Category: News
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Grocery Outlet Announces Fourteenth Annual Independence from Hunger Campaign By Investing.com
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The annual food drive effort encourages contributions through in-store incentives and online donation opportunities to combat national food insecurity EMERYVILLE, Calif., June 26, 2024 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. has launched… (NASDAQ: NASDAQ:) (“Grosery Outlet” or the “Company”) today opened its 14th storeD Independence From Hunger Cascade Food…
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Interactive Brokers reveals $48 million loss from NYSE glitch
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(Reuters) – Interactive Brokers on Wednesday disclosed a $48 million loss due to a New York Stock Exchange glitch earlier this month that at one point showed a 99% drop in the stock prices of some companies, including Warren Buffett’s Berkshire Hathaway. . Interactive said that the brokerage company submitted…
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CME Group, Google plan to create cloud region for AI-powered trading
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JHVEphoto cm group (NASDAQ:CM(Partnered with Google Cloud)NASDAQ:GOG)(Nasdaq:Google) to develop a private cloud region and a new platform to support the global trading market for futures and options, the companies announced Wednesday. The specialized platform, located in Aurora, Illinois, will enable a number of… “The benefits to CME Group clients include…
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The Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion
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The family of Italian billionaire Agnelli has increased its stake in Royal Philips NV, giving it a stake worth $4.19 billion, in a sign of increased confidence in the Dutch medical device manufacturer. Agnellis’ Exor NV now owns 17.51% of Philips, according to a U.S. regulatory filing late Tuesday. It…
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ForexLive European FX news wrap: USD/JPY trades up to highest since 1990
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Titles: Markets: The Australian dollar advances, and the New Zealand dollar lags during the day European stocks fall; S&P 500 futures fell 0.1% US 10-year bond yields rose 4.9 basis points to 4.286%. Gold fell 0.3 percent to $2,310.84 West Texas Intermediate crude rose 0.7% to $81.38. Bitcoin fell 0.9%…
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Deadly tax protests leave Kenya facing IMF fallout
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Parliament on Tuesday approved the controversial Finance Bill 2024, backing recommendations to withdraw some taxes, including taxes on bread, airtime and cars, which were part of a package of reforms Kenya agreed to implement in a deal with the International Monetary Fund. The vote on the amended revenue increase bill…
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London student named Fintech scholarship winner
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A student studying at City University London has won a fintech scholarship after a blog competition about issues students face in higher education. Sabrina Abdo, a second-year international political economy student, will receive a £1,000 bursary to help her with her studies. As part of her award, Abdo also has…
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Sutskever’s AI co seen offering NIS 60,000 monthly starting pay
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Last week, Ilya Sutskever, OpenAI’s co-founder and former chief scientist, unveiled his new startup, set to be called SSI that, like OpenAI, will develop artificial intelligence technology. In a post on the They used the phrase “supreme artistic talent,” but did not provide more details than that. This immediately set…
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India’s Modi wins test of strength in parliament with election of speaker By Reuters
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MUMBAI (Reuters) – Indian Prime Minister Narendra Modi passed the first major political test of his third term on Wednesday after one of the ruling party’s candidates was elected speaker of parliament’s lower house, defeating an opposition lawmaker by a vote. Om Birla, of Modi’s Bharatiya Janata Party, who was…
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Traders have poured $5 billion into leveraged Nvidia ETFs. They’re up 425% even after the stock’s big wipeout.
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Stock market bullMoonset/Getty Images Leveraged ETFs tracking Nvidia’s performance have soared this year. The leveraged funds focused on the AI giant have attracted $5 billion from investors. This amount is leagues beyond other single-stock ETFs that track huge technology names. A new type of exchange-traded fund has been making waves…
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Watch for more auto shockers after Rivian landed Volkswagen as a major partner
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hapapapa Rivian Cars (Nasdaq:RIVN) shook up some tremors across the electric vehicle sector with its announcement that the company will form a joint venture with Volkswagen (OTCPK:VLKAF) (OTCPK:VWAGY). Volkswagen (OTCPK:VLKAF) $5B Initial and Planned Investments, Plus Rivian (RIVN)) Current Cash Position It is expected to provide capital to fund the…
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Ethereum ETF update: Speaking at Bloomberg Invest, CFTC chair Gary Gensler says application is ‘going smoothly’
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Securities and Exchange Commission Chairman Gary Gensler belied his impatience when answering reporters’ questions about cryptocurrencies, including his agency’s handling of applications to launch Ethereum ETFs. Speaking with journalist Anne-Marie Hordern at a Bloomberg Invest event in New York on Tuesday, Gensler accused his interviewer of chasing “clicks” after she…
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The duo shock Kenyan businesswomen face
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Our beloved Kenya has witnessed a sudden shift in societal consciousness over the past week. In the midst of new anti-tax protests in Kenya, we as business academics must begin to analyze the potential impacts on businesses and the economy as a whole. In other countries, small business owners, especially…
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A ‘Badge of Shame’ for the Stock Exchange, Says Amnesty International
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Global high street fashion company SHEIN has reportedly submitted documents to the UK market regulator, indicating an imminent flotation on the London Stock Exchange. The move sparked intense criticism from Amnesty International, which highlighted questionable labor and human rights standards at the company. Sheen, known for its low-cost production, has…
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Christina Lake Cannabis Announces Filing of Q1 Financial Statements
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Article content VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) — Christina Lake Cannabis Company (“CLC” or the “Company”) (CSE: CLC) is pleased to confirm this in addition to its dated news releases. April 3, 2024, April 17, 2024, May 1, 2024, May 15, 2024, May 29, 2024, June 3,…
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SolarEdge slumps further on plans to raise $300m bond
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Judge partially lifts Trump hush money gag order By Reuters
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Written by Luke Cohen NEW YORK (Reuters) – A New York judge partially lifted a gag order on Donald Trump on Tuesday after the Republican presidential nominee was found guilty of criminal charges related to an attempt to influence the 2016 election by buying a porn star’s silence. The amended…
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Rivian stock soars as Volkswagen says it will invest up to $5 billion in new joint venture
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Shares of Rivian (RIVN) rose in the hours after the electric vehicle maker announced a joint venture deal with Volkswagen (VWAGY), bringing new capital into Rivian’s coffers. Shares of Irving, Calif.-based Rivian rose more than 40% in after-hours trading. Volkswagen has announced that it intends to work with Rivian to…
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Fed Governor Lisa Cook says AI is ‘not going to replace us’
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Federal Reserve Governor Lisa Cook doesn’t fear losing her job to robots anytime soon. Speaking at a luncheon at the Economic Club of New York on Tuesday, Cook said that when you’re a central banker, every word counts in a way that not only surprised her at first but will…