Month: April 2022
Rent the Runway CEO sees inflation as a competitive advantage for the company
Rent the Runway sees the more than 2 million weddings planned for this year, and all the parties that come with them, as being a massive boon to its business. Plus, according to co-founder and Chief Executive Jennifer Hyman, Rent the Runway is reaping the benefits of consumers seeking value and stability during times of […]
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Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in […]
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Peloton activist Blackwells Capital takes aim at new CEO, again pushes for sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Activist Blackwells Capital is reiterating its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy, according to a new […]
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What stock pickers need to know about this earnings season, which could see some big misses
First quarter earnings season is here, and companies are expected to report fewer beats, more misses and more pressure on margins. Source
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Russia’s war in Ukraine threatens to hurt billions, UN warns as food and energy prices soar
Russia’s war in Ukraine is already taking a dramatic toll on the world economy and placing a huge swath of the world’s population, especially those in developing nations, at an increased risk of harm, the United Nations warned Wednesday. The crisis has caused a “perfect storm” of disruptions to global food, energy and financial markets […]
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Russian oligarch Roman Abramovich has $7 billion in assets frozen in Jersey in latest Ukraine fallout
Chelsea owner Roman Abramovich looks on after their 3-1 win in the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images Authorities in the island country of Jersey froze assets valued at more than $7 billion that are suspected of being […]
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How Google plans to use 100% carbon-free energy in its data centers by 2030
Google’s data centers around the world use about twice as much electricity as the city of San Francisco. In total, Google used 15.5 terawatt hours of electricity in 2020 and the majority of that goes to its data centers. (It hasn’t made 2021 figures available.) The amount of energy Google uses is growing as overall […]
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Trump White House aide Mark Meadows removed from North Carolina voter rolls amid fraud investigation
Mark Meadows Chris Kleponis | SIPA | Bloomberg | Getty Images Former Trump White House chief of staff Mark Meadows has been removed from the voter rolls of North Carolina amid an investigation into whether he illegally registered to cast his ballot in that state for the 2020 presidential election. The Macon County, North Carolina, […]
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Here are Google’s most important US real estate investments in 2022
Google has dozens of real estate projects around the U.S., and it says at least 20 key projects will receive investments this year to the tune of nearly $10 billion. In a blog post Wednesday, Alphabet and Google CEO Sundar Pichai highlighted country-wide offices and data centers either under construction or opening in 2022. In […]
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Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy later this year
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., listens during a Business Roundtable CEO Innovation Summit discussion in Washington, D.C., Dec. 6, 2018. Andrew Harrer | Bloomberg | Getty Images The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to […]
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