Musk Slammed by Chinese Netizens Over Close Encounters With Space Station
Chinese netizens denounced Tesla Chief Executive Officer Elon Musk’s plans after the country claimed it took action to avoid a clash with his firms’ satellites, Reuters reported. A document released...
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Over 6,000 Global Flights Canceled as Omicron Cases Surge Amid Holidays
Over 6,000 global flights were canceled over the weekend as crews were unable to report to work due to the surge in the Omicron variant amid the holidays, CNN reported....
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‘Spider-Man: No Way Home’ Hits $1B in Sales, Tops Pandemic-Era Box Office
The latest Spider-Man release became the first movie to hit $1 billion at the global box office since the COVID-19 pandemic, Reuters reported. Spider-Man: No Way Home achieved the $1-billion...
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Global Bond Markets Fall 4.8% in 2021 on Rising Inflation Rates
Global bond markets are set for their worst performing year since 1999 after the soaring global inflation rates hurt an asset class, according to a report by FT on Saturday....
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Hedge Funds Top Market Sellers in December
Hedge funds were among the biggest sellers during the last month of the year, following the volatility seen in the market in the past weeks, Bloomberg reported. Hedge funds slashed...
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Google Faces Historic $98-Million Fine Over Banned Content
A Russian court has imposed its biggest penalty yet of 7.2 billion rubles or $98 million to tech giant Google for its failure to erase banned content, Bloomberg reported. The...
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NFTs Could Be Used as Collateral for Loan at Kraken as CEO Targets New Use Cases
Kraken CEO Jesse Powell says the exchange could soon allow customers to use their non-fungible tokens as collateral for funds in a new system, according to Bloomberg. Powell says the...
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Private Equity Continuation Funds Surge 55% Amid Competition for New Targets
Private Equity groups closed $42 billion worth of deals by selling their portfolio companies to their own funds, a 55% increase compared to 2020, according to FT. The deals’ worth is...
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Pfizer COVID-19 Treatment Pill Authorized for At-Home Use by FDA
US FDA approved the use of a Covid-19 pill from Pfizer Inc., the first drug that treats newly infected patients, according to a report by WSJ on Wednesday. The approval...
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Elon Musk Says His Tesla Share Sale Is ‘Enough’
Tesla Inc. Chief Executive Officer Elon Musk revealed he has already unloaded enough of his holdings in the company to achieve his goal of selling 10% of his shares, Reuters...
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Robinhood, Coinbase Among ARK’s New Adds, as Wood Dumps More Holdings
Cathie Wood’s ARK Invest added 23,414 shares of Coinbase Global Inc. on Tuesday and further 181,717 shares of Robinhood Markets Inc. The ARK Invest letter shows that Wood also added...
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Micron Technology Nearly Trips Net Income in Q1 2022
American computer memory and data storage producer Micron Technology Inc. nearly tripled its net income in the first quarter from the same period last year, the company announced in a...
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