Month: June 2022
European markets close lower after ECB meeting, U.S. inflation shock; Stoxx 600 down 2.7%
LONDON — European stocks closed lower on Friday as investors reacted to the European Central Bank’s latest policy decisions and a hotter-than-expected U.S. inflation print. The pan-European Stoxx 600 ended the day down 2.7%, with banks shedding 4.9% to lead losses as all sectors and major bourses closed in negative territory. The ECB on Thursday […]
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Peter Thiel bitcoin fellow Erik Finman tries to sway 2022 midterms with up to $20 million for GOP campaigns
Erik Finman, who became a bitcoin millionaire by the time he was 18, is spending up to $20 million on Republican candidates running for Congress in the 2022 midterm elections. Finman, 23, said he wants to donate $10 million toward GOP candidates and political action committees, including Saving Arizona, a super PAC backing Trump-endorsed Arizona […]
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Here are Friday’s biggest analyst calls of the day: Tesla, DocuSign, Netflix, Roblox, Apple & more
Here are Friday’s biggest calls on Wall Street: Loop reiterates Apple as buy Loop said it sees production delays for some versions of the iPhone 14 later this year. “As we have been signaling for a few months, the iPhone 14 Pro Max device is running slightly behind schedule and could result in a staggered/delayed […]
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El-Erian says the Fed has to move aggressively to beat inflation
Noted economist Mohamed El-Erian said Friday that the Federal Reserve has to take bold action immediately to restore confidence that this inflation surge can be tamped down. “He needs to regain control of the inflation narrative … now he’s losing total control,” El-Erian said on “Squawk Box ” about Fed Chair Jerome Powell. “He’s got […]
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DocuSign shares plunge 24% on profit miss and downgrades
The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Shares of DocuSign plunged as much as 24% on Friday after the e-signature software maker posted fiscal first-quarter earnings that fell short of analysts’ estimates. DocuSign on Thursday […]
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At Asia security summit, Japan vows to boost regional security role
Japanese Prime Minister, Fumio Kishida, speaks during a press conference on March 16, 2022 in Tokyo, Japan. Stansislav Kogiku | Getty Images Japan’s Prime Minister Fumio Kishida pledged on Friday to boost its regional security presence to counter multiple threats, from China’s expansion in the South China Sea to North Korea’s nuclear missile program. Earlier, […]
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Wickr, Amazon’s encrypted chat app, has a child sex abuse problem — and little is being done to stop it
Pavlo Gonchar | Lightrocket | Getty Images Wickr Me, an encrypted messaging app owned by Amazon Web Services, has become a go-to destination for people to exchange images of child sexual abuse, according to court documents, online communities, law enforcement and anti-exploitation activists. It’s not the only tech platform that needs to crack down on […]
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Inflation rose 8.6% in May, highest since 1981
Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called […]
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Here’s how to make money off the clothes you used to wear to the office
Westend61 | Westend61 | Getty Images Many workers are finding themselves in an office less often than before the pandemic, and some haven’t gone back at all. So what to do with all those office clothes hanging in your closet? Here are some ideas. Get cash for your clothes You can sell your work clothing […]
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Sriracha hot sauce maker warns of shortage lasting through the summer
A photo of Sriracha Hot Chili Sauce made by the California-based Huy Fong Foods, which is one of the most popular hot sauces, in New Jersey, United States on June 09, 2022. Lokman Vural Elibol | Anadolu Agency | Getty Images Attention hot sauce fans: There is likely to be a shortage of Sriracha sauce […]
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