Author: Admin
More contagious omicron BA.2 subvariant now dominant in the U.S., CDC says
A woman takes a coronavirus disease (COVID-19) test at a pop-up testing site in New York City, January 12, 2022. Brendan McDermid | Reuters The more contagious omicron subvariant, BA.2, is now the dominant version of Covid-19 in the U.S., according to data released by the Centers for Disease Control and Prevention this week. The […]
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Sen. Elizabeth Warren says billionaires should pay more taxes to help the ‘next Elon Musk’
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from […]
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Rent the Runway could get a big bump from 2022 ‘wedding boom,’ Jefferies says
A rebound in social events like weddings would help the apparel retailer, which saw the pandemic dampen consumer demand for designer wear. Source
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Covid upended the labor market, and now these workers are using their leverage to push for unions
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters The Covid pandemic pushed Americans to reconsider how and where they work, resulting in a tight labor market, rising wages and what’s […]
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Apple shares on pace for best daily winning streak since 2003
CEO of Apple Tim Cook attends the 2022 Vanity Fair Oscar Party following the 94th Oscars at the The Wallis Annenberg Center for the Performing Arts in Beverly Hills, California on March 27, 2022. Patrick T. Fallon | AFP | Getty Images Apple shares rose on Tuesday, putting them on track to close higher for […]
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Democrats demand Supreme Court’s Clarence Thomas recuse himself from key 2020 election, Capitol riot cases over wife’s push to overturn Biden win
Two dozen Democratic lawmakers demanded that Supreme Court Justice Clarence Thomas “promptly recuse himself” from future cases related to pro-Trump efforts to challenge the 2020 election results, including those tied to the Jan. 6 Capitol riot. In a letter dated Monday, 24 Democrats in the House and Senate asked the senior justice to “immediately issue […]
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Stocks making the biggest moves midday: GameStop, Uber, Nielsen Holdings and more
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer dropped 6% on huge trading volume. More than 8 million shares […]
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Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital
A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs has agreed to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The bank said Tuesday in a release that the deal, the terms of which were not disclosed, […]
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Consumers have saved more than $100 billion in health savings accounts
Morsa Images | Digitalvision | Getty Images Health savings accounts eclipsed $100 billion by the end of January, according to Devenir, an HSA investment consultant, as more consumers use the tax-advantaged accounts to save for future health costs. The firm forecasts HSA funds will hit $150 billion by the end of 2024. “The growth is […]
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Credit Suisse faces $500 million plus bill after ex-Georgian PM wins court case
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from […]
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