Day: October 28, 2024
Washington Post owner Jeff Bezos says in op-ed: ‘Americans don’t trust the news media’
Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City, Sept. 20, 2021. Michael M. Santiago | Getty Images News | Getty Images Washington Post owner Jeff Bezos in an op-ed published Monday evening defended the newspaper’s recent controversial decision not to […]
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Bitcoin briefly tops $70,000 for the first time since June as investors await earnings, Election Day
Omer Taha Cetin | Anadolu | Getty Images Bitcoin briefly climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The price of bitcoin was last higher by about 3% at $69,925.00, according to Coin Metrics. At about 6:00 p.m. Eastern on Monday, it touched $70,207.02 […]
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Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024. China News Service | China News Service | Getty Images BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over […]
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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. […]
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Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty Images The Washington Post reportedly has lost more than 200,000 digital subscriptions, and three members of its editorial board have stepped down on the heels of its decision not to endorse a candidate in the […]
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Stocks making the biggest moves after hours: Cadence Design Systems, Ford, Boot Barn and more
Check out the companies making headlines in midday trading: Cadence Design Systems — The electronic design stock jumped 5% after third-quarter earnings topped Wall Street expectations. Cadence Design earned $1.64 per share, excluding items, on $1.22 billion in revenue, while analysts surveyed by LSEG penciled in just $1.44 in earnings per share and $1.18 billion […]
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Trump accuses Taiwan of stealing U.S. chip business. Here’s what the election could bring
Former president Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on the Joe Rogan Experience podcast and accused the country of stealing America’s chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Such tariffs would impact the global […]
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Microsoft calls out Google for running ‘shadow campaigns’ in Europe to influence regulators
Google CEO Sundar Pichai and Microsoft CEO Satya Nadella Udit Kulshrestha and David Paul Morris | Bloomberg | Getty Images Microsoft took the unusual step on Monday of publicly criticizing longtime rival Google for running “shadow campaigns” in Europe designed to discredit the software giant with regulators. Microsoft lawyer Rima Alaily wrote in a blog […]
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Why this ‘Magnificent 7’ stock is still a buy even though it’s behind on AI
Amazon may be lagging behind its peers on the artificial intelligence front, but the name is still investor Ray Wang’s favorite among the ” Magnificent Seven ” cohort of megacap tech titans. As a catalyst, the principal analyst and founder of Constellation Research pointed to Amazon’s advertising revenue, which he said is still growing at […]
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Harris hones in on manufacturing plan in Michigan as Trump leads on economy
Democratic presidential nominee U.S. Vice President Kamala Harris attends a campaign event at Wings Event Center in Kalamazoo, Michigan, October 26, 2024. Evelyn Hockstein | Reuters Vice President Kamala Harris is planning to put manufacturing at the center of her closing message against former President Donald Trump in the battleground state of Michigan on Monday. […]
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