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The delta variant has a mutation that’s worrying experts: Here’s what we know so far

A laboratory technician uses a pipette device to process samples to test for the novel coronavirus Covid-19, at Biogroup Laboratory’s lab in west London on January 21, 2021. JUSTIN TALLIS | AFP | Getty Images LONDON — A newly-discovered mutation of the delta variant is being investigated in the U.K. amid worries that it could …

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Barclays profit gets boost from deal-making, following Wall Street’s lead

In this article GSBD Barclays headquarters in London, England. Justin Solomon | CNBC Barclays reported better-than-expected third-quarter profits on Thursday, following its Wall Street rivals in receiving a significant boost from its investment banking division. The British bank reported attributable profit of £1.45 billion for the third quarter. Analysts had expected a net income of …

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SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds

Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive …

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Amazon impersonators stole $27 million in a year. Here’s how

In this article AMZN Karl Tapales | Moment | Getty Images Con artists pretending to be Amazon employees scammed Americans out of $27 million from July 2020 through June 2021, the Federal Trade Commission said Wednesday. These fraudsters were part of a “business impersonator” scam. Criminals pose as someone the consumer trusts — in this …

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Tesla will change the type of battery cells it uses in all its standard-range cars

In this article TSLA Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in …

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Stock futures inch lower in overnight trading after Dow retakes record high

Traders at the NYSE, October 1, 2021. Source: NYSE Stock futures dipped slightly in overnight trading on Wednesday after the blue-chip Dow Jones Industrial Average retook its record high amid solid corporate earnings. Dow futures fell 35 points. S&P 500 futures and Nasdaq 100 futures both traded 0.1% lower. The 30-stock average jumped about 150 …

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Why so many people hate the super-rich — but still love Elon Musk and Bill Gates, according to psychology

You might admire Bill Gates’ workhorse mentality or Elon Musk’s brazen attitude and ideas, but also feel conflicted about wealth inequality. Now, psychologists and marketing experts can explain that disconnect. The Ohio State University and Cornell University published new research on Monday showing why people tend to admire individual billionaires, but dislike the socioeconomic class …

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Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says

Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the …

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Some investors are putting more money into cryptocurrencies than stocks

Bitcoin on display. Chesnot | Getty Images Investors who are bullish on cryptocurrencies are betting more on the digital assets than stocks. In September, crypto investors put an average of $263 into accounts dedicated to coins, more than the average $250 they put in traditional brokerages during the month, according to a recent survey from …

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Spirits industry pushes for states to lower state taxes on canned cocktails to compete with beer and hard seltzer

In this article SAM BF.B Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images John Granata, co-founder of Jersey Spirits Distilling and president of the New Jersey Craft Distillers Guild, has been pushing for lower excise taxes …

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Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch

In this article BITO BTC.CM= A visual representation of bitcoin. STR | NurPhoto via Getty Images Bitcoin notched a fresh all-time high on Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed about 3% to $66,361.54 around 10:30 a.m. ET, topping a previous record …

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Op-ed: Should you use extra cash to invest or pay off debt? Here are some options

eyetoeyePIX | E+ | Getty Images A frequent question that I get asked as a financial advisor revolves around paying off debt versus investing when the opportunity arises. Typically, someone has some extra money as the result of a bonus, tax refund or some other windfall. However, as we have worked our way through the …

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Paul Tudor Jones says crypto is his preferred inflation hedge over gold right now

Billionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold. “It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold …

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Coinbase will offer customers a ‘get paid in crypto’ direct deposit option

In this article COIN Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Investing consistently in cryptocurrency just got a lot easier. In September, Coinbase announced that its users will soon be able to set up direct deposit with …

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As merchants complain of Visa’s high swipe fees, experts weigh in on the company’s role in the retail market

In this article V MA BAC Americans are increasingly using plastic to spend their money, enabling Visa to grow its dominance in the credit and debit card space. People in the U.S. spent $6.7 trillion through credit and debit cards in 2019, up 88% from 2009, according to a 2020 report by HSN Consultants. Of …

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UK doctors call for urgent return of Covid restrictions as experts monitor new mutation

Firefighter Dan Joslin wearing a face shield helps prone a Covid-19 patient as he works alongside critical care nurses in the Intensive Care Unit at Queen Alexandra Hospital in Portsmouth, southern England. ADRIAN DENNIS | AFP | Getty Images LONDON — U.K. medical professionals have issued an urgent plea to the British government to reimpose …

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