Business

Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

Only one Bertucci restaurant remains in New Hampshire after the abrupt closure of two other restaurants in the state on Monday. In the filing, the chain’s parent company cited the impact of COVID-19 and inflation, saying both led to lower sales and higher expenses. In fiscal 2021, the chain suffered an operating loss of $14 …

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Asian markets trade mixed amid recession fears;  China to release trade data

Asian markets trade mixed amid recession fears; Chinese trade data falls short of expectations

China’s exports and imports fall more than expected China’s dollar-denominated exports fell 8.7% in November on an annualized basis, down more than expected from a 3.5% drop, analysts said in a Reuters poll. U.S. dollar imports also fell 10.6% for the month from a year ago, beating the drop of 6% expected in a separate …

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Tim Cook and President Biden came to Arizona to announce US-made chip plans

Tim Cook and President Biden came to Arizona to announce US-made chip plans

Apple plans to start using American-made processors after opening a new state-of-the-art chip factory in Phoenix, Arizona. For factory customers, which also include AMD and NVIDIA, the new facility means more secure chip supply and faster production times. Chipmaker TSMC also said today that it will begin construction of a second factory in Phoenix next …

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Asian markets trade mixed amid recession fears;  China to release trade data

Asian markets trade mixed amid recession fears; China to release trade data

China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November on an annualized basis after falling 0.3% in October, and imports are expected to fall …

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SF officials investigate allegedly illegal rooms at Twitter headquarters, as Elon Musk slams Mayor Breed

SF officials investigate allegedly illegal rooms at Twitter headquarters, as Elon Musk slams Mayor Breed

San Francisco officials are investigating a complaint alleging that Twitter illegally converted part of its headquarters into bedrooms. The complaint was dropped off at the city’s 311 service by a user on the social media network itself, after Forbes reported that some conference rooms had been converted into “modest rooms with unmade mattresses, drab curtains …

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Renewables will overtake coal by early 2025, Energy Agency says

Renewables will overtake coal by early 2025, Energy Agency says

Globally, the growth of renewable energy capacity is expected to double by 2027, adding as much renewable energy in the next five years as in the past two decades, the International Energy Agency announced on Tuesday. ‘energy. Renewables are on track to overtake coal as the main source of electricity generation by early 2025, the …

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S&P posts fourth straight decline as recession talk weighs on Wall Street

S&P posts fourth straight decline as recession talk weighs on Wall Street

Meta stumbles upon EU concern report over targeted ads Energy stocks fall as crude trades at lowest level since January Indices down: Dow 1.03%, S&P 1.44%, Nasdaq 2% Dec 6 (Reuters) – Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as jittery investors worried about Federal …

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Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers

Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers

December 6, 2022 PRESS RELEASE Apple Announces Biggest App Store Price Upgrade, Adding 700 New Price Tiers Developers will also get new flexibility to manage pricing globally CUPERTINO, CALIFORNIA Apple today announced the most comprehensive upgrade to pricing capabilities since the launch of the App Store, giving developers 700 additional pricing tiers and new pricing …

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Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …

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Sale revives floating offshore wind power in US waters

Sale revives floating offshore wind power in US waters

PORTLAND, Ore. (AP) — Tuesday marks the first-ever U.S. auction of leases to develop commercial-scale, floating wind farms in deep waters off the West Coast. The live online auction for the five leases – three off California’s central coast and two off its northern coast – has generated strong interest, and 43 companies from around …

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