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SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank set to post $34bn gain after handing over Alibaba shares

SoftBank expects to post a gain of more than $34bn by turning over a chunk of its holdings in the Chinese ecommerce group Alibaba, marking a historic shift in the Japanese group’s relationship with its best-known investment. SoftBank had made a series of complex derivative deals that allowed it to raise cash while retaining the option …

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Economist Phillip Magness slams ‘Orwellian’ Facebook for fact-checking recession post

Economist Phillip Magness slams ‘Orwellian’ Facebook for fact-checking recession post

A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partly false” rating as President Biden continues to reject the grim assessment of the economy. Dr. Phillip Magness, the research and education director at the American Institute for Economic Research, a …

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Dems using Federal Reserve as a 'scapegoat' for their bad economic policies: Washington Post column

Dems using Federal Reserve as a ‘scapegoat’ for their bad economic policies: Washington Post column

NEWYou can now listen to Fox News articles! In her latest column for the Washington Post, Catherine Rampell called out Democratic lawmakers who are looking to blame other sources, such as the Federal Reserve, for the bad economy instead of coming up with policies to pull Americans out of an economic downturn. Like President Biden …

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Value stocks post best stretch in 20 years relative to growth stocks --- but that's starting to change. Why?

Value stocks post best stretch in 20 years relative to growth stocks — but that’s starting to change. Why?

Since the start of the year, a longstanding trend in U.S. stocks has suddenly reversed: formerly highflying growth stocks have gotten hammered, while “value” names have taken on the mantel of market leaders at a time when stocks are on track for steep annual losses. For years, rock-bottom interest rates and negligible inflation motivated investors …

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Shocker! Peter Rice Fired From Disney; Dana Walden Taking His Post As Chairman, General Entertainment Content

Shocker! Peter Rice Fired From Disney; Dana Walden Taking His Post As Chairman, General Entertainment Content

UPDATED: Disney has confirmed the exit of Peter Rice and the ascension of Dana Walden. Release is below the story we revealed at 8:18 AM PST. Peter Rice, the highly regarded Disney exec, has been fired, Deadline hears. Rice, Chairman of Walt Disney Television and Co-Chair, Disney Media Networks, has been a respected leader there …

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