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Fed’s Hammack sees no need to hike rates to lower inflation at this time

NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday she does not think the U.S. central bank needs to raise interest rates to combat inflation pressures she considers too high, while acknowledging how that view might change.Despite where inflation is, moving rates up is “not … Read More »

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Airbnb third-quarter profit, revenue get a lift from strong international demand

Shares of the company rose 4.6% after the bell. The San Francisco-based company has been customizing its platform for regional audiences, adding new payment options and launching locally focused marketing campaigns.Airbnb said bookings in its expansion markets have grown twice as fast as in its core markets o … Read More »

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Featured Article

Tesla shareholders approve $878 billion pay plan for Elon Musk

SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.Shares of Tesla rose about 2% in after-hours trading. Th … Read More »

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Other Headlines

Ripple says ‘skinny’ Fed master account is attractive despite limitations

(Reuters) -Crypto giant Ripple supports the idea of a “skinny” Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks’ concerns over financial stability and competition risks, a top company executive said.”I think it’s an attractive idea, and I think it shou … Read More »

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