Month: July 2022
You can change your Instagram feed so it looks less like TikTok and only shows posts from your friends. Here’s how
Facebook launches his new feature ”Reels” on Instagram in 50 countries around the world. Lorenzo Di Cola | NurPhoto | Getty Images Instagram is catching heat for copying rival TikTok. On Monday, Kylie Jenner and Kim Kardashian both posted stories that read: “Make Instagram Instagram Again. Strop trying to be tiktok I just want to […]
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Costco is well positioned for inflation and shifts in consumer spending, Jefferies says
Costco is one of the best bets for investors to navigate a turbulent period for consumer stocks, according to Jefferies. Retail stocks were under pressure on Tuesday morning after Walmart lowered its guidance , saying that inflation was changing consumer spending and forcing the company to lower prices to move some items, such as apparel. […]
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Coca-Cola’s earnings top expectations as sales volume recovers from pandemic
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the beverage giant’s sales at restaurants, theaters and other venues recovered from the pandemic. Here’s what the company reported, versus what Wall Street analysts surveyed […]
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Home price growth slowed for the second straight month in May, S&P Case-Shiller says
New homes under construction in Tucson, Arizona. Rebecca Noble | Bloomberg | Getty Images Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage […]
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Shopify stock sinks 15% after company says it will lay off 10% of workers
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify is laying off roughly 1,000 workers, or around 10% of its global workforce, the company announced Tuesday. Shares of Shopify sank more than 15% in early trading following the announcement. In a memo to staff, CEO Tobi Lutke acknowledged he […]
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IMF slashes global GDP forecast as economic outlook grows ‘gloomy and more uncertain’
The International Monetary Fund on Tuesday cut its global growth projections for 2022 and 2023, dubbing the world’s economic outlook “gloomy and more uncertain.” The IMF now expects the world economy to grow 3.2% this year, before slowing further to a 2.9% GDP rate in 2023. The revisions mark a downgrade of 0.4 and 0.7 […]
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Makeup company Glossier to sell its products at Sephora as new CEO pushes to expand reach
Glossier makeup bottles John Sciulli | Getty Makeup company Glossier announced Tuesday that customers will be able to find its popular “Boy Brow” and “Cloud Paint” products at Sephora stores starting next year as it pushes to expand its reach. The move marks Glossier’s first retail partnership and comes after founder Emily Weiss stepped down […]
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Why tech workers are quitting great jobs at companies like Google to fight climate change
Sandy Anuras, the chief technology officer of Sunrun. Photo courtesy Sandy Anuras, the chief technology officer of Sunrun Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change. In some cases, that has meant taking a pay cut. […]
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Allegations of fabricated research undermine key Alzheimer’s theory
Allegations that part of a key 2006 study of Alzheimer’s disease may have been fabricated have rocked the research community, calling into question the validity of the study’s influential results. Science magazine said Thursday that it uncovered evidence that images in the much-cited study, published 16 years ago in the journal Nature, may have been doctored. […]
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5 things to know before the stock market opens Tuesday
Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide U.S. equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see […]
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