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US pipeline shutdown sparks worries of $3 gas

A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result in a spike in gas prices. The Colonial Pipeline system spans more than 5,500 miles and transports about 45% of all fuel consumed on the East Coast. It transports 2.5 million barrels per day of

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Iron ore prices go ballistic as metals boom

As investors place bets on the economic recovery, there’s a new frenzy that’s taken over markets. Around the world, there’s a rush to buy metals. What’s happening: China’s benchmark iron ore futures rallied an eye-popping 10% to a record high on Monday. “The demand picture in China is very buoyant,” Warren Patterson, head of commodities

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Co-chair of Facebook Oversight Board defends decision to uphold Trump ban

Michael McConnell, co-chair of the Facebook Oversight Board, defended the board’s recommendation to continue the suspension of former President Donald Trump’s Facebook account over statements he made in the immediate aftermath of the January 6th insurrection at the Capitol. “This is a plain violation of Facebook’s rules against praising dangerous individuals and organizations at a

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Prices are rising everywhere you look

Everywhere you look, there are headlines about higher prices. Some are tied to commodities, which are getting snapped up as the global economy emerges from its long slumber. Lumber prices are at an all-time high thanks to an epic home-building boom. Copper and steel prices have also reached records. Agricultural products aren’t exempt. The price

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