business news
FTX attorney calls this circumstance ‘a different type of animal’ in first personal bankruptcy hearing
Lawyers for collapsed crypto exchange FTX mentioned on Tuesday, in the company’s initial bankruptcy hearing, that regulators from the Bahamas, in which FTX was headquartered, have agreed to consolidate proceedings in Delaware. FTX’s lawyers, who were being introduced in by new management to cope with restructuring, filed an crisis motion final week to protected the […]
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Trump Media deal partner says shareholders approve delay of merger with Truth Social parent
This illustration photo shows Donald Trump’s new social media app Truth Social’s logo on a smartphone in Los Angeles, February 21, 2022. Chris Delmas | AFP | Getty Images Digital World Acquisition Corp., the blank check company that plans to take Trump Media and Technology Group and its Truth Social platform public, said Tuesday that […]
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Tax prep software package despatched back personalized buyer facts to Meta and Google, report claims
Meta (previously Fb) corporate headquarters is seen in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Photographs Well known tax prep software package together with TaxAct, TaxSlayer and H&R Block despatched delicate money facts to Facebook mum or dad enterprise Meta via its widespread code, recognized as a pixel, that […]
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Investors’ home purchases drop 30% as price increases slow down
Housing under construction in Atlanta, Georgia, on Sunday, Nov. 13, 2022. Elijah Nouvelage | Bloomberg | Getty Images Home sales have dropped for nine straight months, driven by surging mortgage rates, and now investors are pulling back even more than traditional homebuyers. Investor home purchases dropped just over 30% in the third quarter of this […]
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Watch live: Dr. Anthony Fauci gives expected last Covid briefing as top health official
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Dr. Anthony Fauci on Tuesday will give what is expected to be his last public briefing on the Covid-19 pandemic as White House chief medical advisor. Fauci is leaving the […]
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European Union government proposes gas value cap at 275 euros/MWh
European gasoline costs are expected to drop in the coming months. Krisztian Bocsi | Bloomberg | Getty Visuals The European Union govt on Tuesday proposed a gasoline value cap for the bloc at 275 euros ($282) per megawatt hour for thirty day period-in advance derivatives on the Dutch trade that provide as Europe’s benchmark. The […]
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Bank of America makes Costco a top pick because of food inflation
Bank of America named Costco a top pick because of rising food inflation, and expects shares have further upside from here. “We expect high food inflation to drive continued share gains for the warehouse club channel (including Costco) given the strong value proposition and price positioning on overlapping SKUs vs. mass and traditional grocery,” analyst […]
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Dr. Anthony Fauci to give likely final Covid briefing as top White House health official
NIH National Institute of Allergy and Infectious Diseases Director Anthony Fauci addresses the daily press briefing at the White House in Washington, January 21, 2021. Jonathan Ernst | Reuters Dr. Anthony Fauci on Tuesday will give what is expected to be his last public briefing on the Covid-19 pandemic as the White House chief medical […]
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How AMD became a chip giant and leapfrogged Intel after years of playing catch-up
Advanced Micro Devices made history this year when it surpassed Intel by market cap for the first time ever. Intel has long held the lead in the market for computer processors, but AMD’s ascent results from the company branching out into entirely new sectors. In one of the biggest semiconductor acquisitions in history, AMD purchased […]
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Cowen downgrades Carvana, cites ‘lengthened’ path to profitability in a difficult macro environment
A “lengthened” path to profitability has Cowen concerned over the long-term trajectory of battered used vehicle stock Carvana . Analyst John Blackledge downgraded the company to market perform from outperform in a note to clients Monday. Carvana shares dipped slightly in the premarket. “CVNA has not met ’22 profit targets while carrying a significant debt […]
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