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Uber CEO almost said no to the job—Spotify CEO convinced him to take it

When Uber first approached now-CEO Dara Khosrowshahi about leading the company, he ignored the call.  It was 2017, and the rideshare app was going through a “historically difficult time,” Khosrowshahi told LinkedIn CEO Ryan Roslansky in a recent interview. Uber was facing a litany of problems, including sexual harassment allegations, …

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Another Covid surge in China is the global supply chain’s biggest fear

Another wave of Covid infections in China is the biggest fear for supply chain managers, but those whose companies were impacted by the first pandemic wave are optimistic the impact will be short-lived. “After talking with my team and a few of our suppliers in China, they’re not expecting the …

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Fed decision on Wednesday could let the bulls ‘party on’

CNBC’s Jim Cramer on Friday said that Wall Street’s recent gains could continue next week depending on the Federal Reserve’s actions. “A decision not to raise rates at all might show too much weakness. A quarter-point with a statement that they’ll remain vigilant will allow the bulls to party on,” …

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What is a ‘rolling recession’ and are we in one? Experts explain

By most measures, the U.S. economy is in solid shape. Although the first half of 2022 started off with negative growth, a strong labor market and resilient consumer helped turn things around and give hope for the year ahead. related investing news Gross domestic product, which tracks the overall health …

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Amazon to charge delivery fees on Fresh grocery orders under $150

Brendan McDermid | Reuters Amazon will start charging delivery fees for Fresh grocery orders that are less than $150, in a move it said will help keep prices low on its services. Beginning Feb. 28, Prime members who want home delivery from Amazon Fresh will incur a $9.95 delivery fee …

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Tesla just notched its best week in a decade, as stock soars 33%

Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Tesla shares surged 33% this week, marking their best weekly performance since May 2013 and second best on record. The stock rose 11% on …

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How to save more money and boost your emergency fund

As employers hold back on hiring amid recession fears and rising interest rates, unemployed Americans are spending more time looking for jobs.  In December, roughly 826,000 Americans reported being unemployed for 15 to 27 weeks, or about 3½ to 6 months, according to Labor Department data. That’s up from 526,000 …

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5 things to know as filing season opens

Damircudic | E+ | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here, and tune in every Friday at 11 a.m. ET. Tax season kicked off Jan. 23. The IRS expects taxpayers to file more …

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A 4-day workweek might be coming to Maryland

A four-day workweek could be coming to Maryland. A new bill introduced by Maryland lawmakers this month incentivizes both public and private employers to experiment with a shortened workweek without cutting pay and benefits. Under the program, businesses that shift at least 30 employees from a 40-hour week down to …

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What is a ‘Humpty Dumpty portfolio’?

When Rick Ferri, a financial advisor and founder of Ferri Investment Solutions, recently saw a new client’s portfolio, it conjured a familiar image: a comic by retirement planner Aaron Brask featuring Humpty Dumpty. In it, an intact egg sitting on the wall is labeled as a total market portfolio with …

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