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Dow drops 1100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies The Dow Jones Industrial Average headed for its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors' worst fears over rising inflation and rekindling the brutal 2022 sell-off.
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Biden invokes Defense Production Act to address infant formula shortage, among other actions The President is invoking the act -- which allows the government more control over industrial production during emergencies -- to direct suppliers of formula ingredients to prioritize delivery to the manufacturers of formula. Biden also announced the ...
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Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index Tesla, the world's leading maker of electric vehicles, has been cut from S&P's ESG Index created for environmentally conscious investors owing to flaws in its business conduct and, ironically, aspects of the company's low-carbon strategy.
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Grubhub offered free lunches in New York City. That's when the chaos began When I first saw that Grubhub was running a free lunch promotion for New Yorkers on Tuesday, my mind did not begin to ponder logistics or labor shortages. All I thought was what kind of sandwich I would be treating myself to that day.
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JPMorgan shareholders vote down pay bump for CEO Jamie Dimon New York (CNN Business) JP Morgan Chase investors on Tuesday voted down a multimillion-dollar payout for CEO Jamie Dimon. The pay proposal they rejected included a massive $52.6 million retention bonus as part of Dimon's 2021 compensation package, ...
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UK inflation hits 40-year high of 9% as energy bills soar The surge came as millions of people saw an unprecedented £700-a-year increase in energy costs last month. Higher fuel and food prices, driven by the Ukraine war, ...
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Gas prices pass $4 per gallon in every US state for the first time Not too long ago in some parts of the United States, paying more than $4 for a gallon of gas was seen as a coastal problem faced by Americans in pricey big cities. But now, for the first time, the average price for a gallon of gas has surpassed $4 in ...
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S&P 500's ESG index boots Tesla Washington, DC (CNN Business) The S&P 500 index devoted to highlighting companies excelling at ESG, which stands for environmental, social and governance issues, has removed Tesla from the index, it explained in a blog post published on Tuesday.
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JPMorgan CEO Dimon calls for raising minimum wage, more education to address racial gaps JPMorgan Chase CEO Jamie Dimon speaks at the Ohio Chamber of Commerce 2022 State of Business. A week after the release of a tough report that shows long-standing racial gaps costs the ...
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US officials order government agencies to fix serious software bugs that hackers are exploiting Washington (CNN) US cybersecurity officials on Wednesday ordered all federal civilian agencies to fix flaws in widely used software that officials said foreign government-linked hackers are likely moving to exploit. "These vulnerabilities pose an ...
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