Month: March 2022

Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains
U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 50 points, or 0.1%. S&P 500 futures fell 0.1% […]
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Tesla should accept that it violated labor laws if Elon Musk is serious about inviting the UAW to organize workers, union chief Ray Curry says
Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada. James Glover II | Reuters If Tesla CEO Elon Musk is serious about welcoming organizing efforts of the company’s U.S. workforce, the automaker should rehire a fired […]
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Stocks making the biggest moves after hours: Micron, Lululemon, RH and more
The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall […]
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Top FDA official says fully vaccinated Americans may need more Covid shots this fall
Nathan Jacobs, of Boston gets his Covid Booster shot from Sassy Yogurtian at City Hall on December 9, 2021 in, in Boston, MA. Stuart Cahill | MediaNews Group | Getty Images People in the U.S. might need another Covid booster shot this fall as public health experts expect immunity from the vaccines to wane and […]
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Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Despite on ominous indicator hanging over the economy and higher interest rates on the way, Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is heading for recession. That view, expressed in a CNBC interview, comes in the face of a looming inversion of the 10- and 2-year Treasury yields […]
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Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a practice he engaged in that led to one of the most colorful battles in Wall Street history. “Despite our limited participation in […]
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Carl Icahn is expanding his animal-welfare campaign to Kroger, after first targeting McDonald’s
Carl Icahn Adam Jeffery | CNBC Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger, after the famed activist investor initially targeted McDonald’s. Icahn has submitted a plan to nominate two candidates to Kroger’s board, the Cincinnati-based company said in a release Tuesday. Kroger said it first heard from Icahn […]
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NBA’s Cavaliers reach jersey patch deal with steel company Cleveland-Cliffs
Darius Garland #10 of the Cleveland Cavaliers shoots over Admiral Schofield #25 and Chuma Okeke #3 of the Orlando Magic during the second quarter at Rocket Mortgage Fieldhouse on March 28, 2022 in Cleveland, Ohio. Jason Miller | National Basketball Association | Getty Images The Cleveland Cavaliers have a new jersey patch sponsorship. The NBA […]
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Pentagon expects to award up to $9 billion in cloud contracts in December
U.S. Defense Secretary Lloyd Austin speaks during a news conference in Tbilisi, Georgia October 18, 2021. Irakli Gedenidze | Reuters The U.S. Defense Department said Tuesday that it plans to award as much as $9 billion in contracts for cloud infrastructure services in December, about eight months later than it expected. The Joint Warfighter Cloud […]
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NFL owners vote to change playoff overtime rule to allow possessions for both teams
Head coach Sean McVay of the Los Angeles Rams celebrates after Super Bowl LVI at SoFi Stadium on February 13, 2022 in Inglewood, California. Kevin C. Cox | Getty Images PALM BEACH, Fla. – NFL owners voted Tuesday to amend the playoff overtime rule in order to allow both teams to possess the ball regardless […]
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