The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Investing Club: Earnings show this chip stock we own is a data center, 5G and automotive powerhouse

(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.) Marvell Technology (MRVL), which we own in the Charitable Trust, reported blowout third quarter earnings after the closing bell Thursday. Net revenue increased 61% year over year (YoY) to $1.211 billion, exceeding estimates of $1.149 […]

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Netsafe works with social media firms on new safety code, user-advocates wince at first draft

Netsafe – the lead agency for the Harmful Digital Communications Act – has released a draft internet safety code. But user-advocacy groups say while social media companies have been heavily involved in the draft, affected communities have been sidelined. Read More Mandy Henk: Facebook and the disinformation wars They also have issues with the fact the code’s administrator (who will […]

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CEOs across the market, economy agree on one 2022 prediction: More volatility, no end to Covid

Chief executive officers of companies from sectors including healthcare, restaurants, packaged food, manufacturing, logistics and chip sector tell CNBC that any hope of a "return to normal" in 2022 is misguided and volatility will remain a primary business challenge. CEOs see opportunity in the changes already made during Covid to become permanent competitive advantages, and for global economic growth to […]

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This company wants to cut your grocery bill in half

New York (CNN Business)Dollar General has become a retail empire by building small stores in rural towns across America to attract mainly low-income shoppers. Now, the company will expand its push to win wealthier customers in the suburbs using a new store model and name: Popshelf. Dollar General (DG) said Thursday it will open 1,000 Popshelf stores over the next […]

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GEO Group Tanks 10%; To Become Taxable Corporation, Discontinues Dividend

Shares of GEO Group, Inc. (GEO) tanked 10% after the corrections facility company Thursday announced a change in its corporate structure. The company said its board has approved a plan to terminate its Real Estate Investment election and become a taxable corporation, effective December 31, 2021. GEO is currently trading at $7.28, down $0.82 or 10.12%, on the NYSE. The […]

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upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler

Scaler accused of using its brand name ‘upGrad’ through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit. Ronnie Screwvala-led edtech unicorn upGrad, has filed a suit for trademark infringement against another EdTech company called Scaler. The suit has been filed in the Delhi high court for violation of intellectual […]

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