Month: April 2022
U.S. labor board sues Starbucks over union retaliation claims
Members react during Starbucks union vote in Buffalo, New York, U.S., December 9, 2021. Lindsay DeDario | Reuters U.S. labor officials are petitioning a federal court to force Starbucks to bring back activist employees who they say were removed for their union campaigning, according to a Friday filing. The National Labor Relations Board’s Phoenix chief […]
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Russia was Pepsi’s second-largest international market. What happens next now that it’s pulled out?
Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. As of April 22, more than 700 U.S. companies have scaled back, suspended or exited their Russian businesses, including Starbucks, McDonald’s and Pepsi, according to the Yale School of Management. Russia is Pepsi’s second-largest international market, after Mexico. The company generated […]
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This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
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Netflix is finally going after password sharing. Here’s how it’s likely to work
Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including […]
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Warren Buffett is on a roll. Here is what’s behind his big moves and what could come next
After a six-year deal-making drought and a long stock-selling streak, Warren Buffett is back with a bang. Source
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How the Golden State Warriors plan to become more than a basketball team
Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | National Basketball Association | Getty Images The Golden State Warriors are getting back to business. After two years of pandemic challenges, the […]
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As market slides, does the Federal Reserve want or need stocks much lower?
Driving down the market is not a direct goal of the Fed, yet declining stocks fit with the broader project of raising the cost of capital across the economy. Source
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Zelenskyy says Ukraine invasion only the beginning; another apparent mass grave found near Mariupol
Evacuations from Mariupol to start at midday, deputy PM says Iryna Vereshchuk, Ukraine’s deputy prime minister, said Saturday that evacuations from the besieged city of Mariupol would commence at midday local time if all went to plan, according to Reuters. “Today, we again will be trying to evacuate women, children and the elderly,” she said […]
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Elon Musk says he confronted Bill Gates about shorting Tesla
CEO of Tesla Elon Musk says he confronted fellow billionaire Bill Gates about whether he was shorting Tesla’s stock. Musk is seen here at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Elon Musk has accused Microsoft co-founder Bill Gates of shorting […]
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EU agrees on landmark law aimed at forcing Big Tech firms to tackle illegal content
European Executive Vice-President Margrethe Vestager. Anadolu Agency | Anadolu Agency | Getty Images The European Union agreed on new digital regulations Saturday that will force tech giants like Google and Meta to police illegal content on their platforms more aggressively, or else risk potential multibillion-dollar fines. The European Parliament and EU member states reached a […]
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