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Oil Producer APA Cuts Up to 15% of Workers

(Bloomberg) -- APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackThe Scary Thing About the Wildfire That Was StoppedNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe company formerly known as Apache made the reductions in Jan

Ripple Labs says US SEC ends appeal over crypto oversight

NEW YORK (Reuters) -Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator's prior chief had said would make it harder to oversee cryptocurrency markets. The SEC had been appealing a July 2023 decision by U.S. District Judge Analisa Torres in Manhattan that the XRP token sold by Ripple on public exchanges did not meet the legal definition of a security. Torres also gave the SEC a partial victory against Ripple, saying $728 million of XRP sales to institutional investors should have complied with securities laws.

Milei’s Inflation Miracle Distorted by Obsolete Items in Index

(Bloomberg) -- Each morning, the typical Argentine buys a newspaper, lights up a cigarette and then, while leafing through the pages and puffing away, grabs the telephone from its perch on the wall to make a call.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents on the Fire FrontlinesAmtrak CEO Departs Amid Threats of a Transit