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Europe’s multi-trillion euro energy derivatives market is under scrutiny | OilPrice.com

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European financial authorities are stepping up scrutiny of energy derivatives transactions used by energy companies to hedge electricity and gas prices as policymakers seek to avoid a ripple effect of the energy crisis on financial markets. In the multi-trillion-euro energy derivatives market, energy companies faced more than a trillion euros in margin calls in September, …

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The black market has strangled the legal weed industry in California. Now he's coming to New York.

The black market has strangled the legal weed industry in California. Now he’s coming to New York.

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“I can also sell you mushrooms,” he adds. It has become a familiar scene in New York. The state legalized adult marijuana more than a year ago, but has yet to issue a single dispensary license. The result was weed free for all: Cannabis seems to be on sale everywhere – in main shops, bodegas, …

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AGL shareholders will speak out this week – and the Australian energy market will be listening

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AGL Energy’s annual general meeting takes place this Tuesday at the Melbourne Recital Center – and the remaining executives of Australia’s biggest power producer are hoping the shareholder meeting will provide a rousing finale to what has been a tumultuous year . The opening act was the February unsolicited takeover bid by Mike Cannon-Brookes. Rebuffed, …

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Op-ed: Crypto markets need regulation to avoid more washouts like FTX, says Coinbase CEO Brian Armstrong

Op-ed: Crypto markets need regulation to avoid more washouts like FTX, says Coinbase CEO Brian Armstrong

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Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at Hilton Midtown on May 15, 2019 in New York City. Steve Ferman | Getty Images FTX – until recently one of the largest crypto exchanges in the world – declared bankruptcy on Friday after revelations about its business practices led to a wave of customer …

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Live stock market news updates: S&P 500 and Nasdaq build on biggest stock market rally since 2020

Live stock market news updates: S&P 500 and Nasdaq build on biggest stock market rally since 2020

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U.S. stocks extended this week’s dramatic rally on Friday after decelerating CPI inflation data sparked the most intense rally on Wall Street since the start of 2020. The S&P 500 (^GSPC) rose 0.9%, recording its biggest gaining week since June, while the tech-heavy Nasdaq Composite (^IXIC) gained 1.9%. The Dow Jones Industrial Average (^DJI) closed …

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