Category: News
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Work-life balance is a ‘gauntlet’ for women, Sallie Krawcheck says
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The Wall Street veteran, whose distinguished career spanned nearly three decades, recently said: luck She still remembers sitting on a panel in the mid-2000s. Krawcheck, Citigroup’s chief financial officer, sat alongside top executives from other companies. fortune 500 But while her male counterparts were asked about “managing the balance sheet,”…
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Jack’s incredible buffing miracle – Business Daily
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Jack Stephen always had an imposing presence. No matter what room he entered, people would stop what they were doing to marvel at his towering six-foot-eight-inch height. “Imagine a life where you literally look down on everyone. I have a clear view of crowded concerts, and I can reach items…
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AI firm secures $300m valuation in major US private equity deal
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Board Intelligence, the leading AI company working to improve board performance, has announced the sale of a majority stake to California-based private equity firm K1, valuing the London-based company at up to $300m (£230m). The major investment will see founders Jennifer Sandberg, 44, and Pippa Page, 40, receive millions of…
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UAE Shows Regional Diplomatic Sway With Gaza Aid, Ties to Israel
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Breadcrumbs Path Links PMN Business A piece of Abu Dhabi has arrived in El Arish, a small town in North Sinai about 50 kilometers from Gaza. Once rarely visited by outsiders, this coastal spot is now teeming with Emirati volunteers in cargo pants and beige vests emblazoned with the UAE…
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Path to a ‘Goldilocks’ scenario is narrowing By Investing.com
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According to Morgan Stanley, the path to a “Goldilocks” scenario – a state of economic equilibrium characterized by moderate growth and low inflation – is becoming increasingly difficult. The central bank’s latest note highlighted the market’s reaction to the Fed’s likely start of rate cuts in September, driven by a…
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Is the Artificial Intelligence (AI) Stock Bubble Bursting? These CEO Quotes Say No: The Boom Will Continue
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The recent earnings season saw a violent sell-off in many technology names that have surged this year as investors question the AI boom. There is no doubt that big companies continue to spend heavily on AI infrastructure. While big tech companies continue to spend more money on AI infrastructure, the…
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Chevron moving to Texas, says California policies discourage investment and hurt consumers
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Justin Sullivan/Getty Images News Chevron (NYSE: CVXThe company’s shares turned negative for the year after the company reported second-quarter earnings that fell 26% year-over-year to $4.43 billion, missing Wall Street expectations, largely blaming weaker refining margins and refinery maintenance at a time when margins were stronger. Chevron CEO Mike Wirth…
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Breaking’s Olympic debut will be historic—but its future still hangs in the balance
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Fracture, popularly called “Free danceIt doesn’t take much – just some strong pulses and space to slide, crash, jump and spin. Perhaps this is what turned this type of dance, which emerged in the Bronx neighborhood of New York in the 1970s, into a global sensation. This once niche art…
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Kenya woos mining investors with lower gold royalty fees
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The Ministry of Mining has reduced royalties for gold miners in the hope of attracting more investment in the nascent industry. Regulations recently published by the ministry show that miners will now pay a royalty of three percent on the total value of gold extracted, down from three percent previously.…
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Intel to cut 15,000 jobs in bid to catch up in AI chip race
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Intel, the US semiconductor giant, is set to cut 15,000 jobs as part of an aggressive effort to revitalize lagging manufacturing operations and keep up with the competitive artificial intelligence chip market. Shares of the California-based company fell 20% in after-hours trading in New York to $29.05 after announcing a…
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China’s Economy Keeps Gliding on Just One Engine
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Breadcrumbs Path Links PMN Business China’s economy has relied on industrial production to keep growing this year, and data next week is expected to provide evidence of the strength of that support. Article author: Bloomberg News Katya Dmitrieva and Craig Stirling Published on August 3, 2024 • Read for 7…
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Israeli startups raised over $700m in July
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Israeli startups raised $5.2 billion in the first seven months of 2024 as the tech sector continues its upward trend and recovery in recent months. Israeli startups raised more than $700 million in July 2024, according to press releases seen by Globes. The number could be higher as some companies…
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California wildfire now fourth-largest in state history, hot weather offers no relief By Reuters
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By Rich Mackay (Reuters) – More than 6,000 firefighters in California’s Central Valley continued to battle the largest wildfire in the United States on Saturday, which has made its way into the history books as the state’s fourth-largest on record. Meteorologists said there was little to no rain Saturday due…
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ChargePoint Pivots for Profitability, But Is It a Stock to Buy?
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Investors initially bought into the hype. Charging point (NYSE: CHPT) And other charging infrastructure companies. This was a logical trend as the electric vehicle industry prepares to boom in the coming years. In fact, some of the biggest concerns facing potential EV customers are range anxiety and charging infrastructure availability,…
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Silicon Valley Bank’s former parent secures approval to end bankruptcy
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Justin Sullivan/Getty Images News SVB Financial Group (OTC:SIVBQ), the former parent company of failed Silicon Valley Bank, received permission from a U.S. judge on Friday to distribute its assets to its creditors and close its bankruptcy, Reuters reported. According to the report, the bankruptcy plan includes: Provides for the establishment…
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Elon Musk says a person with a Neuralink chip could beat a pro gamer in a few years
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It is not far off now to envision a future where a human with a chip-enhanced brain can defeat a professional video gamer. In an episode of Lex Friedman Podcast In an article published Friday, Musk pointed to his startup Neuralink, which implanted a chip in someone’s brain earlier this…
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With a Sh2.5m pension, how can my father invest to live comfortably in the village?
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My name is Eugene. My father will retire in December this year and will move to the countryside. He will receive a lump sum pension of about Sh2.5 million. We wonder how he can invest the money to better his village. During his working life, he has built some rental…
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Harland & Wolff bailout sparks concerns over future of Royal Navy warships
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The future of Harland & Wolff’s historic shipyard is in jeopardy after a $25 million emergency bailout, raising concerns that Royal Navy ships could soon be built overseas. The Belfast-based company, best known for building the Titanic, has scrapped plans to restart ferry services between Cornwall and the Isles of…
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Harris Energizes Low-Income Voters Dispirited by Biden Economy
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Breadcrumbs Path Links PMN Business Low-Income Americans Pushed Biden to Win 2020 — Then Turned on Him Article author: Bloomberg News Amara Omiokoi, Mark Niquette, and Jeff Green Published on August 3, 2024 • Read for 6 minutes You can save this article by registering for free here. Or log…