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Comcast Corp (CMCSA.O) and Johnson & Johnson (JNJ.N) on Wednesday unveiled buybacks worth billions of dollars as they joined a rush of U.S. companies seeking to avoid a new tax on such repurchases. The $430 billion Inflation Reduction Act imposes Read more
Russian consumer prices fell for a 10th straight week, led by a drop in prices for some staple vegetables, data showed on Wednesday, just two days before the central bank is expected to trim interest rates for the sixth time Read more
U.S. producer prices fell for a second straight month in August as the cost of gasoline declined further, resulting in the smallest annual increase in a year, which could allay fears of inflation becoming entrenched. The report from the Labor Read more
U.S. crude stocks and distillate inventories rose more than expected in the most recent week, while fuel demand remained below last year’s levels, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 2.4 million barrels in the Read more
Stellantis NV is considering “significant” investments to produce energy for its European facilities as part of its response to the threat of the cut-off of natural gas supplies from Russia, the automaker’s chief executive said on Wednesday. “We are now Read more
Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it broke competition rules and fined it a record 4.1 billion euros, in a move that may encourage other regulators to ratchet Read more
Slowing economic growth is pushing up global debt levels, especially in emerging markets, the Institute of International Finance (IIF) said on Wednesday, warning of a significant rise in corporate bankruptcies ahead. The global debt-to-GDP ratio – a widely used measure Read more