Month: May 2022

Watch live: U.S. health officials hold Covid briefing as cases and hospitalizations soar again
Health

Watch live: U.S. health officials hold Covid briefing as cases and hospitalizations soar again

[The stream is slated to start at 10:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] Senior U.S. health officials are holding a Covid-19 press conference for the first time in over a month, as infections and hospitalizations are on the rise as more transmissible omicron […]

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We’re selling half of a retail holding to get into an undervalued health care stock
Business

We’re selling half of a retail holding to get into an undervalued health care stock

The high grading of our portfolio continued Wednesday morning, with the moves made on American Eagle Outfitters and Johnson & Johnson. Source

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EV battery costs could spike 22% by 2026 as raw material shortages drag on
Business

EV battery costs could spike 22% by 2026 as raw material shortages drag on

Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to produce electric vehicles is primed to surge over the next four years, according to a new report, the result of scarcity […]

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Goldman Sachs CEO advises clients to be cautious because Fed policy has unpredictable consequences
Finance

Goldman Sachs CEO advises clients to be cautious because Fed policy has unpredictable consequences

Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve’s moves to combat inflation could result in recession or other negative consequences. Higher interest rates and a reversal in the Fed’s bond-buying programs are “going to have an impact on a number of things in […]

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Amazon accused of discrimination against pregnant and disabled workers in New York
Technology

Amazon accused of discrimination against pregnant and disabled workers in New York

Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York Gov. Kathy Hochul on Wednesday announced the Division of Human Rights has filed a complaint […]

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A CEO opened up about a divorce – and learned a valuable work lesson
World

A CEO opened up about a divorce – and learned a valuable work lesson

Jackie Stevenson, Global CEO of creative agency The Brooklyn Brothers, shares her career-defining lightbulb moment with CNBC’s “My Biggest Lessons.” It’s generally accepted that our work and personal lives should be kept completely separate — especially if you’re a CEO.  However, Jackie Stevenson, CEO of creative agency The Brooklyn Brothers, challenges that notion, arguing that […]

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Target shares sink 25% after company says high costs, inventory woes hit profits
Business

Target shares sink 25% after company says high costs, inventory woes hit profits

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 25% in early trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with […]

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Equal pay for all: U.S. Soccer reaches historic bargaining agreement with women’s and men’s teams
Business

Equal pay for all: U.S. Soccer reaches historic bargaining agreement with women’s and men’s teams

Crystal Dunn, Rose Lavelle, Christen Press, Megan Rapinoe and Alex Morgan of Team United States celebrate following their team’s victory in the penalty shoot out after the Women’s Quarter Final match between Netherlands and United States on day seven of the Tokyo 2020 Olympic Games at International Stadium Yokohama on July 30, 2021 in Yokohama, […]

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Amazon just announced a new  tablet
Technology

Amazon just announced a new $60 tablet

Amazon Fire 7 tablet Source: Amazon Amazon announced the latest version of its Fire 7 tablet on Wednesday. At $59.99, the tablet is slightly more expensive than its predecessor, but the company is promising longer battery life. Amazon’s Fire tablets have served as a cheaper alternative to Apple’s iPad, but it isn’t a huge business […]

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5 things to know before the stock market opens Wednesday
Business

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, […]

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