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Stock futures drift sideways after rally

Stock futures steadied Thursday evening after a rally on Wall Street, with the three major U.S. stock indexes closing sharply higher as investors further mulled the path forward for interest rates and a host new sanctions against Russia. Contracts on the S&P 500 hugged the flat line. The S&P 500, Dow and Nasdaq each closed out Thursday’s regular session higher by more than 1%. Despite some losses earlier this week, the S&P 500 and Nasdaq headed for a second straight week of gains, if levels… Source link

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NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2021 Financial Results

Quarterly Total Revenues reached RMB9,900.7 million (US$1,553.6 million)iQuarterly Deliveries of the ES8, the ES6 and the EC6 were 25,034 vehiclesFull Year Total Revenues reached RMB36,136.4 million (US$5,670.6 million)Full Year Deliveries of the ES8, the ES6 and the EC6 were 91,429 vehicles SHANGHAI, China, March 24, 2022 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO; HKEX: 9866), a pioneer and a leading company in the premium smart electric vehicle market, today… Source link

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Biden says he’d be ‘very fortunate’ to run against Trump in 2024

WASHINGTON — Speaking from Brussels while meeting with European leaders about Russia’s war with Ukraine, President Biden indicated he would relish a rematch with Donald Trump in the next presidential election. “I’d be very fortunate to have the same man running against me,” Biden said during a press conference at which he was asked about whether he would seek reelection in 2024. As has frequently been the case since he took office, Biden did not mention Trump by name, though he said… Source link

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Is Yandex, Russia’s Marquee Tech Company, In Trouble? One Former Board Member Says Yes.

It’s Russia’s Google, a multibillion-dollar, homegrown technology company that dominates the country’s e-commerce, offering everything from search engine results and food delivery to car sharing and an online marketplace. Yandex is a bellwether for Russia’s high-tech economy in the 21st century. Now, with Russia bombarding Ukraine and the West pounding Russia with crippling sanctions, the company’s future is in doubt. On March 7, Yandex announced the resignation of two board members,… Source link

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Google changes how it decides which product reviews come up in Search

Google announced Wednesday it’s making some improvements to how it decides which product reviews it shows in Search results. The idea behind these and other recent product reviews updates is to ensure that reviews you see are high quality and actually include helpful information about a product you might be considering buying. The improvements build on earlier updates “to make sure that product reviews in Search meet certain criteria,” Google’s Perry Liu said in a blog post. Here… Source link

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Spotify might soon bypass Android billing, but Google’s still getting paid

For years, a loose coalition of companies, including Spotify and Epic Games, has been railing against the so-called app store tax — taking Apple and Google to court and spurring regulators to investigate their up-to-30 percent cut of developers’ app revenue. They argue they’re locked into grossly overpriced billing, hosting, and curation services that sometimes hurt more than they help. So it was a surprise when, on Wednesday, Google revealed a pilot program with Spotify that will… Source link

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Biden set an energy trap for himself

President Biden has good intentions on climate change. His plan to halve carbon emissions by 2030 is on the scale energy and climate experts say is necessary to prevent the worst damage a warming planet could cause. He favors aggression action without the massive overshoot far-left schemes such as the “Green New Deal” would entail. That fits with his desire to make big changes that have at least some bipartisan support and can survive political turnover in Washington. Yet Biden now finds… Source link

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At Jackson hearing, Alabama’s AG refuses to say Biden is ‘duly elected’ president

Alabama Attorney General Steve Marshall testified Thursday as a Republican witness in opposition to the confirmation of President Biden’s Supreme Court nominee, Ketanji Brown Jackson, but instead made headlines over his refusal to acknowledge Biden as the “duly elected and lawfully serving president of the United States.” Marshall was questioned by Sen. Sheldon Whitehouse, D-R.I., who focused his initial line of questioning on Marshall’s views about Biden. “Is Joseph R. Biden of Delaware the… Source link

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