DOJ files second antitrust lawsuit against Google

Antitrust attorney Jonathan Kanter testifies before the Senate Judiciary Committee October 6, 2021 in Washington, DC. Win McNamee | Getty Images The U.S. Justice Department on Tuesday filed its second antitrust lawsuit against Google in just over two years. It’s the latest sign that the U.S. government is not backing down from cases against tech firms even in light of a mixed record in court on antitrust suits. This lawsuit, focused on Google’s online advertising business and seeks to make Google divest parts of the business, is the first against…

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New technique from U.S. national lab promises to strip carbon dioxide emissions from power plants and factories at record-low cost

A scientist at Pacific Northwest National Laboratory looking at the carbon capture system technology. Carbon dioxide, carbon capture, PNNL, Pacific Northwest National Laboratory, climate change Scientists at one of the country’s premier research labs have discovered a record-cheap way to capture carbon dioxide as it’s emitted from power plants and factories, including the likes of iron and steel manufacturing facilities. Globally, industrial processes are responsible for 31 percent of total greenhouse gas emissions and electricity generation accounts for 27 percent, according to Bill Gates in his climate book, dwarfing the…

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Microsoft set to report earnings after market close

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. Nadella gave a keynote speech at an event hosted by the company’s Korean unit. SeongJoon Cho | Bloomberg | Getty Images Microsoft will report fiscal second-quarter results after the close of regular trading on Tuesday. Here’s what analysts are expecting: Earnings: $2.30 per share, adjusted, according to Refinitiv. Revenue: $52.96 billion, according to Refinitiv. Sales growth is expected to come in at just 2.3% year over year, which would be the weakest expansion…

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Jim Cramer’s Investing Club meeting Tuesday: J&J, Danaher, AMD

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Buy JNJ while it’s down Look to buy Danaher Wait to buy AMD 1. Buy JNJ while it’s down Shares of Johnson & Johnson (JNJ) slipped more than 1% Tuesday after the drug maker delivered a beat on fourth-quarter profit but missed on revenue estimates. The stock doesn’t deserve to go down, especially considering that the company’s 2023 earnings outlook came in higher than expected…

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Walmart raises minimum wage as retail labor market remains tight

An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Tuesday that it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers. Starting in early March, store employees will make between $14 and $19 an hour. They currently earn between $12 and $18 an hour, according to Walmart spokeswoman Anne Hatfield. With…

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Chewy’s push into pet telehealth runs into regulatory hurdles, skeptical veterinarians

The Chewy.com application is displayed in the on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Chewy, the e-commerce pet-goods giant best known for its convenient auto-ship services and generous return policies, wants to grow its veterinary telehealth service as part of an overall push into health care.  While the telehealth service is a small part of the company’s rapidly expanding health offerings, it is important to its strategy. Yet it also faces regulatory obstacles and skepticism from the veterinary community. Longtime veterinarians told CNBC the service can have…

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How these new electric aircrafts could disrupt the $49 billion helicopter industry

Vertical lift aircraft have existed for more than a century in the form of helicopters. But the $49 billion industry faces a rapidly emerging threat. An estimated 200 companies are working to build electric vertical takeoff and landing vehicles (eVTOLs), a new type of small passenger aircraft designed for transportation within congested urban environments. “Helicopters are very expensive to operate for a number of reasons, but the biggest reason is that they have multiple points of failure, which eVTOL aircraft won’t,” said Michael Leskinen, president of United Airlines Ventures, which…

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These are the key tax forms you need to file your return — and when to expect them

If you’re expecting a refund this season, it’s critical to file a complete and accurate tax return to avoid “extensive processing” and delays, according to the IRS.    One of the keys to error-free filing is including all your required tax forms, known as information returns, which employers and financial institutions send yearly, with copies going to the IRS and taxpayer. If you skip tax forms received by the agency, the IRS systems may flag your return and mail you a notice, explained Sheneya Wilson, a certified public accountant and founder…

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Uber Freight cuts 150 jobs, about 3% of the unit’s headcount

Uber Freight has laid off 150 employees, or about 3% of the segment’s total headcount. The layoffs impact the division’s Digital Brokerage team, Uber Freight CEO Lior Ron said in a Monday message viewed by CNBC. They are the first layoffs since 2020, in the early weeks of Covid lockdowns. Uber launched its freight unit in 2017 with a belief that trucking companies and laden goods could be matched using the same concept that underpinned the company’s ride-hailing technology. The unit booked $1.8 billion in revenue for the third quarter of…

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SpaceX completes major Starship test in prep for rocket’s first orbital launch attempt

Starship prototype 24 stacked on top of Super Heavy booster prototype 7 at the company’s facility near Brownsville, Texas on January 9, 2023. SpaceX SpaceX announced on Monday it completed a major test of its latest Starship prototype, as the company prepares for the first orbital launch of the towering rocket. Starship prototype 24, stacked on Super Heavy booster prototype 7, was fueled up at SpaceX’s Starbase facility in Texas in a test known as a “wet dress rehearsal.” While the test does not include firing up the rocket’s engines,…

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