Day: August 4, 2023
Astra conducts layoffs, raises debt and shifts focus to spacecraft engines in bid to survive
An Astra Spacecraft Engine during testing. Astra Struggling space company Astra is cutting 25% of its workforce, the company announced on Friday, and restructuring to focus more on its spacecraft engine business, which will delay progress on the small rocket it has been developing. Astra is cutting about 70 employees, as well as reallocating about […]
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Softbank sues social media startup it invested in, alleging it faked person quantities
In the course of a latest earnings presentation, SoftBank Founder Masayoshi Son (pictured in this article in 2019) reported the firm will go into “protection” mode as a result of myriad headwinds that have roiled international markets. Tomohiro Ohsumi | Getty Photos Softbank’s Vision Fund filed suit versus the founders of 1 of its portfolio […]
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Apple shares fall most because Sept. 2022 immediately after 3rd quarter earnings report
Apple CEO Tim Prepare dinner listens as U.S. President Joe Biden speaks through a roundtable with American and Indian organization leaders along with in the East Space of the White Household on June 23, 2023 in Washington, DC. Anna Moneymaker | Getty Illustrations or photos Apple shares fell 4.8% on Friday, the working day after […]
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Decide narrows case in Google antitrust suits introduced by states and DOJ
Google CEO Sundar Pichai testifies ahead of the Property Judiciary Committee at the Rayburn Residence Place of work Constructing on December 11, 2018 in Washington, DC. Alex Wong | Getty Images A federal decide narrowed the scenario that states and the Division of Justice can make in the antitrust demo versus Google commencing in September, […]
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JPMorgan backs off recession phone even with ‘very elevated’ challenges
JPMorgan Chase economists on Friday bailed on their recession connect with, signing up for a escalating Wall Avenue refrain that now thinks a contraction is no for a longer period unavoidable. When noting that risks are however substantial and advancement forward is probably to be gradual, the bank’s forecasters imagine the knowledge move indicates a […]
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Florida State University taps JPMorgan to help find potential investors
The Westcott Building on the campus of Florida State University, Tallahassee, Florida. Education Images | Universal Images Group | Getty Images Florida State University has been working with JPMorgan as it explores options to bring in funding from institutional investors, according to a person familiar with the matter. The discussions have been ongoing in recent […]
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Here are the 5 price-target changes and 4 trades we made during this busy earnings week
In a jam-packed week of earnings, the Club executed multiple trades and elevated price targets for some of our biggest stocks. Many of these moves stemmed from what we saw in quarterly numbers and heard on conference calls. Here’s a day-by-day look at the portfolio action. Monday The week began with our decision to exit […]
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‘Barbie’ is a lot less than $100 million absent from a billion-dollar box office environment heading into 3rd weekend
Barbie The Movie Courtesy: Warner Bros. “Barbie” is less than $100 million away from topping $1 billion at the worldwide box business. Heading into the weekend, the bubblegum pink flick from Warner Bros. Discovery and Mattel has tallied $916.1 million. It really is expected to strike the coveted billion-dollar benchmark just before Monday. “Signing up […]
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Shoppers may perhaps shortly get up to $14,000 in rebates for generating electrical power-productive updates to their home — if states signal on
Critical Points The Inflation Reduction Act, which President Joe Biden signed in August 2022, established rebate programs for people tied to strength performance. There are two Dwelling Energy Rebates plans: The Household Efficiency Rebates Program and the House Electrification and Appliance Rebates System. Buyers can most likely get up to $14,000 or extra towards the […]
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