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Monthly Archives: December 2022

How to lock in a low rate before Disney+’s biggest price hike ever

Disney Plus is getting more expensive, and now’s your last chance to avoid the price hike. Starting Dec. 8 the home of hit shows like “The Mandalorian” and “Loki” will see the cost of its ad-free membership tier increase from $7.99 per month to $10.99 per month. Unlike other streaming …

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Aaron Judge signs record-breaking deal to stay with Yankees

Yankee fans sighed a breath of relief as star player Aaron Judge signed a contract to continue playing in pinstripes for the next nine years. Last year’s American League MVP agreed to a nine-year contract worth a record-breaking $360 million. Job-hopping may have gotten a lot of attention this year …

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Used vehicle demand and prices continue to decline from record highs

A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate …

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Sam Bankman-Fried lobbied for Taylor Swift deal as FTX bled cash

Earlier this year, as the crypto meltdown was draining the industry of liquidity, FTX executives were begging company founder Sam Bankman-Fried to preserve cash and stop spending hundreds of millions of dollars on celebrity endorsements. But the 30-year-old billionaire, who’d relied on branding and hype to rapidly take his crypto …

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AGNC Investment is not a buy

Paramount Global: “Too cheap to believe. … I don’t know where it bottoms, but it sure isn’t close to the top.” Hasbro Inc: “I don’t like the earnings, and I think that Mattel‘s actually cheaper.” Citigroup Inc: “The book value is so different from where the common stock is, the …

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Apple announces plans to encrypt iCloud backups

CUPERTINO, CALIFORNIA – JUNE 06: Apple CEO Tim Cook looks at a display of brand new redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. (Photo by Justin Sullivan/Getty Images) Justin …

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Rich Chinese keep spending while others cut back: McKinsey survey

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found …

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Jim Cramer says not to fear bearish economic talk from bank CEOs

CNBC’s Jim Cramer on Wednesday told investors that they should take gloomy economic commentary from bank executives with a grain of salt.  “Don’t panic the next time you hear one of these bank CEOs say something terrifying — they don’t know the impact of their words,” he said, adding, “Sure, …

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Maxine Waters doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on crypto exchange’s collapse

Rep. Maxine Waters (D-CA) participates in a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters House Financial Services Committee Chairwoman Maxine Waters told Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at Tuesday’s hearing about the crypto exchange’s rapid …

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Ex-Theranos COO Sunny Balwani sentenced to nearly 13 years in prison

Former Theranos chief operating officer and president Ramesh “Sunny” Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to …

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