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Monthly Archives: November 2022

Take-Two Interactive, Lyft, TripAdvisor and more

Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Take-Two has been impacted by weaker mobile and in-game sales, although CEO Strauss Zelnick said the situation …

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Renault and Google team up to develop a ‘software defined’ vehicle

Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images French automaker Renault is partnering with Google to develop its cars like …

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Tuvalu issues call for global treaty to phase out fossil fuels

The low-lying country of Tuvalu faces an existential threat from rising sea levels. Brandi Mueller | Moment | Getty Images SHARM EL-SHEIKH, Egypt — The South Pacific island nation of Tuvalu on Tuesday urged countries at the COP27 climate summit to establish a global treaty to phase out the use …

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We’re not ‘inflation nutters,’ top Bank of England economist says

The Bank of England accepted a record amount of gilts at a reverse auction on Wednesday. Sopa Images | Lightrocket | Getty Images LONDON — Bank of England policymakers are not “inflation nutters” but tightening of monetary policy is necessary to prevent surging prices becoming entrenched in the economy, the …

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Stock of e-commerce firm up in Indonesia debut

Indonesia Stock Exchange Bloomberg | Bloomberg | Getty Images Shares of Indonesian e-commerce company Blibli rose 4.9% in its Indonesian stock market debut Tuesday, in what was the country’s second-largest initial public offering this year.  Shares of PT Global Digital Niaga Tbk, which owns Blibli, climbed as high as 472 …

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‘We are not acting swiftly enough’: Ex-Obama advisor on COP27

The COP27 climate conference represents an opportunity to move forward, but a significant ramping up of efforts will be required in the years ahead, according to a former special assistant to President Barack Obama. Speaking at CNBC’s Sustainable Future Forum last week, Alice Hill was asked if she was optimistic …

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China’s Covid controls are hurting more of the economy

Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the country from stamping out the virus and relaxing controls. The daily case count surged to six-month highs over the …

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Alibaba’s international arm invests millions into South Korea expansion

Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nurphoto | Getty Images BEIJING — Alibaba‘s international e-commerce business AliExpress is spending the equivalent of $7 million to reach consumers …

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I think Tesla is a decent situation

Ring Energy: “This is a small cap. It’s not a dice roll because it’s a legitimate company. I do prefer something that gives you that dividend because you know in the Investing Club, we bought Coterra. See, that is the better one. It’s got a good yield, 50% oil, 50% …

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Charts suggest it’s not time to buy the dip in mega-cap tech stocks just yet, Cramer says

Investors who want to capitalize on the struggles of large-cap technology stocks should remain patient, CNBC’s Jim Cramer said Monday, citing technical analysis from Carolyn Boroden. “The big tech stocks have been hammered from their highs, but the charts, as interpreted by Carolyn Boroden, suggest it probably isn’t safe to …

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