July 18, 2023

Markets Now

Evergrande posts losses of $81 billion over two years as it reports long-delayed results

Evergrande Group, the world’s most indebted property developer, has posted long-delayed financial results as a key part of its debt restructuring, which is shaping up to be one of the largest in Chinese corporate history.  
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Tesla directors will return $735 million to company to settle shareholder suit

Tesla directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court.  
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US startups are having a bad year. Relief isn't coming

US stocks are climbing and second quarter corporate earnings are coming in strong (so far, at least). Investors on Wall Street are optimistic.  
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The battle for the 'Taco Tuesday' trademark is over

Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell.  
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Video: See how drones are monitoring whale behavior

Tagging and tracking whales allows us to better understand them, but these practices can also frighten the animals. Dr. Ian Kerr and the team at Ocean Alliance have developed new techniques to overcome these problems using cutting-edge technology.  
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Peacock is getting its first-ever price hike

Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike.  
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Source: CNN Business

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