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Verizon says government 5G limits haven’t hurt business, expects resolution soon
Verizon Communications Inc. said limits on its 5G expansion haven’t hurt its ability to connect customers, though the wireless company is still waiting for firm government rules on where its signals can reach in the months ahead. Chief Executive Hans Vestberg said Tuesday that the company already covers 95 million people with the high-speed service despite temporary […]
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DoorDash stock bounces back from record intraday low, Airbnb avoids biggest stock drop ever
Like the broader stock markets, gig-economy companies staged a comeback of sorts to close out Monday’s volatile session, but not before DoorDash Inc. shares hit an all-time low and Airbnb Inc. flirted with its steepest drop on record. Major U.S. stock markets and indexes, which plunged in early trading due to a combination of factors […]
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Intel to build massive, $20 billion chip factory in Ohio: report
Intel Corp. plans to build the world’s largest chip-manufacturing plant in Ohio as part of plans to reduce supply-chain problems and boost critical American industry, according to a new report. Time on Thursday night reported the chip maker plans to commit $20 billion to build at least two chip fabrication plants at a 1,000-acre site […]
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Microsoft’s Xbox chief promises to keep ‘Call of Duty’ on Sony’s PlayStation console
Microsoft Corp.’s head of Xbox addressed fears late Thursday that the company will shut out competing consoles from Activision Blizzard Inc.’s flagship “Call of Duty” franchise. Microsoft’s MSFT, -0.57% gaming chief Phil Spencer tweeted regarding the company’s intentions late Thursday in an apparent bid to allay fears from those who use Sony Corp.’s SONY, +3.26% […]
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Republicans may win not just House but also Senate in midterm elections — here are 2022’s Senate races to watch
Republicans are widely expected to regain control of the U.S. House of Representatives in this November’s midterm elections, with betting market PredictIt giving an 84% chance for that outcome. The GOP is getting good odds for taking back the U.S. Senate, too, as PredictIt puts them at 73%. Having his Democratic Party lose its grip […]
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Dow ends more than 500 points lower as stocks sink amid rising Treasury yields and a Goldman earnings miss
All three major U.S. stock benchmarks closed sharply lower Tuesday, with losses led by the technology-laden Nasdaq Composite Index, as the high-growth tech sector fell under pressure from climbing Treasury yields and investors began digesting a busy week for company earnings. A blockbuster tech deal was also in the spotlight, after Microsoft Corp. MSFT said […]
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Florida laboratory owner ran $7 million Medicare fraud, pushing expensive, unnecessary tests for patients who were worried about having COVID-19
The owner of a Florida laboratory has pleaded guilty to a $7 million Medicare fraud scheme in which he paid kickbacks to brokers for telemedicine firms and doctors to prescribe expensive but unnecessary genetic testing along with low-cost COVID-19 tests for thousands of patients. Christopher Licata, 45, of Delray Beach, Florida, admitted that his lab, […]
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The world’s richest 10 men doubled their fortunes to $1.5 trillion during the pandemic, says Oxfam
The world’s top ten billionaires increased their wealth by $1.3 billion a day, or $15,000 a second, during the global pandemic. That’s according to a new report from global charity Oxfam International released on Monday, that said those billionaires doubled their fortunes from $700 billion to $1.5 trillion. Over the same timeframe, the incomes of […]
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Four reasons why value stocks are poised to outperform growth in 2022 — and 14 stocks to consider
Investing is all about being in tune with the trends. Here’s one to be aware of for 2022: Value stocks will most likely beat their growth counterparts. The trend is already under way. Consider: * The Vanguard S&P 500 Growth Index exchange traded fund VOOG is down 5.6% year to date, while the Vanguard S&P […]
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Will the crypto market always follow bitcoin’s price lead? It may not in the future, this asset manager explains.
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we […]