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U.S., G-7 nations block gold imports from Russia in new sanctions against Putin

U.S., G-7 nations block gold imports from Russia in new sanctions against Putin

BUSINESS / By

The Treasury Department on Tuesday announced that the US and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the US and its Group of Seven partners to target Russian President Vladimir Putin and alienate the …

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New York Fed President John Williams says a U.S. recession is not his base case

New York Fed President John Williams says a U.S. recession is not his base case

BUSINESS / By

New York Federal Reserve President John Williams said Tuesday he expects the US economy to avoid recession even as he sees the need for significantly higher interest rates to control inflation. “A recession is not my base case right now,” Williams told CNBC’s Steve Liesman during a live “Squawk Box” interview. “I think the economy …

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ARK Invest's Cathie Wood says the U.S. is already in a recession

ARK Invest’s Cathie Wood says the U.S. is already in a recession

BUSINESS / By

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, US, on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the US is already in an economic downturn, and she admitted that she underestimated …

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Gender gap in retirement readiness persists despite women's advances

Gender gap in retirement readiness persists despite women’s advances

BUSINESS / By

Dougal Waters | Getty Images Despite the economic and professional gains made by women over the last 50 years, gender gaps persist — and not just in rate of pay. Retirement readiness and financial know-how are key areas with notable gaps, according to two studies recently released by the TIAA Institute. For example, among workers …

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Russia cuts key interest rate back to prewar level

Russia slides into historic debt default as payment period expires

BUSINESS / By

Russia has entered its first major foreign debt default for over a century, after a grace period on two international bond payments lapsed on Sunday night. Interest payments totaling $100 million were due on May 27 and subject to a grace period which expired on Sunday night. Several media outlets have reported that bondholders have …

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Devereux California’s Johana Perez Receives Culture of Caring Honor | Homes & Lifestyle

Austrian Chefs Cook up Imperial and Rustic Cuisine at Apples to Zucchini Cooking School | Good for Santa Barbara

FOOD / By

Posted on June 27, 2022 | 3:17 pm Two chefs with roots in Austria, Nancy Martz and Anna-Katharina Preidl, will be bringing Sommerfest to Santa Barbara at Apples to Zucchini Cooking School (AtoZ), where they hope to share the flavors and techniques that celebrate the imperial and the rustic history of Austria. “I spent my …

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This first half ranks among the market’s worst on record. Here’s what typically happens next

Avoidable or inevitable recession? Billionaire David Rubenstein’s view

BUSINESS / By

Much of the US market focus has been on the Federal Reserve’s more aggressive interest rate hikes as a reason to fear recession. But Carlyle Group co-founder and co-chairman David Rubenstein, a billionaire investor and philanthropist, says the economy’s path may be beyond the central bank’s control, and two other global players are more important …

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