Oil settles higher, trade choppy as tight supply vie with rate hike fear

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday after flip flopping during the session, supported by a bigger draw than expected in U.S. crude inventories but pressured by fears that rising interest rates could dent global economic growth. Brent crude futures rose 31 cents, or 0.4%, to $74.34 a barrel. U.S. West…

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Factbox-Financial firms line up spot bitcoin exchange-traded fund applications

(Reuters) – Financial firms are once again lining up to attempt to get their proposed spot bitcoin exchange-traded-funds approved by the U.S. securities regulator. The Securities and Exchange Commission (SEC) has rejected dozens of applications, saying the proposals have not met anti-fraud and investor protection standards. These are the major firms with live SEC applications:…

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US House Republicans seek testimony from Hunter Biden investigators

By David Morgan WASHINGTON (Reuters) – U.S. House Republicans sought testimony on Thursday from more than a dozen officials from the Justice Department, FBI and other government agencies involved in the federal tax investigation of President Joe Biden’s son, Hunter. Three Republican committee chairs in the House of Representatives said the testimony is necessary in…

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What the Supreme Court’s ruling on affirmative action means for colleges

By Joseph Ax (Reuters) -The U.S. Supreme Court on Thursday struck down race-conscious policies in college admissions, ending decades of precedent that had allowed schools nationwide to use such programs to increase the diversity of their student bodies. Here is an explanation of the policies commonly known as affirmative action, their history and the possible…

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