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China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing

Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance said late Thursday.

Published 17 February 2023
Categorised as Finance News

SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse

The SEC charged Terraform and its CEO, Do Kwon, with fraud, alleging that they bilked investors out of billions of dollars.

Published 16 February 2023
Categorised as Finance News

Stocks making the biggest moves after hours: DoorDash, Applied Materials, DraftKings and more

These are the stocks posting the largest moves in extended trading

Published 16 February 2023
Categorised as Finance News

IRS commissioner nominee to ‘ensure that America’s highest earners comply with tax laws.’ Here are the key takeaways from Senate hearing

Daniel Werfel, President Joe Biden’s nominee to lead the IRS, answered questions before the Senate Finance Committee this week. Here’s what to know.

Published 16 February 2023
Categorised as Finance News

Stocks making the biggest moves midday: Twilio, Tripadvisor, Boston Beer, Roku and more

These are the stocks posting the largest moves in midday trading.

Published 16 February 2023
Categorised as Finance News

Consumer debt hits record $16.9 trillion as delinquencies rise as well

Debt across all categories totaled $16.9 trillion as balances rose across all major categories.

Published 16 February 2023
Categorised as Finance News

Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase

The producer price index, a measure of what raw goods fetch on the open market, rose 0.7% in January.

Published 16 February 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Shake Shack, Virgin Galactic, Paramount and more

These are the stocks posting the largest moves premarket.

Published 16 February 2023
Categorised as Finance News

Sanctions on Russian oil are having the ‘intended effect,’ IEA says

Bans and price caps targeting Russian oil are having the “intended effect” despite surprisingly resilient exports in recent months, according to the International Energy Agency.

Published 16 February 2023
Categorised as Finance News

A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets

A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.

Published 16 February 2023
Categorised as Finance News

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