Day: April 21, 2022
Shares in Asia-Pacific are set to slide after the Fed’s Powell hints at 50 basis point hike for May
SINGAPORE — Shares in Asia-Pacific looked set for a lower start Friday as investors watch for market reaction to overnight remarks from U.S. Federal Reserve Chairman Jerome Powell. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,100 while its counterpart in Osaka was at 27,130. That […]
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Why would an Oscar-winning actor create a travel app? Kevin Costner shares his story
Kevin Costner knows a good story when he hears one. That’s why he said he was intrigued when he heard about an app designed to alert travelers of notable, yet often unnoticed, places of interest along their journeys. “I’m the guy that driving around America … when you see those bronze markers along the […]
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Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week. Gap Chief Executive Sonia Syngal will work closely with the […]
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Be ready to snatch up these 8 software stocks when they bottom, Jim Cramer says
CNBC’s Jim Cramer on Thursday gave investors a list of eight software stocks to keep on their shopping lists for the future. “I’m adamant that it’s still way early to buy some of these stocks. … But eventually, even these heinous stocks, formerly high-flying tech stocks, will get so cheap that they’re going to find […]
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These 12 manufacturers can help investors capitalize on the U.S. ‘industrial renaissance,’ Cramer says
CNBC’s Jim Cramer on Thursday named 12 American manufacturers investors should keep an eye on to take advantage of what he calls the country’s “industrial renaissance.” “The United States has been reclaiming its industrial preeminence in sector after sector after sector. It just was obscured by Wall Street’s now-defunct love affair with high-growth tech stocks. […]
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Stock futures are flat as the S&P 500 attempts to avoid another losing week
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Stock futures were flat in overnight trading Thursday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields. Futures on the Dow Jones Industrial Average dipped […]
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Obama calls for tech regulation to combat disinformation on social media
Former US President Barack Obama gestures as he speaks at the 2021 climate summit in Glasgow on November 08, 2021. NBC News reports Obama will return to the White House on Tuesday for the first time since he left office to promote the Affordable Care Act in an event alongside President Joe Biden. Jeff J […]
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Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked
A view of the Walt Disney World theme park entrance on July 11, 2020 in Lake Buena Vista, Florida. Octavio Jones | Getty Images A repeal of Disney’s self-government status in Florida could leave local taxpayers with more than $1 billion in bond debt, according to tax officials and legislators. The Florida House of Representatives on […]
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SpaceX signs first Starlink inflight Wi-Fi deal with charter airline JSX
SpaceX signed its first deal to add Starlink satellite internet to an air carrier’s fleet of planes with semi-private charter JSX, as Elon Musk’s company moves into the in-flight Wi-Fi market. CEO Alex Wilcox told CNBC on Thursday that the agreement with SpaceX covers service on up to 100 airplanes. JSX has 77 30-seat Embraer […]
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Stocks making the biggest moves after hours: Snap, Gap and more
People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap — Shares of the social media platform jumped more than 6% in volatile after-hours trading after the company’s first-quarter earnings […]
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