries, but getting it out of the ground and refining it often requires clearing rainforests and generating large amounts of carbon.
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If Jamie Dimon wants political office -- he'll need to answer about Epstein Dimon won't pull the trigger now and possibly ever because he knows being president requires running for president.
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Iran-Russia Trade Settlements Exceed 60% in National Currencies, Says Joint Chamber Chief Iran and Russia have increased cooperation and settled more than 60% of their bilateral trade in the Russian ruble and the Iranian rial, according to the chairman of Iran-Russia Joint Chamber of Commerce. The two countri...
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Bitcoin price chart flashes a bullish sign that could lead to breakouts in ADA, QNT, RNDR and RPL BTC's chart is beginning to look bullish, and ADA, QNT, RNDR and RPL could rally if Bitcoin price breaks out to the upside.
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Is Adhering To The FCAs New Consumer Duty Impossible Without The Help Of Technology? Reportedly one of the biggest-ever shake-ups of consumer finance in the UK will take place on July 31st. Customers are ready. Are financial service firms?
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XRP Price Prediction Following Huge $2 Billion Capital Surge - Can XRP Reach $10 in 2023? XRP, the digital asset associated with Ripple, has experienced a significant surge in the capital, with an influx of $2 billion. This notable increase in investment has sparked speculation about the potential price traje...
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Take a look inside the McNeal Mansion, an abandoned 10,000-square-foot home from the 1800s that nature is reclaiming The New Jersey mansion was built in 1890 and has become damaged by fires and nature over the years. But photos hint at its former grandeur.
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How Diamond Foundry Is Using Vrai To Elevate Lab-Grown Diamonds To True Luxury Diamond Foundry is expanding into the luxury jewelry market for lab-grown diamonds through its vertically-integrated business model and its DTC jewelry brand Vrai.
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The student-loan payment resumption will be "very bad for the macroeconomy" if borrowers are footing bills they can't afford, an expert told Insider.
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The stock market's new normal is a future of neverending chaos Wall Street is clinging to the past — and the yearning for the stock market's good old days is going to lose investors a lot of money.
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Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts The cuts, which took place May 23, are part of Walt Disney Chief Executive Bob Iger's previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs.
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Coinbase Expands Futures Offering, Unveils 'Institutional-Sized' Bitcoin and Ether Contracts On June 1, Coinbase revealed its plans to extend bitcoin and ether futures contracts to institutional investors through its derivatives exchange. The firm mentioned that the Coinbase Bitcoin (BTI) and Ether (ETI) futures...
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Fitch Maintains Negative Watch on US Rating Despite Debt Limit Resolution Although the U.S. has averted defaulting on its debt obligations, Fitch Ratings still has concerns about the country’s ability to repay its debt. As a result, the credit rating agency has placed the U.S. “AAA” rati...
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Ukrainian drone maker Valeriy Borovyk told CNN that his "very stealthy" drones have a range of 40 kilometers, or 25 miles.
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The Comac C919, which is positioned to compete with Boeing's 737 Max and Airbus's A320, took its first commercial flight this week, from Shanghai to Beijing
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OPEC+ on Sunday says it will maintain production at current levels, while Saudi Arabia will cut output by an additional 1 million barrels a day in July.
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Hollywood directors reach deal with studios, writers' strike continues The union representing thousands of movie and television directors reached an agreement with Hollywood studios on a three-year contract early Sunday morning. The deal ensures labour peace with directors as the writers' s...
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Lauren Boebert now says her failure to vote on the debt limit was 'a protest.' But video from that night shows her frantically running up the Capitol steps trying to make it inside in time. Rep. Lauren Boebert of Colorado failed to vote on a major bill that raised the federal debt ceiling, something she exuberantly opposed.
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