Month: September 2024
Meet the Latin American e-commerce platform that’s outperforming Amazon this year
One of the world’s largest e-commerce companies is emerging as a top pick on Wall Street as investors look for tech opportunities beyond the Magnificent Seven. MercadoLibre, an Argentinian e-commerce and payments platform that’s incorporated in Delaware and actively traded on Nasdaq, is up 34% in 2024, compared to a roughly 27% rise for Amazon, […]
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FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, the star witness in the prosecution of her former boyfriend, FTX founder Sam Bankman-Fried, was sentenced Tuesday in New York federal court to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion. The prison […]
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Trump floats expanded R&D business tax credits, says he would appoint ‘manufacturing ambassador’
Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Johnny Mercer Theatre in Savannah, Georgia, on Sept. 24, 2024. Chandan Khanna | AFP | Getty Images Former President Donald Trump unveiled several new manufacturing proposals at a rally in Savannah, Georgia, on Tuesday, part of an effort to sharpen […]
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Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia’s biggest economy to spur growth. Dimas Ardian | Bloomberg | Getty Images Tech giant Microsoft will invest […]
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Justice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything’
Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in […]
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Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce’s Dreamforce in San Francisco on Sept. 17, 2024. Justin Sullivan | Getty Images News | Getty Images Nvidia CEO Jensen Huang is done selling the chipmaker’s stock for the time being, cashing […]
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Healthy Returns: Weight loss drug Wegovy could face Medicare price negotiations next
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. Good afternoon! Wegovy, […]
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Brett Favre tells Congress he’s been diagnosed with Parkinson’s
Former NFL quarterback Brett Favre testifies before the House Ways and Means Committee at the Longworth House Office Building on September 24, 2024 in Washington, DC. Kevin Dietsch | Getty Images Former Green Bay Packers quarterback Brett Favre said he’s been diagnosed with Parkinson’s, a stunning disclosure made to Congress on Tuesday while testifying about […]
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A popular China ETF is surging Tuesday. It’s not time to jump in just yet, according to the charts
With China’s central bank revealing its most aggressive stimulus since the pandemic, the Shanghai Stock Exchange Composite Inde x ripped higher by more than 4%. Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that […]
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Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’
Republican presidential nominee, former U.S. President Donald Trump arrives for a campaign event, his first since a man carrying a rifle was arrested Sunday near where Trump was playing golf at his club in Florida, in the Dort Financial Center on September 17, 2024 in Flint, Michigan. Scott Olson | Getty Images Former President Donald […]
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