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Monthly Archives: January 2022

Airlines ask Biden administration for ‘immediate intervention’ on 5G

[CNN Business, Getty] Executives from the largest US airlines asked the Biden administration for “immediate intervention” in the planned rollout of 5G technology near major airports on Wednesday, warning of dire consequences for transportation and the economy.The representatives of 10 carriers asked the administration in a letter obtained by CNN to further […]

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The pitchforks are out for Kohl’s

[CNN Business] Kohl’s can’t catch a break from Wall Street. For the second time in as many months and third time in a year, an activist investor is putting pressure on the department store chain to make changes or sell the company. Activist hedge fund Macellum Advisors, which owns about […]

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Crypto.com Suspends Withdrawals After ‘Unauthorized Activity’

[Bloomberg, Getty] Crypto traders report suspicious transactions on the platform Crypto.com customers will have to reset security measures Crypto.com said it stopped all deposits and withdrawals while it investigates “unauthorized activity” on some accounts.  The crypto wallet provider and trading platform said in a Twitter post that the measure was […]

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Full Recovery in Global Labor Market Could Take Years

[Wallstreet Journal] U.N. projections note a divide between rich countries with labor shortages and poor ones where joblessness remains high It will take at least two years before global unemployment falls back to pre-pandemic levels, according to fresh projections, with joblessness in poor countries remaining high even as labor markets […]

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Rare 1971 Eisenhower silver coin sells for $264,000

[The Sun] Do you have a valuable piece in your wallet? A RARE silver dollar prototype coin from 1971 has sold for $264,000 after bidding went on for almost two weeks. The public auction for the rare prototype coin, bearing 34th President Dwight D. Eisenhower on one side, was held by Heritage […]

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Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low

[Forbes] Bitcoin soared through much of 2021, helped on by the likes of Tesla TSLA +1.8% and El Salvador embracing the cryptocurrency (though Tesla CEO Elon Musk is increasingly backing the meme-based dogecoin). The bitcoin price, hitting an all-time high of almost $70,000 per bitcoin in November, has since crashed back, losing around […]

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