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Monthly Archives: February 2023

1 in 6 retirees are considering a return to the workforce

Mixetto | E+ | Getty Images For some retirees, heading back to work has emerged as an aspiration. Roughly 1 in 6 retired Americans say they are mulling over whether to get a job, according to a recent study from Paychex. On average, those “unretiring” individuals have been out of …

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SpaceX adjusts Starlink monthly pricing for residential customers

A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX rolled out new pricing for residential Starlink customers based on its capacity to deliver service, according to emails to customers reviewed by CNBC. The changes, outlined on Tuesday, …

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Intel slashes dividend by over 65%, to 12.5 cents

Intel CEO Pat Gelsinger pictured during the ‘Chips for health’ event at the Grischa Hotel at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Eric Lalmand | Belga Mag | AFP | Getty Images Intel cut its quarterly dividend by more than 65%, from 36.5 cents to …

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Starbucks CEO Howard Schultz touts new olive oil coffee

Starbucks’ new line of olive oil-infused coffee drinks could disrupt the industry, interim CEO Howard Schultz told CNBC’s Jim Cramer on Tuesday. “This is a transformational moment in the history of our company creating a new category, a new platform,” Schultz told CNBC’s “Mad Money.” He said Starbucks’ new olive-oil …

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Fed’s James Bullard pushes for faster rate hikes, sees ‘good shot’ at beating inflation

St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated Wednesday for stepping up the pace in the battle. Bullard told CNBC that a more aggressive interest rate hike now would give the rate-setting Federal Open Market Committee a better chance to …

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Adidas, Major League Soccer renew deal

Major League Soccer and sportwear giant Adidas agreed to a multiyear extension of their partnership. The deal, announced days before MLS kicks off its 28th season, goes through 2030 and is valued at $830 million, according to a person involved in the deal. It represents Adidas’ largest-ever investment in North …

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Sweden NATO membership is a ‘matter of time’: Swedish Foreign Min

Sweden and Finland are firmly on course to become NATO members this year, Sweden’s foreign minister said Wednesday, amid strained negotiations with Turkey over their admittance. Asked by CNBC’s Silvia Amaro whether Sweden’s membership was really happening given tensions with Ankara, Tobias Billström said: “Of course it is.” “We, after …

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economy, business and support measures, Covid recovery

Pedestrians pas stores in Hong Kong, China, on Saturday, Oct. 15, 2022. Hong Kong wants to become an international center for virtual assets as the city seeks to bolster its status as a global financial hub following the disruptions caused by the pandemic. Photographer: Lam Yik/Bloomberg via Getty Images Bloomberg …

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Auto giant Stellantis posts record annual profit, announces buyback

An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global …

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Is Asia’s bull market over? Strategists say there’s room for stocks to rally further

Investors observe stock market at an exchange hall on January 6, 2016 in Beijing, China. VCG | Getty Images While Asia stocks entered a bull market in January, the benchmark index for the region has since fallen more than 5% from its peak. The region’s rally – supported by China’s …

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