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GM, Ford Must Convince Investors They Can Profit as Prices Fall
General Motors Co. and Ford Motor Co. are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs).
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US Airlines Forecast Strong 2023 Earnings on Renewed Travel Boom
U.S. carriers gave strong earnings forecasts for the year Thursday despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results.
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Consumer Reports Urges Dark Chocolate Makers to Reduce Lead
Consumer Reports Monday urged four chocolate producers to commit by Valentine's Day to reduce the amounts of lead and cadmium in their dark chocolate products, after testing revealed harmful levels of the heavy metals.
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Big Oil's Good Times Roll on After Record Profits
The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023.
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10% of All New Cars Sold in 2022 Were EVs
Electric vehicle sales surged by 68% last year, to the point that 10% of every new car sold was an EV, The Wall Street Journal reports.
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Global PC Market Seen Recovering in Late 2023
Global personal computer shipments are expected to rise starting late 2023, with a new cycle of system upgrades likely to accelerate growth next year, according to research firms IDC and Canalys.
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10 Biggest Retail Bankruptcies of the Past 5 Years
Storied home goods chain Bed Bath & Beyond is preparing for bankruptcy in coming weeks following a run of poor sales.
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Seattle Schools Sue Tech Giants Over Social Media Harm
The public school district in Seattle has filed a novel lawsuit against the tech giants behind TikTok, Instagram, Facebook, YouTube and Snapchat, seeking to hold them accountable for the mental health crisis among youth.Seattle Public Schools filed the lawsuit Friday in...
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From BlockFi to Genesis - Cryptos Reel From FTX
After the collapse of major cryptocurrency exchange FTX, the industry has felt a ripple effect due to the exposure of many companies to FTX and its affiliated trading firm Alameda Research.
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Rivian Stock Less Bruised Than Tesla, as Both Miss EV Targets
Electric vehicle maker Rivian Automotive barely missed its full-year production target of 25,000 vehicles in 2022, the company said in a filing late on Tuesday.
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US Auto Sales Fall, GM Reclaims Top Spot From Toyota
U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Motors Co. and Ford Motor Co.
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Electric Vehicle Uptick Sends Investment to the South
The Great Lakes has been the epicenter of the auto industry, but investment into electric vehicle plants has homed in on the southern states of Tennessee, Kentucky, and Georgia.
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M&A Bankers Grapple With Unprecedented US Challenges
Investment bankers and deal lawyers accustomed to regulatory hurdles to their mergers face an unprecedented challenge under U.S. President Joe Biden - antitrust watchdogs who are undaunted when they lose such battles in court.
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2023 Tax Credits Will Boost EV Appeal
Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
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Binance on a Wild Ride in Wake of FTX Collapse
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world's biggest exchange for crypto assets.
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Recession to Jam Brakes on Global 2023 Earnings
Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn.
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Cryptocurrencies at Crossroads After Annus Horribilis
To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure.
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Trump Announces Multistep Agenda to Protect Speech, Tackle Big Tech
Former President Donald Trump unveiled a five-point plan to tackle censorship Thursday night, vowing to protect "lawful speech" from being labeled as disinformation. Newsmax provided coverage of the strategy rollout. Among the key pledges listed by Trump if he wins the 2024 ...
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US Manufacturing Dragged Down by Cars
Production at U.S. factories dropped more than expected in November as a decline in the output of motor vehicles offset gains elsewhere, according to data on Thursday, which showed manufacturing retaining some momentum.
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China to WTO : US 'Destroyer' of Global Trade
China accused Washington Wednesday of using subsidies to prop up national industries and refusing to abide by the rules of the World Trade Organization.
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Binance Deposits Return After Billions in Withdrawals
The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies and halted some stablecoin withdrawals.
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Keystone Restart Unclear, Oil Supply Worries Mount
Traders expressed worry Monday about how long Canada's TC Energy Corp.'s cleanup efforts would take in order to restart its Keystone oil pipeline after more than 14,000 barrels of oil leaked last week, the largest U.S. crude oil spill in nearly a decade.
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US Set to Announce Fusion Energy 'Breakthrough'
Scientists have succeeded for the first time to produce a fusion reaction that creates a net energy gain, a key milestone in the quest for abundant zero-carbon power, the Department of Energy plans to announce on Tuesday.
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Justice Split Over Charging Binance as Crypto Reels
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world's largest cryptocurrency exchange Binance, four people familiar with the matter have told Reuters.
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Keystone Pipeline Outage to Hit Oil Supplies
An outage on Keystone, the largest oil pipeline to the United States from Canada, could affect inventories at a key U.S. storage hub and cut crude supplies to two oil refining centers, analysts and traders said Friday.