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Turkish journalist detained after ‘insulting’ President Erdogan in a TV interview
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Turkish journalist detained after ‘insulting’ President Erdogan in a TV interview

A Turkish journalist has been sent to prison for “insulting” the nation’s President Recep Tayyip Erdogan. Sedef Kabas was arrested in Istanbul on Saturday following a live interview on the opposition TV channel Tele1 last Friday, according to Turkey’s state broadcaster Turkish Radio and Television, TRT Haber. Kabas used traditional Turkish proverbs to make references…

Kohl’s, target of activist investors, gets a buyout offer
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Kohl’s, target of activist investors, gets a buyout offer

The quest for control of Kohl’s is heating up. On Saturday, the retailer received an unsolicited $9 billion bid to go private from a consortium backed by an activist investor, according to published sources. The hedge fund, Starboard Value LP, offered to buy the department store chain for $64 a share in cash, The New…

Bitcoin value tumbles almost 50% since record November
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Bitcoin value tumbles almost 50% since record November

Bitcoin has lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity. And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was…

What’s getting more expensive
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What’s getting more expensive

Inflation and supply chain snags have sent prices for everyday items soaring, from Tide laundry detergent to new cars. Here’s what CNN Business found got more expensive this week, and what might be next. Orange juice A combination of short supply and high demand has sent orange prices soaring. Frozen orange juice futures have risen…

Worker absences triple because of Omicron
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Worker absences triple because of Omicron

The percentage of the adult population not working because of Covid-related reasons tripled between December and January, according to Goldman Sachs. The Wall Street bank, citing the latest Household Pulse Survey of roughly 75,000 respondents from the Census Bureau, said the share of adults not working due to virus-related reasons jumped from 1.2% in December…

LinkedIn economist: 3 ways the pandemic has dramatically changed the labor market

LinkedIn economist: 3 ways the pandemic has dramatically changed the labor market

Entering year three of the pandemic, the labor market today looks markedly different from when we entered this crisis. At LinkedIn, my team of data scientists and economists has a unique view into how ways of working have shifted — through the lens of over 180 million US workers and over 97,000 US companies using…

Hunger in America could get worse as supply chains tighten

Hunger in America could get worse as supply chains tighten

Just after Thanksgiving, Carmen Allen became alarmed by the jump in prices and shortages of food products at her local grocery stores. “Cake mix,” Allen says. “I was worried I wouldn’t find enough of it to give out in our food baskets.” Allen serves as president and executive director of Beyond the Sanctuary, a nonprofit…

Strike ends at 78 Kroger-owned grocery stores in Denver
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Strike ends at 78 Kroger-owned grocery stores in Denver

Nearly 8,000 workers at 78 King Soopers and City Market grocery stores in Colorado will return to work starting Friday, after union leaders and management reached a tentative three-year work agreement. The strike, which began January 12, was the nation’s second-largest in the last two years — behind only a five-week work stoppage by 10,000…

Peloton may be toast
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Peloton may be toast

Peloton had a disastrous 2021. But as impossible as it may seem, the exercise equipment company is arguably off to an even worse start to 2022. Shares of Peloton are down nearly 25% this year and trading at their lowest level in nearly two years. The stock was up 12% Friday though after the company…

Total and Chevron are pulling out of Myanmar
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Total and Chevron are pulling out of Myanmar

TotalEnergies and Chevron are withdrawing from Myanmar because of a deteriorating situation in the country since the military seized power nearly a year ago. “The situation, in terms of human rights and more generally the rule of law, which have kept worsening in Myanmar since the coup of February 2021, has led us to reassess…

Jamie Dimon gets a $3 million raise
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Jamie Dimon gets a $3 million raise

Jamie Dimon got a $3 million raise in 2021, JPMorgan Chase disclosed in a filing late Thursday. The raise boosts the pay for the CEO of the nation’s largest bank by 9.5%, to $34.5 million. The pay package includes a base salary of $1.5 million and a $5 million cash bonus — both unchanged from…

The pandemic boom is over. Just ask Peloton and Netflix
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The pandemic boom is over. Just ask Peloton and Netflix

When the coronavirus pandemic swept across the world in 2020, investors responded by pouring money into companies that would benefit from people spending much more time at home. Netflix and Peloton were two of the biggest pandemic winners, along with video call provider Zoom Video and electronic signature firm DocuSign. Now, the pandemic boom is…

As Big Tech stocks get slaughtered, Intel rises from the ashes
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As Big Tech stocks get slaughtered, Intel rises from the ashes

Intel was once the undisputed king of the semiconductor industry until the chip giant lost momentum to rivals Nvidia and Advanced Micro Devices in recent years. Now, with a new CEO, Intel is regaining some of its swagger. Intel, whose stock fell more than 15% in 2020 and barely budged last year, appears poised for…

Serbia pulls plug on Rio Tinto’s $2.4 billion lithium project

Serbia pulls plug on Rio Tinto’s $2.4 billion lithium project

Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licenses over environmental concerns, hurting the Anglo-Australian miner’s ambition to become Europe’s largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a general election in April, and as relations between Belgrade and Canberra have…

Bitcoin tumbles as cryptocurrencies continue their downward slide
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Bitcoin tumbles as cryptocurrencies continue their downward slide

Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity. Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted…

Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process
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Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process

Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are threatening to take legal action over its “opaque” debt restructuring process, the latest sign of trouble for the embattled Chinese developer. They said in a statement Thursday they’ve had to “seriously consider enforcement actions” after Evergrande failed to engage substantially with…

Driver monitoring gets spotlight amid safety questions
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Driver monitoring gets spotlight amid safety questions

Two leaders in motor vehicle safety testing said Thursday that they will rate the driver monitoring systems that are supposed to help make technologies like Tesla’s Autopilot safe. The Insurance Institute for Highway Safety and Consumer Reports are pushing for safeguards that go further than what the auto industry and regulators currently ask of the…

Netflix shares tank 20% on weak subscriber outlook
Frank Masi/Netflix

Netflix shares tank 20% on weak subscriber outlook

Netflix‘s stock fell as much as 20% in after hours trading due to a bad outlook for its future growth. Netflix now has 221.8 million subscribers globally. It added 8.2 million subscribers in the fourth quarter of 2021, the company reported on Thursday. That number slightly missed the streaming service’s own expectations, which had the…

FAA approves more airliners — including some smaller, regional jets — to fly near 5G towers
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FAA approves more airliners — including some smaller, regional jets — to fly near 5G towers

The Federal Aviation Administration has cleared more commercial airliners — notably more smaller, regional jets — to fly in the situations where pilots consider possible 5G interference to be the most dangerous. In a new statement, the FAA says it has issued more approvals that allow 78% of the US commercial airliner fleet to perform…

Major airlines say the 5G doomsday scenario is over
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Major airlines say the 5G doomsday scenario is over

Airline executives breathed a sigh of relief to their investors Thursday, saying they believe the threat to their operations from the rollout of 5G technology is now behind them. Although AT&T and Verizon have agreed only to temporarily delay 5G deployment at major airports, the CEOs of American and United both said there will now…

This bill could help to end energy poverty in the US

This bill could help to end energy poverty in the US

Energy is an essential component of our day-to-day lives. We use it to cook our food, stay warm in the winter and cool our homes in the summer. But home energy prices have risen during the pandemic while more people are struggling to just get by. For too long, lower-income American families have been forced…