President Donald Trump’s move to relax federal marijuana regulations has been welcomed by the US cannabis industry, but it has not changed the sector’s most persistent challenge.Access to mainstream banking remains limited, even as regulatory…
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Investing
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European policymakers, global markets, and Washington delivered a flurry of closely watched developments on Friday that underscored shifting geopolitical and financial dynamics. From a major European Union funding commitment to Ukraine, to a breakthrough deal…
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Billionaire Gautam Adani’s conglomerate plans to invest more than $11 billion in its airports business by the end of the decade, as it looks to expand its footprint across India’s aviation sector, bid for new…
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Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday.The…
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Italy’s competition authority has formally closed investigations into four major electric vehicle makers after securing commitments to improve how consumer information is presented. The probes targeted BYD, Tesla, Stellantis, and Volkswagen over concerns that buyers…
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Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its shares down more than 10% in premarket trading, as investors focused on mounting pressure from…
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Global investors may be witnessing a historic turning point in how the world views US financial assets, according to Ron Temple, chief market strategist at Lazard.In a recent CNBC interview, Temple argued that 2025 marks…
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US nonfarm payrolls rose by 64,000 in November, beating forecasts but revealing deeper cracks in the labor market that sent Bitcoin briefly slipping below the mid-$86,000 area. While the headline jobs number was better than the…
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Warner Bros Discovery Inc. is preparing to recommend that shareholders reject Paramount Global’s $108 billion hostile takeover offer, with the board debating terms that question the strength of financial backing from Larry Ellison, according to…
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OpenAI is in early-stage discussions to raise at least $10 billion from Amazon.com Inc., a move that could significantly deepen ties between the ChatGPT maker and the world’s largest cloud-computing provider, reported Information. The talks…