Day: October 20, 2023
Dropbox handing in excess of 25% of San Francisco HQ back to landlord as business real estate softens
Drew Houston, Dropbox Co-Founder and CEO. Arun Nevader | CNBC Dropbox explained Friday that it’s agreed to return over a person quarter of its San Francisco headquarters to the landlord as the professional real estate industry proceeds to soften subsequent the Covid pandemic. In a filing, Dropbox claimed it agreed to surrender to its landlord […]
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UAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan September 29, 2023. Rebecca Cook | Reuters DETROIT – The United Auto Workers union believes there is “more to be won” in ongoing contract negotiations with the Detroit automakers following five weeks of labor strikes against the […]
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Supreme Court blocks restrictions on Biden administration efforts to remove contentious social media posts
The US Supreme Court in Washington, DC, on June 27, 2023. Kevin Dietsch | Getty Images WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration’s ability to communicate with social media companies about contentious content on such issues as Covid-19. The decision in […]
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Tesla stock finishes the week down 15%, the worst general performance of the yr
Tesla shares dropped a lot more than 15% more than the last handful of times to near the 7 days at $211.99 following CEO Elon Musk waxed pessimistic about macroeconomic challenges on a third-quarter earnings connect with Wednesday. It marks the worst 7 days for Tesla stock of the yr, though shares of the electric […]
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Okta shares fall just after firm suggests shopper data files have been accessed by hackers by using its support system
The Okta brand on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Photographs Shares of cybersecurity agency Okta fell almost 11% just after the corporation claimed that an unidentified hacking group had accessed documents which “specified Okta shoppers” had uploaded to Okta’s support technique. The business stated that the hackers were ready to entry the […]
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Goldman’s technique for bigger charges and volatility: Invest in these stocks with superior funds returns
Goldman Sachs is eyeing stocks that can best navigate a large interest amount atmosphere. The benchmark 10-year Treasury yield surpassed the 5% amount Thursday for the 1st time given that July 2007. The 10-calendar year has been surging so significantly in October, climbing about 50 basis details from the commence of the thirty day period. […]
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‘Incredibly harsh’: Up to 600 People are trapped in besieged Gaza
Hundreds of American citizens are trapped in the besieged Gaza Strip less than continuous Israeli bombardment and have been given no enable in discovering approaches to escape, in accordance to interviews with individuals on the ground. The Point out Section claims as quite a few as 600 Us citizens are in the enclave that because […]
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Prosecutors in Bankman-Fried trial assess protection argument to ‘Dumb and Dumber’
Previous FTX Chief Govt Sam Bankman-Fried, who faces fraud expenses about the collapse of the bankrupt cryptocurrency exchange, walks outdoors the Manhattan federal court in New York Town, U.S. March 30, 2023. Amanda Perobelli | Reuters Prosecutors in the criminal trial from FTX founder Sam Bankman-Fried in contrast one of the defense’s arguments to a […]
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The chip inventory is having a ton of love from Wall Road, and it’s not Nvidia
A main chipmaker is obtaining a lot of adore on Wall Street — and no, it can be not Nvidia . Taiwan Semiconductor Manufacturing Business posted third-quarter outcomes Thursday that topped analysts’ anticipations. Even though the organization documented its premier gain drop considering that 2019, it signaled a looming close to a complicated stock correction. […]
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Shares producing the greatest moves midday: SolarEdge, Regions Economic, Merck and extra
Check out out the companies creating headlines in midday trading. Schlumberger — The oilfield services stock dropped 2% after 3rd-quarter earnings missed Wall Road expectations. Schlumberger reported $8.31 billion in income for the quarter, underneath the consensus estimate of $8.33 billion from analysts polled by LSEG, previously known as Refinitiv. Also, Schlumberger claimed 78 cents […]
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