Tech stocks are tumbling as the Federal Reserve wrestles with inflation in what is expected to be the central bank’s most aggressive tightening cycle in more than 40 years. What to Know On CNBC’s “Squawk On The Street” Wednesday, Salesforce Inc. CEO Marc Benioff said his cloud company was born into a recession. “In 2001, we almost lost our company because of a…
‘You Have to Look at Everything’: Salesforce’s CEO on How Growth Companies Can Survive This Market
Tesla Can’t Take Cover Under ‘Arbitration’ Proceedings in Sexual Harassment Lawsuit, Judge Rules
Tesla, Inc. faced a legal setback in a sexual harassment lawsuit, days after the company’s stock came under pressure following reports of alleged sexual misconduct by its chief executive officer Elon Musk. What Happened Tesla will not be allowed the leeway of arbitration in a lawsuit filed by a female employee over rampant sexual harassment at…
Identify Bad Money Advices
There are a lot of people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking about. Whether it’s a friend with a hot investment tip, a relative spouting off outdated directives about the way it “should” be done, or a…
Economic Growth Outlook Dimmed by Interest Rate Rises: Australian Treasurer
Newly appointed Treasurer Jim Chalmers has said that Australia’s economic growth outlook will be affected by increasing interest rates. The warning comes after the treasurer had discussions with Reserve Bank of Australia (RBA) governor Philip Lowe as the central bank is trying to curb the fast-growing inflation. The RBA has explicitly displayed its intention to…
GM Informs 5,000 Customers Hackers Stole Their Personal Data
General Motors Co. informed nearly 5,000 customers that hackers stole some of their personal data, Bloomberg News reported on Tuesday, citing a data breach notice filed with California regulators. What Happened Hackers breached some online accounts of GM customers in April and accessed addresses, phone numbers, and other personal information. The breach took place between…
‘Pay More Attention’ Ethereum Co-Founder Says of Crypto Crash
DAVOS, Switzerland—Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value. “I would hope that people pay more attention to what is belying the currency name when they get involved in a community, ecosystem,…
Qatar World Cup Audience Projected at 5 Billion, Says FIFA Boss
DAVOS, Switzerland—The 2022 World Cup hosted by Qatar is expected to be watched by 5 billion people around the world, FIFA president Gianni Infantino said on Monday. The TV audiences for the 2018 World Cup in Russia was a record-breaking 3.5 billion people. Qatar, a small but wealthy Gulf Arab state, will host the first…
75 People Missing, One Dead, After Migrant Boat Sinks Off Tunisia
TUNIS, Tunisia—Seventy five people were missing after a crowded boat of migrants sank off Tunisia on Wednesday, the International Organization for Migration said and a security official said, as the numbers risking the dangerous crossing to Europe increase. The IOM said 24 people had been rescued from the boat, which departed from the beaches of…
As Apple Continues in This Trend, Here’s How to Play It Bull and Bear
Apple Inc. opened lower on Tuesday after spiking up 3.86 percent on Monday in a relief bounce that led the S&P 500 to 1.39 percent higher. Stocks in the broader technology sector are being dragged down on Tuesday by Snap Inc. after a Form 8-K filing was released on Monday showing Snap forecasts its second-quarter revenues to…
Teva, Allergan Reach $161.5 Million Opioid Settlement With West Virginia
Teva Pharmaceutical Industries and AbbVie’s Allergan unit reached a settlement worth $161.5 million to resolve claims the companies fueled an opioid epidemic in West Virginia, state attorney general Patrick Morrisey said Wednesday. The agreement is the largest state-negotiated settlement in West Virginia history, and consists of $134 million in cash plus the contribution of drugs…
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