Month: June 2022
Salesforce shares jump on upbeat results in the face of tough economy
Marc Benioff, CEO of Salesforce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Salesforce shares jumped as much as 15% on Wednesday, after the cloud software vendor maker issued better-than-expected quarterly results and lifted its full-year profit forecast. On a day when most tech stocks and the broader equity […]
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Levi Strauss boosts sales outlook for next five years, banking on e-commerce strength
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss & Co. on Wednesday maintained its outlook for the full year and boosted its financial targets over the next five years as the […]
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SeatGeek terminates deal to go public with Billy Beane’s SPAC due to market volatility
General Manager Billy Beane of the Oakland Athletics. Michael Zagaris | Oakland Athletics | Getty Images Ticketing platform SeatGeek and black-check firm RedBall Acquisition Corp. decided to terminate their $1.35 billion take-public deal amid a roller-coaster market. The move was a result of current unfavorable market conditions, particularly impacting growth technology companies, according to SeatGeek […]
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California’s unprecedented reparations report details 150 years of anti-Black harm
A demonstrator raises a fist during a “Sit Out the Curfew” protest against the death of George Floyd who died on May 25 in Minneapolis whilst in police custody, along a street in Oakland, California on June 3, 2020. Philip Pacheco | AFP | Getty Images A new report from California’s first-in-the-country reparations task force […]
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WHO says monkeypox has been spreading undetected as global cases rise to more than 550
In this photo illustration, a photo of a hand infected with the Monkeypox virus is seen through a magnifying glass. Monkeypox is a viral disease that occurs mainly in central and western Africa. Rafael Henrique | Lightrocket | Getty Images The World Health Organization on Wednesday confirmed more than 550 monkeypox cases across 30 countries […]
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Need to tap your 529 college savings plan soon? Here’s how to handle a stock market downturn
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings plan balances. The average 529 account size was $30,287 in 2021, according to the College Savings Plans Network, but families may now have lower balances, financial […]
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Elon Musk reportedly tells Tesla workers to return to the office full time or resign
Elon Musk has reportedly told Tesla employees to come back into their respective offices at least 40 hours a week or leave the company. In two emails obtained by Electrek, Musk said that people must show up for at least 40 hours per week in a main Tesla office. “If you don’t show up, we […]
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Red Sox broadcaster becomes first regional sports network to offer standalone streaming service for games
Members of the Boston Red Sox look on during a team workout ahead of the 2021 Opening Day game on March 31, 2021 at Fenway Park in Boston, Massachusetts. Billie Weiss | Boston Red Sox | Getty Images The local cable network that airs Boston’s Major League Baseball and National Hockey League games is launching […]
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Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the […]
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At least 4 people dead in earthquakes in southwestern China
A 6.1 magnitude earthquake strikes 45 km W of Linqiong, China. Courtesy: USGS Two earthquakes killed at least four people and damaged houses in southwestern China on Wednesday, authorities and state media said. Fourteen others were injured, at least one seriously, state broadcaster CCTV said in an online report. All of the dead and injured were in […]
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