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Wall St ends lower, Treasury yields slide as data fuels recession jitters

By Stephen Culp NEW YORK (Reuters) – U.S. stocks lost ground on Wednesday and Treasury yields extended their decline as a batch of data fueled worries that restrictive central bank policies could push the global economy into recession. The S&P 500 closed in negative territory, and megacap momentum stocks dragged the tech-heavy Nasdaq down more …

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Roller coaster March puts macro hedge funds in red, others post small gains

By Carolina Mandl and Svea Herbst-Bayliss NEW YORK (Reuters) -Big market swings in March sparked by a banking crisis hurt some hedge fund returns with global macro firm Rokos Capital Management reporting double digit losses. Firms that concentrate on stocks, however, rode a late month market rally to small gains, according to investors and industry …

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‘Operation Cookie Monster’: International police action seizes dark web market

By Michael Holden, James Pearson and Christopher Bing WASHINGTON/LONDON (Reuters) -International law enforcement agencies have seized a sprawling dark web marketplace popular with cybercriminals, Britain’s National Crime Agency (NCA) said on Wednesday, in a multinational crackdown dubbed “Operation Cookie Monster.” A banner plastered across Genesis Market’s site late on Tuesday said domains belonging to the …

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Goldman Sachs fined $3 million by FINRA over mismarking short sale orders

NEW YORK (Reuters) – The Financial Industry Regulatory Authority, Wall Street’s self-funded watchdog, fined Goldman Sachs Inc $3 million on Tuesday for mistakenly marking some of its stock orders as “long” instead of “short”, and for trade reporting violations. From October 2015 to April 2018, Goldman mismarked around 60 million short sale orders totaling more …

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Coronation roles for Prince George, Camilla’s grandchildren, says Buckingham Palace

LONDON (Reuters) -King Charles’s grandson Prince George and the grandchildren of the Queen Consort Camilla will play major roles in the coronation of the British monarch next month, Buckingham Palace confirmed on Tuesday. George, 9, the eldest son of heir to the throne Prince William, will be one of the king’s four pages of honour …

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Oil steadies as economic fears counter OPEC+ cuts, US stock draw

By Laura Sanicola (Reuters) – Oil prices settled largely unchanged on Wednesday, despite greater-than-expected draws in U.S. crude and fuel stockpiles, as the market weighed worsening economic prospects against expectations of U.S. crude inventory declines and plans by OPEC+ producers to reduce output. Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a …

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US dollar rises after days of losses, but weak outlook intact

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar advanced on Wednesday, recovering from two-month lows hit the previous session, as investors lightened their short positions to book profits ahead of the all-important U.S. non-farm payrolls report on Friday. The underlying trend though for the dollar remained tilted to the downside and Wednesday’s U.S. private …

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Husband of ex-Scottish leader Sturgeon quizzed by police in SNP funding probe

By Russell Cheyne and Andrew MacAskill GLASGOW (Reuters) -The husband of former Scottish leader Nicola Sturgeon was held by police on Wednesday as part of an investigation into the funding of the governing pro-independence Scottish National Party before later being released without charge. Police Scotland said a 58-year-old man had been arrested at 0645 GMT …

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