US Stocks Fall as Inflation Remains Stubbornly High | Business News

US Stocks Fall as Inflation Remains Stubbornly High |  Business News

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers NEW YORK (AP) – Stocks fell in afternoon trading on Wall Street as investors received another dire readout on inflation. The S&P 500 fell 1.5% as of 2:31 pm Eastern. The Dow Jones Industrial Average fell 462 points, or 1.5%, to 31,368 and the Nasdaq … Read more

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.57% shares climbed as much as 46% to an … Read more

Coinbase Loses Half Its Value in a Week as Crypto Slumps | Business News

By MATT OTT, AP Business Writer SILVER SPRING, Md. (AP) – Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $ 430 million net loss in the first quarter, … Read more

Asian Stocks Mixed, China Gains Ahead of US Price Data | Business News

By ELAINE KURTENBACH, AP Business Writer Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street. Hong Kong’s Hang Seng rose 1.7% to 19,967.25 and the Shanghai Composite index climbed 1.5% to 3,082.50. That followed the release … Read more

Asian Stocks Mixed, China Gains Ahead of US Price Data | Business News

By ELAINE KURTENBACH, AP Business Writer Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street. Hong Kong’s Hang Seng rose 1.1% to 19,853.66 and the Shanghai Composite index climbed 1.4% to 3,079.40. Tokyo’s Nikkei 225 added … Read more

Mario Batali: Celebrity chef is acquiring groping woman at Boston restaurant

CNN – Celebrity chef Mario Batali was found not guilty Tuesday on a bench trial of indecent assault and battery related to alleged groping of a star-struck patron at a Boston restaurant in 2017. Judge James Stanton noted Batali’s conduct was “not befitting of his public figure” that night five years ago but said his … Read more

White House Says Internet Providers to Discount Fee for Poor | Business News

By AAMER MADHANI, Associated Press WILMINGTON, Del. (AP) – The Biden administration announced on Monday that 20 internet companies have agreed to provide discounted service to low-income Americans, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy. The $ 1 trillion infrastructure package … Read more

Twitter Should Be a Public Service Instead of Elon Musk’s Private Business

Text size A monitor with Twitter Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, April 29, 2022. Michael Nagle / Bloomberg About the author: Anamitra Deb is the managing director at Omidyar Network. Can Elon Musk generate new revenue streams and turn around Twitter’s bottom … Read more

Britain Pushes Tough Tech Rules Under New Digital Watchdog | Business News

LONDON (AP) – Big tech companies like Google and Facebook parent Meta would have to comply with tough British rules under a new digital watchdog aimed at giving consumers more choice online – or face the threat of big fines. The United Kingdom government on Friday outlined the powers it’s planning for its Digital Markets … Read more

Europe’s Farmers Stir up Biogas to Offset Russian Energy | Business News

By JOHN LEICESTER and FRANK JORDANS, Associated Press SONCHAMP, France (AP) – In lush fields southwest of Paris, farmers are joining Europe’s fight to free itself from Russian gas. They’ll soon turn on the tap of a new facility where crops and agricultural waste are mashed up and fermented to produce “biogas.” It’s among energy … Read more

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