Business
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The regional-bank crisis did not appear over on Thursday
While prominent gurus in the financial world have declared the end of the regional banking crises after the failure for four large regional banks, depositors and shareholders of those banks don’t necessarily agree. As baseball Hall of Famer Yogi Berra once said, it ain’t over until it’s over. And the banking crisis still has legs,…
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Elon Musk says he’s hired new CEO for Twitter; is it NBCUniversal’s Linda Yaccarino?
Twitter Chief Executive Elon Musk says he’s found a new CEO to run Twitter and its parent company, X Corp., and “she” starts soon. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec chair & [chief technology officer],…
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Mamma mia, here they go again. War and inflation on the pricey road to Eurovision Song Contest in 2023.
It’s the biggest and strangest live-music event on the planet, and the odds are pointing to Sweden as the hot favorite to win Eurovision Song Contest on Saturday, after Åkersberga-native 2012 victor Loreen cruised to the finals with the love ballad “Tattoo.” That may help put history on the side of the six-time-champion country that…
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Peloton stock closes at new all-time low after recall announcement
Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments for the maker of connected exercise equipment. The stock PTON, -8.90% closed off 8.9% in afternoon trading to finish the session at $6.86, below its prior closing low of $6.93 level…
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Dow suffers fourth straight fall as Disney sinks; regional bank woes back in spotlight
U.S. stocks closed mostly lower on Thursday, with the Dow Jones Industrial Average leading the way down as disappointing earnings from Disney weighed on the blue-chip gauge, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt default. How are stocks trading The Dow Jones Industrial Average…
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This $2.1 million electric car leaves Tesla, Lucid and Rivian in the dust — at least on the road
Two years ago, I wrote about Rimac Nevera, currently the world’s second-fastest electric vehicle. At that time, Rimac Automobili’s all-electric, $2.1 million hypercar had just set a new standard for EV performance, achieving a top speed of 258 mph and a 0-to-62mph time of just 1.85 seconds. With its 120kWh, 6960-cell battery producing 1914 hp…
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Leading the charge ?: EV and AI stocks plus surprising earnings
*Together with Specializing in tissue-specific therapeutics Nasdaq: IMMX Here are our top 3 investing ideas today. These setups look primed! Be the best prepared trader on the Street! POLA – up over 75% in pre-market after announcing its taking pre-orders for new line of mobile EV chargers JAGX – 2nd day play, up over…
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Disney stock falls as Disney+ subscribers decline amid push to lose less money in streaming
Walt Disney Co. shares declined in after-hours trading Wednesday following an earnings report that showed Disney+ subscribers declining in recent months, as executives seek to cut losses in the streaming business. Disney DIS reported fiscal second-quarter net earnings of $1.27 billion, or 69 cents a share. After adjusting for restructuring costs and other effects, Disney…
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Who will win Big Tech’s race for the best AI assistant: Google, Apple, Meta or Amazon?
Personal assistants such as Alexa and Siri are being offered by the biggest names in technology, and Morgan Stanley analysts said Wednesday that one company should be favored to take a big chunk of that market as artificial intelligence adds to their capabilities. Morgan Stanley analysts think Alphabet Inc.’s GOOG GOOGL Google is best positioned…
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Disney to increase price of ad-free streaming again, add Hulu to Disney+ and remove some content
Walt Disney Co. will increase the cost of ad-free Disney+ subscriptions this year while adding Hulu content to the Disney+ streaming service and removing some shows from streaming entirely, executives announced Wednesday. Disney DIS executives have been making changes to their streaming strategy in an attempt to lose less money from offering its content directly…