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U.S. new vehicle prices to hit record high despite rising interest rates

U.S. new vehicle prices are expected to hit a record high in August on the back of strong demand despite rising interest rates, an industry report showed on Wednesday. Average

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Twitter staff exodus accelerates amid Musk battle, whistleblower complaint

Twitter Inc (TWTR.N) is facing more employee departures, company executives told staff on Wednesday, as leaders sought to address multiple challenges, including whistleblower allegations and a legal battle with billionaire

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U.S. bond yields, dollar turn the screw on Asia

A look at the day ahead in Asian markets from Jamie McGeever An interest rate decision in South Korea grabs the spotlight in Asia on Thursday, as wider market sentiment

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Judge rejects Revlon shareholders’ demand for a bankruptcy equity committee

A U.S. bankruptcy judge on Wednesday declined to appoint an equity committee in Revlon Inc’s (REV.N) bankruptcy, rejecting a minority shareholder demand for a greater say in the cosmetics company’s

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Oil ends higher on U.S. response to Iran nuclear deal comments

Oil prices ended Wednesday higher after a volatile trading session on concerns that the United States will not consider additional concessions to Iran in its response to a draft agreement

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U.S. job growth through March revised higher

The U.S. economy likely created 462,000 more jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday. The reading is

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Dollar gains, Fed’s Powell expected to remain hawkish

The dollar gained against a basket of currencies on Wednesday, holding near a 20-year high as investors waited for a Friday speech by the Federal Reserve chairman for fresh clues

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