Business

SpaceX appeals FCC decision to reverse $885.5M Starlink subsidies

SpaceX appeals FCC decision to reverse $885.5M Starlink subsidies

SpaceX appealed the Federal Communications Commission’s reversal of Starlink’s infrastructure award of $885.5 million. The appeal was filed electronically and hand-delivered to FCC Secretary Marlene Dortch. In the executive summary, it said that the decision to exclude Starlink from the Rural Digital Opportunity Fund (RDOF) was flawed in both matters of law and policy. According …

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US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

US stocks ended sharply higher Friday, with all three major benchmarks snapping three straight weeks of losses, as investors appeared to have priced in another jumbo rate hike from the Federal Reserve. How stock indexes performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The S&P 500 …

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Wall Street scores first weekly gain since mid-August

Wall Street scores first weekly gain since mid-August

Register now for FREE unlimited access to Reuters.com Register Dow up 1.19%, S&P 500 up 1.53%, Nasdaq up 2.11% Focus on US inflation data next week Kroger rises on higher forecast Analysts attribute the rise to oversold conditions Sept 9 (Reuters) – US stocks rallied on Friday, with the major indexes recording their first weekly …

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Oil rises 4% on supply threats, still set for weekly drop

Oil rises 4% on supply threats, still set for weekly drop

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Oil benchmarks heading for second weekly decline Putin threatens to cut off all energy supplies Fed’s Waller: need aggressive rate hikes now while the …

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Biden finalized his plan to rein in Big Tech.  Big Tech wasn't invited.

Biden finalized his plan to rein in Big Tech. Big Tech wasn’t invited.

President Joe Biden’s administration issued a checklist of actions needed to rein in Big Tech on Thursday, after a roundtable “listening session” on issues within the technology industry. But administration officials were not “listening” to the companies that are the targets of many of the desired actions — Google parent Alphabet Inc. GOOGLE, +2.09% GOOG, …

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Juul's woes come full circle: E-cigarette maker must pay $438.5 million

Juul’s woes come full circle: E-cigarette maker must pay $438.5 million

E-cigarette manufacturer Juul suffered a major financial blow on Tuesday after they tentatively agreed to pay $438.5 million as a way of settling an investigation into its controversial marketing practices — a significant sum for a company whose 2021 net earnings were $2.475 billion, according to their financial filings. In the process, Juul has potentially …

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Hollywood Executive And Former White House Staffer Sentenced To Six Years In Prison For Defrauding New York Investment Fund Of Over $30 Million

Hollywood Executive And Former White House Staffer Sentenced To Six Years In Prison For Defrauding New York Investment Fund Of Over $30 Million

Damian Williams, the United States Attorney for the Southern District of New York, announced that WILLIAM SADLEIR was sentenced today by US District Judge Paul A. Engelmayer to six years in prison for his participation in two fraudulent schemes relating to investments made by a New York -based investment fund (the “Fund”) in Aviron Pictures, …

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Robinhood users buy and hold companies 'they know, understand and believe in for the long-term.'  Here are their favorite stocks.

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of Robinhood users, according to a new index from the brokerage app geared at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, …

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks. Read More »