Month: June 2021

In this article ORCL Safra Catz, co-chief executive officer of Oracle Corp. David Paul Morris | Bloomberg | Getty Images Oracle shares fell 3% in extended trading on Tuesday, even though the enterprise software maker issued earnings that came in better than analysts had expected and showed accelerated revenue growth as the pandemic receded. Here’s
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Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
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A woman looks at the “Naming the Lost Memorials,” as the U.S. deaths from the coronavirus disease (COVID-19) are expected to surpass 600,000, at The Green-Wood Cemetery in Brooklyn, New York, U.S., June 10, 2021. Brendan McDermid | Reuters The U.S. hit another grim milestone in the pandemic, reaching more than 600,000 Covid fatalities, according
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Hollie Adams/Bloomberg via Getty Images President Joe Biden has consistently pledged not to raise taxes on households making less than $400,000 a year. Whether his tax proposal keeps or breaks that promise depends on one’s frame of reference. Primarily, it’s a question of how an observer considers a taxpayer earning less than $400,000 who has
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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
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The leaders of the world’s seven richest democracies ended their meeting in Britain on Sunday. This episode of What’s Ahead explains why other than pledging to get more Covid-19 vaccines to poorer nations, this ballyhooed confab was a big-time disappointment. Regarding President Biden’s promise of tough and united action against China, especially on its human
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