Month: July 2024
CNBC’s Inside India newsletter: How will India spend its billions?
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report […]
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European stocks close slightly lower as ECB holds interest rates steady, Volvo Cars jumps 9%
23 February 2024, Hesse, Frankfurt/Main: The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images) Boris Roessler | Picture Alliance | Getty Images European markets closed slightly lower on Thursday, slipping from gains held through most of the session […]
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Penn lays off about 100 employees as it focuses on ESPNBet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty Images Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational […]
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Ukraine’s Zelenskyy gets personal with self-appointed ‘peace’ negotiator Orban
Ukrainian President Volodymyr Zelensky attends the European Political Community (EPC) summit at the Blenheim Palace in Woodstock, Oxfordshire, United Kingdom on July 18, 2024. Anadolu | Getty Images OXFORD, England — Ukraine’s President Volodymr Zelenskyy on Thursday hit out at European leaders who “betray” Kyiv’s interests in a thinly veiled attack against Hungarian President Viktor […]
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‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say
Key Points The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles. Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements. It may be easier to get a $7,500 credit by leasing an […]
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Bank of England reports problems with CHAPS payments system
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England said on Thursday that a “global payments issue” was affecting the interbank payments service CHAPS, delaying some high-value and time-sensitive payments including some […]
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OpenAI debuts mini version of its most powerful model yet
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Jason Redmond | AFP | Getty Images OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup’s latest effort to expand use of its popular chatbot. The company called the new release “the most […]
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Amazon Prime Day drives U.S. online sales to record $14.2 billion
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Online spending in the U.S. surged 11% year over year to $14.2 billion during Amazon‘s 48-hour Prime Day event, topping estimates and setting a new record, according to […]
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SEC sues Trump Media SPAC ex-CEO Patrick Orlando for alleged fraud
The US Securities and Exchange Commission (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024. Graeme Sloane | Bloomberg | Getty Images The U.S. Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him of lying about his firm’s plans to combine with Donald […]
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Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
People look at a virtually complete Stegosaurus fossil on display at Sotheby’s on July 10, 2024 in New York City. Alexi Rosenfeld | Getty Images Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s Wednesday, marking the most valuable fossil ever sold at […]
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