business news
Biden administration moves toward approval for major Alaska oil drilling project
Alaskan oil extraction site. Lowell Georgia | Getty Images The Biden administration on Wednesday recommended a scaled-down version of a major oil drilling project in the North Slope of Alaska, taking a step toward approving the $8 billion Willow plan that climate groups have long condemned. The Interior Department’s Bureau of Land Management released an […]
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Amazon could be sitting on an additional $3.5 billion organization, Morgan Stanley states
Amazon could have an additional winner with its Invest in with Prime support, according to Morgan Stanley. The corporation began out as an on the internet bookseller, morphed into an e-commerce huge and tackled cloud computing with Amazon Web Solutions. Its newest software, Purchase with Primary , lets Prime customers who order from a further […]
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Biden and McCarthy clash in advance of White Household credit card debt ceiling conference
House Republican leader Kevin McCarthy speaks to reporters pursuing a conference with U.S. President Joe Biden and other congressional leaders at the White Household in Washington, U.S., November 29, 2022. Kevin Lamarque | Reuters WASHINGTON — As President Joe Biden and Household Speaker Kevin McCarthy prepare to meet up with Wednesday afternoon to go over […]
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Amazon cited by Labor Division for second time in a thirty day period more than warehouse accidents
Inventory at a warehouse Getty Photos Federal protection inspectors on Wednesday issued citations towards Amazon at a few of its warehouses for putting personnel at risk of serious injury, the 2nd such penalty in a month. The Division of Labor’s Occupational Protection and Overall health Administration said the e-retailer exposed employees at warehouses in Aurora, […]
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‘God Bless Elon Musk’: Leading Republican lauds Twitter owner forward of critical listening to
U.S. Rep. James Comer (R-KY), Chairman of the Residence Oversight and Accountability Committee, speaks at a media party at the Nationwide Press Club on January 30, 2023 in Washington, DC. Kevin Dietsch | Getty Photos Household Oversight Committee Chairman Rep. James Comer, R-Ky., effusively praised Twitter owner Elon Musk Wednesday for “staying transparent” about the […]
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Dow falls more than 300 points as traders await Federal Reserve’s rate hike decision
Credit Suisse says expect a reversal lower in the S&P 500 this week Investors can expect a reversal lower in the S&P 500 this week after the Federal Reserve’s policy meeting, according to Credit Suisse. The firm has a negative outlook on U.S. equities for the next three-to-six months. The broader market index is holding […]
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Samsung launches new Galaxy S23 smartphone lineup with enhanced digicam, gaming abilities
Samsung introduced its flagship Galaxy S23 smartphone lineup on Wednesday. Samsung Samsung on Wednesday launched its most up-to-date lineup of flagship Galaxy smartphones, touting a better digicam and enhanced gaming characteristics as the South Korean tech large attempts to tempt men and women to update amid weak macroeconomic circumstances and waning buyer need. The Galaxy […]
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DraftKings cuts 140 jobs as part of reorganization
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston. David L. Ryan | The Boston Globe via Getty Images DraftKings is eliminating 140 jobs, or about 3.5% of its workforce, as part of a reorganization. The stock rose about 3% on Thursday. […]
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Rivian to lay off 6% of its workforce as EV price war concerns grow
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric truck maker Rivian Automotive said it is laying off 6% of its workforce in a bid to conserve […]
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Stocks creating the biggest moves midday: Peloton, AMD, Altria, Snap and extra
In this post Try to eat PTON EA MO SMG SYK MTCH SNAP AMD FL Stick to your favored sharesDevelop Cost-free ACCOUNT A indicator hangs over the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Illustrations or photos Check out the providers producing headlines in midday […]
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