KEMMERER, Wyoming—In this sleepy Wyoming town that has relied on coal for over a century, a company founded by Bill Gates is launching an ambitious project to counter climate change: A nationwide reboot of nuclear energy technology. Until recently, Kemmerer was little-known for anything except J.C. Penney’s first store and some 55-million-year-old fish fossils in…
Global Shares Mostly Fall After Retreat on Wall Street
TOKYO—Global shares mostly fell in cautious trading on Wednesday, with Tokyo’s Nikkei 225 down nearly 3 percent, after stocks on Wall Street sank to a new low for the year. France’s CAC 40 added 0.1 percent to 7,138.95, while Germany’s DAX shed 0.3 percent to 15,720.91. Britain’s FTSE 100 sank 0.1 percent to 7,556.70. The…
US Senate Considers App Store Reform Bill
January 19, 2022
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Sens. Richard Blumenthal (D-Conn.) and Marsha Blackburn (R-Tenn.) have partnered to deliver an antitrust bill addressing Big Tech, which is due to be debated by the Senate on Thursday. Bill S.2710, the Open App Markets Act, targets Apple and Google in particular, two companies that mediate access to apps for the great majority of smartphone…
Tesla Investors Urge Judge to Order Musk Repay $13 Billion for SolarCity Deal
WILMINGTON, Del—Tesla Inc shareholders urged a judge on Tuesday to find Elon Musk coerced the company’s board into a 2016 deal for SolarCity and asked that the chief executive be ordered to pay the electric vehicle company one of the largest judgments ever of $13 billion. “This case has always been about whether the acquisition…
Wall Street Opens Lower as Tech Tumbles, Goldman Sachs Slides
U.S. stock indexes opened lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after missing profit expectations. The Dow Jones Industrial Average fell 250.05 points, or 0.70 percent, at the open to 35,661.76. The S&P 500 opened lower by 30.61 points, or 0.66 percent,…
Twitter Expands Feature to Flag ‘Misinformation’
January 17, 2022
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Twitter said on Monday that it will be expanding a test feature allowing users to report posts for misinformation, which will now be available for users in Brazil, Spain, and the Philippines. “Today we’re expanding this test feature to folks tweeting from Brazil, Spain, or the Philippines,” the company announced in a post. “Till now…
Is Microsoft’s Stock Overvalued or Undervalued?
Microsoft Corporation shares have outperformed the S&P 500 in the past year, generating a total return of 42 percent. Microsoft is still putting up impressive growth numbers. But with a $2.31 trillion market cap, some investors are wondering if there’s any value left in Microsoft stock. Earnings A price-to-earnings ratio (PE) is one of the…
Google Mandates US Workers Submit to Weekly COVID-19 Tests, Surgical Masks
January 17, 2022
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Google has mandated weekly COVID-19 tests and surgical masks for employees at its facilities as Omicron infections rise, accounting for over 98 percent of cases in the United States. “To help prevent the further spread of COVID-19 during this period of heightened risk, we’re implementing new temporary health and safety measures for anyone accessing our…
Investors Bet Big on Virtual Real Estate
For risk-prone investors, a new asset has been generating hype and fetching incredible prices: virtual real estate, sold in the form of plots of land and houses in the metaverse. Much ink has been spilled over the current real estate bull market, but less attention has been devoted to the parallel land rush happening simultaneously…
Apple Complies With Dutch Watchdog Ruling on Payment Options in Netherlands
AMSTERDAM—Apple said on Saturday it would allow developers of dating apps in the Netherlands to offer non-Apple payment options to their users, complying with an order from the country’s market regulator to do so by Jan. 15 or face fines. The country’s Authority for Consumers and Markets found in a decision published on Dec. 24…
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