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Virgin Orbit’s Failed Launch Is a Blow to the Company
Posted inCompany Reports Cornwall (England) Great Britain Layoffs and Job Reductions Rocket Science and Propulsion Satellites Virgin Group Virgin Orbit

Virgin Orbit’s Failed Launch Is a Blow to the Company

Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.
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Posted by By Stanley Reed
Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
Posted inChina Company Reports Computer Chips Huawei Technologies Co Ltd International Relations Meng Wanzhou Politics and Government Telephones and Telecommunications

Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit

The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.
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Posted by By Chang Che
How the S&P 500 is Dominated By Apple and Microsoft
Posted inCompany Reports Computers and the Internet Federal Reserve System Microsoft Corp Pensions and Retirement Plans S & P Dow Jones Indices Standard & Poor's 500-Stock Index Stocks and Bonds

How the S&P 500 is Dominated By Apple and Microsoft

Investors in the S&P 500 are highly dependent on the fate of Microsoft, Apple and other big technology stocks. A rally in March showed how this can mask turmoil in the rest of the market.
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Posted by By Joe Rennison and Eli Murray
People Bought Crocs During the Pandemic. They Haven’t Stopped.
Posted inCompany Reports Consumer Behavior Crocs Inc Shoes and Boots Shopping and Retail

People Bought Crocs During the Pandemic. They Haven’t Stopped.

While other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019.
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Posted by By Jordyn Holman

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