Month: September 2024
Amazon tells employees to return to office five days a week
Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon’s earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Now, the company is giving employees […]
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Larry Ellison becomes world’s second-richest man, dethroning Jeff Bezos as Oracle stock surges
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle shares surged more than 6% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the […]
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Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Cameron and Tyler Winklevoss are the biggest individual crypto donors this election […]
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This is the ‘billion-dollar blind spot’ of 401(k)-to-IRA rollovers, Vanguard finds
Key Points Moving money from a workplace retirement plan like a 401(k) plan to an individual retirement account is common when switching jobs or retiring. Savers are often unaware their 401(k)-to-IRA rollovers sit in cash as a default. Holding excess cash is generally a mistake for long-term investors. Source
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Apple releases iOS 18 for iPhones, but it doesn’t include Apple Intelligence
CEO of Apple Tim Cook shows a peace sign as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. Manuel Orbegozo | Reuters Apple on Monday released iOS 18, the latest version of its software for iPhones. This is Apple’s biggest iPhone update of the […]
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Apple iOS 18 update is live: These are the most important new iPhone security features to protect your private life
Apple released the latest version of its iPhone operating system, iOS 18, on Monday, including several new security and privacy features. The rollout comes a week after Apple unveiled new versions of the iPhone, AirPods and Apple Watch. Preorders for the new iPhones began Friday and will be widely available on Sept. 20. Some consumer […]
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Harris to meet with Teamsters as campaign chases union endorsement
International Brotherhood of Teamsters General President Sean O’Brien (L), and Vice President and Democratic Presidential candidate Kamala Harris. Getty Images (L) | Reuters (R) Vice President Kamala Harris will sit down with members of the International Brotherhood of Teamsters in Washington on Monday, to make her pitch for the massive union’s endorsement. With 50 days […]
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Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more
Check out the companies making headlines in midday trading: Nuvalent — Shares soared more than 22%, hitting an all-time high, after the biopharmaceutical company highlighted positive data on two experimental cancer treatments over the weekend. Nuvalent said the two drugs show “favorable tolerability.” Bausch + Lomb — The contact lens provider rallied 13.9% after the […]
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BlackRock’s Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this “golden age of fixed income” now, according to BlackRock’s Rick Rieder. He sees a shift coming in the market. “The world is changing,” said Rieder, the asset manager’s global chief investment officer of fixed income. “The equity […]
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Elon Musk deletes X post about Biden, Harris assassination threats after backlash
Elon Musk attends the “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 in Cannes, France, on June 19, 2024. Marc Piasecki | Getty Images Tesla CEO and X majority owner Elon Musk wrote and then deleted a […]
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