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[ad_1] A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesChinese online retailer Temu has been surfacing more products on its app that can be shipped from warehouses in the U.S. following President Donald Trump’s decision to revoke a popular tax loophole.The nearly century-old exception, known as de minimis, has been used by many e-commerce companies to send goods worth less than $800 into the U.S. duty-free. Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10%…

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[ad_1] In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest. 2021. Andrew W. Lo and Stephen R. Foerster. Princeton University Press. Between this book’s introductory and closing chapters, each of 10 famous superstars of finance receives a chapter of their own. In the order in which they appear and with their primary contribution to what we know about investing, they are Harry Markowitz and portfolio selection, William Sharpe and the capital asset pricing model (CAPM), Eugene Fama and efficient markets, John Bogle and index investing, Myron Scholes and…

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[ad_1] Simon JackBBC Business editorGetty ImagesChief executive Anders Opedal said the transition to lower carbon energy was moving slower than expectedNorwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production.Chief executive Anders Opedal said that the transition to lower carbon energy was moving slower than expected, costs had increased, and customers were reluctant to commit to long term contracts.Mr Opedal told the BBC he was confident that Rosebank – a giant new oil field in the North Sea – would go ahead, despite a recent court ruling that consent…

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[ad_1] The newly appointed Reserve Bank of India (RBI) governor Sanjay Malhotra leaves after addressing a press conference, in Mumbai on December 11, 2024.  Indranil Mukherjee | Afp | Getty ImagesIndia’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering economy, though the rupee hovers at record lows.The Reserve Bank of India is poised to trim the repo rate by 25 basis points to 6.25% as it concludes its policy meeting on Friday, setting off “a shallow rate cut cycle,” said Taimur Baig, chief economist at…

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[ad_1] Strategy, the largest corporate holder of bitcoin, said it’s almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally.The company formerly known as MicroStrategy said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5 billion. Strategy currently holds 471,107 bitcoins on its balance sheet, about 2% of the total supply.”We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further…

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