Month: October 2024
Elon Musk gives pro-Trump PAC $75 million, announces Pennsylvania voter tour
Tesla and SpaceX CEO Elon Musk has rapidly become one of Donald Trump’s top political donors, and he is now emerging as one of the Republican presidential nominee’s most visible surrogates. Musk, the world’s richest man, has given nearly $75 million to America PAC, the super political action committee he created earlier this year largely […]
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UK’s ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status […]
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Trump-backed crypto coin misses $300 million sales target, raises less than $12 million
It’s been just over twenty-four hours since the launch of the Donald Trump-endorsed digital coin “WLFI,” and the token is failing to deliver on the ambitious fundraising goals set by its founding team. World Liberty Financial — which bills itself as a crypto bank where customers will be encouraged to borrow, lend and invest in […]
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Amazon goes nuclear, to invest more than $500 million to develop small modular reactors
Amazon Web Services is investing more than $500 million in nuclear power, announcing three projects from Virginia to Washington state. AWS, Amazon‘s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. It’s also a part of Amazon’s path to net-zero carbon emissions. AWS […]
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Here’s why the U.S. retirement system isn’t among the world’s best
Key Points The U.S. retirement system gets a C+ grade and ranks No. 29 out of 48 in the Mercer CFA Institute Global Pension Index. Retirement plan coverage and 401(k) “leakage” are among the two primary problem areas, experts said. Policymakers have taken some steps to improve the system. Source
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Ulta Beauty shares fall as company sees ‘headwinds’ in beauty industry
An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares slumped on Wednesday morning, as the company said it sees “headwinds” and tougher competition in the beauty industry. As it hosted its investor day near its Chicago headquarters on Wednesday, the specialty […]
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Novavax says FDA put hold on combination Covid-flu shot and influenza vaccine; shares plunge
A health worker prepares a dose of the Novavax vaccine as the Dutch Health Service Organization starts with the Novavax vaccination program on March 21, 2022 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images Novavax on Wednesday said the Food and Drug Administration has put a hold on its application for a combination […]
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Chevrolet aims to defend highly profitable SUV market position with updated Tahoe, Suburban
DETROIT – General Motors has updated its highly profitable large SUVs for Chevrolet for the 2025 model year to defend the brand’s long-standing segment leadership. The Detroit automaker’s Chevrolet Tahoe and Suburban have led the mainstream full-size SUV segment for over 45 years, according to GM. But increased competition from automakers such as Ford Motor, […]
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Amazon announces first Kindle ever with color screen, retailing for $279
Kindle Colorsoft 2024 Amazon Amazon on Wednesday announced a new Kindle e-reader, and for the first time ever it has a color display. The retailing giant introduced the Kindle in 2007, and every device since then has had a black-and-white screen. The new Kindle has a display that’s designed to ensure colors don’t appear washed […]
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ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing […]
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