January 2023

Man Suing Southwest Airlines Says It Didn’t Refund His Canceled Flight

A man suing Southwest Airlines claims the carrier failed to reimburse passengers after canceling flights. Eric Capdeville said he and his daughter were only given vouchers to use for future flights. Southwest says it will refund tickets to passengers and “reasonable requests” for refunds. Loading Something is loading. Thank you for your registration! Access your …

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Stock futures rise as Wall Street tries to recover from Tuesday’s rocky session

Stock futures traded higher on Wednesday as Wall Street tries to regain its footing after a tough first session of the year. Futures contracts linked to the Dow Jones Industrial Average rose 111 points, or 0.3%. S&P 500 and Nasdaq-100 futures rose 0.5% and 0.7% respectively. Sentiment was boosted in part by encouraging inflation data …

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Ant gets approval to expand its consumer finance business

The regulatory review forced Hangzhou-based Ant Group to abruptly suspend plans for a massive IPO in 2020. CGV | Visual Group China | Getty Images BEIJING — Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in addressing regulators’ concerns. Since the abrupt suspension of …

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Asia-Pacific markets, Fed, Wall Street, Apple, Tesla, Japan PMI

Alibaba shares rise after Ant Group receives investment plan approval Hong Kong-listed Alibaba shares rose 6.43% in Wednesday morning trading – after China’s Banking and Insurance Regulatory Commission approved a capital expansion plan by Ant Group for its consumer financial unit based in Chongqing. According to a review posted last weekChinese regulators have given the …

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Stock Market Hits Resistance To Start 2023 As Apple Tumbles, Tesla Dives

Dow Jones futures rose after hours, as did S&P 500 and Nasdaq futures. The stock market began 2023 as it ended last year, with flashes of strength followed by reversals in major indices and stocks. X Apple stock skidded to new bear market lows and fell below a $2 trillion valuation on reports that Apple …

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Sam Bankman-Fried pleads not guilty in FTX fraud case; October trial set

NEW YORK, Jan 3 (Reuters) – Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges of misleading investors in his now bankrupt cryptocurrency exchange FTX and causing billions of dollars in losses, in what prosecutors called it an “epic” fraud. He pleaded in federal court in Manhattan where he faces eight counts, including wire …

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Tesla shares suffer New Year’s hangover on demand worries, delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Tesla Inc. (TSLA.O) Stocks kicked off 2023 with a thud, …

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FTX founder Sam Bankman-Fried pleads not guilty

New York CNN — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, has pleaded not guilty to criminal charges, setting up a high-stakes legal battle that pits him against two of his closest associates. former business partners. The 30-year-old entrepreneur, who has $250 million bail, was arraigned in federal court in Manhattan on Tuesday, …

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Eden Prairie-based C.H. Robinson’s CEO departs abruptly

CH Robinson chief executive Bob Biesterfeld resigned on Saturday and the company’s chairman of the board, Scott Anderson, is now interim CEO. A filing with the Securities and Exchange Commission on Tuesday noted specifically that Biesterfeld’s departure is considered an “involuntary termination by the company without cause.” The Eden Prairie-based company offered no reason for …

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