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December 6, 2025
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$84.5M MacKenzie Scott gift shows confidence in Girl Scouts

The Cheap Investor3 years ago3 years ago04 mins

NEW YORK (AP) — Philanthropist MacKenzie Scott donated $84.5 million to Girl Scouts of the USA and 29 of its local branches, the 110-year-old organization said Tuesday, calling it a vote of confidence. “Her support of our organization means honestly just as much as the donation,” Sofia Chang, CEO of GSUSA, said in an interview….

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Liz Truss’ waning power brings political plots, and jokes

The Cheap Investor3 years ago3 years ago05 mins

LONDON (AP) — Powerless, humiliated, labeled a “ghost” prime minister and compared unfavorably to a head of lettuce — this is not a good week for Liz Truss. Britain’s prime minister was scrambling to recover her grasp on power Tuesday after her economic plans were ripped up and repudiated by a Treasury chief whom she…

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French strike pits workers vs. government as inflation bites

The Cheap Investor3 years ago3 years ago04 mins

PARIS (AP) — Tens of thousands of French workers took to the streets Tuesday across the country, striking for pay hikes that keep up with rising inflation. The industrial action came after weeks of walkouts that have hobbled French oil refineries and sparked gasoline shortages around the country. “It’s time to go back to work,”…

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J&J sales grow, but strong dollar tugs at expectations

The Cheap Investor3 years ago3 years ago03 mins

Johnson & Johnson topped third-quarter expectations thanks to pharmaceutical sales growth, but a strong dollar made the health care giant tread cautiously again with its outlook. J&J on Tuesday narrowed its 2022 forecast and stuck to the midpoint of its previous range after lowering expectations earlier this year due to the impact of currency exchanges….

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Greens leaders back German nuke extension, grassroots angry

The Cheap Investor3 years ago3 years ago02 mins

BERLIN (AP) — Senior members of Germany’s environmentalist Greens party indicated Tuesday that they would accept Chancellor Olaf Scholz’s decision to extend the lifetime of the country’s three remaining nuclear plants for a few months. The reactors were long scheduled to be switched off at the end of the year, but Economy Minister Robert Habeck…

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Electric vehicles take center stage at pared-back Paris show

The Cheap Investor3 years ago3 years ago06 mins

FRANKFURT, Germany (AP) — Europe is leading the push into battery-powered cars as electric vehicles enter the mainstream — even as the industry faces challenges including supply shortages, a spotty charging network and a looming recession. The electric-as-routine approach is on display this week at a slimmed-down Paris auto show as carmakers show off models…

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EXPLAINER: Why Germany is delaying its nuclear shutdown

The Cheap Investor3 years ago3 years ago04 mins

BERLIN (AP) — German Chancellor Olaf Scholz has ordered preparations for all of the country’s three remaining nuclear reactors to continue operating until mid-April. The move marks another hiccup in the country’s long-running plan to end the use of atomic energy. Here is a look at Germany’s politically charged debate on nuclear power. COLD WAR…

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Asia stocks mixed after Wall St rises on corporate profits

The Cheap Investor3 years ago3 years ago02 mins

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports. Tokyo advanced while Shanghai and Hong Kong declined. The yen stayed near a two-decade low near 149 to the dollar. Oil prices gained. Wall Street’s benchmark S&P 500 index rose 1.1% on Tuesday after investment bank Goldman…

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Smartphone maker Foxconn unveils EV for Taiwan brand Yulon

The Cheap Investor3 years ago3 years ago02 mins

TAIPEI, Taiwan (AP) — The company that assembles smartphones for Apple Inc. and other global brands unveiled an electric SUV on Tuesday that will be produced for a Taiwanese automaker under a similar contract model. Foxconn Technology Group said the SUV will be sold by Yulon Motor as the Luxgen n7 starting next year. It…

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US businesses propose hiding trade data used to trace abuse

The Cheap Investor3 years ago3 years ago06 mins

A group of major U.S. businesses wants the government to hide key import data — a move trade experts say would make it more difficult for Americans to link the products they buy to labor abuse overseas. The Commercial Customs Operations Advisory Committee is made up of executives from 20 companies, including Walmart, General Motors…

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