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December 8, 2025
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Trial is ordered for 59 in deadly collapse of Genoa bridge

The Cheap Investor4 years ago4 years ago02 mins

ROME (AP) — A judge in Genoa on Thursday ordered all 59 defendants to stand trial for the deadly 2018 collapse of a heavily used highway bridge in that Italian port city which sent cars and trucks plunging into the dry riverbed below. Forty-three people were killed when a large section of the Morandi Bridge…

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Walmart offers supply-chain workers a chance to drive trucks

The Cheap Investor4 years ago4 years ago01 mins

NEW YORK (AP) — Walmart workers who once unloaded trucks now have a chance to drive them. The nation’s largest retailer has launched a training program that gives employees who work in its distribution or fulfillment centers a chance to become certified Walmart truck drivers through a 12-week program taught by the company’s established drivers….

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Warren Buffett buying spree goes on, HP soars on 11.5% stake

The Cheap Investor4 years ago4 years ago03 mins

OMAHA, Neb. (AP) — Shares of HP Inc. jumped nearly 15% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire. Berkshire Hathaway Inc. said in a filing with the Securities and Exchange Commission that it now…

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ConAgra cuts outlook as inflation outpaces its price hikes

The Cheap Investor4 years ago4 years ago02 mins

ConAgra cut its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and on Thursday, the Chicago company said it expects full-year gross inflation to be approximately 16% compared with its previous guidance of 14%. Another round…

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US jobless claims stay at historically low levels last week

The Cheap Investor4 years ago4 years ago02 mins

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels. Jobless claims fell by 5,000 to 166,000 for the week ending April 2, the Labor Department reported Thursday. The previous week’s number was revised down a whopping 31,000 claims. Last week’s claims match the figure from two…

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Shanghai wrestles with food shortages under virus shutdown

The Cheap Investor4 years ago4 years ago05 mins

BEIJING (AP) — Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people in their homes, fueling frustration as the government tries to contain a spreading outbreak. People in China’s business capital complain online grocers often are sold out. Some received…

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Europe agrees to ban Russian coal, but struggles on oil, gas

The Cheap Investor4 years ago4 years ago06 mins

The European Union nations have agreed to ban Russian coal in the first sanctions on the vital energy industry over the war in Ukraine, but it has underlined the 27 countries’ inability to agree so far on a much more sweeping embargo on oil and natural gas that would hit Russia harder but risk recession…

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US diplomat: Mediterranean gas pipeline to Europe not viable

The Cheap Investor4 years ago4 years ago03 mins

NICOSIA, Cyprus (AP) — A proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon, a senior U.S. diplomat said Thursday. U.S. Under Secretary of State Victoria Nuland…

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Shell says Russia exit has already cost $5 billion

The Cheap Investor4 years ago4 years ago02 mins

LONDON (AP) — Shell says its decision to pull out of Russia in response to the country’s invasion of Ukraine has already cost the international energy giant as much as $5 billion. The reduced value of Russian assets, credit losses and “onerous” contract terms will cut earnings for the first three months of the year…

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Asian shares mostly lower after tepid gains on Wall Street

The Cheap Investor4 years ago4 years ago04 mins

TOKYO (AP) — Asian shares were mostly lower Friday as investors eyed the war in Ukraine and what the world’s central banks might do to keep inflation in check. Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while Sydney advanced. Oil prices retreated. Investors have been weighing the latest updates from the U.S. Federal…

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