Business

America’s Richest Tech Billionaires Have Lost $315 Billion In The Past Year

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The 400 wealthiest people in America are poorer this year. Tech tycoons have taken the brunt of the beating. A year ago, America’s technology billionaires were soaring, with markets near all-time highs and VCs pumping big money into startups. What a difference a year makes. Stock prices have dropped and inflation surged, making the members …

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Psychedelics Capital Markets: Silo Pharma’s IPO, $5M Common Stock Offering – (SILO)

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Developmental-stage biopharma company Silo Pharma Inc. SILO announced the pricing of an underwritten public offering of 1,000,000 shares of its common stock at $5.00 per shareto begin trading on NASDAQ on Tuesday, September 27, 2022 under the trading symbol “SILO.” Silo’s work focuses on merging traditional therapeutics with psychedelic research for the treatment of PTSD, …

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Elon Musk was texting Larry Ellison hours before pausing Twitter offer

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A recent court filing from Twitter has shown that Tesla CEO Elon Musk was texting Oracle Corporation co-founder Larry Ellison just hours before he announced that he was pausing his attempt to acquire the social media company. As per Twitter’s court filing, Musk and Ellison had exchanged multiple text messages starting May 12 through 12:20 …

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Robot Known for Outperforming Bitcoin and Crypto Markets Flocks to Ethereum and Five Additional Altcoins As Markets Pop

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A data-crunching robot with a reputation for outperforming the markets just unveiled its latest weekly crypto portfolio allocations. The Real Vision Bot interprets surveys of cryptocurrency-related metrics to create fresh algorithmic portfolio assessments each and every week. The automated bot with a reputation for outdoing Bitcoin (BTC) is choosing altcoins over the king crypto in …

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Biden Urges Companies to Lower Costs for Consumers

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US President Joe Biden on Monday urged companies running gas stations, banks and cell phone services to lower costs for consumers coping with inflation. During a White House meeting, Biden said that “junk fees” such as bank overdraft fees and cellular phone termination charges were hurting families and that gas station operators needed to lower …

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Dow Jones Closes Lower; These Top-Rated Lithium, Solar Stocks Show Green Shoots

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The Dow Jones Industrial Average closed lower after a day of uneven trading. The index rose sharply in the morning but reversed to session lows in the afternoon. At the closing bell, it pared some losses and ended 0.4% lower. The index is in bear-market territory since Monday. Other indexes were mixed as well. X …

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1,000 food workers at San Francisco airport are on strike

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CNN Business — Workers who provide food and drinks to travelers at San Francisco International Airport are on strike, seeking what they say would be their first raise in four years. The 1,000 strikers are members of Unite Here Local 2, a Bay Area union with 15,000 members. The airport workers work under a multi-employer …

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Social Security increase 2023: Here’s the latest forecast as inflation eases

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Slight cooling of inflationary rates has pushed the projected increase for Social Security beneficiaries below the double-digit figures predicted just a month ago. The exact amount of the increase will be announced in just a few weeks. The latest update predicts a cost-of-living adjustment, or COLA, of 8.7%, almost a full percentage point lower than …

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These are the California cities with the fastest cooling housing markets

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OAKLAND, Calif. – Four cities in California topped a national list of housing markets that are cooling the fastest. Oakland, San Jose, Sacramento and San Diego made the top 10 list of housing markets that are chilling out, amid rising interest rates and a slowing stock market, according to Redfin. The report ranked the 100 …

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