Edward

Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard

David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was …

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NFL Black Friday game coming to Amazon in 2023

Kansas City Chiefs tight end Travis Kelce (87) runs the ball in for a touchdown against the Tampa Bay Buccaneers during the first quarter at Raymond James Stadium, Oct. 2, 2022. Kim Klement | USA Today Sports | Reuters Amazon will stream the first ever Black Friday NFL game in …

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Bill Gates says rich countries must drive climate change innovation

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, speaks during the Earthshot Prize Innovation Summit in New York, US, on Wednesday, Sept. 21, 2022. The first-ever Earthshot Prize Innovation Summit brings together climate leaders to showcase transformative solutions that repair and regenerate the planet. Bloomberg | Bloomberg | …

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Intel’s Mobileye targets $15.9 billion valuation in IPO

Mobileye’s CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, July 20, 2021. Jeenah Moon | Reuters Intel‘s self-driving subsidiary, Mobileye, is targeting an IPO that would value it at nearly $16 billion. Intel said it expects shares to be priced between …

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Apple iPad Pro 2022, 10th generation iPad, new Apple TV 4K announced

A redesigned iPad The new iPad and keyboard accessory Apple The new entry-level iPad is totally redesigned. The home button at the bottom of the screen is gone and has been replaced with a fingerprint reader in the power button. It has a more squared design, similar to the iPad …

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Amazon workers in Albany vote against unionization

Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters Employees at an Amazon warehouse near Albany overwhelmingly rejected a unionization effort on Tuesday, delivering a blow to an upstart labor union seeking to organize workers at the …

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Crypto prices are little changed as $940 million in bitcoin exits exchanges

Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images On Tuesday some …

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Relativity Space expansion at NASA’s Stennis for rocket engine testing

A map of the company’s expansion plans at NASA’s Stennis space center in Mississippi. Relativity Space Relativity Space, which 3D-prints rockets, said Tuesday that it signed a deal to expand its presence at NASA’s Stennis Space Center in Mississippi and create one of the country’s largest rocket engine test facilities. …

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Facebook parent Meta ordered to sell Giphy by UK competition regulator

The logos of Facebook and Giphy. Aytac Unal | Anadolu Agency via Getty Images Meta, the owner of Facebook, admitted defeat Tuesday after U.K. competition regulators issued a final verdict ordering the company to sell its animated image-making unit Giphy. Citing the risk of a substantial lessening of competition in …

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Activist investor Starboard reveals stake in Salesforce, sees significant opportunity

Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value LP has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber. Dow-component Salesforce jumped 7% …

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