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Oct 17 2024BUSINESS

Shopping Sprees Boost Economy as Jobless Claims Drop Unexpectedly

Retail stores have seen a bigger bump in sales than expected last month. Despite some hurricanes causing chaos, new jobless claims dropped by surprise. This good news has traders thinking a rate cut by the Fed is almost guaranteed next month. More numbers are coming out later today, including how w

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Oct 17 2024BUSINESS

Uber's Big Travel Move: Talking About Buying Expedia

Imagine Uber, the ride-hailing giant, making a big splash in the travel world. That's right, they've been chatting about buying Expedia, a company worth a whopping $20 billion! This deal could take Uber beyond cars and food delivery, opening up a whole new world of flights, hotels, and activities. B

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Oct 17 2024BUSINESS

Meta Firings: When $25 Credits Go to Wine Glasses

Meta, the company behind Facebook and Instagram, recently gave the boot to over 20 employees in Los Angeles. Why? They were caught red-handed using food credits meant for meals to buy stuff like toothpaste and wine glasses. These credits were supposed to be used for food delivery services like Uber

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Oct 17 2024BUSINESS

Netflix's Shift: What to Expect from Q3 Earnings

Netflix is gearing up to share its third-quarter earnings, and investors are eager to dive into the details. The streaming giant has been making some big changes, like introducing an ad-supported plan and diving into live sports. But what everyone really wants to know is how the company's password c

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Oct 17 2024BUSINESS

Sell Your Tech Idea: Tips from Business Leaders

Convincing business leaders to fund your tech project can be tough. You need to show how your idea helps the company and solves problems for staff. Get clear on your message and tailor it to who you're talking to. Make your point with visuals or by showing real benefits. Don't forget, keeping it sim

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Oct 16 2024BUSINESS

Mistakes and Mishaps: Lufthansa Fined for Handling of Jewish Passengers

In a significant move, Lufthansa, Germany's largest airline, has been slapped with a $4 million fine by the US Department of Transportation (DOT). This fine centers around an incident in May 2022 where 128 Jewish passengers, sporting traditional Orthodox attire, were barred from boarding a flight. T

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Oct 16 2024BUSINESS

Semiconductor Stocks Plunge: ASML Forecasts and U. S. Export Caps Spook Markets

Asian chip stocks took a hit on Wednesday, with investors reacting to disappointing sales forecasts from ASML, a major Dutch semiconductor equipment maker. The news sent ripples through the global market, with significant drops recorded across the board. Japanese semiconductor giant Tokyo Electron s

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Oct 16 2024BUSINESS

Pharmacies Shut Their Doors: What's Happening?

You know those neighborhood drug stores you've always gone to? Well, many are shutting down, and it's not just one or two. Walgreens is planning to close 1,200 stores. CVS is not far behind, closing a total of 1,144 stores between 2018 and 2023. Even Rite Aid is struggling, announcing the closure of

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Oct 16 2024BUSINESS

Entertaining New Spheres: Abu Dhabi's Latest Bid

Imagine a giant LED-lit dome standing tall in Abu Dhabi. The city's Department of Culture and Tourism just teamed up with Sphere Entertainment to build the world's second Sphere. This massive entertainment venue, first opened in Las Vegas, will now have a twin in the UAE's capital. It's a big deal,

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Oct 16 2024BUSINESS

The Incredible Journey of Barry Diller: A Memoir to Look Out For

Ever heard of Barry Diller? He's a big name in entertainment and business, and next spring, he's releasing a memoir called "Who Knew." Diller started small, working in the mailroom at the William Morris Agency. But he didn't stay small for long. He achieved some pretty amazing things, like producing

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