Business
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Alibaba and JD.com shares gain amid spinoff potential, Roku’s stock falls after layoff news, and other stocks on the move
Here are some of the biggest movers on Thursday as stocks U.S. stocks extend a rally. Stock gainers: U.S.-listed shares of JD.com Inc. JD, +7.82% were rising 7% in morning trading after the company disclosed plans to pursue separate Hong Kong listings for two business units. Alibaba Group Holding Ltd. BABA, +3.46% shares were ahead…
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New York Yankees’ YES Network launches streaming option for cord cutters ahead of baseball Opening Day
Cable-cord cutters in the New York area can now stream Yankees games — but it’ll be expensive. The YES Network on Wednesday announced the launch of a direct-to-consumer subscription streaming service with which users who don’t get local cable TV can watch its live sports broadcasts, including Yankees, Brooklyn Nets and New York Liberty games.…
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Banking Frailties Highlight The Importance Of Cashflow Considerations In The Supply Chain
Oliver Chapman, CEO of supply chain specialists OCI, the No.1 fastest-growing company in the UK 2022, comments on the supply chain implications of recent banking challenges and higher interest rates. The Importance Of Cashflow Considerations In The Supply Chain Mr Chapman says: “Despite the crises at Credit Suisse, Silicon Valley Bank, Signature Bank, First Republic…
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Intel’s stock set for best month in 22 years as execs lay out plans to take on AMD’s rise in servers
Intel Corp. shares were heading toward their best day of the year following an investor presentation that provided more detail about the company’s plans to reverse a slide in manufacturing and market share of data-center chips. Intel’s INTC, +1.81% stock rose 7.6% to $31.52 on Wednesday, easily the best performance of the day for a…
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EA laying off 6% of staff in cost-cutting push for videogame publisher
Electronic Arts Inc. on Wednesday announced intentions to slash 6% of its workforce as the videogame publisher looks to cut costs. “As we drive greater focus across our portfolio, we are moving away from projects that do not contribute to our strategy, reviewing our real estate footprint, and restructuring some of our teams,” Chief Executive…
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Jobless claims rise to 3-week high of 198,000, but layoffs are still extremely low
[]The numbers: The number of Americans who applied for unemployment benefits last week rose to a three-week high of 198,000, but that number is still extremely low and shows little sign of rapidly accelerating layoffs. []New U.S. applications for benefits increased by 7,000 from 191,000 in the prior week, the government said Thursday. []The number…
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Blink Charging awarded MAS contract by U.S. administration By Investing.com
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ALFI’s European Asset Management Conference 2023 Report
The 2023 ALFI European Asset Management Conference report following the conference last week in Luxembourg. European Asset Management 2023 Report After A Difficult Year, Luxembourg’s Fund Industry Prepares To Seize New Opportunities Despite experiencing one of the most difficult years for investment funds in Luxembourg and worldwide – at least in terms of assets under…
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Reparations task force told harms total at least $800 billion, but experts insist ‘we’re not suggesting reparations’ of that amount
Economic experts on Wednesday told the California reparations task force that their calculations of the harms to descendants of enslaved people, which total at least $800 billion, do not constitute an estimate for planned reparations in the state. Speaking in Sacramento, Calif., during the first day of a two-day meeting — during which some members…
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Shareholders tell Starbucks to examine its commitment to worker rights amid union fight
Hours after former Chief Executive Howard Schultz was accused of union-busting in front of a congressional committee, Starbucks Corp. disclosed Wednesday that investors have asked for a third-party assessment of the coffee chain’s commitment to worker rights. According to Starbucks’ SBUX, +1.92% filing with the Securities and Exchange Commission on Wednesday afternoon, a shareholder resolution…
