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Monthly Archives: January 2023

Amazon discontinues AmazonSmile charity donation program amid cost cuts

Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Monday, Nov. 28, 2022. Stephanie Keith | Bloomberg | Getty Images Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader …

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Yellen and China’s Liu He talk U.S. tech policy at in-person meeting

U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He held their first in-person meeting in Zurich on Jan. 18, 2023. Sebastien Bozon | Afp | Getty Images BEIJING — Chinese Vice Premier Liu He discussed U.S. economic and tech policy toward China in a meeting with U.S. Treasury …

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TransMedics is a total winner

SoFi Technologies Inc: “There was a report that came out earlier this week that said that they are, like many other banks, struggling with the idea that [interest] rates went up really fast, much quicker than they were ready for. I don’t know.” BHP Group Ltd: “Wait a couple of …

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Market is getting rid of ‘weak-handed investors’

CNBC’s Jim Cramer on Wednesday warned investors that stocks could continue to fall — at least in the near future. “I think we have a … period of consolidation, as we get rid of the weak-handed investors. And we certainly wash out those who got carried away and committed personal …

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How much money to save monthly to retire with $2 million

The youngest members of the workforce aren’t planning to stay as long as previous generations stayed in the working world.  Gen Zers, defined as Americans between 18 and 25, aim to retire by 59 on average, according to Northwestern Mutual’s 2022 Planning and Progress study. Millennials, defined as those between …

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CoinDesk engages Lazard to explore sale, as DCG crisis grows

Barry Silbert, Founder and CEO, Digital Currency Group  Anjali Sundaram | CNBC Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to weigh a move that would remove it from Barry Silbert’s Digital Currency Group. “Over the last few months, we have received numerous inbound indications …

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Apple had slower headcount growth than tech peers, no layoffs yet

An employee cleans a window at Apple Inc.’s new Canton Road store in the Tsim Sha Tsui district of Hong Kong, China. Xaume Olleros | Bloomberg | Getty Images Many of the biggest technology companies are laying off staff as fears of a recession rises. But the job cuts come …

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Discover Financial, Alcoa and more

An aluminum coil stands in a warehouse awaiting transport, at an Alcoa World Alumina Australia smelting plant, partially owned by Alumina Ltd., in Point Henry, Australia. Carla Gottgens | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Discover Financial Services — Shares of Discover Financial …

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Solomon says Goldman took on too much too quickly in consumer business

Goldman Sachs CEO David Solomon told CNBC on Wednesday that his firm suffered an upsetting quarter partly due to its overly ambitious consumer efforts. “We obviously had a disappointing quarter, and we tried to own that, you know, up front,” Solomon said Wednesday on CNBC’s “Squawk Box” at the World …

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What the debt ceiling is, and how a standoff may affect consumers

U.S. Treasury Secretary Janet Yellen on Jan. 10, 2023 in Washington. Kevin Dietsch | Getty Images News | Getty Images The U.S. may be about to hit its debt ceiling. Treasury Secretary Janet Yellen said last week that the U.S. would likely hit the ceiling Thursday. Absent steps taken by …

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