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#Breaking News: Business
smithleonardo · 2 years
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Hedge funds are sitting on a record level of bearish bets on the stock market
Hedge funds are sitting on a record level of bearish bets on the stock market
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the middle of a bear market. Net short positions against the S&P 500 futures by hedge funds have reached a record $107 billion this week, according to calculations by Greg Boutle, head of U.S. equity and…
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globalcourant · 2 years
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Salman Rushdie stabbed in neck, airlifted to hospital
Salman Rushdie stabbed in neck, airlifted to hospital
Author Salman Rushdie is reportedly on a ventilator and unable to speak after being attacked while on stage in western New York on Friday. State troopers confirmed in a press conference Friday afternoon that Rushdie was stabbed at least once in the neck and at least once in the abdomen while on stage for a panel in Chautauqua in western New York. Staff and audience members rushed to the stage and…
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parichaytimes · 2 years
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What doomed CNN+? How rival strategies and executive intrigue fueled the streaming service's rapid demise
What doomed CNN+? How rival strategies and executive intrigue fueled the streaming service’s rapid demise
Executive producer Chris Licht of the television show Our Cartoon President speaks onstage during the CBS/Showtime portion of the 2018 Winter Television Critics Association Press Tour at The Langham Huntington, Pasadena on January 6, 2018 in Pasadena, California. Frederick M. Brown | Getty Images Chris Licht wasn’t supposed to start his new job as CNN’s chief until May. But on Thursday he found…
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pressnewsagencyllc · 19 hours
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Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
Home Depot already draws half of its business from pros, while the other half comes from do-it-yourself customers. With the deal, the Atlanta-based company is making yet another push to gain customers who tackle complex and lucrative projects. That was one of the priorities that Home Depot leaders laid out for this year. It’s also why the company has been opening a growing network of distribution…
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newsreports-online · 3 days
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Shipping giant Maersk confirms it chartered ship that collided with Baltimore bridge
A US Coast Guard helicopter flies over the Dali container vessel after it struck the Francis Scott Key Bridge that collapsed into the Patapsco River in Baltimore, Maryland, US, on Tuesday, March 26, 2024. The commuter bridge collapsed after being rammed by the Dali ship, causing vehicles to plunge into the water. Photographer: Al Drago/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…
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warraichh · 2 months
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Apple offers rivals access to mobile payment tech in EU antitrust case
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple has offered to give rivals the ability to access and interoperate with its…
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eptoday · 4 months
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reportwire · 6 months
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GM secures new $6 billion credit line as UAW strike costs reach $200 million
DETROIT – General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some of the UAW leadership that they intend to drag this on for months,” CFO Paul Jacobson told CNBC’s…
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newbussinessideas · 10 months
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Dollar General stock plunges as 'challenging' economic backdrop drives dismal earnings report
A shopper at a Dollar General store Daniel Acker | Bloomberg | Getty Images Dollar General’s core customers are reining in their spending amid a worse-than-expected macroeconomic backdrop, leading the discounter to slash its full-year outlook after a dismal earnings report Thursday.  Shares of Dollar General plunged nearly 20% Thursday, closing at $161.86 after the retailer missed estimates on…
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gingersnapped · 2 months
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hermitcraft season 10 | bdubs
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mollyrealized · 1 year
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deevsnetwork · 1 year
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United Airlines (UAL) earnings Q4 2022
United Airways‘ fourth-quarter revenue and outlook for early 2023 topped Wall Avenue estimates due to sturdy journey demand and excessive fares. Shoppers’ urge for food for air journey and willingness to pay increased fares has helped airways return to profitability regardless of increased prices for gas, labor, and different bills tied to ramping their networks again up. In the meantime, plane…
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srilanka1234 · 1 year
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pressnewsagencyllc · 3 days
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Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
In a statement Tuesday, CEO Dani Reiss said, “Today, we are realigning our teams to ensure that corporate resources are fit for purpose to fuel our next phase of growth across geographies, categories, and channels.” “We are focused on achieving efficiency and margin expansion, while investing in key initiatives — brand, design and best-in-class operations — that will powerfully position our…
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jadewalker · 1 year
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asikomecom · 1 year
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Omicron boosters are 84% effective at keeping seniors from being hospitalized with Covid, CDC says - CNBC
Omicron boosters are 84% effective at keeping seniors from being hospitalized with Covid, CDC says – CNBC
The latest omicron boosters are 84% effective at keeping seniors 65 and older from being hospitalized with Covid-19 compared with the unvaccinated, according to a study published by the Centers for Disease Control and Prevention on Friday. And seniors who received the omicron booster had 73% more protection against hospitalization than those who only received two or more doses of the… Read more
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