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Wall Street is rising, supported by the technological recovery

Wall Street is rising, supported by the technological recovery

Baker Hughes falls due to lack of fourth-quarter earnings estimates Activist investor Elliott Management is involved with Salesforce Potato chips on track for biggest daily gain since November Indices rose: Dow 0.98%, Standard & Poor’s 1.41%, Nasdaq 2.09%, NEW YORK (Reuters) – Wall Street jumped on Monday, propelled higher by technology stocks as investors kicked …

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Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Jan. 20 (Reuters) – Alphabet Inc (GOOGL.O), Google’s parent company, will cut about 12,000 jobs as it faces “a different economic reality,” it said in a note to employees, and is redoubling its intelligence efforts. Artificial (AI) and exclusion of support staff. Pilot projects. The job cuts affect 6% of its workforce, and come after …

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This is what Twitter lost in ad revenue in the last months of 2022

This is what Twitter lost in ad revenue in the last months of 2022

NEW YORK/LONDON (Reuters) – Twitter’s top advertisers slashed their spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue stream. 14 of Twitter’s top 30 advertisers have suspended all ads on the platform after Musk took over on Oct. 27, …

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Wall Street fell as labor market data fueled Fed concern

Wall Street fell as labor market data fueled Fed concern

Procter & Gamble falls after a warning about commodity cost pressure Netflix drops ahead of quarterly results The Dow Jones fell 0.76%, the Standard & Poor’s 500 fell 0.76% and the Nasdaq 0.96% NEW YORK (Reuters) – U.S. stock indexes closed lower on Thursday after data showing a tightening labor market revived fears that the …

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A Brazilian court grants bankruptcy protection to retailer Americana

A Brazilian court grants bankruptcy protection to retailer Americana

SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …

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Google losing bid to block the Indian antitrust decision in a major setback

Google losing bid to block the Indian antitrust decision in a major setback

India’s Supreme Court refuses to block Android antitrust ruling Google may need to revise its Android business model in India The court extends the date of execution of the Indian order by a week Google said demand in India could stunt Android’s growth NEW DELHI (Reuters) – Google on Thursday lost its battle in India’s …

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Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

Stocks rise and the yen rises as the Bank of Japan grapples with falling bond prices

The Bank of Japan is under heavy pressure while defending the yield policy The yen rose to a 7-month high, and the yuan rose as the dollar weakened More profits to come, many central bank speakers The British FTSE Index set a record SYDNEY/LONDON (Reuters) – Stocks were boosted on Monday as optimism about corporate …

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Shares of ant-related companies rise after news of Jack Ma's relinquishment of control;  Ali Baba jumps

Shares of ant-related companies rise after news of Jack Ma’s relinquishment of control; Ali Baba jumps

(Reuters) – Shares of listed Chinese companies, which count Ant Group as a major shareholder, rose on Monday after it was announced that Ant founder Jack Ma would relinquish control of the financial technology giant after an overhaul. Hong Kong-listed shares of Alibaba (9988.HK) jumped 7%. Shares of Longshine Technology Group Co Ltd (300682.SZ), Jilin …

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Tesla shares are suffering from a New Year's hangover due to demand concerns and delivery issues

Tesla shares are suffering from a New Year’s hangover due to demand concerns and delivery issues

Stocks are the top loser in the S&P 500 on the first trading day of 2023 The sale cuts $50 billion from the market value Tesla miscalculate Q4 vehicle delivery The EV company is still the most valuable automaker in the world (Reuters) – Shares of Tesla Inc (TSLA.O) started 2023 with a bang, dropping …

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