Month: July 2022
Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion
Michl Binderbauer, CEO of TAE Technologies Photo courtesy TAE Technologies Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean […]
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FBI says fake crypto apps defrauded investors of more than $42 million
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images The FBI recently issued a warning to consumers about fraudulent crypto applications that have scammed 244 victims out of about $42.7 million since October 2021. “The […]
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Sen. Lindsey Graham agrees to accept subpoena in Trump election meddling case
Sen. Lindsey Graham (R-SC) speaks during a press conference at the U.S. Capitol May 10, 2022 in Washington, DC. Win Mcnamee | Getty Images Sen. Lindsey Graham agreed Tuesday to accept service of a subpoena for his testimony before a Georgia grand jury investigating possible criminal meddling in the 2020 election by then-President Donald Trump. […]
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Crypto developers descend on Paris to party underground at the Catacombs as turmoil grips the industry
Skulls and bones stacked at the Catacombs of Paris AFP/Patrick Kovarik PARIS — About 65 feet below ground level in Paris is a labyrinth of centuries-old tunnels known as the Catacombs, which hold the skeletal remains of around six million Parisians. Legend has it that plague victims comprised some of the bones lining the hallways. […]
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National Archives asks Secret Service to investigate ‘potential unauthorized deletion’ of Jan. 6 texts
Tear gas is released into a crowd of protesters, with one wielding a Confederate battle flag that reads “Come and Take It,” during clashes with Capitol police at a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress, at the U.S. Capitol Building in Washington, U.S, January 6, […]
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Apple agrees to pay up to $395 to MacBook owners who replaced ‘butterfly’ keyboards
The keys on the keyboard take some getting adjusted to. Todd Haselton | CNBC Apple agreed to a $50 million settlement in a class-action lawsuit on Monday night over the company’s “butterfly keyboard,” which was installed on MacBook laptops between 2015 and 2019. The settlement will likely lead to payouts to customers in seven U.S. […]
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‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to appear at banks’ Wall Street operations, the core lending and deposits […]
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Airlines are struggling with lost and delayed bags: What to know and how to pack if you’re traveling this summer
Tim Boyle | Getty Images News | Getty Images Air travel has been rocky this summer — and baggage problems factor among many other issues for travelers like flight cancellations and delays. Nearly 220,000 bags were “mishandled” by U.S. airlines in April 2022, meaning they were lost, damaged, delayed or stolen, according to most recent […]
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House to vote on same-sex marriage protections in response to Supreme Court Roe ruling
The House plans to vote Tuesday on legislation to codify same-sex marriage nationwide and strengthen other marriage-equality protections, in a direct reaction to the Supreme Court’s recent ruling that overturned longstanding federal abortion rights. The Respect for Marriage Act would establish that a marriage is considered valid under federal law if it was legal in […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Apple to slow down hiring — what this means for the market 2. JNJ earnings: business is still very strong 3. Halliburton reports better-than-expected earnings 4. Quick mentions: PXD, […]
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