Month: June 2022
Cloud stocks mount big rally led by UiPath, as investors bet tech valuations have bottomed
Daniel Dines, CEO, UiPath at company’s IPO at the New York Stock Exchange, April 21, 2021. Source: NYSE Cloud stocks rallied on Thursday, with more than a dozen vendors notching gains of 10% or more, as investors used an upbeat day on Wall Street to snap up shares of companies that have been beaten down […]
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NBA superstar LeBron James is officially a billionaire—here’s a look into his net worth
LeBron James won’t be playing in the NBA Finals this year, but he has still captured a new title: billionaire. The 37-year-old Los Angeles Lakers star has officially joined the three-comma club, according to Forbes, after earning another $121.2 million over the past year. He is the first-ever active NBA player to reach billionaire status. […]
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Social Security fund will be able to pay benefits one year longer than expected, Treasury says
U.S. Treasury Secretary Janet Yellen takes off her mask at the start of a Senate Banking, Housing and Urban Affairs Committee hearing on “Financial Stability Oversight Council Annual Report to Congress,” on Capitol Hill in Washington, U.S., May 10, 2022. Elizabeth Frantz | Reuters The Social Security trust fund most Americans rely on for their […]
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Queen Elizabeth II will miss Platinum Jubilee church service due to discomfort
Queen Elizabeth II stepped gingerly onto the Buckingham Palace balcony Thursday, drawing wild cheers from the tens of thousands who came to join her at the start of four days of celebrations of her 70 years on the throne. Her fans sported Union Jack flags, party hats or plastic tiaras. Some had camped overnight in […]
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Dave Roberts is one of the most powerful executives at ESPN – and he wants more diversity behind the scenes
Dave Roberts Provided by ESPN Dave Roberts is a creature of habit. The ESPN executive, who has emerged as an influential force behind the scenes at the network, prefers to take business meetings at the Four Seasons, for instance. In 2015, sports media personality and regular ESPN panelist Bomani Jones was in Los Angeles to […]
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Sheryl Sandberg sold $1.7 billion worth of Facebook stock over the last decade
Sheryl Sandberg leaves Meta as one of the highest-profile and most successful women in tech — and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she is stepping down from her role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg will remain on the social media […]
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Stocks making the biggest moves midday: Microsoft, Chewy, GameStop, MongoDB & more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft — Shares of the technology giant slipped 0.6% after Microsoft cut its earnings and revenue guidance for the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the […]
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The IRS is working to increase its audit rates for higher earners
Jeffrey Coolidge | Photodisc | Getty Images The IRS is working to boost its audit rates for the wealthiest Americans, according to a statement recently released with the agency’s annual Data Book, covering activities for the 2021 fiscal year. While plummeting audits have drawn scrutiny from Congress, percentages have doubled for filers making over $100,000 to more […]
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Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. “Right now, it’s […]
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More than half of Americans say they are ‘pro-choice,’ the most since 1995, Gallup finds
Activists hold Pro-Choice posters. Local pro-Choice activists gathered at the Alberta Legislature in solidarity with US women to protest in defense of abortion rights. On Sunday, May 8, 2022, in Edmonton, Alberta, Canada. Artur Widak/ | Nurphoto | Getty Images The percentage of Americans who identify themselves as “pro-choice” hit 55% — its highest level […]
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