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Anna Sorokin, the fraud and social con artist who inspired a successful Netflix series, has been released from house arrest

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Convicted pseudo-social fraud Anna Sorokin, whose scheme inspired A Netflix Chain, has been released from immigration detention in the United States to house arrest, immigration officials and her spokesperson said.

Her spokeswoman, Judah Engelmayer, said Anna Sorokin lives in her New York City home.

“Anna now has her opportunity to demonstrate her commitment to growth, give back and make a positive impact on those she meets,” Engelmayr said in a statement. “She has obstacles, and she will deal with them with vigor and determination, using her experiences and lessons learned.”

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US Immigration and Customs Enforcement confirmed her release. Sorokin, 31, is struggling with deportation to Germany.

she was Convicted in 2019 She scammed $275,000 from banks, hotels, and New Yorkers to fund her luxurious lifestyle.

Using the name Anna Delphi, she disavowed herself as the daughter of a German diplomat, or oil baron, and lied about receiving $67 million (68 million euros) in financing abroad to create the impression she could cover her debts, prosecutors said. .

her lawyer She said she simply went over her head Because she tried to set up a private arts club and planned to pay when she could.

The case has become the basis for Netflix series “Inventing Anna”, released this year.

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After spending three years behind bars, Sorokin was there Released last year and then Detained by immigration authorities. They argue that she has overstayed her visa and should be sent back to Germany.

immigration judge paved the way Wednesday, Sorokin will be released at home while the deportation battle rages on. She was wearing an ankle monitor and had to post a $10,000 bond, provide an address where she would be staying, and agree not to post on social media.

Her current attorney, Duncan Levine, said Wednesday that Sorokin wants to focus on appealing her conviction.

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This analyst says AT&T stock is now a buy. Growth potential is the reason.

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AT&T

It had a strong year, and is now on track for “long-term sustainable growth,” according to Argus Research.

Analyst Joseph Bonner promoted shares

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AT&T

(Stock ticker: T) To buy from the hold and set a target price of $24 per share. Bonner writes that the company has strong growth potential because of its competitive position and its performance in the current macroeconomic environment.

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S&P, Nasdaq, Dow Pick Up Latest Lost And Push Higher In Unemployment Claims Data (SP500)

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On Thursday, US stocks rebounded from their recent losses, as the S&P 500 halted a decline in five sessions. Sentiment was helped by the Initial Jobless Claims data which hinted at some signs of a slowdown in the labor market.

Syrian Pound (SP500) It was 0.68% profit To 3960.51 points in morning trading. nasdaq composite (COMP. IND) I was 1.00% rise To 11067.94 points, as shares of giant technology companies rebounded. The blue-chip daw (DJI) added 0.65% to 33,815.06 points, partially boosted by a jump in Boeing shares (BA).

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The number of Americans applying Weekly unemployment claims It rose to 230 thousand expected. Continuing claims rose to 1.671 million, beating expectations of 1.6 million. The data indicated that there is some slack in the labor market, a key factor being watched closely by the Fed in determining the path of its policy tightening.

“The four-week average is now at 230K, the highest level since early September, after jumping from a low of just 206K in early October,” said Pantheon Macro. “Claims are tumultuous, especially from Thanksgiving through mid-January, and we expect numbers closer to 215K over the next couple of weeks. But we think the trend will be materially higher once the holiday seasonal adjustment distortions fade.”

Investors were mostly cautious this week ahead of interest decisions from the Federal Reserve and the European Central Bank next Wednesday and Thursday, respectively.

“A potentially dovish signal (if you stare hard enough) has come from the Bank of Canada, which serves as a precursor to next week’s Fed, ECB and Bank of England decisions,” said Jim Reid of Deutsche Bank.

The Bank of Canada on Wednesday She raised her policy rate by 50 basis points.

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“This move was higher than the 25 basis point rise we had expected and in line with the slim majority of economists in a Bloomberg survey. The statement indicated that the hiking cycle may be over. If this is indeed the case, it is likely consistent with what the economist said. Pablo Villanueva on Wednesday said the long-standing view that the Bank of Canada’s final interest rate will be lower than the Fed’s The central bank also announced that it is continuing its quantitative tightening process.

Turning to the bond markets, interest rates have rebounded from a two-day decline. 10-year Treasury yield (US10Y(Increased 6 basis points to 3.47% and the 2-year Treasury yield)US2Y) rose 3 basis points to 4.29%.

“It appears that the (bond) market has not finished squared positions at the end of the year,” ING said. “At the same time, the market is increasingly adding to expectations of a rate cut in the second half of 2023, further inverting this part of the money market curve.”

Among the active movers are China-related stocks advanced After the government eased the country’s harsh coronavirus policies.

DexCom (DXCM) was the biggest gainer on the S&P 500, after the Food and Drug Administration Usage survey of the medical device maker’s glucose monitoring system in people with all types of diabetes ages 2 years or older.

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Mimi shares were also moving. AMC Entertainment (AMCSome bounced back from the sell-off after a source said it was inside There is no immediate restructuring risk. GameStop (GME) decreased slightly after posting the Greater loss than expected.

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ExxonMobil announced a $50 billion buyback despite the political backlash

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ExxonMobil will expand its share buyback program to $50 billion and raise capital spending, as the US major continues to return huge dividends to investors despite the political backlash.

In a new plan announced Thursday, Exxon said it would spend $50 billion over the next three years buying back its stock, an increase from the current $30 billion program that was set to expire in 2023.

The oil industryThe company’s profits have soared this year after Russia’s invasion of Ukraine sent global crude oil and natural gas prices soaring, something that producers are accustomed to flooding shareholders with cash after years of disappointing returns.

US President Joe Biden has criticized Exxon and other oil companies, saying in October that “You shouldn’t use your earnings for stock buybacks or for dividends . . . while the war is raging.”

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But the expanded share buyback program continues Exxon’s focus on funneling proceeds from higher energy prices back to shareholders, rather than splurging on a big new drilling campaign.

made the strategy Exxon Among the market’s best performers this year, shares are up more than 60 percent even as the broader S&P 500 plunges.

“The results we’ve seen so far show that we’re on the right track,” said Exxon CEO Darren Woods.

The company said Exxon will also spend between $23 billion and $25 billion on energy projects next year, up from about $22 billion this year. Exxon increased its planned spending on low-carbon projects, which focus on carbon capture and storage, biofuels and hydrogen, to $17 billion through 2027, up from its previous guidance of $15 billion.

But the Texas-based oil producer maintains a projected annual spending range of $20 billion to $25 billion over the next five years, resisting large increases in spending at a time when oil and gas prices have soared as the industry has in the past.

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Exxon’s rival Chevron said Wednesday it will increase its spending by 25 percent next year to about $17 billion, including $2 billion on its low-carbon business.

The two companies’ spending plans are still well below what they indicated before the pandemic, which has taken a huge financial toll on the companies. Exxon said in 2019 that it plans to spend $30 billion to $35 billion annually on its business, while Chevron has planned annual spending of $19 billion to $22 billion.

The bulk of Exxon’s spending will go to oil and gas projects in the Permian shale basin in the United States, deepwater projects in Guyana and Brazil and new LNG projects. The company says it will increase total production by 14 percent from 3.7 million barrels of oil equivalent per day this year to 4.2 million barrels per day by 2027.

But the increased spending comes as oil prices have slumped in recent weeks on fears that an economic slowdown could weaken global energy demand.

Brent crude was trading at about $78 a barrel Thursday, down 20 percent over the past month and roughly level with where it opened the year, a significant reversal after it jumped to near record highs over the summer.

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