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Report: U.S. Officials Investigating Crypto Exchange Binance Amid Market’s Massive Boom
Topline The Department of Justice and Internal Revenue Service have reportedly opened an investigation into cryptocurrency exchange Binance, heightening tensions…
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Ethereum’s creator is sending funds to India to combat Covid-19
Vitalik Buterin, co-creator of the crypto network Ethereum, donated more than $1bn on 12 May to a relief fund to combat…
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Inflation Is Here. What Now?
The central fact of the American economy in mid-2021 is that demand for all sorts of goods and services has…
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As Trillions Flow Out the Door, Stimulus Oversight Faces Challenges
WASHINGTON — Lawmakers have unleashed more than $5 trillion in relief aid over the past year to help businesses and…
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Amundi pulls Spac holdings on ‘pricey’ valuation fears: ‘We have been smart enough to exit’
Amundi, Europe’s largest asset manager, has roughly halved its exposure to so-called blank-cheque companies, claiming the fast-growing sector, which has…
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NFT gold rush sees platforms boom as Jay-Z, Mark Cuban pile in
As non-fungible tokens, or NFTs, burst into the mainstream, so too have the marketplaces that host their sales. The race…
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Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into…
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City fintech GoCardless reveals 90-day work from abroad policy
Staff at London fintech firm GoCardless will soon be able to spend up to 90 days per year working from…
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World’s Most Vaccinated Nation Is Spooked by Covid Spike
Marie Neige, a call center operator in Seychelles, was eager to be vaccinated. Like the majority of the residents in…
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Why everybody is stressing out about rare earth metals — podcast
Breadcrumb Trail Links Transportation Renewables News Mining FP Energy Economy Autos Episode 101 of Down to Business podcast Author of…
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Covid vaccine passport goes live on an NHS app from 17 May
Travellers will be able to use the NHS app as a Covid passport from next week, according to the UK…
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Hedge fund ExodusPoint takes £26m short bet on Deliveroo
ExodusPoint Capital Management has taken up a large short position in Deliveroo, amid a difficult market debut for the UK…
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Top Lloyd’s of London exec to chair fintech body Innovate Finance
Innovate Finance, the industry body representing the UK’s fintech sector, has appointed Lloyd’s of London chief digital officer Louise Smith as its…
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Linklaters elects first female senior partner as Comiskey wins leadership race
Linklaters has elected global corporate head Aedamar Comiskey as its new senior partner, becoming just the second Magic Circle law…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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For Clean Energy, Buy American or Buy It Quick and Cheap?
In January, Patricia Fahy, a New York State legislator, was celebrating a new development project for the Port of Albany:…
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Cameron only concerned about Greensill as late as December, inquiry hears
Former Prime Minister David Cameron has said that he first became concerned that Greensill Capital might be in “serious financial…
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Junior bankers at Stifel to get a $10,000 bonus, even if they quit
Independent investment bank Stifel is offering analysts a $10,000 “appreciation” bonus, even if they have already announced their resignation, in…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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I.P.A. Signing Bonuses and Free Subs: Luring Labor as a Beach Economy Booms
REHOBOTH BEACH, Del. — Dogfish Head Craft Brewery is struggling to hire manufacturing workers for its beer factory and staff…
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Restaurants are ‘sucking wind’ but fighting back to reopen amid a worker shortage
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic…
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Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs
US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the…
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The Biden administration will begin disbursing $350 billion in state and local aid this month.
The Biden administration will begin deploying $350 billion in aid to state and local governments this month, a significant step…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Jefferies hires two Deutsche Bank veterans amid Spac boom
Jefferies has hired two senior Deutsche Bank equity dealmakers, another sign that competition for talent in the sector is heating…
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Goldman Sachs: Buy the return-to-office boom
Investors should keep their eyes on office developers as staff begin returning to the workplace, Goldman Sachs has said. The return to…
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Boutique Bacchus Capital expands into North America with veteran dealmaker hire
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening…
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Citigroup mulling crypto service for clients
US bank Citigroup is considering the introduction of cryptocurrency services as institutional interest in digital currencies increases. Itay Tuchman, the…
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Canada has bungled trade deals with India in the past. Could COVID and China finally unite the two?
Breadcrumb Trail Links News Economy Talks between the EU and India are expected to revive, which could bode well for…
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BNP Paribas hires Goldman Sachs banker Heuer to bolster ECM team
BNP Paribas hired a top Goldman Sachs equity capital markets banker as revenues in the sector continue to surge on…
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Numis plans investment bank expansion after record start to the year
City broker Numis more than doubled investment banking fees in the first half of its fiscal year as UK initial…
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David Rosenberg: Some effects of the pandemic may linger, but inflation isn’t one of them
Breadcrumb Trail Links Economy Post-summer, expect production to expand, demand growth to recede, and for all this price inflation chatter…
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Tech giants shift to hybrid working as Coinbase ditches Silicon Valley base
Tech companies are moving towards a hybrid working strategy, phasing in plans for remote working as some opt to ditch…
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Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen |…
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Promising job numbers are hiding a slow recovery for many metro areas
Employers across America’s largest metro areas added nearly 453,000 workers to their payrolls in March. This marked the largest monthly…
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Unemployment claims fell sharply last week.
Unemployment filings fell again last week as the improving public health situation and the easing of pandemic-related restrictions allowed the…
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Telegraph owner Sir Frederick Barclay ordered to pay £100m in divorce proceedings
Sir Frederick Barclay has been ordered to pay his wife Lady Hiroko Barclay a total of £100m as part of divorce proceedings, newly…
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Be sceptical of fads — operate within your circle of competence
As the old joke goes, St Peter had some bad news for an oil prospector who appeared at the pearly…
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Credit Suisse, Morgan Stanley review credit lines to hedge funds, family offices post Archegos
Banks across Wall Street are looking to tighten the lending terms of some of their hedge-fund clients on the heels…
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Restaurants and Bars Rush to Apply for New Federal Aid Program
WASHINGTON — A total of 186,200 restaurants, bars and other eligible businesses applied for help from a new $28.6 billion…
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Fans of the beautiful game kicked capitalism into the long grass
Europe has discovered its moral Rubicon, the frontier beyond which commodification becomes intolerable. The line in the sand that Europeans…
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Here’s how bitcoin is coming to Wall Street
Traders will soon be able to track the performance of the world’s two biggest cryptocurrencies on Wall Street, as S&P…
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Vice President Harris leading small business outreach in White House recovery plan push
Vice President Kamala Harris speaks during a listening session on broadband internet at the New Hampshire Electric Co-op in Plymouth,…
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Can the Biden Agenda Fix Middle America’s Deepest Problem?
The debate is often framed as between “people” (policies to help individuals affected by economic change) and “places” (policies aimed…
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ESG ‘fantasy’ distracts from real climate change fight, says former Blackrock insider
Breadcrumb Trail Links Transportation Renewables News FP Energy Economy Autos Episode 100 of Down to Business podcast Author of the…
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Biden’s Proposals Aim to Give Sturdier Support to the Middle Class
Skeptics have warned of government overreach and the risk that deficit spending could ignite inflation, but Mr. Biden and his…
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Trading Places: Ex-Woodford sales head joins ETF firm, former KPMG chief exec quits and Credit Suisse risk head stands down
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversee…
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Deutsche’s staff will have to agree detail of hybrid working with managers
German lender Deutsche Bank is planning to roll out a hybrid working system for its employees post-pandemic but the details…
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FCA mulls lifting suspension rules to bring Spac boom to the UK
The boom in so-called blank cheque companies could finally come to the City, as the UK’s financial watchdog has proposed…
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