Category: CNBC

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Trump-linked SPAC shares soar more than 50% on news of social media deal

Trump-linked SPAC shares soar more than 50% on news of social media deal

Trump-linked SPAC shares soar more than 50% on news of social media deal Homepage and app announcement of “Truth Social”. Former US President Donald Trump wants to start an alternative social network. Apart from the announcement, however, there is not much to see yet. Christoph Dernbach | picture alliance | Getty Images The stock price...

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Watch live: CDC panel to vote on Moderna and J&J Covid booster shots

Watch live: CDC panel to vote on Moderna and J&J Covid booster shots

Watch live: CDC panel to vote on Moderna and J&J Covid booster shots [The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] A key Centers for Disease Control and Prevention advisory committee is meeting Thursday to discuss booster shots...

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Here's how Crocs avoided some of the pain of shipping delays and factory closures

Here's how Crocs avoided some of the pain of shipping delays and factory closures

Here's how Crocs avoided some of the pain of shipping delays and factory closures A snarled global supply chain is hurting retailers, from shoe brands to department store chains, and threating their performance this holiday season. But Crocs says it has created a playbook to manage through the crisis with mitigated impact. Chief Executive Andrew...

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Amazon warehouse workers on Staten Island to file for union election

Amazon warehouse workers on Staten Island to file for union election

Amazon warehouse workers on Staten Island to file for union election An independent group of Amazon employees on Staten Island plan to file for a union election with the National Labor Relations Board on Oct. 25. Should the NLRB approve their request, it would kick off the second unionization vote at an Amazon warehouse in...

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WeWork prepares to go public through SPAC merger after botched IPO

WeWork prepares to go public through SPAC merger after botched IPO

WeWork prepares to go public through SPAC merger after botched IPO More than two years after its failed IPO, WeWork will go public through a special purpose acquisition company on Thursday. The office startup halted initial plans for an IPO in 2019 after investors raised concerns over its business model and its founder and then-CEO...

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Jobless claims fall again as enhanced pandemic benefits fade away

Jobless claims fall again as enhanced pandemic benefits fade away

Jobless claims fall again as enhanced pandemic benefits fade away Weekly jobless claims hit another pandemic-era low last week as the elimination of enhanced benefits sent fewer people to the unemployment line. First-time filings for unemployment insurance totaled 290,000 for the week ended Oct. 16, down 6,000 from the previous period, the Labor Department reported...