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Monthly Archives: November 2022

Activision Blizzard to end gaming deal with China’s NetEase

The booth of Blizzard Entertainment at the Chinajoy Expo in Shanghai, China, on Aug. 2, 2019. CFOTO | Future Publishing | Getty Images Activision Blizzard and Chinese gaming firm NetEase are ending their 14-year licensing agreement, a move that will result in hit game franchises like World of Warcraft and …

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Biden administration to make it easier for student loan borrowers to discharge debt in bankruptcy

President Joe Biden speaks on the student debt relief plan as Secretary of Education Miguel Cardona listens in at the Eisenhower Executive Office Building in Washington, D.C., on Oct. 17, 2022. Alex Wong | Getty Images News | Getty Images The Biden administration announced on Thursday updated guidelines that will …

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More protesters in Iran sentenced to death as political unrest persists

People hold up images and placards during a demonstration in honor of Jina Mahsa Amini and the other protesters killed at The Place Joachim du Bellay in Paris, on November 13, 2022. Nurphoto | Nurphoto | Getty Images Iran’s judiciary issued three more death sentences to people who were involved …

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Gap (GPS) earnings Q3 2022

Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap on Thursday beat Wall Street’s quarterly revenue expectations, but gave a cautious outlook for the holiday season. The apparel retailer — which includes its namesake brand, …

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Visa says Ryan McInerney will replace Al Kelly as its next CEO

Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overseeing the firm’s financial institutions, acquirers, merchants and partners. He previously worked as CEO for consumer banking at …

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Binance CEO slams Sam Bankman-Fried’s erratic behavior

The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel Roubini. Appearing at the the Milken Institute’s Middle East and Africa Summit on Thursday, Changpeng Zhao, known as “CZ”, was asked to respond to a …

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Port of New York is again nation’s No. 1 trade hub as California falls

A container crane stands idle at the Port of Los Angeles amid a cargo slowdown on November 16, 2022 in Los Angeles, California. The country’s busiest container port complex, the ports of Los Angeles and neighboring Long Beach, saw imports of shipping containers drop 26 percent in October compared with …

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FTX collapse an example of ‘greed and FOMO,’ says short-seller Carson Block

Carson Block, founder of short selling investment firm Muddy Waters, thinks the collapse of cryptocurrency exchange FTX under Sam Bankman-Fried is a “great example of greed and FOMO.” Block told CNBC’s “The Exchange” he had seen the business trajectory of the former billionaire and thought there was “obviously something wrong.” …

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Rent growth slows to the lowest level in 18 months

A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a …

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How to buy on the secondary market

Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 on Nov. 13, 2022 in Duesseldorf, Germany. Kevin Mazur | Wireimage | Getty Images Taylor Swift fans are not having a “Love Story” with Ticketmaster — and may fall victim to scams if they’re not careful when …

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