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Global Financial Hot News

U.S. oil jumps to highest since 2013, tops $109 a barrel as Russia’s war on Ukraine sparks supply fears

U.S. oil climbed to the highest level since 2013 during overnight trading Tuesday, with global benchmark Brent topping $110 per barrel as crude’s blistering rally continues. The advance comes as OPEC and its oil-producing allies, which includes Russia, prepare to meet Wednesday to discuss April’s output. West Texas Intermediate crude futures, the U.S. oil benchmark, …

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Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world

KEY POINTS Twitter co-founder and crypto advocate Jack Dorsey weighed in Friday on escalating inflation in the U.S., saying things are going to get considerably worse. “It will happen in the US soon, and so the world,” he tweeted. Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference …

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Fintech firm N26 is now worth more than Germany’s second-largest bank

N26′s logo seen displayed on a smartphone. KEY POINTS Berlin-based fintech firm N26 has raised $900 million in a new funding round led by Third Point and Coatue. The round values the eight-year-old start-up at $9 billion, higher than the market cap of Germany’s second-biggest listed bank. N26 expects it will be ready to go …

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Consumer prices rise more than expected as energy costs surge

KEY POINTS Consumer prices overall rose 0.4% in September, pushing the year-over-year gain to 5.4%. Excluding food and energy, the gain was just 0.2% and 4%, respectively. Energy and food prices climbed, while used car prices, which had been a central story in the inflation picture this year, declined. Consumer prices increased slightly more than …

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Powell Plays A Dangerous Game With Our Economy And Financial Markets

As Federal Reserve Chairman Powell addressed general society at the virtual Jackson Hole meeting, I contemplated whether he may concede that the Fed had fiercely disparaged swelling and he presently saw the need to tighten ‘crisis’ cash printing. The market was set to hear that as it was prepositioned to be short the US dollar, …

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Bridging The Digital Divide Is Key To Building Financial Inclusion

At the point when Indonesian internet business stage Bukalapak as of late did an effective $1.5 billion financial exchange posting in Jakarta, it came closely following a declaration by Singapore-based opponent Grab that it designs a posting on Nasdaq that could esteem it at up to $40 billion. The transient ascent of internet business organizations …

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