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Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Micromobility operator Spin is exiting 10 U.S. markets due to a combination of weak demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, CEO of Spin, which was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that …

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Benchmark diesel's 17.4 cent drop comes amid broad market decline

Benchmark diesel’s 17.4 cent drop comes amid broad market decline

The benchmark price for most diesel surcharges has fallen the most in a week since the early days of the 2009 financial crisis, with physical markets suggesting further declines are ahead. Since October 2009, the Department of Energy/Energy Information Administration’s weekly diesel price has not fallen as much as the 17.4 cents it fell on …

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Why Monday's stock market rout should be a wake-up call for investors

Why Monday’s stock market rout should be a wake-up call for investors

Monday’s sharp selloff could be the start of the next decline in equities as a sense of complacency has taken hold in markets after a bumper October and November, several strategists told MarketWatch. In a note to clients on Monday, Jonathan Krinsky, chief technical strategist at BTIG, said US stocks were poised to fall after …

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US, EU agree to intensify talks on 'green subsidies' dispute

US, EU agree to intensify talks on ‘green subsidies’ dispute

Tennessee Rep. Mark Green reacts to China mocking America’s commitment to spending on climate change in “The Evening Edit.” The United States and the European Union agreed on Monday to intensify talks to resolve EU concerns over significant subsidies to American companies contained in a US clean energy law. Although no agreement was reached at …

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Some Meta employees claim they are not receiving promised severance pay

Some Meta employees claim they are not receiving promised severance pay

England’s Anwar Almojarkesh (L) and Alan Chalabi (R) pose for a photo at Meta (formerly Facebook) headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images A group of Meta workers who joined the company through an on-the-job training program say they receive lower severance packages than other recently …

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US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns |  CNN Business

US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | CNN Business

New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …

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“Innovation hubs” aim to address areas in difficulty.  Congress just has to fund them.

“Innovation hubs” aim to address areas in difficulty. Congress just has to fund them.

WASHINGTON — The bipartisan industrial policy legislation that President Biden signed into law this summer called for a $10 billion effort to revive economically booming regions across the country: a series of “innovation hubs” in 20 zones. metropolitan. Supporters of targeted federal efforts to revitalize troubled areas are eagerly waiting for the Commerce Department to …

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Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Texas lawmakers ask state agency to delay power market overhaul until after 2023 legislative session

Sign up for The Brief, our daily newsletter that keeps readers up to date with the most essential news from Texas. In a letter last week and at a committee meeting on Monday, Texas House and Senate lawmakers asked the Public Utilities Commission, which regulates the state’s electricity market, to suspend the planned overhaul of …

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Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the newest crypto lenders, said on Monday it would phase out its high-yield product for US customers. The move comes as Nexo’s high-yield crypto interest product has come under scrutiny as investors question the balance sheet transparency and health of crypto exchanges, particularly major lenders, amid continued industry fallout from the collapse …

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