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  Bloomberg

  Cheap Costs Push Use of Fed Term Funding Tool to Fresh Record

  (Bloomberg) -- Banks borrowed a record amount from the Federal Reserve’s newest backstop facility in the most recent week as wagers on interest-rate cuts continue to make it a more attractive choice.Most Read from BloombergBusiness Insider Says Ackman’s Wife Plagiarized Doctoral ThesisHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaTroubled China Shadow Bank Zhongzhi Files for BankruptcyIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclus

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  The Wall Street Journal

  Gold Mining Boss Ousted Over $5.9 Million Payment

  Endeavour Mining ousted its longtime chief executive after a board probe into a $5.9 million payment he authorized. Sébastien de Montessus denied wrongdoing, but his exit sent shares of the global mining company tumbling. Endeavour, which operates mines in Western Africa, said de Montessus was terminated as president and CEO following an investigation into an irregular payment instruction issued by him in relation to the sale of an asset.

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  Reuters

  Carrefour drops Pepsico for now but will it make a difference?

  Carrefour says it has ditched Pepsico products in four European countries for taking price hikes too far, but the negotiation tactic may have little impact given the size of some global brands, industry experts said. The strategy of removing products from shelves is one retailers have employed for years in the tussle over prices with suppliers, but the cost-of-living crisis has prompted more disputes, such as a reported spat between German retailer Edeka and U.S. Procter & Gamble last year. Carrefour's move comes just over a week before French grocers fix prices for the whole year.

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  Reuters

  Maersk warns of major disruption as diverts ships away from Red Sea

  COPENHAGEN (Reuters) -Container shipping giant Maersk is diverting all vessels from Red Sea routes around Africa's Cape of Good Hope for the foreseeable future, it said on Friday, warning customers to prepare for significant disruption. Shippers across the world are switching away from the Red Sea - and so the shortest route from Asia to Europe via the Suez Canal - after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Gulf region to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza. The trip round Africa can add about 10 days to journey times and requires more fuel and crew-time, jacking up shipping costs.

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  Benzinga

  I'm Downsizing For Retirement And Selling My Primary Home For $1 Million — Will I Owe Capital Gains Taxes?

  When selling a primary residence, homeowners often ponder the implications of capital gains tax on their profits. If a homeowner sells their property and realizes a profit of $1 million, they may face a significant tax bill. The amount of tax owed can range from tens of thousands to a hundred thousand or more, depending on various factors. One of the most significant factors is your income. Homeowners need to understand the components of this tax calculation and consider consulting a financial a

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  Barrons.com

  Palantir Downgraded on Overblown AI Hype. The Stock Is Falling.

  Palantir grabbed a downgrade from Jefferies because they say artificial intelligence hype around the software analytics firm is overdone. Analyst Brent Thill dropped Palantir to Underperform from Hold and lowered the price target to $13 from $18. Palantir was one of the best performing big software makers last year, gaining 167%.

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