About $53 billion. This is the colossal sum that the Caisse de dépôt et Placement holds in private funds. However, it is impossible to know which companies the money ended up with. • Also read: We secretly invested $1.5 billion of our money • Also read: Foreign managers help the fund The institute flatly refuses … [Read more…]
According to Marilyn Monroe in the classic 1953 film “Gentlemen Prefer Blondes,” diamonds were once a girl’s best friend. But these days, eco-conscious shoppers seem to prefer lab-grown gemstones over mined rock, and celebrities like Taylor Swift, Reese Witherspoon and Emma Watson are showcasing lab-made accessories. According to The Times, the boom in lab-grown rocks … [Read more…]
The airline said it was pleased to have reached a “consumer-friendly agreement.” December 18, 2023, 5:00 a.m. ET • 4 min reading The U.S. Department of Transportation said Monday that Southwest Airlines has been fined a record $140 million for its operational collapse during the 2022 leisure travel season. The civil penalty imposed on the … [Read more…]
Photo credit: Darrell Etherington Apple will stop selling its Series 9 smartwatch, TechCrunch has confirmed. The news shared by 9to5Mac follows an International Trade Commission (ITC) ruling in October arising from a patent dispute with California-based medical device company Masimo. The dispute stems from the blood sensor monitor on the latest flagship smartwatch. The move … [Read more…]
A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rose sharply. The Fed voted last week to keep interest rates stable again, and its updated forecasts showed three rate cuts are expected in 2024. This led to a rally in stocks … [Read more…]
The European Union on Monday announced a formal investigation into X, Elon Musk’s social media platform, over its failure to combat illegal content and disinformation, a lack of transparency in advertising and “deceptive” design practices. The investigation may be the largest regulatory action yet against According to researchers, the company’s new policies have led to … [Read more…]
Stocks are on a tear ahead of the last full trading week of the year. The Dow Jones Industrial Average hit an intraday record high on Friday as investors welcomed expectations that the Federal Reserve could begin cutting interest rates next year as inflation cools. The Dow, S&P 500 and Nasdaq Composite all posted seven-week … [Read more…]
As the crypto community eagerly awaits the potential approval of a spot Bitcoin (BTC) exchange traded fund (ETF) in the United States, some analysts are warning that it could potentially have unintended consequences for cryptocurrency exchanges. Several industry observers have predicted that a spot BTC ETF could begin trading in early 2024. Combined with Bitcoin’s … [Read more…]
As tensions between China and the US escalate, the two countries are trying to counteract each other through certain measures. The US has banned US-based chipmakers from exporting advanced chips and chip-making technologies to Chinese companies. As a counterattack, the Chinese government has banned non-Chinese smartphones from its offices. The Chinese government may have ordered … [Read more…]
Union Evolution: How Millennials Are Revitalizing the Labor Movement From Amazon workers to teachers to millennials in tech, unions are becoming increasingly popular. Here’s how unions came about and where they’re going. Just the FAQs, USA TODAY Anheuser-Busch union members are ready to strike. According to a press release from the International Brotherhood of Teamsters … [Read more…]