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British Police Raid London Home of Russian Oligarch, Seizing Cash and Devices

British police arrested a wealthy Russian businessman at his upscale London home, officials said Saturday, amid stepped-up pressure by the UK on Russian emigrants suspected of aiding the rule of President Vladimir Putin. The UK’s National Crime Agency said more than 50 of its officers took part in the raid, seizing cash and digital devices. …

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From CNN to Paramount, Perfect Storm in Media Propels Layoffs

An advertising slowdown, economic worries and strains of the shift to streaming have many major media companies in cost-cutting and layoff mode. News organizations, TV networks, movie and television studios, and entertainment giants laid off hundreds of workers over the past week alone, including Warner Bros. Discovery Inc.’s WBD -0.69% CNN and Paramount Global PARA …

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Four Ways to Save Money on Home Insurance as Rates Rise

Homeowners had to shell out more money for mortgage payments, routine maintenance and heating costs this year as rapid inflation and rising interest rates strained monthly budgets. One more bigger bill to add to that list: home insurance. Home insurance premium rates rose 9.3% from Jan. 1, 2021, through Nov. 25 on average nationwide, according …

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Tech Selloff Catches Up With Private Startups

Tech startups are plunging in value in private trades, mirroring the big markdowns of their publicly listed brethren over the past year. Before companies go public, their shares are often traded by employees, founders and institutions in secondary deals. The trades allow existing holders to cash out before a startup goes public, and buyers to …

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Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise

Fed officials have warned in recent days that they are likely to raise rates to and hold them at levels high enough to slow economic activity and hiring to bring inflation down from 40-year highs. SHARE YOUR THOUGHTS How would you rate the Fed’s response to inflationary pressure? Join the conversation below. The employment report …

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November Employment Report Shows US Economy Added 263,000 Jobs

The November payrolls gains compared with an upwardly revised 284,000 jobs in October, the Labor Department said Friday. Payrolls grew up in leisure and hospitality, healthcare and government. Retailers and transportation-and-warehousing companies cut jobs in a sign of weak holiday hiring. Average hourly earnings grew 5.1% in November from a year earlier, the department said. …

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New York City Wants to Pay a ‘Rat Czar’ $170,000 to Solve Its Rodent Problem

New York has had a rat problem since the 1700s. City officials hope someone with a “general aura of badassery” can finally solve it. The city posted an unusual job listing this week: an opening for a director of rodent mitigation, or a “rat czar.” The ideal candidate—someone who is “highly motivated and somewhat bloodthirsty”—will …

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Blackstone Limits Redemptions From Real Estate Vehicle, Stock Sinks

blackstone Inc. BX -7.09% Shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions. Blackstone Real Estate Income Trust Inc., more commonly known as BREIT, said Thursday in a letter posted to its website that the amount of withdrawals requested in October exceeded its monthly …

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