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EXCLUSIVE Moscow sets out strict new controls on foreigners trading Russian assets

EXCLUSIVE Moscow sets out strict new controls on foreigners trading Russian assets

Steam rises from chimneys of a heating power plan over the skyline of central Moscow, Russia November 23, 2020. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register Russia temporarily stopped foreigners selling assets Foreigners now need to provide details before trading Applications for permits must be made in Russian language LONDON/NEW …

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Skyrocketing inflation is taking a big bite out of worker paychecks

Skyrocketing inflation is taking a big bite out of worker paychecks

Making more money is great, but it doesn’t mean as much if you are having a harder time making ends meet. Although wages are rising, the prices consumers must pay for goods and services are rising faster — notching a new 40-year high in February. As a result, real inflation-adjusted average hourly earnings for the …

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Maserati unveils new luxury EV lineup, commits to going fully electric by 2030

Maserati unveils new luxury EV lineup, commits to going fully electric by 2030

Italian luxury automaker Maserati announced an all-electric range of vehicles called Folgore, including a next-generation GranTurismo sports coupe, an electric version of the best-selling Levante, the all-new Grecale SUV, and several other luxury sports cars and convertibles. The company said it would offer electric versions of all of its models by 2025 and shift to …

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Hydrow raises millions as at-home fitness industry faces post-Covid reckoning

Hydrow raises millions as at-home fitness industry faces post-Covid reckoning

Hydrow, maker of a $2,500 connected rowing machine, said Thursday it has landed another $55 million in funding to fuel its growth while the at-home fitness industry undergoes a shakeout as consumers return to gyms after two years of Covid-related lockdowns and restrictions. The Series D round brings its total funding to date to more …

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Mortgage rates rise above 4% for the first time since 2019

Mortgage rates rise above 4% for the first time since 2019

Rates climbed as the Federal Reserve moved to curb soaring inflation. On Wednesday, the central bank announced it would raise interest rates for the first time since 2018. The action marks the end of the Fed’s pandemic-era policy. The federal funds rate now stands at 0.25-0.5%. Mortgage rates are not directly tied to the federal …

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Netflix customers mad over plan to charge for password sharing

Netflix customers mad over plan to charge for password sharing

More like Netflix and bill. The days of freeloading off a friend’s Netflix account could soon be over: As part of an ongoing campaign to crack down on rampant password sharing, the California-based streaming giant unveiled plans to charge primary account holders extra for users outside their households. “For the last year, we’ve been working …

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Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic

Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic

Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the company’s …

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City of Santa Barbara, California may declare Chick-fil-A a "public nuisance"

City of Santa Barbara, California may declare Chick-fil-A a “public nuisance”

Chick-fil-A is causing some squawking in southern California, one of multiple locations across the US where the fast-food chain is finding itself to be a victim of its own success. In Santa Barbara, the city is close to dubbing its sole Chick-fil-A a “public nuisance” due to long drive-thru lines that often has cars filled …

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Dollar General, Accenture, Warby Parker and others

Dollar General, Accenture, Warby Parker and others

Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised …

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Free gas in Chicago available at select locations thanks to businessman Willie Wilson, including at 7201 N Clark, 2800 S Kedzie

Free gas in Chicago available at select locations thanks to businessman Willie Wilson, including at 7201 N Clark, 2800 S Kedzie

CHICAGO (WLS) — Millionaire businessman and ex-mayoral candidate Willie Wilson is donating $200,000 worth of free gas Thursday across Chicago. In a news release, Wilson said starting at 7 am, each vehicle at participating gas stations will get $50 in gas until $200,000 is exhausted, as residents struggle with high gas prices. RELATED: What you …

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