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Monthly Archives: February 2023

Fanatics to start livestreamed shopping of trading cards, collectibles

New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its …

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Venture capital for Black entrepreneurs plummeted 45% in 2022

Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in the kitchen of her Atlanta …

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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic …

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Over 13,000 Nigerians take Shell to court over devastating oil spills

Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015. Afp Contributor | Afp | Getty Images Over 13,000 residents from two Nigerian communities are seeking damages from Shell in the High Court in London, calling for the energy …

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Adani losses top $100 billion in wake of Hindenburg Research report

Signage of Adani Group at company’s gas station in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani conglomerate deepened market losses to exceed $100 billion on Thursday, which have snowballed since a short-seller’s scathing report triggered market turmoil and led the company to …

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Dollar strength nears end with small Fed rate hike, breaks 101 handle

The DXY has fallen more than 10% in the past three months, Refinitiv data showed — and is a few points away from erasing almost all its gains that it’s seen in the past year, before the Federal Reserve embarked on its journey of interest rate hikes to tame inflationary …

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Oil giant reports record annual profits

Shell said last month that windfall taxes imposed by the European Union and U.K. following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell on Thursday posted its highest-ever annual profit, bolstered by soaring fossil fuel prices …

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Facebook parent Meta announces $40 billion stock buyback

Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook parent Meta Platforms said in its quarterly earnings statement on Wednesday that it has increased its share repurchase authorization by $40 billion. In 2022 the …

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‘Greenwashing’ is a good thing, according to one renewable energy tycoon

Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale Vince told CNBC’s Tania Bryer. “But you know, I take it as a good thing. People say to me, ‘oh, there’s greenwashing, …

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Biden’s IRA has left Europe blind-sided. And playing catchup could lead to 2 big mistakes

US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. But it’ll face two key issues in the process. …

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