Month: February 2023
FedEx is laying off 10% of its officers and directors amid cooling demand
Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced Wednesday, as the company slashes corporate jobs to cut costs amid cooling consumer […]
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Snap shares tumble 10% following disappointing fourth-quarter report
Evan Spiegel, co-founder and chief govt officer of Snap Inc., speaks in the course of the virtual Google Pixel Drop Start occasion in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Snap tumbled 10% on Wednesday, a day soon after the enterprise introduced a disappointing quarterly report […]
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Ukraine war live updates: U.S. reportedly readying $2 billion aid package for Ukraine; Kyiv signals reforms ahead of EU summit
Five ships leave Ukrainian ports under Black Sea Grain Initiative An aerial view of the Turkish-flagged ship “Polarnet” carrying grain from Ukraine is seen at the Derince Port, Kocaeli, Turkiye on August 08, 2022. Omer Faruk Cebeci | Anadolu Agency | Getty Images Five vessels carrying 216,719 metric tons of grain and other food products […]
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GoodRx to be barred from sharing wellbeing info for advertisements below proposed FTC settlement
GoodRx signage on the outside the house of the Nasdaq on the working day of its IPO, September 23, 2020. Supply: GoodRx The Federal Trade Commission proposed to forever bar prescription drug comparison web page GoodRx from sharing users’ well being information with 3rd functions for promoting applications, the agency explained Wednesday. In a “initial-of-its-form […]
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Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology and new companies are working on turning ammonia into hydrogen to power tractors, trucks and even ships. The heavy duty trucking industry alone accounts for […]
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Live updates of the Federal Reserve’s big rate decision and Powell’s press conference
Powell expects growth at a ‘subdued pace’ in 2023 Fed Chair Jerome Powell is bracing for growth this year, albeit at a “subdued pace.” “My base case is that there will be positive growth this year,” he said during a press conference Wednesday. — Samantha Subin Powell says it is ‘certainly possible’ Fed funds rate […]
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Fed raises prices a quarter place, expects ‘ongoing’ increases
enjoy now Movie1:4001:40 Fed raises premiums by 25 foundation factors, expects ‘ongoing’ raises The Trade The Federal Reserve on Wednesday lifted its benchmark curiosity level by a quarter percentage point and gave very little sign it is nearing the finish of this hiking cycle. Aligning with market place expectations, the fee-environment Federal Open Marketplace Committee boosted […]
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Britain sets out plans to regulate crypto market in wake of FTX collapse
British Primary Minister Rishi Sunak speaks in the course of a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Pictures Information The U.K. formally laid out strategies to control the cryptocurrency field, with the federal government hunting to rein in some of the reckless business practices that emerged […]
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Philadelphia Eagles player indicted on rape and kidnapping charges days before he’s set to play in the Super Bowl
Philadelphia Eagles guard Josh Sills looks on during training camp on August 7, 2022 at Lincoln Financial Field in Philadelphia PA. Andy Lewis | Icon Sportswire | Getty Images An Ohio grand jury indicted Philadelphia Eagles backup offensive lineman Joshua Sills on charges of rape and kidnapping, officials said Wednesday. He was ordered to appear in court Feb. 16, […]
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Meta acquisition of Inside of reportedly authorized by court docket in loss for FTC
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, comes at federal court docket in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Pictures Facebook-operator Meta will be permitted to invest in In Limitless, the maker of digital fact fitness application Supernatural, Bloomberg, The Wall Street […]
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