Month: July 2022
Highland Park victims Kevin and Irina McCarthy leave behind toddler who must ‘navigate life as an orphan’
HIGHLAND PARK, ILLINOIS, USA, JULY 05-An empty chairs and bicycles remain near the scene of the shooting in Highland Park, Illinois, on Monday, July 5, 2022. Jacek Boczarski | Anadolu Agency | Getty Images The parents of the 2-year-old boy found in the chaotic aftermath of the Highland Park parade shooting were identified Tuesday as Kevin and […]
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Microsoft’s $69 billion Activision takeover faces competition probe in the UK
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard’s games character. Dado Ruvic | Reuters The U.K.’s competition watchdog on Wednesday opened an investigation into Microsoft’s acquisition of video game publisher Activision Blizzard. It marks one of the first probes by a major antitrust enforcer into the $68.7 billion deal, which was […]
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5 things to know before the stock market opens Wednesday
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern U.S. stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished […]
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Stocks making the biggest moves premarket: Uber, DoorDash, Spirit, Altria and more
Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its “Prime” members. Amazon’s deal also gives it […]
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Amazon investigated by UK antitrust watchdog over its marketplace practices
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images The U.K.’s antitrust regulator on Wednesday said it is investigating Amazon over whether the U.S. e-commerce giant is hurting competition by giving an unfair advantage to its own retail business and sellers that use its services over third-party merchants on its marketplace. Britain’s Competition […]
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Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset […]
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Russia takes steps toward mobilizing economy for war; air alerts cover almost the whole of Ukraine
The battle for Sloviansk is fast approaching, UK says A market in Sloviansk was struck on July 5, 2022, following a suspected missile attack amid the Russian invasion of Ukraine. Miguel Medina | AFP | Getty Images Britain’s Ministry of Defense said a battle for the major city of Sloviansk on the front line in […]
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UK’s Boris Johnson fights for his political survival after top resignations and scandals
A snap YouGov poll conducted Tuesday found that 69% of Britons surveyed want Johnson to resign. The poll of 3,009 adults found that only 18% want him to stay on. Wpa Pool | Getty Images Entertainment | Getty Images LONDON — U.K. Prime Minister Boris Johnson’s leadership is hanging by a thread after the resignations […]
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Biden’s move to lift some China tariffs will likely be ‘modest’ in short term, former trade negotiator says
President Joe Biden could decide “pretty soon” on a modest relief package to roll back some U.S. tariffs imposed on China in an effort to tamp down inflation, said Clete Willems, who previously served as deputy director at the National Economic Council. “What we are expecting that the president is deciding on is a relatively […]
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OPEC Secretary General Mohammad Barkindo dies at age 63
Mohammad Sanusi Barkindo, secretary general of the Organization of Petroleum Exporting Countries. Aaron M. Sprecher | Bloomberg | Getty Images Mohammad Barkindo, a Nigerian politician and the secretary general of oil group OPEC, has died at the age of 63. The head of Nigeria’s National Petroleum Corporation, Mele Kyari, announced the news in a tweet Wednesday, which was confirmed by two sources at OPEC. “We lost our esteemed Dr Muhammad Sanusi Barkindo,” a tweet early Wednesday morning from his verified Twitter handle read. “He died at about […]
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