Following billions of dollars being withdrawn this week, Mazars has removed the Binance report from its website. The accounting firm Mazars, which provided Binance, the largest cryptocurrency exchange, with a proof of reserves report last week, has removed the report from its website and no longer provides the service to its crypto clients. On December […]
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On Friday, the U.S. stock market suffered its second consecutive weekly loss, causing stocks to fall. The S&P 500 was down 1.1% at the close, the Dow was down 0.9%, and the Nasdaq was down 1%. S&P Global’s preliminary readings on economic activity in the United States this month, which showed a further deterioration in […]
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Darden Cafés on Friday detailed quarterly income and income that beat Money Road’s assumptions, as shoppers kept on eating out notwithstanding strain from expansion. Additionally, the company increased the range of its earnings forecast for fiscal 2023 from $10.2 billion to $10.4 billion to $10.3 billion to $10.45 billion. In the midst of losses across […]
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More than 1,000 baristas at store locations across the country are participating in a three-day walkout, according to Starbucks Workers United, the organization organizing the coffee chain’s unionization efforts. The group dubbed the strike “the longest collective action of our campaign yet” on Friday. The workers at Starbucks are striking once more. According to union […]
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Why many Silicon Valley executives regard the owner of Twitter as a hero because of his brutal and uncompromising style. A large number of Elon Musk’s tip top fans respect him for administering Twitter with an iron clench hand. To most people outside of Silicon Valley, Elon Musk’s ownership of Twitter has been an absolute […]
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Goldman Sachs, the celebrated venture bank, anticipates slicing up to 8% of its workers as it braces for a harder climate one year from now, as per an individual with information on the circumstance. Key Highlights: Goldman Sachs anticipates slicing up to 8% of its representatives as it braces for a harder climate one year […]
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Beginning with a crude purchase of 3 million barrels, the Biden administration is carrying out a plan to replenish the nation’s emergency oil reserves. Following a historic 180 million barrel release of oil from the US Strategic Petroleum Reserve to control high gasoline prices amid Russia’s invasion of Ukraine and other supply issues, the purchase […]
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Ford Motor Company has increased the starting price of its electric F-150 Lightning once more, citing higher pickup truck raw material costs. The F-150 Lightning Pro, an entry-level model intended for commercial and business customers, will now cost $55,974—a 40% increase from the initial price of $39,974 announced in May 2021 and an increase of […]
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According to two people who are familiar with the fundraising effort, news platform Semafor reported on Friday that the managing director of Elon Musk’s family office is looking for new equity investors for Twitter. According to the report, Musk’s money manager, Jared Birchall, contacted potential investors this week and offered shares of Twitter for the […]
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On Thursday, Elon Musk’s Twitter account suspended a number of journalists from major news organizations who covered him. This sparked outrage across the globe. However, according to some legal experts, a different and possibly related move that Twitter made at the same time against a rival that was growing quickly could expose the company to […]
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