Month: July 2024
First Ariane 6 rocket launches, as Europe rejoins a market dominated by Musk’s SpaceX
The European Space Agency (ESA) satellite launcher Ariane 6 rocket moves to the launch pad prior its lift off at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024. Jody Amiet | Afp | Getty Images The powerful European-built Ariane 6 rocket made its long-awaited liftoff on Tuesday, as the region returned […]
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UiPath to lay off 10% of workforce in companywide restructuring
Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty Images UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of […]
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New Jersey Democratic power broker pleads not guilty to state racketeering charges
New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney’s courtroom at City Hall in Philadelphia. Matt Rourke | AP The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take […]
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Senators seek special counsel probe of Supreme Court Justice Clarence Thomas
Associate Justice Clarence Thomas during the formal group photograph at the Supreme Court in Washington, DC, US, on Friday, Oct. 7, 2022. Eric Lee | Bloomberg | Getty Images Two Democratic Senate committee leaders asked the Justice Department to appoint a special counsel to investigate whether Supreme Court Justice Clarence Thomas broke federal tax and […]
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Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped 1.8% following KeyBanc’s price target hike to $180, which implies about 40% upside from Monday’s close. The firm said demand for Nvidia’s H100 chip “remains robust” even with the imminent launch of Blackwell in the second half […]
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Democrats hold pivotal meetings on Biden, as divisions deepen after Trump debate
President Joe Biden returns to the White House, July 7, 2024. Kevin Dietsch | Getty Images House Democrats convened at their national party headquarters in Washington on Tuesday for a pivotal closed-door meeting, as members weigh whether to continue backing President Joe Biden’s reelection bid or seek his withdrawal from the race. Lawmakers had no […]
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Hedge funds post mediocre first-half performance with some big names only up single digits
So far this year, hedge fund managers have failed to beat the S & P 500 , one of the cheapest, easily available investment vehicles for ordinary investors. Hedge funds returned just 5% in the first half of the year after a 0.2% loss in June, with event-driven strategies the biggest laggards, according to data […]
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Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
Company founder Bill Shufelt (left) and head brewer John Walker pause at the Athletic Brewing’s non-alcoholic brewery and production plant on March 20, 2019 in Stratford, Connecticut. Spencer Platt | Getty Images Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it’s raised an additional $50 million in equity financing in a round led by General […]
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Greece defends new six-day working week legislation, says it’s an ‘exceptional measure’
The Parthenon temple is seen empty due to heatwave in Athens, Greece on June 12, 2024. Costas Baltas | Anadolu | Getty Images The Greek government has defended its new six-day working week policy, saying it is an “exceptional measure” that would only be applied in “specific circumstances.” Greece introduced in early July new regulation […]
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Putin hosts India’s Modi to deepen ties, but Ukraine looms over their relationship
Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow on Tuesday, seeking to deepen the relationship between the two nuclear powers at a time when NATO leaders gathered in Washington and Russia launched deadly missile attacks in Ukraine that hit a children’s hospital. “Our relationship is one of a particularly privileged strategic partnership,” Putin told Modi, who made […]
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