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  • GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

    GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV0

    General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

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  • Weekly Comic: China’s Precarious Reopening

    Weekly Comic: China’s Precarious Reopening0

    China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have owed their bright start to the year largely to hopes that the world’s second-largest economy will quickly reap the benefits of dropping the harsh public health restrictions that slowed the

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  • Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

    Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited0

    The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day,

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  • Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears

    Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears0

    Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and

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