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  Reuters

  Former Goldman banker Ng to be returned in Malaysia in 1MDB case

  Former Goldman Sachs banker Roger Ng, facing 10 years in prison after being convicted in New York of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund, will be returned to that country, where he faces related charges. In a letter filed on Thursday in Brooklyn federal court, U.S. prosecutors asked a judge to order Ng's surrender to the U.S. Marshals Service by Friday so he could be turned over to Malaysian law enforcement, who would transport him to their country. Ng would be required upon returning to the United States to begin his prison term.

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  AP Finance

  X removes article headlines in latest platform update, widening a rift with news media

  X, formerly known as Twitter, has stopped showing headlines on articles shared on the platform. Now, X only displays an article’s lead image and a link to the story. Plans for the change were first reported by Fortune in August, when owner Elon Musk confirmed in a post that he thought the change— which came from him “directly” — would “greatly improve the esthetics” of posts.

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  Reuters

  EV maker Rivian shares tumble after launch of $1.5 billion convertible bond offering

  Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects.

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  Bloomberg

  Keystone Pipeline Restarts at Half Capacity of 300,000 Barrels a Day

  (Bloomberg) -- The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity Wednesday after being halted for maintenance work. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Reject

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  TipRanks

  ‘Load Up,’ Says Raymond James About These 2 ‘Strong Buy’ Stocks

  The markets have the tendency to overdramatize, and events are often blown out of proportion. With the stock market having experienced a pullback since the mid-summer peaks, there have been fears the bull market seen for most of the year is about to go up in smoke. But that is not the case at all,” argues Matt Orton, Chief Market Strategist at Raymond James. Throughout the year, the markets have been “pushing back” against the Fed’s narrative that interest rates will need to stay elevated for an

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  SmartAsset

  Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity?

  Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.

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  AP Finance

  Costco is seeing a gold rush. What's behind the demand for its 1-ounce gold bars?

  Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco's website — adding that there's a two-bar limit per member.

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  Benzinga

  Economy Is 'Definitely Weakening': Bill Ackman Warns Of A 'Big Threat' For Certain Americans. Here Are His Top 3 Holdings

  Following the Federal Reserve's 11 interest rate hikes, many experts have expressed concerns about the impact of higher rates on the American economy. According to Bill Ackman, CEO of Pershing Square Capital Management, the economy is starting to slow. "I think the level of real interest rates is high enough to slow things down, you know, high mortgage rates, high car rates, high credit card rates, they're starting to really have an impact on the economy," he said in a recent CNBC interview. "Th

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  The Wall Street Journal

  High Gas Prices Reek of Low Cigarette Sales

  The OPEC oil cartel holds a lot of sway over what U.S. drivers pay at the pump, but factors closer to home are having a surprising impact: cigarette sales and convenience store wages. The first time the U.S. crude-oil benchmark reached $90 a barrel in October 2007, retail gasoline prices were $2.82 a gallon. One quantifiable change is the tightening of renewable fuel standards, which added about 10 cents to 15 cents a gallon to refiners’ cost of compliance over that period, according to an estimate from energy economist Philip Verleger.