Business

Chinese factory activity fell the most since April;  Asia-Pacific markets are predominantly high

Chinese factory activity fell the most since April; Asia-Pacific markets are predominantly high

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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Fear of 'angry people' prompted Bankman-Fried to open withdrawals for Bahamians

Fear of ‘angry people’ prompted Bankman-Fried to open withdrawals for Bahamians

Former FTX CEO Sam Bankman-Fried has disclosed what really happened in the days leading up to the bankruptcy filing when the exchange selectively reopened withdrawals – only for Bahamian users. In a phone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried says he made the decision to reopen withdrawals to Bahamian citizens because …

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Twitter is less secure due to Elon Musk's management style, says former top official |  CNN Business

Twitter is less secure due to Elon Musk’s management style, says former top official | CNN Business

CNN Business — The dictatorial management style of Twitter owner Elon Musk risks driving the company headlong into unforced business mistakes, content moderation disasters and the degradation of the platform’s core features that help protect vulnerable users, according to a former top Twitter executive who led the company’s content moderation before quitting abruptly. this month. …

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A Shell station in San Luis Obispo County was charging more than $7 per gallon in late September. 

‘Unacceptable’: California oil companies facing new tax fail to show up for gas price hearing

A Shell station in San Luis Obispo County was charging more than $7 a gallon at the end of September. Chloe Jones cjones@thetribunenews.com Are oil companies exploiting Californians for record profits? How can state regulators prevent refineries from shutting down for maintenance at the same time? What are the best approaches to prevent future gas …

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Live stock market news updates: Stocks drop on China COVID concerns, economic data

Live stock market news updates: Stocks drop on China COVID concerns, economic data

U.S. stocks edged lower on Tuesday as Wall Street continued a slow start to the week as investors continued to watch China’s COVID policy and anticipate Federal Reserve Chairman Jerome Powell’s expected speech. The S&P 500 (^GSPC) fell 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was virtually …

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HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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Stock market weakens at noon awaiting Powell's speech;  This IBD index surpasses

Stock market weakens at noon awaiting Powell’s speech; This IBD index surpasses

The stock market weakened at midday on Tuesday, sending the main indexes near the lows of the day. An apparent easing of Covid restrictions in China could not offset the stock market’s apprehension over the upcoming data and Jerome Powell’s speech. X The Nasdaq composite slipped 0.6% and the S&P 500 fell 0.4%. The Dow …

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AMC Networks plans major layoffs as CEO steps down after less than three months

AMC Networks plans major layoffs as CEO steps down after less than three months

Christina Spade attends The Hollywood Reporter, SAG-AFTRA and Heineken Celebrate Emmy Award Contenders Annual Nominees Party on September 10, 2022 in West Hollywood, California. Michael Kovac | The Hollywood Reporter | Getty Images AMC Networks told his employees on Tuesday that he was planning significant layoffs, according to a memo obtained by CNBC and a …

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Stocks mixed as China Covid-19 subsides

Stocks mixed as China Covid-19 subsides

The Dow Jones Industrial Average fell on Tuesday after a tough session on Monday. China-Based Actions Ali Baba (BABA), JD.com (JD) and Pinduo-duo (PDD) rose sharply as China’s Covid-19 concerns eased. X Tuesday’s modest dose of economic news includes the Case-Shiller home price index for September and November consumer confidence figures from the Conference Board …

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