Month: April 2022
Stock futures inch higher ahead of big inflation report
U.S. stock futures inched higher in overnight trading as investors braced for a key inflation report Tuesday. Futures on the Dow Jones Industrial Average gained 30 points or 0.1%, while S&P 500 futures rose 0.09% and Nasdaq 100 futures inched 0.1% higher. The overnight moves come as investors await the release of March’s highly anticipated […]
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WHO says it closely watching China as it grapples with its worst Covid surge of the pandemic
The World Health Organization on Monday said it is monitoring a major surge in Covid cases in mainland China, an outbreak that local officials have attributed to the more contagious omicron BA.2 subvariant. Dr. Kate O’Brien, director of WHO’s immunization and vaccine program, said the agency is in contact with public health authorities in China […]
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The pandemic boom in PC sales is over
Shoppers are deciding to buy a Microsoft laptop at Best Buy in Tampa, Florida, November, 2021. Octavio Jones | Getty Images PC shipments declined sharply in the first quarter of 2022, according to new industry estimates, suggesting that the pandemic boom in PC sales is over. Gartner said on Monday that it estimates that PC […]
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Accused fake DHS agent may have duped other defendant along with Secret Service, lawyer says
Filing in U.S. District Court in Washington, D.C., by the U.S. Attorney’s Office for the District of Columbia Courtesy: U.S. Attorney’s Office for the District of Columbia One of two men criminally charged with impersonating Department of Homeland Security agents may himself have been duped, along with several Secret Service agents, into believing his co-defendant […]
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Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks
A Bitcoin logo inside a BitBase cryptocurrency exchange in Madrid, Spain, on Thursday, March 17, 2022. Angel Navarrete | Bloomberg | Getty Images The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to […]
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Charlie Munger-linked Daily Journal cuts Alibaba stake in half
Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese ecommerce giant Alibaba in half. Source
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Philadelphia reinstates indoor mask mandate
A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia. Matt Rourke | AP With Covid-19 cases slowly rising, Philadelphia is bringing back its indoor mask mandate for public places, schools and day cares. Philadelphia announced Monday that, on April 18, […]
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Jaguar Land Rover and Hitachi are backing this unique battery recycler
Lithium-ion batteries are vital to a lower-carbon future. But they require a lot of energy to produce, especially when it comes to mining and refining the metals. The worldwide lithium battery market is expected to grow up to tenfold in the next decade, according to a recent report by the U.S. Department of Energy, showing […]
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Investing Club: We’re trimming our large position in Apple — here’s why
Our sale today is in line with what we said last week in our April Monthly Meeting, where we discussed the need to right-size this position the next time we had a chance. Source
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‘The war for talent’ continues. 40% of recent job switchers are again looking for a new position, survey finds
Cecilie_arcurs | E+ | Getty Images Two of every 5 workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn in the labor market as the so-called Great Resignation […]
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