Month: June 2022
Biden will call for tighter gun laws in televised address Thursday night, following Uvalde and Tulsa massacres
US President Joe Biden speaks at the US Coast Guard (USCG) change of command ceremony at USCG Headquarters in Washington, DC, on June 1, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday will renew calls on Congress to pass new gun restrictions — on the heels of mass shootings that […]
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Winklevoss twins’ Gemini cutting 10% of its staff, saying ‘crypto winter’ is here
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co. on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Billionaire bitcoiners Cameron and Tyler Winklevoss are laying off 10% of the […]
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Harvey Weinstein’s sex crime convictions upheld by New York court
Former film producer Harvey Weinstein listens in court during a pre-trial hearing for Weinstein, who was extradited from New York to Los Angeles to face sex-related charges in Los Angeles, California on July 29, 2021. Etienne Laurent | AFP | Getty Images A New York appeals court has upheld Harvey Weinstein’s rape and sexual assault […]
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New CNN boss has a message for staffers: Cool it with the ‘Breaking News’ banner
Executive producer Chris Licht of the television show Our Cartoon President speaks onstage during the CBS/Showtime portion of the 2018 Winter Television Critics Association Press Tour at The Langham Huntington, Pasadena on January 6, 2018 in Pasadena, California. Frederick M. Brown | Getty Images New CNN chief Chris Licht has a message for his employees: […]
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Find stability in this turbulent market – and a cash payout – with these stocks
Markets have logged wild swings in recent weeks and the new month kicked off Wednesday in similar fashion. But even in an unpredictable market, several companies are well-positioned to offer a good dividend payout and low volatility. Stocks are grappling with a murky start to the year as the Federal Reserve hikes rates and shrinks […]
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These defensive stocks can protect your portfolio from stagflation, Jefferies says
With “slight or modest” economic growth , inflation still at 40-year highs and a slowdown in hiring , the market could be heading for a period of stagflation, and investors should look to defensive stocks to protect their portfolios, according to Jefferies. Investors have been concerned that a recession may be on the horizon, though […]
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The energy in nuclear waste could power the U.S. for 100 years, but the technology was never commercialized
EBR-II at the US Department of Energy’s Idaho National Laboratory. Photo courtesy Idaho National Laboratory There is enough energy in the nuclear waste in the United States to power the entire country for 100 years, and doing so could help solve the thorny and politically fraught problem of managing spent nuclear waste. That’s according to […]
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Michael Avenatti sentenced to 4 years in prison for stealing from Stormy Daniels
Stormy Daniels and attorney Michael Avenatti are seen at The Abbey on May 23, 2018 in West Hollywood, California. Tara Ziemba | Getty Images A federal judge in New York on Thursday sentenced disgraced lawyer Michael Avenatti to four years in prison for stealing from his former client, onetime adult film actor Stormy Daniels, who […]
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Amazon to shut down Kindle store in China
Amazon Kindle Getty Images Amazon will shut its Kindle ebook store in China next year, marking the latest retreat by a U.S. tech giant in the market. Kindle users in China will no longer be able to purchase new books after the ebook shop closes on June 30, 2023, Amazon announced on its Weibo account […]
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Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%
Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. “Our recent public fund performance […]
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