Category: News
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Tesla shareholder sues Musk to return billions in alleged unlawful profits By Reuters
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WILMINGTON, Del. (Reuters) – Elon Musk made billions of dollars by selling Tesla Inc (NASDAQ:) shares using inside information, an institutional shareholder charged in a lawsuit filed on Tuesday is asking a court to direct the Tesla CEO to return “unlawful profits.” Legal”. “ The lawsuit comes two days before…
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GameStop Raises $2.14 Billion on Back of Roaring Kitty-Led Rally
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(Bloomberg) — GameStop Corp. raised nearly $2.14 billion from a stock selling program as it benefited from a stock rally after Keith Gill raised shares following his return to YouTube. Most read from Bloomberg The video game retailer has now raised more than $3 billion over the past month through…
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Natural gas surges as weather forecasts see sizzling temps across U.S. (NYSEARCA:UNG)
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Straja/iStock via Getty Images U.S. natural gas futures jumped above $3 to their highest levels in five months on Tuesday, as weather forecasts called for above-average temperatures in much of the country. Forecast from the National Weather Service Much of the country showed hotter than normal temperatures The United States…
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California’s homelessness ‘solution’ is a $1 billion deal for 1,200 tiny homes that might not even come with a bathroom
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In March of last year, California Governor Gavin Newsom promised to build 1,200 tiny homes to temporarily house homeless people, specifically those already living in encampments, in four major areas across the Golden State. The idea of homes extends beyond just a place to rest your head. Under the governor’s…
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Why Kenya trimmed appetite for IMF debt
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Kenya has cut its planned borrowing from the International Monetary Fund by 7.2 percent to 465.4 billion shillings ($3.6 billion) after a partial repayment of its first eurobond spooked global investors. This comes weeks after the size of the country’s budget support from the World Bank was reduced by 20…
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Gener8 Closes £2m Funding Round, Valuing Company at £39m
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Gener8 – a free-to-use app that enables people to control and be rewarded from their data – has announced a £2m funding round, valuing the company at £39m. A group of investors participated in the round and were joined by previous investors including musician Tinie Tempah, legendary football manager, Harry…
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EU Seeks to Speed Clean Energy Shift and Curb Russian LNG
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Breadcrumb links BMN Business The European Commission is set to begin a campaign to boost energy security and accelerate the transition away from fossil fuel imports, while grappling with the difficult task of limiting Russian liquefied natural gas supplies. Article writer: Bloomberg News Ewa Krokoska Posted on June 11, 2024…
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EU Seeks to Speed Clean Energy Shift and Curb Russian LNG
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Breadcrumb links BMN Business The European Commission is set to begin a campaign to boost energy security and accelerate the transition away from fossil fuel imports, while grappling with the difficult task of limiting Russian liquefied natural gas supplies. Article writer: Bloomberg News Ewa Krokoska Posted on June 11, 2024…
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Short selling making some Israeli stocks highly volatile
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Last Friday, two Israeli stocks attracted attention on Wall Street: Oddity Tech (Nasdaq: ODD) and Mobileye (Nasdaq: MBLY). The first percentage increased by more than 20%, and the second by slightly less than 16%. On the face of it, there is no connection between the cosmetics company and the automotive…
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2 Artificial Intelligence (AI) Stocks to Buy Now That Look Ready to Split
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The artificial intelligence (AI) boom promises to create wealth-building opportunities for forward-thinking investors. Providers of AI infrastructure and applications can be particularly attractive investments, as they are likely to benefit disproportionately from the growth of the technology industry. AI leaders moving forward Stock split You could receive an additional payment.…
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2 Artificial Intelligence (AI) Stocks to Buy Now That Look Ready to Split
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The artificial intelligence (AI) boom promises to create wealth-building opportunities for forward-thinking investors. Providers of AI infrastructure and applications can be particularly attractive investments, as they are likely to benefit disproportionately from the growth of the technology industry. AI leaders moving forward Stock split You could receive an additional payment.…
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Calavo Growers soars after avocado margins impress in FQ2
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Yaghi Studio/Digital Vision via Getty Images calavu farmers (Nasdaq: CVGW) in early trading Tuesday after it beat estimates for fiscal second-quarter earnings due to improved prices and margins in its core avocado business. It was also noted that the tomato portfolio has improved sequentially and compared to last year. the…
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Lurching to the right on migration won’t save Europe’s mainstream parties. Here’s why
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Catherine De Vries is Dean of International Affairs and Professor of Political Science at Bocconi University. After years of relatively broad-based policies toward embracing migrants and refugees, growing anti-immigration sentiment across Europe is pushing governments and legislation to the right. The European Union has supported strict new immigration rules. The…
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Lurching to the right on migration won’t save Europe’s mainstream parties. Here’s why
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Catherine De Vries is Dean of International Affairs and Professor of Political Science at Bocconi University. After years of relatively broad-based policies toward embracing migrants and refugees, growing anti-immigration sentiment across Europe is pushing governments and legislation to the right. The European Union has supported strict new immigration rules. The…
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Pending bills nightmare as State allocates zero budget
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Businesses demanding payments from the government for working capital are facing tougher times after the National Treasury did not allocate funds to pay outstanding bills running into hundreds of billions of shillings in the latest supplementary budget despite earlier promises to do so. Private sector players have pinned their hopes…
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Is over-focusing on privacy hampering the push to take full advantage of AI?
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Customer data should be protected by a firewall, and if properly protected, can still be used to perform valuable analytics In 2006, British mathematician Clive Hamby declared that data is the new oil and could therefore fuel a new data-driven industrial revolution. Since he and his wife helped Tesco receives…
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El Al in talks to buy 30 Boeing 737 MAX aircraft
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After obtaining a virtual monopoly on many roads to and from Israel, raising prices and achieving record profits, El Al Israel Airlines Ltd (level:Al) embarks on a spending spree to buy new planes for $2-2.5 billion. Earlier this year, El Al signed a deal to purchase three Boeing Dreamliner aircraft.…
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Four American educators stabbed in park in northeast China, say US media and officials By Reuters
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BEIJING (Reuters) – Four American professors from a small university in Iowa were wounded in a stabbing attack in a public park in northeastern China’s Jilin province on Monday, according to US media and US government officials. Iowa State Representative Adam Zapner told Reuters that his brother was one of…