Month: November 2024
Patagonia’s profit giveaway sought to turn capitalism upside down — but it hasn’t been stress-free
Signage outside a Patagonia store in Tokyo, Japan, on Wednesday, April 19, 2023. Bloomberg | Bloomberg | Getty Images A landmark decision from outdoor clothing brand Patagonia to dedicate its profits to fight the climate crisis didn’t surprise its employees — but that’s not to say the process has been stress-free. Just over two years […]
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Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
A Toyota bZ Compact SUV is pictured after a briefing on EV (electric vehicle) battery strategies at the companys showroom in Tokyo on December 14, 2021. Behrouz Mehri | Afp | Getty Images Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate […]
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Dogecoin and other memecoins surge as crypto traders position for a Trump election victory
In this photo illustration, the Elon Musk’s twitter account seen displayed on a mobile phone screen with a Dogecoin logo in the background. Adrees Abbas | Lightrocket | Getty Images Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. […]
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Tesla jumps in overnight trading as Trump-backer Musk seen benefitting
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. Anna Moneymaker | Getty Images News | Getty Images Shares of Tesla surged overnight as investors bet a potential Donald Trump election victory would benefit major […]
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U.S. dollar climbs overnight as speculation grows Trump in election lead
Iryna Ustenko | Istock | Getty Images The U.S. dollar strengthened against the Mexican peso and other major global currencies on Tuesday evening as voting began to wind down in the presidential election. The greenback had gained 2.9% against the Mexican peso shortly before 11 p.m. ET, and was also higher against the Swiss franc, […]
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Google curbs politics discussion among employees on U.S. Election Day
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google has been moderating and removing employees’ internal election-related conversations, CNBC has learned. Ahead of Tuesday’s U.S. elections, Google executives warned employees to keep political opinions and statements away from a popular internal discussion forum called Memegen, according to correspondence viewed by CNBC. […]
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Crypto’s $245 million campaign finance operation filled airwaves with ads not about crypto
Stand With Crypto’s bus tour through five battleground states kicked off last week in Phoenix and Las Vegas. Logan Dobson/Stand With Crypto Alliance LAS VEGAS — In Nevada’s 4th Congressional District, a crypto PAC spent nearly $2 million on ads this cycle to support the reelection of Steven Horsford, a Democratic congressman who’s voted in […]
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Trump Media shares gain 10% in after-hours trading as voting in heated presidential election nears end
Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at Van Andel Arena in Grand Rapids, Michigan on November 5, 2024. Kamil Krzaczynski | AFP | Getty Images Shares in former President Donald Trump’s media company pushed higher as voting wound down in the contentious presidential election campaign Tuesday. Trump […]
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China’s central bank affirms supportive monetary policy stance at closely watched meeting
Key Points The head of China’s central bank told a closely watched meeting Tuesday that the People’s Bank of China planned to maintain supportive monetary policy, state media said. The PBOC head added the central bank plans to “increase the intensity of counter-cyclical monetary policy,” state media said in Chinese, translated by CNBC. He was […]
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