Month: March 2022
The Oscars ceremony was a mess even before Will Smith slapped Chris Rock
Will Smith slaps actor Chris Rock onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Sunday’s 94th Academy Award ceremony was already a ham-handed attempt at boosting ratings even before the soon-to-be Oscar-winning actor Will Smith slapped Chris Rock on stage. […]
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Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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Goldman says retail investors are buying this market dip. Here are their favorite stocks
The market may be in a sell-off, but retail investors are using the opportunity to buy the dip and boost their portfolios, Goldman Sachs says. Source
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Biden’s 2023 budget would hike taxes on the ultra-rich and corporations, boost defense and police spending
US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images WASHINGTON — President Joe Biden’s 2023 federal budget, released Monday, proposes tax hikes on […]
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Spotify rolls out Covid disclosures two months after Joe Rogan boycott
The Spotify logo on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Images Spotify is rolling out a Covid content advisory tab on podcasts and other content that mentions the coronavirus. Spotify promised the feature, a small blue tab that directs to its […]
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Russia will ‘always’ be a part of OPEC+, UAE energy minister says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
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MLB reaches a $125 million sponsorship deal with Capital One
Fernando Tatis Jr. #23 of the San Diego Padres runs past third base in the 8th inning against the Los Angeles Dodgers on April 18, 2021 at Petco Park in San Diego, California. Matt Thomas | San Diego Padres | Getty Images Major League Baseball has a new banking partner: Capital One. Under the deal, […]
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New Balance bulks up manufacturing presence in U.S. amid global supply chain backlogs
New Balance has opened its fifth manufacturing space in North America. This one is in Methuen, Massachusetts. Source: New Balance While many retailers are struggling to preserve relationships with overseas vendors and manufacturers, against pandemic uncertainty and shaky foreign relations, one is doubling down on its presence in North America. New Balance, a privately held […]
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Apple reportedly cuts production of its new iPhone SE by 20%
Tim Cook at the Apple launch event, March 8, 2022 Apple Apple is scaling back production of its new budget iPhone SE due to weaker-than-expected demand, Nikkei Asia reported Monday. The company has reportedly asked suppliers to cut production of the iPhone SE, its new $429 budget 5G phone, by about 2 million units to […]
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XPeng shares jump after the Chinese EV automaker posts narrower-than-expected quarterly loss
XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. U.S. listed shares of XPeng jumped in premarket trading Monday after the Chinese electric-vehicle maker reported a fourth-quarter loss that was narrower than Wall Street had expected. XPeng said that it lost $202 million in the quarter, or $0.22 on an […]
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