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Ford Halts Customer Orders for Maverick

Car manufacturers continue to struggle to meet demand as Ford Motors has halted customer orders for the Maverick that rolled out last year as the company is unable to meet the vehicles' current demand

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Boeing Bets on Flying Taxis

Boeing has invested $450 million into a company known as Wisk as part of their joint venture with Google co-founder Larry Page to develop pilotless flying taxis

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Lamborghini Greenwashed

Lamborghini has announced it is set to fully electrify its range, first with an all-plug-in-hybrid lineup, and then with the planned launch of a fourth model that will be a pure EV and that all fully gasoline-powered models will be phased out by 2025

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Intel Invests $20 Billion in Ohio Semiconductor Plant

The global chip shortage has pushed the U.S. government to further develop the domestic production of semiconductors and Intel is ready to answer the call.Intel has put forward its plans to invest $20 billion into the creation of a new manufacturing facility in Ohio. This is only a small portion of Intel’s pledge to invest up to $100 billion in the creation of a total of 8 factories across the United States over the next decade

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PetSmart Plans $14 Billion SPAC

PetSmart is in talks to go public through a blank-check company backed by private equity firm KKR according to people familiar with the matter. The pet supply retailer, backed by BC Partners, would be valued in the transaction at $14 billion including debt, said one of the people, who asked not to be identified because the information was private.

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Microsoft Acquires Activision Blizzard for $69 Billion: Here’s What That Means for Gaming

Microsoft recently unveiled its plans to acquire Activision Blizzard in a huge deal worth around $70 billion. The deal is set to be one of the largest acquisitions in tech within recent years and is projected to help strengthen Microsoft as a giant in gaming for years to come — although the deal does not come without its concerns

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Activision's Sexual Misconduct Inquiry Continues

The video game giant Activision Blizzard Inc. has fired more than 37 employees as well as issued discipline on 44 more employees over allegations of sexual harassment since July of 2021

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Atlantia Acquiring Siemens Traffic Unit for $1.1 Billion

Atlantia SpA the infrastructure firm backed by the Benetton family, agreed to buy Siemens AG’s road traffic unit for $1.1 billion including debt.The Siemens management and supervisory boards have approved the planned sale of Yunex Traffic, which makes traffic lights and associated software systems, the Munich-based company said in a statement Monday

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Ralph Lauren Looking to the Metaverse

Amid growing number of retailers are dipping their toes in the metaverse. Nike bought a virtual sneaker company, RTFKT, last month. Walmart recently filed trademarks that could pave the way to sell virtual goods from home decor to personal care products and to offer virtual currency and nonfungible tokens, or NFTs, to users. And luxury brands, including Ralph Lauren and Gucci, have launched virtual experiences

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Unilever Eyes Monster $68.2 Billion GSK Takeover

Unilever the multinational consumer goods London-based company has placed a bid for the potential acquisition of GlaxoSmithKline for a total valuation of $68.26 billion.The acquisition of GSK by Unilever comes out of a desire for the company to expand its product further into consumer health products of which GSK and Pfizer hold 32%. Unilever has high hopes for the acquisition as they believe that it would greatly expand their profit margins and help them recover from what has been a slow couple of years for many businesses, however, GSK and its stockholders have expressed serious concerns over the acquisition

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OYO Rooms Going Public in $9 Billion IPO

After facing some setbacks throughout the covid-19 pandemic the Indian startup Oyo Hotels has been in conversations with potential investors and is looking to go public with an initial valuation of $9 billion

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Why Are Shelves in the U.S. Empty?

Shelves in stores across the country are increasingly becoming noticeably empty, and many stores have been struggling to restock vital household and kitchen necessities like milk, bread, meat, and cleaning products quick enough to keep up with demand

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U.S. Government Plans to Give $10 Billion to Small Business

The United States Government is planning on distributing $10 billion to small businesses in an attempt to help them gain access to much-needed capital and boost economic recovery following the Covid-19 pandemic

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Goldman Sachs Consumer Banking Grows

Goldman Sachs Group announced a new credit card with General Motors adding another Main Street brand to its consumer business. Since Goldman transitioned from an investment bank into a full-service financial institution with a consumer bank facing business, Goldman has been quietly pursuing a unique customer acquisition strategy. Partnering directly with America’s largest brands in an entirely new way

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SoftBank Investing $146 Million in Qraft Technologies

SoftBank has made a name for itself as being one of the world’s leading investors in tech start-ups and has recently upheld that title by investing $146 million into Qraft Technologies Inc. to bolster their development of AI tools associated with stock trading

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Take2 Interactive Acquiring Zynga for $12.7 Billion

Take-Two Interactive Software Inc. has agreed to purchase Zynga Inc. in a deal valued at roughly $11 billion. The deal will give Zynga stockholders $9.86 for every stock they own by giving each stockholder $3.50 in cash and an additional $6.36 in Take-Two stock

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Rolls-Royce Collecting Death Tax

The boss of luxury carmaker Rolls-Royce said Covid-19 deaths helped the brand sell a record number of vehicles last year as wealthy motorists splashed out after realizing “life can be short”

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Ocean Energy Is Making Waves

With the demand for renewable energy on the rise, many have begun to look at the ocean for answers. Marine energy has been considered as a possible solution for mass amounts of clean energy and many believe that waves off the U.S. coasts could produce two-thirds of the country's entire energy requirements

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Jefferies Joins List of Banks Returning to WFH

Jefferies is asking its employees to work from home until at least Jan. 31 as the rise in Covid cases continues at the start of the new year

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Dysfunction Among Federal Agencies Slowing 5G Rollout

On Sunday AT&T and Verizon were asked by U.S. regulators to postpone the distribution of some of their 5G services out of fear that the technology may impact aviation travel. The U.S. telecoms’ chief executives John Stankey Hans Vestberg have spoken out against 5G stating that it may cause significant interference with aircraft technology that is critical for taking off and landing flights

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LG IPO Valued at $10.8 Billion

LG Energy Solutions is in talks with investors about the possibility of going public in an IPO that could value as high as $10.8 billion

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Stocks Looking Good for 2022

Markets have started the new year with optimism with the S&P 500 climbing ever higher, with NASDAQ and the Dow Jones Industrial Average also up above 2021 closing highs

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Why You Should Bet the Farm

Equities weren’t the only thing Americans were making irrational wild bets on. Online sports gambling saw record betting volume at an over 20-fold increase of 2,158% up from a monthly volume of $310 million in June 2018 to a monthly volume of $7 billion in October of this year with 84% of the volume happening on mobile devices

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Tech Still Faces Pressure Amid Chip Shortage

The global chip shortage continues to strain the supply chain around the world resulting in companies being unable to manufacture and meet the demands for new smartphones or even cars. While big tech companies like Intel and Samsung Electronics are often discussed for their manufacturing of highly advanced semiconductors, rarely are companies that are dedicated to simple analog chips ever given the spotlight

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Didi Blocks Employees from Selling Shares

Didi Chuxing has barred current and former employees from selling shares in the company indefinitely, dealing a new blow to staff of the Chinese ride-hailing group that has come under intense regulatory scrutiny after listing in New York

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