Economy

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Amazon to Be Added to the Dow Jones Industrial Average, Replacing Walgreens Boots Alliance

NEW YORK—Amazon.com Inc. is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average. The e-commerce giant will replace drugstore operator Walgreens Boots Alliance in the Dow before the open of trading on Monday, S&P Dow Jones Indices said Tuesday. The shift was […]

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NYC Sues Social Media Companies for Allegedly Fueling Youth Mental Health Crisis

New York City spends more than $100 million on youth mental health programs and services each year, according to the mayor’s office.

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Biden Admin Finalizes 2 Oregon Coast Areas for Floating Offshore Wind Farms

BOEM said it finalized the two areas after consulting with local tribes, but the tribes refute those claims, saying their concerns were ignored.

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Elon Musk Says Biden Gaslighting Americans After President Blames Trump for Border Crisis

President Biden has touted the bipartisan border security bill as a ‘win for America.’

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7 House Democrats Join Republicans Urging Biden Reverse on Natural Gas Export Pause

As European allies have turned from Russia to the United States for their natural gas, the lawmakers are questioning why the president would pause US supply.

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Energy Sector Calls on Government to Abolish Wholesale Gas Price Caps

Energy producers believed it was time for the government to lift restrictions on the market to ensure sufficient gas supply for Australia’s east coast.

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Musk Says Tesla Shareholders Will Vote on Moving Company From Delaware to Texas

Elon Musk said Tesla shareholders will vote on moving Tesla’s state of incorporation from Delaware to Texas after a Delaware judge voided his pay package.

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EBay Reaches $59 Million Settlement Over Pill Presses Sold Online Amid Opioid Epidemic

E-commerce giant eBay has agreed to pay $59 million to resolve allegations that the company violated the Controlled Substances Act (CSA) in connection with thousands of pill press machines that were sold on the platform, the Department of Justice announced on Jan. 31. The San Jose, California-headquartered company also agreed to enhance its compliance program […]

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Meta CEO Zuckerberg Apologizes to Parents at Intense Senate Hearing

Parents told lawmakers that their children had been exploited, bullied, or molested online while using one of Mr. Zuckerberg’s many platforms.

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Musk’s Neuralink Implants First Brain Chip in Human

‘Initial results show promising neuron spike detection,’ he said.

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Amazon’s Bid to Buy Roomba Maker iRobot Is Called Off Amid Pushback in Europe

LONDON—Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union signaled its objection to the deal. The companies said in joint statement that they were disappointed but mutually agreed to terminate the acquisition. The deal faced antitrust scrutiny on both sides of the […]

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Georgia’s Kemp Says More Renewable Energy Needed to Fuel EV Manufacturing in the State

Gov. Brian Kemp says his state has taken significant steps toward decreasing its use of coal, natural gas, and oil to generate electricity.

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Google Laying Off Hundreds of Employees Globally

Alphabet Inc.’s Google is conducting “organizational changes” and laying off hundreds of employees working across various sectors of its business as part of the tech giant’s efforts to slash costs. Google confirmed the global job cuts in a statement to multiple media outlets. “Throughout the second half of 2023, a number of our teams made […]

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McDonald’s Cashless Move Sparks Calls for Boycott

Customers are now calling for a boycott in response to the fast-food giant’s cashless policy, demanding a reconsideration of the controversial move.

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Oil Slides as Saudi Price Cuts Counter Middle East Worries

LONDON—Oil prices fell by more than 2 percent on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2 percent, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas […]