Tag: Content types
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Lyft hires new CEO as founders step back amid competitive battle
Lyft Inc., LYFT -2.74% struggles with competition and a battered stock price, taps a board member as CEO, and the two co-founders will step down from managing the company, the ride-sharing company said Monday. David Risher, who held management positions at Amazon.com Inc. and Microsoft Corp. before starting a non-profit children’s reading organization in 2009, […]
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Alibaba co-founder Jack Ma returns to China after a year’s absence
Jack Ma, Alibaba Group Holding Ltd. The billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. The travels of Mr. Ma have been the subject of intense scrutiny as China’s leadership scrambles to regain entrepreneurial confidence after years of regulatory and pandemic Covid-19 measures […]
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First Citizens Nearly Agree to Buy Silicon Valley Bank: Report
Last Updated: March 26, 2023 at 8:34 PM ET First published: March 26, 2023 at 7:57 p.m. ET First Citizens BancShares Inc. is close to a deal to acquire the bankrupt Silicon Valley Bank from the Federal Deposit Insurance Corp., according to a report late Sunday. Bloomberg News reported that a deal could be announced […]
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Gordon E. Moore, 1929-2023 – WSJ
Mar 26, 2023 3:38 PM ET The legendary co-founder of Intel Corp. Gordon Moore Photo: Ben Margot/Associated Press The last half of the 20th century was an era of American business invention and economic leadership, and one of the men who defined that era and launched the digital economy was Gordon E. Moore. The co-founder […]
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Why the stock market is looking past the worst banking mess since 2008 — for now
Judging by major indices, it will take more than the Federal Reserve to raise interest rates amid the worst banking mess since the 2008 financial crisis before stock market investors lose their cool. “Investors are broadly assuming that regulators will step in and shield the industry if they need to, which is what prevents it […]
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How options – hedging the volatility of turbocharged oil
The economic fear gripping Wall Street has led to excessive swings in oil prices, exacerbated by trades that investors and analysts believe have little to do with the fundamental value of crude oil. One culprit is a mysterious area of trading known on Wall Street as delta hedging, aimed at reducing the risks associated with […]
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Apple’s Tim Cook takes the stage in China with a welcome cheer
BEIJING – Apple from Inc AAPL 0.83% Tim Cook took the stage at an economic conference in Beijing sponsored by the Chinese government on Saturday and gave a buoyant speech that was welcomed with applause. The treatment his counterpart at TikTok received in Washington days earlier couldn’t have been more different: hours of questioning by […]
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We want to retire in about 5 years, but have $150,000 in credit card debt and loans and $1.4 million in retirement accounts – ‘we really want to be retired’
I am trying to get some outside guidance to be able to retire in the next 5 years Unpleasant 7 years. I amI have to work until I am 59 1/2 to use retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stock, a rental house that we owe $245,000 […]