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Monthly Archives: April 2023

BP to face shareholder revolt after climate strategy U-turn

BP, which was one of the first energy giants to announce an ambition to cut emissions to net zero “by 2050 or sooner,” has urged shareholders to oppose the resolution put forward by Follow This. Sopa Images | Lightrocket | Getty Images BP is bracing itself for a shareholder revolt …

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SpaceX Starship explosion caused 3.5-acre fire, U.S. FWS says

Debris litters the ground on April 22, 2023, after the SpaceX Starship liftedoff on April 20 for a flight test from Starbase in Boca Chica, Texas. Patrick T. Fallon | Afp | Getty Images The U.S. Fish and Wildlife Service disclosed new details on Wednesday about the aftermath of last …

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Meta’s Reality Labs unit records $3.99 billion first-quarter loss

An avatar of Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta CEO Mark Zuckerberg keeps racking up losses from his metaverse investments while downsizing his …

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U.S. tech downturn is an opportunity for India: Infosys Narayana Murthy

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India. “I look at these things [such as tech layoffs] as part of a business cycle. The curve goes up and down, up and down. So I would not be that much worried,” Murthy told The …

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Q1 profit plunges amid weak memory chip demand

Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) Joan Cros | Nurphoto | Getty Images South Korean electronics giant Samsung’s operating profit plunged in the first quarter as prices for its memory chips continued to fall and …

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Meta Q1 ’23 earnings boosted by Chinese retailers buying ads

Mark Zuckerberg, co-founder and CEO of Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty Images Meta can thank Chinese retailers for helping lift the company’s first-quarter sales after three consecutive quarters of revenue declines. As chief financial officer Susan Li told analysts during company’s first-quarter …

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How IRAs can boost retirement savings

At a certain point in adulthood, an individual retirement account is kind of like an iron or a toolset — something you know you’re supposed to own, even if you don’t necessarily know how to use it. If you’ve been putting off figuring out how to set up an IRA, …

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Biden’s loan forgiveness is key for students who never finish college

Why more students are dropping out of college Although college enrollment declines have leveled off overall, the number of students who started college but then withdrew rose 3.6% in the 2020-21 academic year, according to the National Center for Education Statistics. There are now more than 40 million students who are …

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Meta Q1 2023 earnings report

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta shares jumped 12% in extended trading on Wednesday after the company reported an unexpected increase in sales for the …

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What debt limit negotiations could mean for Social Security

Speaker of the House Kevin McCarthy, R-Calif., speaks to reporters in Statuary Hall in the U.S. Capitol after announcing his debt limit increase plan on the House floor on April 19, 2023. Bill Clark | CQ-Roll Call, Inc. | Getty Images As Republicans scramble to put together a plan to …

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