Month: June 2022
Stock futures are flat after markets claw back some losses from weeks of selling
U.S. stock index futures were flat overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 were little changed. During regular trading Tuesday, the Dow surged 641 points, or 2.15%. […]
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SpaceX ramps up FCC battle over broadband usage the company says poses an existential threat to Starlink
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images WASHINGTON – Elon Musk’s SpaceX on Tuesday ramped up a battle over broadband regulations with Dish Network and an affiliate of […]
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Senators say agreement on gun violence compromise is at hand
Sen. Chris Murphy, D-Conn., conducts a news conference after the senate luncheons in the U.S. Capitol on Tuesday, June 14, 2022. Senate Majority Leader Charles Schumer, D-N.Y., appears at left. Tom Williams | Cq-roll Call, Inc. | Getty Images Senators have moved to the brink of an agreement on a bipartisan gun violence bill, Democrats’ […]
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DOJ settles lawsuit with Facebook over allegedly discriminatory housing advertising
Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington on Oct. 23, 2019. Xinhua News Agency | Getty Images The Department of Justice reached a settlement with Facebook owner Meta over […]
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Stocks making the biggest moves midday: Exxon Mobil, Alphabet, Kellogg, Charles Schwab and more
Gas pumps sit empty at an Exxon gas station in Charlotte, North Carolina on May 12, 2021. LOGAN CYRUS | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Exxon Mobil — Shares of Exxon Mobil jumped 6.3% after Credit Suisse upgraded them to outperform from neutral and said they […]
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Mark Zuckerberg showed these prototype headsets to build support for his $10 billion metaverse bet
The company formerly known as Facebook is going to spend $10 billion this year on research and development on virtual reality and augmented reality technologies, including computerized glasses or headsets. On Monday, Meta CEO Mark Zuckerberg showed off how much progress the social media company has made towards that goal by revealing many of the […]
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Bank of America and Citigroup are flagged for potential losses on risky loan deals by rival JPMorgan
Fund outflows and tightening conditions in a key corner of the credit markets have left big banks with an estimated $2 billion in losses, according to JPMorgan Chase . Bank of America and Citigroup have the most exposure to so-called hung loan deals within the coverage universe of JPMorgan analyst Vivek Juneja, according to a […]
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Lowe’s expands into the metaverse with a tool to help visualize projects
Lowe’s Metaverse Open Builder. Courtesy: Lowe’s It seems like every company is getting into the metaverse these days. Lowe’s doesn’t want to miss out on the opportunity to use it to help builders imagine projects. But unlike other retailers that chose a particular virtual platform or game like Fortnite or Roblox, Lowe’s metaverse assets – […]
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Naomi Osaka launches media company in partnership with Lebron James
Tennis Player, Naomi Osaka poses for a photo with LeBron James #23 of the Los Angeles Lakers after the game on April 4, 2019 at STAPLES Center in Los Angeles, California. Andrew D. Bernstein | National Basketball Association | Getty Images Four-time Grand Slam winner Naomi Osaka is launching a media production company in partnership […]
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Activision Blizzard shareholders approve proposal for report on abuse and harassment
Robert “Bobby” Kotick, chief executive officer of Activision Blizzard Inc., speaks during an interview in New York, U.S., on Wednesday, Nov. 10, 2010. Activision Blizzard Inc., controlled by Paris-based Vivendi SA, released “Call of Duty: Black Ops” worldwide yesterday and plans a new release of their “World of Warcraft” game in December. Jin Lee | […]
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