Bitcoin is ‘changing the whole face’ of investing, valuations: MarketGauge Group managing director MarketGauge Group managing director Michele Schneider on her outlook for bitcoin and the oil industry. Tesla Inc. CEO Elon Musk said the inability to receive a return on his company’s cash was behind the decision to buy $1.5 billion of bitcoin. Ticker Security Last Change Change % TSLA […]
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(Reuters) – Britain’s Supreme Court ruled on Friday that a group of Uber drivers were entitled to worker rights such as the minimum wage, in a blow to the ride-hailing service that has ramifications for millions of others in the gig economy.FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, California, September 30. 2019. REUTERS/Mike BlakeUber drivers […]
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The U.K. suffered its worst economic downturn for more than 300 years in 2020, but its accelerated inoculation program has seen more than 16 million people receive the first dose of a coronavirus vaccine. Despite nationwide lockdown measures having been in place since the turn of the year, economists are hoping for a swift recovery later in the year. LONDON […]
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LONDON/TOKYO (Reuters) – Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in […]
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PARIS (Reuters) – Danone on Friday said it would return to profitable growth in the second half of 2021 after a tough first quarter, as the Activia yoghurt maker doubled down on a turnaround plan criticised as too slow by some investors.FILE PHOTO: Company logos are seen on products displayed before French food group Danone 2019 annual results presentation in […]
Read moreFox Business Flash top headlines for February 18 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Dropbox Inc said on Thursday it would sublease some of its office spaces as the file hosting service transitions to a remote working model. The firm, which has a sprawling warehouse-styled office building in San Francisco's South of Market neighborhood, […]
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FILE PHOTO: Doses of Pfizer-BioNTech COVID-19 vaccine sit in a fridge at the Foch hospital in Suresnes, near Paris, France, February 8, 2021. REUTERS/Benoit Tessier (Reuters) – New Zealand officials injected a small group of medical professionals with the Pfizer-BioNTech COVID-19 vaccine on Friday, in preparation for a wider rollout over the weekend. The group chosen for the test run […]
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WASHINGTON/BOSTON/NEW YORK (Reuters) – Tension, irate questions, people talking over one another, and a cat photo. Thursday’s five-plus hour U.S. congressional hearing on GameStop had all of that, as top hedge fund managers, the head of Robinhood, and Roaring Kitty himself answered a barrage of questions over who was at fault in January’s trading frenzy. GameStop rose more than 1,000% […]
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FILE PHOTO: Janet Yellen speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah MillisWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday said a tax hike would be needed to pay for part of a big infrastructure modernization package that President Joe […]
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