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Twitter's board put up a defense mechanism against Elon Musk. Here's what he could do next The social network's board made a defensive maneuver that could thwart Elon Musk's takeover bid, but he still has a range of options that suggest this Silicon Valley showdown is likely far from over. Twitter's board ...
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Florida judge voids US mask mandate for planes, public transportation after CDC extension A federal judge in Florida has voided the national mask mandate covering airplanes and other public transportation, but it is so far unclear what the ruling means for travelers in the near term. The Monday decision by U.S. District Judge Kathryn ...
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World Bank slashes global growth forecast to 3.2% from 4.1%, citing Ukraine war The largest single factor in the reduced growth forecast was a projected economic contraction of 4.1% across Europe and Central Asia. Other factors behind the slowdown in growth from January's forecast include higher food and fuel costs being borne by ...
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Employees at a New York Apple store are trying to unionize New York (CNN Business) Some employees at the Apple store at New York's Grand Central Station are seeking to form a union, the latest high-profile labor organizing effort to take root in the pandemic era. A person familiar with the matter told CNN ...
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Wall Street Drifts as Earnings Roll In, Natural Gas Soars NEW YORK (AP) — Stocks are drifting in mixed trading Monday, as worries about interest rates and inflation keep a lid on Wall Street despite some better-than-expected profit reports.
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Taco Bell is bringing back a fan-favorite menu item The Mexican Pizza consists of a tortilla shell filled with either beans or ground beef, a pizza sauce and is topped with another tortilla shell that's smothered with more sauce, cheese and chopped tomatoes. Taco Bell introduced the item in 1985 and ...
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Toyota, Volkswagen and Tesla are bringing factories in China back on line Toyota (TM) said on Monday it's preparing to resume operations in Changchun, Jilin province — one of China's largest auto manufacturing hubs — following a month-long pause.
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Bank of America is confident in the economy even as its profits declined. As the Federal Reserve raises interest rates in the coming quarters, the bank expects to earn significantly more money from the interest it can charge clients for loans, he said. Rival banks — including JPMorgan Chase ...
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Renters are growing pessimistic they will ever own a home as prices keep rising The average probability of owning a home at some point in the future tumbled to 43.3% this year, down from 51.6% in 2021, according to a Federal Reserve Bank of New York survey released on Monday.
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Bank of America Q1 Profits Fall 12%, Much Less Than Rivals The bank saw net interest income increase 13% in the quarter, roughly $1.4 billion. BofA's balance sheet is more skewed to bonds with shorter maturities, so short-term moves in interest rates tend to quickly impact the bank's bottom line.
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