Month: August 2022
Covid can rebound even in people who haven’t taken Paxlovid, study finds
This photo taken on July 31, 2022 shows a health worker taking a swab sample from a woman to be tested for the Covid-19 coronavirus at a swab collection site in Guangzhou, in China’s southern Guangdong province. Around a third of people with Covid will experience a rebound of their symptoms, regardless of whether they’ve […]
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Eric Schmitt beats former Gov. Eric Greitens in Missouri GOP Senate primary, NBC projects
FARMINGTON, MISSOURI – JULY 31: Missouri Attorney General and Republican Senate candidate Eric Schmitt speaks to supporters in Hall Pavilion at Englar Park on July 31, 2022 in Farmington, Missouri. Schmitt is holding campaign events on the last weekend before the August 2nd primary elections in Missouri. He is the front runner in the primary […]
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Trump-backed gubernatorial candidate Tudor Dixon wins Michigan Republican primary
Republican Michigan Gubernatorial candidate Tudor Dixon, flanked by her children, speaks with members of the media outside the Norton Shores Fire Station 3 after voting on Tuesday, Aug. 2, 2022 in Grand Rapids, MI. Kent Nishimura | Los Angeles Times | Getty Images Tudor Dixon, a former conservative commentator and actor endorsed by ex-President Donald […]
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Alibaba could see first revenue decline on record but analysts expect sales recovery later this year
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba’s revenue could decline for the first time on […]
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Bankrupt crypto lending platform Celsius is trying to hire its CFO back at $92,000 a month, filings say
Embattled lending platform Celsius wants to bring back ex-CFO Rod Bolger and pay him about $92,000 a month, prorated over a period of at least six weeks. The embattled lender says it needs Bolger to help it navigate bankruptcy proceedings as an advisor, according to a motion filed with the Southern District of New York. […]
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Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’
James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, even though he expects the central bank will need to keep hiking rates to control inflation. “I think that inflation has come in hotter than what I would have expected […]
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Robinhood cutting about 23% of jobs, releases second-quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the fintech company will reduce its headcount by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.” Robinhood […]
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MicroStrategy CEO Saylor moves to chairman role, focusing on strategy and bitcoin
MicroStrategy’s Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement released by the company on Tuesday afternoon. The company’s president, Phong Le, will take the reins from Saylor. Saylor has been in the role of chief executive since launching the company in 1989. MicroStrategy went […]
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GXO Logistics customers are doing well despite economic slowdown buzz, CEO says
GXO Logistics customers are still doing well even as Wall Street fears that the economy is headed for a downturn, CEO Malcolm Wilson told CNBC’s Jim Cramer on Tuesday. “We just finished our quarter … nearly half a billion dollars of new customer contracts signed, and our business growing at 20% organic revenue. That’s a […]
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Cramer’s lightning round: AST SpaceMobile is not a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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