Month: August 2024
Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s social media platform X has sued a group of advertisers, alleging that a “massive advertiser boycott” deprived the company of billions of dollars in revenue and violated antitrust laws. The company formerly known as Twitter filed the lawsuit Tuesday in a federal court in Texas against […]
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Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts’ estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Revenue […]
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Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Microsoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant and CrowdStrike for thousands of flight cancellations in the wake of a […]
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Democrats passed over for Harris running mate rally around Tim Walz
Josh Shapiro, governor of Pennsylvania, speaks during a rally in support of Kamala Harris for president, along with Gretchen Whitmer, governor of Michigan, at Wissahickon High School in Ambler, Pennsylvania, on July 29, 2024. Lev Radin | Lightrocket | Getty Images Democrats who were vetted as potential running mates for Vice President Kamala Harris praised […]
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Harvard must face lawsuit over antisemitism on campus, US judge says
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty Images Harvard University failed to persuade a U.S. judge to dismiss a lawsuit in which Jewish students accused the Ivy League school of letting its campus […]
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Kenya central bank cuts main lending rate by 25 basis points
Nairobi cityscape – capital city of Kenya, East Africa Jacek_sopotnicki | Istock | Getty Images Kenya’s central bank cut its benchmark lending rate by 25 basis points to 12.75% on Tuesday, saying there was scope for a gradual easing of its policy stance while ensuring continued exchange rate stability. “The MPC (Monetary Policy Committee) noted […]
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Dow rallies 200 points, S&P 500 up 1% as Wall Street rebounds from sell-off: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images Stocks jumped Tuesday, recovering some some losses from the previous trading session. The S&P 500 traded 1.3% higher. The Dow Jones Industrial Average rose 286 points, or […]
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Elon Musk slammed by government after comments on UK riots
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images LONDON — The U.K. government hit back at Elon Musk after the billionaire made […]
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Bitcoin rises as crypto and other risk assets look to rebound from sell-off
Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months. The price of the flagship cryptocurrency was last higher by 4% at $55,342.00, according to Coin Metrics. Ether, rose more than 2% to $2,452.22. However, stocks tied to the price of bitcoin […]
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Harris taps Minnesota Gov. Tim Walz as Democratic running mate
Vice President Kamala Harris chose Minnesota Gov. Tim Walz as her Democratic running mate for the 2024 presidential election, three people familiar with the choice tell NBC News. The two are scheduled to appear together later in the day Tuesday in Philadelphia. Walz, 60, in the past two weeks has been on a short list […]
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