Tag: Media & Big Tech

Wall Street Falls on Omicron Worries Ahead of Fed Meeting

December 13, 2021
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U.S. stocks fell on Monday on worries about the Omicron coronavirus variant ahead of a Federal Reserve meeting later this week, while investors watched Apple close in on $3 trillion in market capitalization. Seven of the 11 major S&P 500 sector indexes fell, with only defensive stocks including consumer staples, utilities, and real estate gaining….

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UK Antitrust Regulator Looks Into Microsoft’s $16 Billion Nuance Deal

December 13, 2021
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Britain’s antitrust regulator said on Monday it will look into Microsoft Corp.’s $16 billion purchase of artificial intelligence and speech technology firm Nuance Communications Inc. The Competition and Markets Authority (CMA), which has been stepping up its regulation of Big Tech, said it was considering if the deal would result in lesser competition in the…

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2 Confirmed Dead as Rescuers Search for Workers Trapped in Amazon Warehouse Hit by Tornadoes in Illinois

December 11, 2021
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At least two workers were confirmed dead when an Amazon.com Inc. warehouse collapsed near St. Louis after tornadoes and strong storms roared through the area late Friday, local authorities said. Several people remained unaccounted for as rescuers frantically searched for workers who may be trapped in the facility in Edwardsville, Illinois, Police Chief Mike Fillback…

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Deadly Tornadoes, Storms Strike US; Roof Collapse at Amazon

December 11, 2021
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EDWARDSVILLE, Ill.—Tornadoes and severe weather were blamed for several deaths and injuries across parts of the Midwest and the South as a storm system caused significant damage at a candle factory in Kentucky, an Amazon facility in Illinois, a nursing home in Arkansas, and numerous homes and buildings. Many people were feared dead at the…

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Kentucky Governor Fears 50 Fatalities as Major Storms Rip Through Multiple States

December 11, 2021
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A major storm system ripped through multiple U.S. states on Friday, hitting a candle factory in Kentucky with more than 100 employees still inside the building at the time the tornado struck. The series of U.S. storms started early on Friday and are already blamed for multiple deaths and injuries across parts of the Midwest…

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At Least 70 Dead in Kentucky as Major Storms Rip Through Multiple States

December 11, 2021
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A major storm system ripped through multiple U.S. states on Friday, hitting a candle factory in Kentucky with more than 100 employees still inside the building at the time the tornado struck. The series of U.S. storms started early on Friday and are already blamed for multiple deaths and injuries across parts of the Midwest…

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Apple Wins Last-Minute Reprieve From App Store Changes While ‘Fortnite’ Appeal Plays Out

December 11, 2021
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Apple Inc. on Wednesday won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by “Fortnite” creator Epic Games. In September, a judge ordered Apple to change its App Store rules, which ban developers from including links in buttons to outside payment systems rather…

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Inflows Into US Bond Funds Dwarf Equity Purchases in 2021: Lipper

December 10, 2021
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U.S. bond funds have attracted record inflows this year, despite worries about inflation and expectations the Federal Reserve could roll back its pandemic-era stimulus measures earlier. According to Refinitiv Lipper data, U.S. bond funds attracted a net $612 billion in the first eleven months of this year, already surpassing the record inflow of $486.18 billion…

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Futures Rise Ahead of CPI Data; Oracle Shines

December 10, 2021
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U.S. stock index futures edged higher on Friday ahead of an inflation report that could likely strengthened the case for an aggressive policy tightening by the Federal Reserve, while Oracle Corp. jumped on an upbeat third-quarter outlook. Shares of the enterprise software maker gained 11.2 percent in premarket trading after posting forecast-beating results for the…

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Global Stocks Follow Wall Street Lower Before US Inflation Data

December 10, 2021
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BEIJING—Global stock markets declined Friday ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. London and Frankfurt opened lower. Shanghai, Tokyo, and Hong Kong retreated. Fed officials, due to meet next week, have said plans to wind down bond purchases and other stimulus that is…

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