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Record-breaking U.S. supply is weighing on the global oil market (NYSEARCA:USO)

SlavkoSereda/iStock via Getty Images Crude oil production from the U.S. reached a new all-time high of 13.2M bbl/day in September, according to data released last week, outpacing expectations and causing a big problem for OPEC+, which…

Binance founder Changpeng Zhao must stay in the U.S. for sentencing, judge rules

A federal judge in Seattle ruled on Thursday that the founder and former CEO of Binance, who’s awaiting sentencing after pleading guilty to money laundering charges, must remain in the country. The order came after the Justice Department…

British American Tobacco writes off $32 billion on U.S. cigarette brands as tobacco alternatives…

British American Tobacco Plc is writing down some of its US cigarette brands by about £25 billion ($31.5 billion), sending shares to the biggest decline in almost four years. The maker of Lucky Strikes is taking the non-cash impairment…

The U.S. in Crypto: Domestic Chaos, Global Ambitions

In the complex realm of cryptocurrency regulation, the U.S. Treasury has boldly extended its reach, seeking expanded powers that transcend national borders. Deputy Secretary of the Treasury Wally Adeyemo's impassioned plea to Congress for…

U.S. makes COP28 splash with new methane rule, $3B pledge to help countries cut emissions

HHakim The Biden administration used the COP28 climate summit in Dubai Saturday as a platform to announce a final methane rule for U.S. oil and gas producers aimed at cracking down on methane leaks and banning routine flaring of natural…

Egg producers must pay at least $18 million in damages for price gouging in 2000s that involved…

A federal jury in Illinois ordered $17.7 million in damages — an amount tripled to more than $53 million under federal law — to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the egg supply…

Tax-loss selling, ‘Santa rally’ could sway U.S. stocks after November melt-up

By David RandallNEW YORK(Reuters) - As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called…

U.S. court ruling rejects massive class action over ‘forever chemicals’ (NYSE:MMM)

Francesco Scatena/iStock via Getty Images In a victory for 3M (NYSE:MMM), DuPont (DD), Corteva (CTVA), Chemours (CC) and other manufacturers of toxic "forever chemicals," the 6th U.S. Circuit Court of Appeals on Monday vacated a lower…

U.S. dollar listless as markets brace for post-Thanksgiving buzz By Reuters

© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Samuel Indyk and Rae Wee LONDON (Reuters) -The U.S. dollar began the last week…