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Google Settles Class-Action Lawsuit for $118 Million

Google has agreed to pay $118 million in a class-action lawsuit alleging that Google underpays women which is a direct violation of California state law

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Weather and Geopolitical Conflict Putting Pressure On Food Supply

Rising inflation has been concerning everyone as rising pieces and the cost of living seem to continuously increase with no end in sight. One of the greatest concerns for many is the growing cost of food, and the situation may only become worse as

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Prologis Acquires Duke Realty in $26 Billion Deal

Warehouse giant Prologis has agreed to buy its rival Duke Realty in an all-stock deal valued at $26 billion including debt

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Fed Eyes Emergency Measures for Early 75bps Hike

Amid a terrible trading Monday with the S&P down 3.88% from the open, the Fed is now clearly determined to stomp out runaway inflation above any and all market support, data showed the consumer price index rose 8.6% in May from a year earlier, a fresh 40-year high. Consumer confidence has also fallen to

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Hot Summer Ahead

The world is in for a hot summer, not due to any particular forces of the weather or climate, but because energy prices are so high that it's cheaper to sweat and suffer than run the home AC all day or let the car idle in the Costco parking lot as you wait for

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The Feds Plan to Fight Inflation

The Federal Reserve is raising interest rates for the third time this year as it seeks to fight rising inflation running at the fastest pace in over 40 years, and the big question for many has been how much it will lift rates?

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Musk's Twitter Takeover Causing Anxiety Among Tesla Backers

Elon Musk’s acquisition of Twitter, while welcome for some, has begun to cause serious concern for others as loyal backers of Tesla are becoming frustrated that Musk may be stretching himself too thin

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GSK Looks to Acquire Affinivax for $3.3 Billion

GlaxoSmithKline, aka GSK, is looking to buy Boston-based Affinivax in a deal valued as high as $3.3 billion to bolster GSK’s presence in the vaccine market

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Chinese Banks Are Begging For Borrowers

Chinese authorities are facing an uphill battle in convincing companies and households to boost borrowing as long as Covid outbreaks and lockdowns continue to crush confidence

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DWS Facing Fraud Allegations Over "False" ESG Statements

German banks DWS and its majority owner Deutsche Bank were raided by law enforcement on Tuesday morning due to allegations of greenwashing.Around 50 officers arrived at the two locations in Frankfurt Tuesday morning and held meetings with the staff as part of the probing process

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German Inflation Hits 50 Year High

German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices, strengthening the case for a big, half a percentage point European Central Bank interest rate hike in July

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Baby Formula Manufacturers, FDA & Congress Meet to Discuss Shortage

A bipartisan group of lawmakers were putting the spotlight on manufacturers of baby formula and industry experts due to an ongoing shortage on Wednesday, with two House hearings taking place on Capitol Hill

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GameStop Jumping into NFTs to Seduce Memestock Buyers

GameStop has struggled in recent years as the core business structure of buying and selling hard copies of video games has become increasingly obsolete due to the growing popularity of digital purchases and downloads

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Airbnb Abandons China

Airbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the country as early as Tuesday morning in Beijing

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DiDi Delisted from NYSE

Chinese ride-hailing company Didi has stated that it will continue to move forward with its plans to delist from the New York Stock Exchange due to a cybersecurity probe that has left the company to remove its app from online marketplaces

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Broadcom to Acquire VMware for $60 Billion

U.S. Chipmaker Broadcom is in talks with VMware regarding an acquisition that could be valued as high as $60 billion

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Subprime Auto Loans Hitting Record Delinquencies

Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end

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Adani Group's Billion Dollar Expansion

Adani Group has high hopes for India’s economy in the coming years and response has begun laying the groundwork for the largest infrastructure acquisition in the country’s history

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CVC Acquisition of Brambles Valued at $13.8 Billion

Brambles, one of Australia’s oldest companies, is in the early stages of selling the company to CVC Capital Partners in a takeover that could be valued as high as AU$20 billion

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Microsoft Doubles Salary Budget

Microsoft plans to “nearly double” its budget for employee salaries and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation

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McDonalds to Exit Russia

McDonalds said it would quit Russia and sell its regional business there, ending more than three decades in the country over its invasion of Ukraine

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Uber Launching Uber Travel

With the Covid-19 pandemic being just about over throughout the United States, Uber looks to expand its offerings for the coming summer when events and travel are likely to skyrocket

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Janet Yellen Speaks Out on Volatility

The United States Secretary of the Treasury, Janet Yellen recently told lawmakers that the Covid-19 pandemic and the war in Ukraine may continue to add turbulence to the world economy

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Podcast Ad Revenues to Top $2B in 2022

In the last year or so, the podcast advertising industry has turned a corner. According to the Interactive Advertising Bureau (IAB) and PwC’s 2021 U.S. Podcast Advertising Revenue Study, the next two years will see a significant spike in podcast ad revenue growth

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Microsoft Testing Augmented Reality Goggles for the Pentagon

Microsoft will begin testing their HaloLens augmented reality goggles for military purposes in a contract that could cost the company as much as $1.3 billion

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