Month: April 2022
Elon Musk asks Twitter users if they want an edit button; shares rise in premarket trading
Elon Musk’s investment in Twitter comes after he said he was considering building a new social media platform. Jim Watson | AFP | Getty Images Elon Musk has asked Twitter users if they want an edit button to be added to the platform — hours after taking a 9.2% passive stake in the company, making […]
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Three former DeepMinders are developing A.I. to pick stocks and crypto
ArtBox Images | Getty Images Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise. Martin Schmid, Rudolf Kadlec and Matej Moravcik left Alphabet-owned DeepMind in January to set up EquiLibre Technologies, relocating from Edmonton in Canada to Prague in the Czech Republic […]
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Ukraine warns of more atrocities in towns near Kyiv; Zelenskyy to address UN. Follow our live updates
Red Cross workers released after being held during attempt to evacuate people from Mariupol Residential buildings that were damaged during the Ukraine-Russia conflict in the southern port city of Mariupol, Ukraine, on April 3, 2022. Pavel Klimov | Reuters A team of humanitarian workers from the International Committee of the Red Cross has been released […]
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IPO deals in China and Hong Kong slump as omicron cases jump
The number of public listings in greater China fell significantly in the first quarter of the year, but still performed better than other global markets, data from consultancy EY showed. Greater China overall had a 28% drop in the number of initial public offerings, although IPO activity in Hong Kong was slower compared to mainland […]
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Shanghai lockdown deepens after new surge in Covid cases
A medical worker performs Covid tests on residents of a quarantined street community in Shanghai on April 4, 2022. The city has expanded lockdown measures as cases surge. Costfoto | Future Publishing | Getty Images The major Chinese financial center of Shanghai extended restrictions on transportation on Tuesday after a day of intensive city-wide testing […]
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Wind energy needs dramatic increase to hit net-zero goals, new report says
Onshore and offshore wind turbines photographed in Flevoland, the Netherlands. Mischa Keijser | Image Source | Getty Images The wind energy sector had its second best year in 2021 but installations will need to dramatically increase going forward to keep track with net-zero goals, according to a new report from the Global Wind Energy Council. […]
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Sri Lanka parliament to meet as protests put ruling Rajapaksas under pressure
Protestors take part in a demonstration at the entrance of the president’s office in Colombo on April 4, 2022. Sri Lanka’s opposition on April 4, 2022 rejected the president’s invitation to form a unity government as “absurd,” calling instead for his resignation because of worsening food, fuel and medicine shortages in the country. Ishara S. […]
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Manhattan residential real estate sales hit a record $7.3 billion in the first quarter
Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Images Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales […]
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JPMorgan says 3 stocks could be winners if U.S.-listed Chinese stocks avert delisting
JPMorgan’s equity macro research team has new confidence that U.S.-listed Chinese stocks like are poised to gain. Source
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Investors may be jumping the gun on Chinese stocks
The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images Some analysts remain pessimistic on U.S.-listed Chinese stocks, warning the road ahead remains uncertain despite signs that they’re at less risk of being delisted from U.S. exchanges. “Global investors […]
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