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Monthly Archives: November 2023

Orsted axes two New Jersey wind projects, takes $4 billion writedown

Mads Nipper, chief executive officer of Orsted A/S, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 18, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from January 16 to 20. Photographer: Hollie Adams/Bloomberg via …

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Jim Cramer praises industrial firm Eaton (ETN) for amazing Q3 earnings

CNBC’s Jim Cramer says Eaton (ETN) just had the best quarter in the industrials sector.  The power management company late Tuesday beat analysts’ estimates for quarterly profits on high demand for its electrical components and equipment. Eaton’s fiscal results highlight how well the firm is adapting to the industry’s transition …

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LinkedIn’s new AI chatbot wants to help you get a job

A man is seen using the LinkedIn app on a mobile device and a laptop computer in this illustration photo on 17 October, 2023. Jaap Arriens | Nurphoto | Getty Images LinkedIn debuted an artificial intelligence-powered chatbot Wednesday that it’s billing as a “job seeker coach,” and unveiled other generative …

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SNB says Credit Suisse intervention avoided ‘financial crisis’

Thomas Jordan, president of the Swiss National Bank (SNB), speaks during the bank’s annual general meeting in Bern, Switzerland, on Friday, April 28, 2023. Bloomberg | Bloomberg | Getty Images Jordan suggested that without the ELA+ loan, which was not secured in the manner typically required by the SNB, Credit …

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Allstate, Allianz invest $265 million in Next Insurance

A pedestrian walks by an Allstate Insurance office on June 09, 2023 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Allstate and Allianz are making a sizable bet on the digital transformation of the commercial insurance market with a $265 million strategic investment in Next …

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Bolivia severs ties with Israel, Columbia and Chile recall ambassadors

Bolivia’s new President Luis Arce’s Presidency Minister Marianela Prada delivers a speech during her inauguration ceremony at the Casa Grande del Pueblo government palace in La Paz on November 9, 2020. – Leftist economist Luis Arce assumed the Bolivian presidency facing the challenge of uniting a polarized society and reactivating …

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Stanley Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements

Billionaire investor Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past years, mistakes that will ultimately lead to some tough choices in the future like cutting Social Security. “We are spending like drunken sailors,” Druckenmiller said on CNBC’s “Squawk Box” Wednesday. …

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Israel’s ‘second phase’ of war is underway as troops push into Gaza

Israel’s military is expanding its operations in the Gaza Strip, but has avoided calling it a “ground invasion” despite sending tanks into the territory. That’s by design, security analysts say. Saturday marked the start of the “second stage” of Israel’s war against Hamas, with Israeli Prime Minister Benjamin Netanyahu warning that the …

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Bank of England set to hold rates again, but markets see no cuts on the horizon

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is widely expected to keep interest rates unchanged on Thursday, as data continues to show moderating price pressures and weakening …

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Southeast Asia’s digital economy is set to hit $218 billion in 2023

Employees having a meeting in an office. Carlina Teteris | Moment | Getty Images Southeast Asia’s digital economies are set to reach $218 billion in total value of transactions this year, jumping 11% from a year ago despite global macroeconomic headwinds, a new report by Google, Temasek and Bain & …

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