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Business

“Hertz loses another $200 million from its EVs”

April 26, 2024

“Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble… The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet… Continue Reading…

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Business

“Apple loses mantle as world’s biggest phone seller to Samsung as China sales drop”

April 17, 2024

“Apple has lost its spot as the world’s biggest mobile phone seller after a steep sales drop as South Korean rival Samsung retook the lead in the global market share. Samsung had been the biggest seller of mobile phones for 12 years… Continue Reading…

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Business

“Israel’s Cyera triples valuation to $1.4 bln in funding led by U.S. investment firm”

April 10, 2024

“April 9 (Reuters) – Israel’s data security firm Cyera has tripled its valuation to $1.4 billion in less than a year as it raised fresh capital in a series C funding led by U.S. tech-focused fund Coatue Management… The rapid… Continue Reading…

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Business

“Johnson & Johnson boosts heart device business with $12.5 billion Shockwave Medical deal”

April 8, 2024

“Johnson & Johnson on Friday agreed to buy Shockwave Medical for $12.5 billion in a deal that would help broaden its portfolio of medical devices used in treating heart diseases. The acquisition gives J&J access to a device that uses shockwaves to break… Continue Reading…

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Economy

“California Businesses Take On Gavin Newsom Over Tax Hikes”

April 5, 2024

“A coalition of California companies is going to war with Gov. Gavin Newsom and his Democratic allies over taxes it says have grown out of control in the Golden State. The businesses have gathered enough signatures to put a measure on November’s… Continue Reading…

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Business

“[Amazon]… It Soared 950% Over the Last Decade and It’s Still a Top Buy”

April 5, 2024

“…Despite gaining 950% over the past decade, analysts at JPMorgan Chase still selected Amazon as their “best idea” in 2024, citing three reasons the company could create more shareholder value…” https://finance.yahoo.com/news/meet-newest-artificial-intelligence-ai-085500319.html

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Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

April 5, 2024

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

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Business, Economy

“The wealth of the 1% just hit a record $44 trillion”

April 2, 2024

“…The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, as an end-of-year stock rally lifted their portfolios, according to new data from the Federal Reserve. The total net worth of the… Continue Reading…

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Business

“CrowdStrike Peer Ramps Up 406% Growth — And New Buy Point”

March 29, 2024

“Boosted by 406% earnings growth last quarter and strong forecasts ahead, CyberArk Software (CYBR) has set up a new potential breakout after already fueling an impressive run. As a result, CYBR stock has secured its place on the latest list of new buys… Continue Reading…

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Business, Stocks

“Viking Therapeutics stock jumps more than 15% on promising weight loss pill data”

March 29, 2024

“Viking Therapeutics shares closed more than 15% higher on Tuesday after the company said its experimental weight loss pill showed positive results in a small study and will enter the next stage of development later this year… Viking is one of several small… Continue Reading…

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