On March 22, in the broad daylight of a typically gorgeous day in Beverly Hills, thieves in hoodies and sunglasses took a sledgehammer to the plate glass window of Peter Sedghi’s boutique and furiously rummaged through the shards. In less than 90 seconds, the robbers stole more than $3 million worth of jewels. Two days…
LA’s Crime Surge Migrates to Wealthy, Whiter Zip Codes of Boldface Names
April 23, 2022
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Bank of England to Raise Rates Again in February as Inflation Surges: Reuters Poll
LONDON—The Bank of England will press ahead with its tightening cycle next month as red-hot inflation runs well ahead of target and the economic threat from the Omicron coronavirus variant should prove milder than previous mutations, a Reuters poll found. Britain’s central bank became last month the first major rate-setter to increase interest rates since…
Airbnb Revenue Surges as Countries Open Up for Vaccinated Travelers
November 5, 2021
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Airbnb Inc.’s quarterly revenue topped Wall Street expectations and the short-term home rental company said on Thursday a rebound in global travel in the last three months of the year would drive growth in 2022. International travel search volumes have been rising as countries, including the United States, start to ease pandemic-related restrictions for fully…
‘Cash Machine’ BP Boosts Share Buyback as Profit Surges
LONDON—BP added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas prices and a strong trading performance in the third quarter. Natural gas and power prices around the world surged this autumn as tight gas supplies collided with…
US Demand for Oil Surges, Depleting Tanks in Oklahoma
October 27, 2021
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NEW YORK—Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months. U.S. demand for crude among refiners making gasoline and diesel has surged as the economy has recovered from the…
Rising Yields Lift Dollar as Oil Surges
October 11, 2021
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LONDON/SYDNEY—World shares edged higher on Monday courtesy of gains in China, while rising Treasury yields lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns. “Higher energy prices, shortages…
Stagflation Fears Stalk Shares, Rising Yields Lift Dollar
October 11, 2021
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LONDON—Stagflation jitters stunted growth in global shares on Monday, while bets that major central banks will tighten monetary policy pushed up bond yields and lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the…
Surging Oil Prices Lift Material, Energy Stocks on Wall Street
October 11, 2021
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NEW YORK/LONDON—Oil prices surged again on Monday to multi-year peaks, giving a fillip to materials and energy shares and helping U.S. stocks to reverse early declines as investors looked past stagflation risks for now. U.S. crude jumped 2.28 percent to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9 percent…
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