Category: Domestic
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Silicon Valley Bank failure having worldwide repercussions.
It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers…
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Apple becomes a $2 trillion company?
Just two years ago, Wall Street investors pushed Apple to a trillion-dollar market capitalization, making it the most valuable tech company in the world. At around 7:53 a.m. PT on Wednesday, Aug. 19, Apple’s stock hit $467.55 a share, which when multiplied by the roughly 4 million shares outstanding as of June 27, values Apple at $2…
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TikTok confirms it will sue the US government, alleging Trump failed to provide ‘due process’ before issuing ban
TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump’s executive orders targeting the popular app. A company spokesperson said TikTok experienced “a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses.” TikTok, which has surged…
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Global markets tumble for second day amid fears of coronavirus spread
Investors sold off shares across the world for a second day on Tuesday as fears of the economic impact of the coronavirus continued to grow.
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Apple may be forced to disclose censorship requests from China
Apple could be forced to disclose details of censorship requests from China and other nations after two major shareholder groups backed a proposal that would force the tech firm to make new human rights commitments.
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Oil and gas industry rewards US lawmakers who oppose environmental protections – study
Companies spent $84m on congressional campaigns in 2018, analysis of votes and political contributions shows
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Coronavirus: US says Russia behind disinformation campaign
Thousands of Russian-linked social media accounts have launched a coordinated effort to spread misinformation and alarm about coronavirus, disrupting global efforts to fight the epidemic, US officials have said.
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Companies paid record $1.43 Trillion in dividends in 2019
Rise driven by strong market performances in North America and emerging economies