Business

Elon Musk briefly loses his title as the richest person in the world to LVMH’s Arnault – Forbes

Dec 7 (Reuters) – Twitter owner and Tesla (TSLA.O) boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a sharp drop in the value of its stake in the electric car manufacturer. and a $44 billion bet on the social media company. Bernard Arnault, chief executive …

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Pentagon splits $9 billion cloud deal between Google, Amazon, Oracle and Microsoft

Dec 7 (Reuters) – The Pentagon has awarded $9 billion in cloud computing contracts to Alphabet Inc’s Google (GOOGL.O), Amazon Web Services Inc (AMZN.O), Microsoft Corp (MSFT.O) and Oracle Corp Wednesday. The Joint Warfighting Cloud Capability (JWCC) is the multi-cloud successor to the Joint Enterprise Defense Infrastructure (JEDI), which was an IT modernization project to …

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Manhattan tenants face sticker shock with average rent of $5,200

An ‘Apartments for Rent’ sign outside a building in the East Village neighborhood of New York, USA Gaby Jones | Bloomberg | Getty Images Manhattan rents rose 2% in November, dashing hopes of cooling prices and forcing many tenants to give up their leases or downsize, brokers said. The median rent for a Manhattan apartment …

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Elon Musk briefly became the 2nd richest person in the world. No. 1 Was…

Elon Musk’s net worth has already shrunk by more than $200 billion this year. New Delhi: Twitter and Tesla CEO Elon Musk briefly lost his title as the world’s richest person today, according to the Forbes list that tracks the wealth of the world’s billionaires in real time. The sharp decline in Mr. Musk’s net …

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Ex-Theranos chairman Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A U.S. judge on Wednesday sentenced former Theranos Inc chairman Ramesh “Sunny” Balwani to 12 years and 11 months in prison for defrauding investors and patients of the blood testing startup run by Elizabeth Holmes, spokeswoman for the U.S. Attorney’s Office confirmed. U.S. District Judge Edward Davila in San Jose, Calif., …

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Former Theranos chairman Sunny Balwani sentenced to almost 13 years in prison

Photo illustration: Shoshana Gordon/Axios Photo: Justin Sullivan/Getty Images Ramesh “Sunny” Balwani, the former president and chief operating officer of bankrupt blood testing company Theranos, was sentenced Wednesday to 12 years and nine months in prison, plus three years probation. Driving the news: Balwani’s sentencing comes less than three weeks after his former boss and girlfriend, …

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The last Boeing 747 rolls off the line after half a century of production | Boeing

After more than half a century of production, the last Boeing 747 has rolled out of an American factory in Washington State. The end customer was cargo carrier Atlas Air, which ordered four 747-8 freighters earlier this year. The last plane rolled out of Boeing’s massive factory in Everett, Washington on Tuesday evening. The 747 …

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The Pentagon shares a $9 billion cloud contract between 4 companies

WASHINGTON (AP) — Google, Oracle, Microsoft and Amazon will split the Pentagon’s $9 billion contract to build its cloud computing network, a year after accusations of politicization over the previously announced contract and a lengthy legal battle that has led to the restarting of the army in its allocation process. Joint Warfighter’s cloud capability is …

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Hong Kong shares rise 3% after local media reported the city is considering scrapping the outdoor mask rule

Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall …

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Why this market rally is so dangerous; Tesla nears lows on this move

Dow Jones futures fell slightly in extended trading, along with S&P 500 and Nasdaq futures. The stock market rally saw a flat to lower session on Wednesday. X The Nasdaq led the declines as Apple (AAPL), parent company of Google Alphabet (GOOGL) and Tesla stock extended big weekly losses. Shares of Apple and Google fell …

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