Month: May 2022
Hedge fund billionaire Dan Loeb appears to be courting NYC Mayor Eric Adams over charter schools
Hedge fund billionaire Dan Loeb appears to be cozying up to New York City Mayor Eric Adams after pouring $1 million into the political action committee that helped get him elected, according to people familiar with the matter. Adams and Loeb have held several private discussions since Adams was sworn in earlier this year, focusing […]
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Stocks making the biggest moves midday: Palantir, Rivian, Uber and more
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir’s first-quarter earnings came […]
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Big travel company CEOs hope market, economic turmoil won’t derail a summer season rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer. “We think this summer is going to be gangbusters for travel,” Marriott CEO Tony Capuano told last week. Marriott saw an 81% rise in […]
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European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major […]
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UK opposition leader Starmer says he would resign if police fine him for Covid rule breach
Labour Party leader Keir Starmer is under investigation after a photo emerged of him having a beer and a curry with colleagues during last year’s Hartlepool By-election, when some Covid-19 restrictions were still in place. Hollie Adams | Getty Images News | Getty Images British Labour Party leader Keir Starmer said on Monday he would […]
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Palantir plunges 21% on weak revenue guidance, earnings miss
Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” Summit in Paris, France May 15, 2019. Charles Platiau | Reuters Shares of Palantir plunged more than 21% on Monday after the company issued a weaker-than-expected revenue outlook and missed on the bottom line in its first-quarter results. Here are the key numbers: Earnings […]
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Cable companies to offer effectively free internet to low-income homes
Vice President Kamala Harris during an event on high-speed internet access. Kent Nishimura | Los Angeles Times | Getty Images The Biden administration said it secured commitments from 20 internet service providers to either reduce prices or increase speeds to serve low-income households, according to a White House press release published Monday. The news means […]
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Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said that it’s on track to begin production of its Endurance pickup in the third quarter, about a […]
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Philippines’ Marcos maintains huge lead in presidential election with 61% votes counted
Presidential aspirant Ferdinand “Bongbong” Marcos Jr., the son and namesake of the late dictator, waves after casting his vote in the 2022 national elections at Mariano Marcos Memorial Elementary School in Batac, Ilocos Norte, Philippines, May 9, 2022. Eloisa Lopez | Reuters Ferdinand Marcos Jr. on Monday retained his wide lead in the tally of […]
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Tesla covers travel costs for out-of-state health care including, reportedly, abortions
Signage outside the new Tesla South Austin showroom within the Yard development in Austin, Texas, U.S., on Saturday, Oct. 16, 2021. Mark Felix | Bloomberg | Getty Images Tesla will cover travel and lodging costs for employees to receive health-care services not offered in the states they reside. The policy, which Tesla said has been […]
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