business news
FTX founder Sam Bankman-Fried strike with new legal costs
Former FTX Main Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, exits the Manhattan federal court in New York City, February 16, 2023. Eduardo Munoz | Reuters FTX co-founder Sam Bankman-Fried was hit with four new criminal rates on Thursday in a superseding indictment in New York federal […]
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Samsung targets satellite-enabled smartphone chips right after surprise Apple iphone 14 aspect
A Samsung Galaxy S23 Extremely smartphone. SeongJoon Cho | Bloomberg by way of Getty Images Samsung on Thursday mentioned it has designed a program that will enable smartphone users to ship knowledge by using satellite, intensifying the race among tech companies to join telephones to non-terrestrial networks. New modem technology from the South Korean buyer […]
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Domino’s and Papa John’s shares sink after pizza chains deliver soft sales, outlook
Medianews Group/reading Eagle Via Getty Images | Medianews Group | Getty Images Domino’s Pizza and Papa John’s both fell in pre-market trading after reporting mixed earnings on Thursday morning. Domino’s missed analyst estimates on U.S. same-store sales and total revenue for the quarter. Domino’s also lowered its outlook. Papa John’s posted softer-than-expected North America sales. […]
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U.S. will resume financial talks with China ‘at an appropriate time,’ Yellen says
Alex Wong / Personnel / Getty Pictures U.S. Treasury Secretary Janet Yellen reported Thursday the United States would resume financial talks with China “at an acceptable time” as Beijing carries on to offer its huge inventory of Treasurys and as Washington warns from probable sanctions violation in relation to Russia. “I don’t have a particular […]
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DOJ reportedly probes Google Maps, introducing to sprawling antitrust worries
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Illustrations or photos The Section of Justice has renewed its aim on Google Maps, including to its currently-sprawling antitrust investigation into the company, Politico and Bloomberg claimed on Wednesday. The DOJ is homing in on […]
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Lordstown halts production, shipments of Endurance electric trucks to address quality issues
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors said Thursday it will suspend production and deliveries of its all-electric Endurance pickup to address performance and quality issues with certain components. The electric vehicle […]
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England’s prized soccer league to facial area regulation and tough new ownership policies
Enthusiasts of Chelsea Football Club protest against the European Super League outside the house Stamford Bridge on April 20, 2021 in London, England. Designs for the league were scrapped subsequent mass opposition. Rob Pinney | Getty Images Information | Getty Illustrations or photos LONDON — The U.K. governing administration on Thursday verified plans to set […]
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Rolls-Royce shares soar by 23% soon after once-a-year benefits crush expectations
Rolls Royce Trent XWB engines, built exclusively for the Airbus A350 household of aircraft, are witnessed on the assembly line at the Rolls Royce manufacturing facility in Derby, November 30, 2016. Paul Ellis | Reuters Shares of London-shown aviation maker Rolls-Royce soared Thursday, soon after the enterprise sharply conquer expectations with a 57% 12 months-on-12 […]
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Nvidia shares up 13% on earnings and bullish outlook on A.I.
Nvidia CEO Jensen Huang donning his regular leather-based jacket. Getty Nvidia shares are poised to open up about 13% Thursday early morning, a working day immediately after the chipmaker claimed a beat on the leading and base line. Analysts are also bullish on the company’s A.I. vision. Nvidia reported $6.05 billion in earnings for the […]
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Nikola’s fourth-quarter revenue falls short as it delivers just 20 trucks
Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations. Nikola said it made a series of changes to its battery-electric truck during the quarter in response […]
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