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Another Month of Big Inflation Sends Wall Street Reeling

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No surprise here—inflation continues to dominate the economic conversation. New CPI numbers showed prices rising some 7.5% in January, topping projections by .3% and “climbing at the fastest pace in 40 years and more quickly...more

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Financial Daily Dose 11.18.2021 | Top Story: FTC Considers Oil and Gas Industry Probe Over Price Bumps

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With gas prices on the rise across the United States, the White House is urging the Federal Trade Commission to investigate whether “illegal conduct” by “large oil and gas companies is pushing up . . . prices for American...more

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Financial Daily Dose 11.10.2021 | Top Story: Google Loses Appeal of EU’s $2.8B Antitrust Fine

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In a blow to Google and the rest of Big Tech, an EU appeals court has refused to “overturn a landmark antitrust ruling by European regulators” from 2017 over Google’s alleged “preferential treatment to its own...more

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Financial Daily Dose 11.3.2021 | Top Story Facebook Shuts Down Decade Old Facial Recognition System

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Prompted by concerns over privacy, “government investigation, a class-action lawsuit and regulatory woes,” Facebook is planning to “shut down its decade-old facial recognition system this month, deleting the face scan data of...more

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Financial Daily Dose 11.2.2021 | Top Story: Electric-Truck Maker Rivian to Seek $60B Market Value in Coming IPO

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E-truck maker Rivian Automotive, the Amazon- and Ford-backed startup that’s “received roughly $10.5 billion since the start of 2019” as a private company, is seeking a valuation of “just above $60 billion in its initial...more

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Financial Daily Dose 10.19.2021 | Top Story: SEC Issues Long-Awaited Report on Meme Stock Craze

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The SEC was out Monday with a long-awaited report on the meme-stock frenzy that helped propel GameStop and a handful of other “little-regarded” companies to meteoric rises in the depths of our first Covid winter. The report,...more

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