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Salesforce exec exits push stock price to lowest since March 2020

Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., speaks during the WSJDLive Global Technology Conference in Laguna Beach, California, U.S., on Wednesday, Oct. 26, 2016. The conference brings together an unmatched group of top CEOs, founders, pioneers, investors and luminaries to explore tech opportunities emerging around the world. …

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Microsoft-backed start-up Heirloom uses limestone to capture CO2

Just about every industry is working to reduce carbon emissions, but reduction won’t be enough. To prevent the worst effects of global warming, carbon that has already been emitted needs to be removed from the atmosphere, which is why there is a new and fast-growing industry around carbon capture. Scientists …

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Oil tankers en route to Russia as oil price cap on exports hits

Two tankers were heading to Russia on Monday expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western countries went into affect. On Friday, the European Union agreed to cap Russian seaborne oil prices at $60 a barrel, aiming to …

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Los Angeles bans oil and gas drilling within city limits

An oil pumpjack operates in the Inglewood Oil Field on January 28, 2022 in Los Angeles, California. Mario Tama | Getty Images The Los Angeles City Council has voted to ban new oil and gas drilling and phase out existing wells over the next two decades, a historic decision that …

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Chinese stocks rally on reopening hope; Morgan Stanley upgrades rating

A pedestrian along a road in Beijing, China, on Monday, Oct. 24, 2022. Source: Bloomberg Bloomberg | Bloomberg | Getty Images Chinese stocks saw sharp gains Monday after major cities in China reportedly further loosened Covid-related restrictions, a positive sign for an economy that has been grappling with strict virus …

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Germany’s housing market is ripe for a serious price correction, economists warn

The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but it …

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Alef Aeronautics, startup backed by Tesla investor: Flying car by 2025

The promise of a future filled with flying cars is nothing new. For decades, futurists have touted the dream of your car lifting off and soaring above a traffic jam. So the most interesting part of a recent prototype announcement from Santa Clara, California-based Alef Aeronautics may not be the …

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Parking lots becoming as important as cars in climate change efforts

Vcg | Visual China Group | Getty Images It’s not just cars that will be going through energy transition in the years ahead. The parking lots where EVs recharge are a growing focus of construction efforts linked to climate change and carbon reduction. A law approved in France last month …

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Celsius users with crypto collateral stuck turn to bankruptcy process

Alan Knitowski holds an MBA, has worked in technology and finance for over 25 years and is CEO of a mobile software company that trades on the Nasdaq. That didn’t prevent him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and …

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Amazon media chief Jeff Blackburn retires from the company again

Senior Vice President of Business Development at Amazon Jeff Blackburn (R) and Anne Blackburn attend the The IMDb Dinner Party at the Sundance Film Festival presented by Dolby on January 28, 2019 in Park City, Utah. Rich Polk | Getty Images Jeff Blackburn is retiring for the second time from …

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