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Business News

Location American Business News for 6 March 2023
Jim Simons' RenTech first bet on Tesla a decade ago - and the fund once held a stake in Elon Musk's automaker worth $12 billion today Simons' quant fund was an early buyer of Tesla stock, and its stake has whipsawed in value from under $400,000 to over $1.6 billion in recent years.
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Texas Proposal Could Become A National Model For Reining In Regulatory Costs Legislation introduced by Texas Representative Dustin Burrows (R) would reduce administrative costs for employers by eliminating a patchwork of local regulations. Proponents say Burrows' reform would be "a victory for Ma...
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Arm Ltd., the British chip designer owned by Japan's SoftBank Group Corp., is seeking to raise at least $8 billion in an upcoming U.S. initial public offering, according to a new report Sunday.
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Amazon to close 8 Go convenience stores in latest cost-cutting moves Despite the store closures, Amazon said the company is committed to the Go format and will continue to open locations.      
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13 times solar storms caused freak events on Earth, from detonating mines to crashing financial markets Our sun is getting active, meaning more solar storms could affect Earth. Past eruptions have killed satellites, cast votes, and caused blackouts.
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Chris Rock's Live Experiment in Saving Face

The New Yorker - 6 Mar 2023 19:05
"Everybody fucking knows. . . . I got smacked, like, a year ago," the comedian finally says at the end of his Netflix special, as if that's not the reason we're all here.
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Tesla, Ford, Toyota, Jeep among 1 million recalled vehicles: Check latest car recalls here Issues in the latest car recalls from Ford, Tesla, Dodge, Jeep and Toyota include loose bolts, overheating clutches and faulty keys and more.      
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Regulators Put More Pressure on Binance, the Crypto Giant

The New York Times - 6 Mar 2023 14:46
Regulators Put More Pressure on Binance, the Crypto Giant Binance, the world's biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers.
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How To Set And Manage Key Performance Indicators For Software Engineering Teams Setting KPIs for your software engineering team can help you understand how your team is performing, identify areas for improvement and make data-driven decisions.
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The Aerospace Talent Shortage Is Complex. Solutions Can Be Simple. Between 2021 and 2031, the United States will need 3,800 new aerospace engineers every year, according to the Bureau of Labor Statistics.
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India, Wary of China, Expands Trade Ties With the West

Wall Street Journal - 6 Mar 2023 14:30
India, Wary of China, Expands Trade Ties With the West The nation is gradually pivoting from its nonaligned, protectionist history, though obstacles remain.
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How Generative AI Is Already Changing How Creatives Do Their Jobs In need of a social teaser video to gin up excitement for a Super Bowl ad, creative director at Mekanism Max Eastman tapped into some of the hype around ChatGPT with an AI-generated script for an Alaska Airlines commerci...
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Any lawsuit from US regulators would be like "nuclear fall out" for Binance, an executive told colleagues in a 2019 group chat.
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A Twitter engineer says the company is 'like a building where all the pieces are on fire' Twitter's workforce has shrunk by around three-quarters since Elon Musk took over, and some employees say it is impacting its service.
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Is The K-Cup Pod Maker A Better Pick Over Coca-Cola Stock? There is more to the comparison, and in the sections below, we discuss why we believe KDP stock will offer better returns than KO stock in the next three years.
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Max Life partners Ujjivan Small Finance Bank to offer life insurance solutions Max Life's new product offerings include innovation in various consumer segments including homemaker, NRI and self-employed. The firm has leveraged digital & AI at scale enabling superior customer experience with frictio...
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Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforceme...
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Five New Work Perks You'll See in the Future

Wall Street Journal - 6 Mar 2023 01:28
Five New Work Perks You'll See in the Future Daycare for your parents. Hyper-personalized benefits. Companies competing for employees will cater to different life stages in coming years.
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Livestream Shopping Is Not Going To Take Over E-Commerce Livestream shopping took off in China, and then the pandemic hit, which gave it a boost everywhere. But adoption in the US and Europe has faltered, and even in China, the ceiling on growth may already be close. Here's wh...
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United Center concession workers strike ahead of Big Ten Tournament Levy and union members will meet again Tuesday, one day before the tournament.
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The Music Of 'Black Panther: Wakanda Forever' Takes Center Stage In A New Disney+ Docuseries Ludwig Göransson is responsible for both the score and the soundtrack for the two Black Panther films. Now, a docuseries shows just how beautiful and complex that music really is.
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Adidas could 'literally burn' $500M in unsold 'Yeezy' apparel: report The company warned that it faces a more than $500 million hit to its operating profit this year.
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