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Monthly Archives: May 2023

TikTok sues Montana over app ban

Wellesenterprises | Istock | Getty Images TikTok has filed a federal lawsuit against Montana in response to a recently passed state law that would ban the popular video service in the state. The lawsuit, filed Monday in the United States District Court for the District of Montana, is intended to “prevent …

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Oracle’s Larry Ellison prepares to back Tim Scott campaign

Co-founder of Oracle, Larry Ellison, center, says the Pledge of Allegiance before Republican presidential candidate Tim Scott delivers his speech announcing his candidacy for president of the United States on the campus of Charleston Southern University in North Charleston, S.C., Monday, May 22, 2023. Mic Smith | AP Oracle co-founder …

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Bill Gates predicts the big winner in AI: Smart assistants

Microsoft founder Bill Gates reacts during a visit with Britain’s Prime Minister Rishi Sunak of the Imperial College University, in London, Britain, February 15, 2023. Justin Tallis | Pool | Reuters   Microsoft co-founder Bill Gates believes that the future top company in artificial intelligence will likely have created a …

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Fed’s Kashkari says June rate pause wouldn’t show end to hiking cycle

Minneapolis Federal Reserve President Neel Kashkari on Monday said he’s open to holding off on another interest rate hike next month, but cautioned against reading too much into a pause. “Right now it’s a close call either way, versus raising another time in June or skipping,” the central bank official …

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3 financial steps to help women ‘live on their terms’: advisor

When it comes to managing money, women face unique challenges. Women tend to live longer than men, which means they need their money to last for a longer period of time, according to Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners in Atlanta. Many …

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Stocks moving big midday: PACW, DKNG, PFE, FL

Pacific Western Bank signage is displayed outside of bank branch in Beverly Hills, California on May 4, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. PacWest Bancorp — Shares rose 14%. The closely followed regional bank sold around $2.6 billion worth …

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How to build a CD ladder to capture higher savings yields

Monthirayodtiwong | Istock | Getty Images If you’re boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you capture higher yields amid interest rate uncertainty. After a series of interest rate hikes from the Federal Reserve, options for cash, …

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Self-made millionaire shares the ‘most outdated’ advice young people should ignore

It’s graduation season, which means many parents will observe a sacred rite of passage: dispensing terrible advice to their kids. Mom and dad mean well. But the class of 2023 will enter a job market during one of the worst periods of uncertainty since the 2008 financial crisis. I’ve endured similar …

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SpaceX Axiom Ax-2 docks with space station, carrying Saudi astronauts

SpaceX’s Crew Dragon capsule “Freedom” is seen docked with the International Space Station on May 22, 2023. SpaceX SpaceX delivered another quartet of astronauts to the International Space Station on Monday morning, on a private flight that included government astronauts from Saudi Arabia as the Arab kingdom leverages U.S. companies …

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Automaker on ramping EVs, boosting profits

Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DEARBORN, Mich. – Ford Motor is making its case to Wall Street at an investor event Monday, sharing details of its plan to profitably build millions of EVs while growing its traditional operations. Ford …

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