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Indonesia accounts for half of the world’s supply of palm oil, the world’s most widely used vegetable oil. A domestic shortage of cooking oil has prompted Indonesia to put a blanket ban on palm-oil product exports. Half of all packaged products that Americans consume contain palm oil. Loading Something is loading. Indonesia, the world’s largest… Continue reading Indonesia, the world’s biggest palm-oil exporter, is facing a shortage of cooking oil — and it’s going to affect the price of everything from cheese to candy bars

Russia’s central bank governor said Moscow isn’t at risk of defaulting on its debt.  The Kremlin has all the “necessary financial resources” to avoid default, Elvira Nabiullina said Thursday. The Bank of Russia also said it plans to use its digital ruble for international payments in 2023. Loading Something is loading. Bank of Russia Governor… Continue reading Russian central bank chief denies Moscow is at risk of default and touts digital ruble for international payments

Snoop Dogg launched an NFT collaboration with an exclusive metaverse project on the cardano blockchain. Released on Monday, the project includes unreleased music and more, but this is just his latest crypto project. Analysts said the this is the first incident of a celebrity crypto project jumping ship from ethereum to cardano. Loading Something is… Continue reading Hip hop star Snoop Dogg expands his crypto investment footprint with an NFT collection on the cardano blockchain

Cathie Wood’s ARK Invest has sold around 90% of its holdings in Twitter since the start of the year. So it missed out on the huge rally after Tesla boss Elon Musk revealed a majority stake in Twitter this week. Wood’s stake in Twitter would now be worth $700 million if she had held onto… Continue reading Cathie Wood sold 90% of her Twitter stock this year. Then Elon Musk sent the shares soaring — and her stake would be worth $700 million if she’d held onto it.

President Joe Biden has finally signed a long-awaited executive order on cryptocurrencies. It wasn’t the crackdown many in crypto had feared, and many liked it a lot. But there were some question marks. Here’s what Sam Bankman-Fried, Anthony Scaramucci, Mike Novogratz and other top crypto voices had to say. Loading Something is loading. President Joe… Continue reading Sam Bankman-Fried says Biden’s crypto order won’t move the needle, but Cameron WInklevoss calls it a watershed. Here are the 8 top reaction quotes from crypto players.

Bitcoin and other cryptocurrencies sank as Russian forces invaded Ukraine this week.  Loading Something is loading. The conflict raised questions about bitcoin’s role — as a haven, a tool for the unbanked, and an authority-free zone. Here’s what Sam Bankman-Fried, Michael Saylor and three other top voices in crypto had to say. Russian forces attacked… Continue reading As Russia invaded the Ukraine, bitcoin plunged — here’s what Sam Bankman-Fried, Michael Saylor and other top voices in crypto had to say about it

Warren Buffett’s Berkshire Hathaway reported fourth-quarter earnings on Saturday. The investor’s company was a net seller of stocks and slowed its share buybacks last quarter. Berkshire’s operating earnings jumped 19% as it rebounded from the pandemic. Loading Something is loading. Warren Buffett’s Berkshire Hathaway was a net seller of stocks in the fourth quarter of… Continue reading Warren Buffett’s Berkshire Hathaway was a net seller of stocks last quarter — and slowed its share buybacks

The S&P 500 should rally strongly by year-end as it moves past the Russia-Ukraine conflict and Fed worries, RBC has said. The investment bank said the index should rise to 5,050, around 17% higher than Thursday’s closing price. However, RBC analysts cautioned the S&P may have further to fall first, if history is any guide.… Continue reading US stocks will rally 17% by the end of this year as they shake off the Russia-Ukraine ‘growth scare’, RBC says