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US online spending rose nearly 9% during the 2024 holiday season, with shoppers increasingly buying products such as TVs and LEGO sets on their smartphones, data from Adobe Analytics showed on Tuesday. Holiday spending from Nov. 1 through Dec. 31 rose 8.7% to about $241.4 billion online, higher than Adobe’s initial forecast of $240.8 billion made in September. In 2023, online spending during the same period
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WASHINGTON Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal’s prospects to investors. Lourenco Goncalves, CEO of steelmaker Cleveland-Cliffs, which
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Cybersecurity guru Amit Yoran, 54, a noted expert in the field who worked in the past for the Homeland Security Department and spoke on the subject on television, has died after a battle with cancer, his company said Saturday. Yoran, described as a visionary, who took a leave of absence last month, passed away Friday,
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US fintech firm Ripple and blockchain oracle provider Chainlink have partnered to accelerate the adoption of the cross-border payments firms stablecoin, Ripple USD. Ripple has adopted the Chainlink standard to access highly secure and reliable pricing data around the recently launched Ripple USD (RLUSD) stablecoin, stated Chainlink on Jan. 7. Ripple describes its new stablecoin
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Share Tweet By Tr Goins-Phillips Editor January 5, 2025 A new advisory from the U.S. surgeon general categorizes alcohol consumption as the “third leading preventable cause of cancer” in the country. Dr. Vivek Murthy issued the guidance Friday, stating new findings link alcohol to the chances of contracting at least seven different kinds of cancer:
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PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity,
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US longshoremen reached a contract agreement with ports and shippers Wednesday, averting a potential strike that could have damaged the American economy. The International Longshoremens Association union and the US Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead of a Jan. 15
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We love bonds, but we hate it when they make the front page. Let’s face it, while they are intellectually fascinating, there are no good news stories about bond markets. It’s always “someone’s defaulted”, “someone’s crashing the economy”, or some other such awfulness. Readers would have found it hard to miss the excellent coverage that
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