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Business

“Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined”

December 8, 2022

“The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the U.S. Defense Department’s effort to rely on… Continue Reading…

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Business, Economy, Personal Finance

“The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings”

December 5, 2022

“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…

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Business

“Kroger hikes forecast after stronger grocery sales top estimates”

December 1, 2022

“Kroger on Thursday raised its forecast for the year after stronger third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs and other groceries… Here’s what Kroger reported for the three-month period… Continue Reading…

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Business, Economy

“Life-Insurance Payouts Hit Record $100 Billion in 2021”

November 29, 2022

“U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year of Covid-19 deaths, an industry trade group said. Payouts rose 11% in 2021 to $100.19 billion, most likely due to the pandemic, according to… Continue Reading…

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Business

“Amazon’s Customer Satisfaction Slips With Shoppers”

November 21, 2022

“For nearly three decades, Amazon AMZN -2.63%decrease; red down pointing triangle.com Inc. has been defined by its obsession over customers. Recent information, however, suggests that consumer enthusiasm about the country’s largest online retailer has slipped. The number of Amazon customers who said they were… Continue Reading…

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Business, Stocks

“Disney shares rise after Iger replaces Chapek as CEO”

November 21, 2022

“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…

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Business, Economy

“Amazon reportedly plans to lay off about 10,000 employees starting this week”

November 14, 2022

“Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of… Continue Reading…

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Business

“Facebook Parent Meta Is Preparing to Notify Employees of Large-Scale Layoffs This Week”

November 7, 2022

“Meta Platforms Inc. META 6.17%increase; green up pointing triangle is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry’s rapid growth during the… Continue Reading…

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Business, Stocks

“Berkshire Hathaway’s operating earnings jump 20%, conglomerate buys back another $1 billion in stock”

November 7, 2022

“…Insurance-investment income came in at $1.408 billion, up from $1.161 billion a year earlier. Earnings from the company’s utilities and energy businesses came in at $1.585 billion, up from $1.496 billion year over year. Insurance underwriting suffered a loss of… Continue Reading…

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Business

“$1 billion lottery jackpots are more common than ever—and it’s actually making them harder to win”

November 3, 2022

“…The jackpot for Saturday night’s Powerball drawing has surged to $1.5 billion, the second billion-dollar jackpot of 2022, after no players claimed the top prize in Wednesday’s drawing. It’s the fifth time a U.S. lottery prize has reached 10 digits since 2016, when the… Continue Reading…

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