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Twitter Sued By Employees Over Promised But Unpaid Bonuses
Twitter Inc. employees have sued the social media major for allegedly refusing to pay 2022 bonuses, even after promising to pay 50 percent of targeted bonus. In a lawsuit filed in San Francisco federal court, the current and former Twitter employees claim that in the months leading up to Elon Musk's acquisition of Twitter in October 2022, the company's executives, including former Chief Financial.
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692 days ago
European Shares Subdued With UK Inflation Data In Focus
European stocks were flat to slightly lower on Wednesday, as investors reacted to stronger than expected U.K. inflation data and awaited Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.
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692 days ago
FTSE 100 Little Changed After Inflation Data
U.K. stocks were little changed on Wednesday after data showed U.K. consumer prices logged a steady growth rather than a slowdown in May.
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692 days ago
Stable UK Inflation Warrants Bold Action From Bank Of England
UK consumer prices logged a steady growth rather than a slowdown in May and core inflation accelerated further adding pressure on the Bank of England to raise the benchmark rate by half a percentage point. Consumer price inflation remained unchanged at 8.7 percent in May, the Office for National Statistics reported Wednesday. The rate was forecast to ease to 8.4 percent.
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692 days ago
CAC 40 Subdued On China Concerns
French stocks were subdued on Wednesday as investors awaited Fed Chair Jerome Powell's remarks in front of Congress later in the day for clues on the monetary policy outlook.
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692 days ago
Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA
The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along with robust demand for electric vehicles, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
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693 days ago
DAX Edges Higher Led By Banks
German stocks were seeing modest gains on Wednesday ahead of Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.
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693 days ago
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Asian Shares Decline As Investors Await Powell's Remarks
Asian stocks fell broadly on Wednesday, with disappointment over a lack of additional stimulus in China and lingering uncertainty over Fed's interest-rate plans weighing on sentiment.
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693 days ago
Amazon Prime Day Event Is Back On July 11, 12
Prime Day, Amazon's biggest deal event of the year, is back on July 11 and 12. Ahead of this, the e-commerce major offers early access to various deals starting now, including on select Amazon devices and products as well as back to school and college shopping, with thousands of selections under $5, $10, and $20. Throughout the event that starts at 3 a.m. EDT on July 11, new deals will drop...
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693 days ago
European Shares Seen Tad Higher In Cautious Trade
European stocks may open on a positive note Wednesday as traders look ahead to remarks by Fed Chair Jerome Powell and several other Fed officials for clues on the monetary policy outlook.
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693 days ago
European Economic News Preview: UK Inflation Data Due
Consumer prices and public sector finance from the UK are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices and public sector finance data. Consumer price inflation is forecast to slow to 8.4 percent in May from 8.7 percent in April. Economists expect output prices to climb 3.6 percent after a 5.4 percent rise in Apr
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693 days ago
Sensex, Nifty Rise In Early Trade; Banks And Financials Surge
Indian shares opened higher on Wednesday despite weak global cues.
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693 days ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as some traders continued to cash in on recent strength in the markets by booking profits. They are also cautious ahead of the US Fed Chair Jerome Powell's congressional testimony later in the day, which could provide clues about the outlook for interest rate moves.
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693 days ago
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