Tag: US

$ 922 Million Divorce Sale Makes Macklowe Art Collection Most Valuable Ever

(Bloomberg) – A multi-year saga came to a close on Monday night at Sotheby’s New York, where the final tranche of artworks from the divorced octogenarians Harry and Linda Macklowe brought in $ 246.1 million. Together with the $ 676 million auction of the first batch of their collection last November, the former spouses’ 65…

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Oil Steadies After Four-Day Surge as US Product Markets Run Hot

Track the latest oil prices here. .

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Boots Suitors Get More Time to Bid for £ 7 Billion Pharmacy Chain

The company plans to allow suitors a few extra days to firm up their bids, the people said, asking not to be identified because the information is private. Walgreens had initially requested binding offers by May 16 for the business, which includes the Boots chain in the UK, but is now expected to receive proposals…

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Fed’s Master Backs Half-Point Rate Hikes in June and July

“If by the September FOMC meeting, the monthly readings on inflation provide compelling evidence that inflation is moving down, then the pace of rate increases could slow, but if inflation has failed to moderate, then a faster pace of rate increases may be necessary, Master said. .

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Apple Testing iPhones That Ditch Lightning Ports in Favor of USB-C

Apple is planning to retain the Lightning connector for this year’s new models. .

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US Producer Prices Rise More Than Forecast in Sign of Persistent Inflation

The data, while moderating somewhat from March, suggest persistent inflation in the production pipeline will continue to filter through to consumer prices, which also slowed from the prior month. Producers are likely to continue facing higher costs as Russia’s war in Ukraine and covid-related lockdowns in China further strain supply chains, adding to the probability…

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