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Elon Musk's Mysterious Ways on Display in Tesla Tweet Trial
Elon Musk's enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits - tweeting.The trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018,...
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Recession Fears Pose Challenge to Energy Shares After Stellar Year
A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year's stunning run, despite valuations that are seen as still comparatively cheap.
The S&P 500 energy sector is up 4.2%...
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Dick Morris to Newsmax: DirecTV's 'Outrageous Act of Political Censorship'
Denouncing DirecTV's "outrageous act of political censorship," presidential campaign adviser Dick Morris tells Newsmax viewers to not to just get mad, but get even, as DirecTV ostensibly tries to deplatform Donald Trump's 2024 campaign rallies.
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White House Blasts Big Oil Stock Buybacks as Chevron Profits Double
The White House Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders instead of boosting supply, after Chevron Corp. said its annual profit doubled for 2022.
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DOJ Probing Visa Debit Card Practices
Visa Inc. said Friday the antitrust division of the U.S. Department of Justice had issued investigative demand earlier this month seeking documents and information about U.S. debit card practices and competition with other payment networks.
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Bed Bath & Beyond's Efforts to Find Buyer Stall
Bed Bath & Beyond Inc.'s efforts to find a buyer ahead of a likely bankruptcy filing have stalled, Bloomberg News reported Friday.
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Intel's 'Historic Collapse' Erases $8 Billion From Market Value
Intel Corp. saw about $8 billion wiped off its market value Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal computer market.
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Wall Street Ends Higher, Notches Weekly Gains
Wall Street gained ground Friday, marking the end of an rocky week in which economic data and corporate earnings guidance hinted at softening demand but also economic resiliency ahead of next week's Federal Reserve monetary policy meeting.
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Consumers Preparing for Recession Despite Rising Optimism
The number of consumers who said they are feeling better about the economy has risen for the second month, but most are still getting ready for a possible recession, according to the University of Michigan.
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WH Approves More Than 16M for Student Loan Forgiveness, but Can't Move Forward
The White House has approved student loan forgiveness for more than 16 million people, but the program is on hold until the U.S. Supreme Court decides its fate in late February. The Biden administration on Friday announced it had "fully approved" more than 16 million people ...
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Goldman Foresees Lower Gas Prices
Goldman Sachs reduced its expectations for U.S. natural gas prices as warmer weather and stagnating export capacity add to higher-than-usual inventories, with the market entering a bearish cycle this year and the next.
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SEC Probes Musk's Role in Tesla Self-Driving Claims
The U.S. securities regulator is investigating Elon Musk's role in shaping EV maker Tesla's self-driving claims, Bloomberg News reported Friday, citing a person with knowledge of the matter.
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3rd Trader Joe's Votes to Unionize
A Trader Joe's store in Louisville, Kentucky, has become the grocery chain's third to vote to unionize.Workers at the store voted 48-36 in favor of the union Thursday evening, according to the National Labor Relations Board, which conducted the election.
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House Passes Bill to Limit Biden in Selling Oil From Strategic Reserve
The Republican-controlled House passed legislation Friday that would impede President Joe Biden in selling oil from America's Strategic Petroleum Reserve stockpile to foreign entities.
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Rasmussen Poll: More Than Half Say They Pay Too Much in Taxes
More than half , 51% , of Americans say they pay more than their fair share of income taxes, according to a new poll by Rasmussen Reports.The number is down from an all-time high of 62% who felt the same way in a 2022 Rasmussen Reports poll.Here are how the survey results,...
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Elon Musk, Top Biden Officials Discuss Electrification
Tesla Chief Executive Elon Musk met two top White House officials Friday in Washington to discuss how the car maker and Democratic President Joe Biden could work together to advance electric vehicle production and speed electrification of U.S. vehicle networks.
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Fireball Maker Sued Over Mini Bottles That Don't Contain Whiskey
The makers of Fireball whiskey, Sazerac Company, Inc., are being sued for fraud and misrepresentation after it was discovered that there is in fact no whiskey contained in the brand's mini bottles of the beverage.
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Wall Street Set for Weekly Gains on Fed Pivot Hopes
Wall Street rose in choppy trading Friday as data indicated easing inflation ahead of the Federal Reserve's interest rate decision next week, while credit card giant American Express jumped nearly 11% on an upbeat forecast.
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Boeing to Hire 10,000 in 2023
Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday.
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China Calls US 'Bully' at WTO
China strongly criticized the United States at a World Trade Organization meeting Friday, calling Washington a "unilateral bully" and a "rule breaker" in the latest escalation of rhetoric between the two trade rivals.
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Goldman Slashes CEO's Pay to $25 Million
Goldman Sachs Group Inc. slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in a filing Friday.
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3 Steps to Safeguard Your Job Now
With layoffs piling up and a recession looming, American workers would be wise to take these three simple steps to protect their livelihoods and their finances, Fortune reports.
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Apple Software to Help Users Build Mixed-Reality Apps
Apple Inc. is developing software to help users of its upcoming mixed-reality (MR) headset build their own augmented reality apps, the Information reported Friday.
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Fed Seen Ending Rate Hikes by March as Inflation Slows
Federal Reserve policymakers are finally seeing some sustained progress in sapping high inflation, cementing their plan to raise interest rates by a quarter percentage point next week, with traders betting they'll end their hiking campaign in March.
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Lauren Fix, The Car Coach: Everything You Need to Know Before Buying a Car in 2023
Many people have been waiting to buy a used car, becuase prices were high, supply was low and the Fed raised its prime rate to the 4.25%-4.5% range.