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Meta executive says holiday sales were earlier and bigger this year

Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory sought to clear it out with heavy discounts, said Meta Vice President of Global Business Nicola Mendelsohn, speaking in an interview at the Reuters NEXT conference. “We’re seeing that there

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Cointelegraph By Judith BannermanQuist

Kraken cuts workforce by 30% in an effort to survive crypto winter

Cryptocurrency exchange Kraken announced on Nov. 30 that it has made one of its “hardest decisions”  and is cutting down its global workforce by approximately 1,100 people, comprising approximately 30% of its total workforce, amid current market conditions. According to CEO and co-founder Jesse Powell,

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Megan Cassella

Fed Chair Jerome Powell Says Rate Hikes Might Slow in December

Federal Reserve Chairman Jerome Powell laid the groundwork on Wednesday for the central bank to slow its pace of monetary policy tightening as soon as December, all but solidifying the prospects that the Fed will raise interest rates half of a percentage point next month.

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Fed Chief Jerome Powell Stays Hawkish, But S&P 500 Rallies

Federal Reserve Chair Jerome Powell, in his first public remarks since his hawkish news conference after the latest 75-basis-point rate hike, didn’t back down an inch from his view that the Fed’s key policy rate is headed to 5%. Still, after release of Powell’s prepared

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Tyler Durden

South Dakota Governor Bans TikTok From State-Owned Devices

Government employees in South Dakota will no longer be allowed to have TikTok installed on government devices due to security concerns. “Because of our serious duty to protect the private data of South Dakota citizens, we must take this action immediately,” said Republican Governor Kristi

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