Month: June 2022
Consumers spend an average $133 more each month on subscriptions than they realize, study shows
Jose Luis Pelaez Inc | DigitalVision | Getty Images There’s a decent chance you don’t have a good handle on how much your subscriptions are really costing you. Consumers’ offhand guess of how much they spend monthly on subscriptions averaged $86, according to a survey commissioned by market research firm C+R Research. Yet when asked […]
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Stocks making the biggest moves premarket: Hormel, Ciena, GameStop and more
Check out the companies making headlines before the bell: Hormel (HRL) – Hormel added 1.7% in premarket trading after beating top and bottom-line estimates for its latest quarter. The company behind the Spam, Dinty Moore and Jennie-O food brands backed its earlier full-year sales guidance and also said its moves to mitigate inflation and supply […]
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Thousands gather to salute Queen Elizabeth as Platinum Jubilee celebrations begin
Visitors walk along the Mall towards Buckingham Palace ahead of the Queen’s Platinum Jubilee celebrations in central London, UK, on Wednesday, June 1, 2022. The bank holiday to celebrate Queen Elizabeth IIs 70 years on the throne may tip the UK economy into contraction but growth into subsequent months will save it from a recession. […]
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Walmart bets on its thousands of stores as it seeks to take e-commerce market share from Amazon
BENTONVILLE, Arkansas — Walmart’s cavernous stores are known for aisles of low-priced groceries, paper towels and apparel. Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for […]
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D.A. Davidson sees more downside for Rivian shares as EV maker tries to ramp up production
The production ramp-up for Rivian is too uncertain for investors to back the company, according to investment firm D.A. Davidson. Analyst Michael Shlisky initiated coverage of the electric vehicle stock with an underperform rating, saying in a note to clients on Wednesday evening that there is too much execution risk for new auto companies in […]
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Piper Sandler downgrades Pinterest and Snap, says digital ad sector won’t bounce back soon
Two beaten-down internet stocks could be in for an extended struggle with the digital advertising market in flux, according to Piper Sandler. Analyst Thomas Champion downgraded Snap and Pinterest to neutral from overweight, saying that advertising-dependent stocks are not great rebound candidates for investors. “After a strong two-year stretch, digital ad spend looks to be […]
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Russia takes majority control of key Ukrainian city; Moscow calls U.S. weapons package ‘direct confrontation.’ Follow our live updates
Russian forces in control of most of Sieverodonetsk: U.K. Russia has made significant gains in a strategic city in Ukraine’s Donbas, the eastern-most city that was still under Ukrainian control and a last Ukrainian holdout in the Luhansk region. “Russia has taken control of most of Sieverodonetsk. The main road into the Sieverodonetsk pocket likely […]
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There’s no quick fix for the airlines, aviation analyst says
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Alexander Irving, an equity research analyst covering European transport at Bernstein, says the aviation industry isn’t prepared for the demand, which has roared back in recent weeks. Source
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WHO says Covid in North Korea is likely ‘getting worse, not better’
A poster depicts a disinfection worker in North Korea in this undated image released May 23, 2022 by the country’s Korean Central News Agency. KCNA | Reuters The World Health Organization has cast doubts on North Korea’s claims of progress in the fight against a Covid-19 outbreak, saying it believes the situation is getting worse, […]
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TerraUSD collapse will ‘probably be the end’ of most algorithmic stablecoins, crypto exec says
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypto assets. Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, […]
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