Month: April 2022
Biden to ask Congress for $33 billion to support Ukraine through September
U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington, D.C., U.S., on Thursday, April 28, 2022. Biden will ask Congress to provide $33 billion for military, economic, and humanitarian aid to Ukraine, as well as the power to seize and sell the assets of wealthy Russians. Samuel Corum | […]
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Comcast shares slump as broadband subscriber growth continues to slow
Comcast reported first-quarter earnings Thursday that beat analyst estimates on the top and bottom lines, though broadband growth continues to slow. Comcast added 262,000 high-speed internet customers in the quarter, above the 229,000 average analyst estimate. But about 80,000 of those subscribers were free Internet Essentials customers who are now counted in the total. Comcast […]
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Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway’s massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. But his recent moves are more notable for what he has avoided investing in — […]
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Analysts head for the exits on Teladoc as stock plunges 46%
Competition will weigh on the telehealth company’s mental health and chronic care businesses, analysts said. Source
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What Ford, a 9-to-5 workweek pioneer, is learning about the hybrid office
Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021. Aaron J. Thornton | Getty Images After several setbacks and delays due to the Covid-19 pandemic, Ford Motor Co. finally started to welcome its salaried workforce back to its offices earlier this month. It also came alongside a significant shift in workplace policy from […]
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Op-ed: Russia’s war on Ukraine shows the urgent need to move away from fossil fuels as fast as possible
Drift ice – ice flows in the Arctic Ocean, Nordaustlandet, North East Land, Norway. Arterra | Universal Images Group | Getty Images Espen Barth Eide is Norway’s Minister of Climate and Environment. Fatih Birol is the Executive Director of the International Energy Agency. The energy crisis triggered by Russia’s inexcusable aggression against Ukraine has focused […]
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Meta shares surge 15% after Facebook parent beats earnings estimates
Expectations were already low going into Meta’s latest quarterly results, which were a mixed back. Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by […]
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Europe faces recession if Putin fully shuts off the gas taps
Russian state-owned energy giant Gazprom announced that it would halt gas supplies to Poland and Bulgaria after they refused to pay for gas in Russian rubles following the Kremlin’s demands. Andrey Rudakov | Bloomberg via Getty Images Europe could be pushed into recession if Russia’s gas squeeze widens, economists have suggested, after Gazprom cut off […]
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U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. GDP measures the output […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures soar as stocks look to get back on track The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq futures bounced nearly 2% on Thursday, boosted by a 14% pop in […]
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