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Monthly Archives: November 2022

HKEX CEO discusses trading halt rules as typhoon warning ends session early

One of the world’s biggest stock exchanges has a special policy for bad weather – it halts trade whenever authorities issue a typhoon warning of Signal 8, the third highest level, or higher. Nicolas Aguzin, the CEO of Hong Kong Exchanges and Clearing, said the bourse is “constantly” looking into …

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Biden blames extreme MAGA Republicans for intimidating voters, election officials

President Joe Biden urged Americans to vote in favor of democracy, reject election-denying candidates and be patient with results ahead of the first national Election Day held since the Jan. 6 attack on the U.S. Capitol. “It’s estimated that there are more than 300 election deniers on the ballot all …

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I don’t want to own Taiwan Semiconductor

Cerence Inc: “In a market like this, it can go to $13, $12. If you can take that level of pain, you can absolutely buy it, because it is a good company.” Matterport Inc: “It’s a $3 stock. So you think, ‘well, how much can you lose?’ I’ve got bad …

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Etsy earnings Q3 2022

Josh Silverman, CEO of Etsy Adam Jeffery | CNBC Etsy shares surged as much as 10% in extended trading Wednesday after the online marketplace’s third-quarter revenue and earnings outperformed expectations. The company also posted upbeat guidance for the current period. Here’s how the company did: Earnings: 58 cents per share, …

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Stay away from ‘fool’s gold’ software stocks

CNBC’s Jim Cramer on Wednesday advised investors to stay away from software stocks. “Data has become fool’s gold. Data is iron pyrite. When you hear the word data and you see a loss, I don’t care what kind of growth the company has, I don’t care what kind of software …

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LAPD captain warned CBS about Les Moonves sexual assault claim, NY AG says

Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp. David Paul Morris | Bloomberg | Getty Images Paramount Global and former CBS chief Les Moonves agreed to make additional payments to settle an investigation by the New York State Attorney General’s office, which disclosed further allegations involving the …

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Cloud stocks creamed as Fed indicates more rate hikes are coming

Investors pounded cloud software stocks on Wednesday on concern that interest rates will rise for longer than previously expected. Initially stocks moved higher as the Federal Reserve announced it would increase its benchmark rate by 75 basis points. But after Powell began speaking at the central bank’s press conference, equities …

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Twitter owner Elon Musk sees pressure from civil rights leaders

Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. Hannibal Hanschke | Reuters Days after closing his $44 billion purchase of Twitter, Elon Musk faced pressure from heads of civil …

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Netflix’s $7 ad-supported tier is coming this week

Move over “Stranger Things,” the next big Netflix hit may just be commercials. The streaming giant on Thursday is rolling out its cheapest membership tier, dubbed “Basic With Ads.” The new tier will cost $6.99 per month, which makes it a full $3 cheaper than Netflix’s current cheapest plan, the …

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Qualcomm (QCOM) earnings Q4 2022

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022, in Beverly Hills, Calif. Patrick T. Fallon | AFP | Getty Images Qualcomm shares fell 5% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor …

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