Day: October 11, 2023
IRS claims Microsoft owes an added $29 billion in back taxes
Microsoft CEO Satya Nadella comes at federal court on October 2, 2023 in Washington, DC. Nadella is testifying in the antitrust demo to decide if Alphabet Inc.’s Google maintains a monopoly in the online research business, which is envisioned to past into November. Drew Angerer | Getty Photos Microsoft acquired Notices of Proposed Adjustment from […]
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Here’s a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
Jim Cramer ran through the names during the Club’s October Monthly Meeting on Wednesday. Source
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Uber Eats now lets consumers buy from two shops at the identical time
The Uber Eats app on a smartphone in Dobbs Ferry, New York, on Feb. 6, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Pictures Uber introduced Wednesday that its Uber Eats app now lets customers to order from two shops at the same time. So, for example, if you want to order an Italian supper and […]
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YouTube passes Netflix as top video source for teens
Adolescents in the U.S. say they look at a lot more videos on YouTube than Netflix, according to a new study from expenditure bank Piper Sandler. Teenagers polled by the bank said they used 29.1% of their day-to-day movie consumption time on Google-owned YouTube, beating out Netflix for the very first time at 28.7%. Time […]
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Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of […]
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Chipotle plans price increases after pausing hikes this year
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters Chipotle Mexican Grill is planning to raise prices again. “For the first time in over a year, we will be taking a modest price increase to offset inflation,” Chipotle Chief Corporate Affairs Officer Laurie […]
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Currently a humanitarian disaster, war with Hamas could have important influence on Israel’s financial state
Israeli armuy troopers deploy at a position close to the border with Gaza in southern Israel on October 11, 2023. Menahem Kahana | AFP | Getty Pictures As Israel prepares for what could be a long war with massive humanitarian implications, there are also issues about how a protracted battle could weigh on the country’s […]
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Fed officials see ‘restrictive’ plan staying in position until inflation eases, minutes present
Jerome Powell, chairman of the US Federal Reserve, arrives to a news meeting pursuing a Federal Open up Market Committee (FOMC) assembly in Washington, DC, US, on Wednesday, March 22, 2023. Al Drago | Bloomberg | Getty Visuals Federal Reserve officers at their September meeting differed on regardless of whether any added curiosity level raises […]
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DOJ sues eBay for selling ‘rolling coal’ units fines could hit $2 billion
F-450 coal rolling Courtesy: Salvatore Arnone | Wikipedia CC Ebay could be on the hook for as a lot as $2 billion in fines for allegedly permitting hundreds of countless numbers of “rolling coal” pollution devices and other products that violate environmental laws to be marketed on its system. Rolling coal is the exercise of […]
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Birkenstock slides about 10% in stock market debut after opening at $41 per share
A Birkenstock banner hangs outside the New York Stock Exchange (NYSE) in New York on October 11, 2023, as Birkenstock launches an Initial Public Offering (IPO). Angela Weiss | Afp | Getty Images Shares of Birkenstock slid about 10% in their debut on the New York Stock Exchange on Wednesday, after the longtime German shoe […]
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