Month: July 2022
IBM second-quarter results beat on top and bottom lines
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images IBM issued second-quarter results on Monday that were better than expected. However, the stock dropped in extended trading after the company trimmed its forecast for cash flow. […]
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Harris, Newsom engage with donors as possible 2024 bids loom if Biden doesn’t run
U.S. President Joe Biden and Vice President Kamala Harris enter the Rose Garden to sign into law H.R. 55, the “Emmett Till Antilynching Act” during a ceremony at the White House in Washington, March 29, 2022. Kevin Lamarque | Reuters President Joe Biden’s allies are quietly meeting with party officials and donors ahead of the […]
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Trump election meddling grand jury subpoenas Republican Rep. Jody Hice of Georgia
Rep. Jody Hice, R-Ga., walks down the House steps of the Capitol on Thursday, April 28, 2022. Bill Clark | Cq-roll Call, Inc. | Getty Images A Georgia special grand jury that is investigating former President Donald Trump for possibly criminal interference in that state’s 2020 election issued a subpoena seeking testimony Tuesday from Rep. […]
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Netflix investors brace for subscriber losses as company works on long-term fixes
Jakub Porzycki | Nurphoto | Getty Images Netflix reports its second-quarter earnings Tuesday, and the run-up feels like hurricane preparation. A storm is coming. It’s probably going to be bad. Shareholders are praying the foundation is sturdy enough to withstand the damage. Netflix remains the world’s largest streaming service, but the company reported its first […]
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Deutsche Bank downgrades General Motors, cites looming pricing risks to automakers
Vehicle makers have struggled amid an ongoing global supply chain crisis, and weakening demand for cars as recession fears mount could spell further trouble for General Motors , Deutsche Bank said. “In conjunction with this 2Q earnings preview, we are downgrading GM to Hold from Buy, amid eventual pricing risk to automakers and the absence […]
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9/11 families condemn Trump for hosting Saudi-funded LIV golf tournament at his NJ club
Donald J. Trump speaks during a press conference at the Trump National Golf Club in Bedminster of New Jersey, United States on July 7, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Families and survivors of the 9/11 terrorist attacks criticized former President Donald Trump for hosting an upcoming tournament for the Saudi-funded LIV […]
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Smartphone shipments fell 9% in Q2, but Apple iPhone remains in high demand despite inflation pressure
Customers look at the iPhone13 smartphones at apple’s flagship store in Shanghai, China. Xing Yun | Future Publishing | Getty Images Shipments of Apple’s iPhone remain strong despite regional uncertainty and economic headwinds that dragged global phone shipments down 9% year over year in the second quarter, according to new data from research firm Canalys. […]
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Goldman Sachs is looking at reinstating year-end job cuts as economic outlook dims
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Goldman Sachs has slowed its hiring and is looking to cut the fees that it pays vendors as the investment bank prepares for tougher times ahead. But New York-based Goldman […]
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Flights suspended at London airport after runway damaged during heat wave
A sign reading “Welcome to Luton” is seen from an aircraft on arrival to Gatwick Airport, London, Britain, May 23, 2022. Tom Nicholson | Reuters Extreme heat in the U.K. on Monday caused runway damage and disrupted military and civilian flying, airport officials said. A heat wave has engulfed much of Western Europe, with temperatures […]
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Stocks making the biggest moves midday: Goldman Sachs, Delta, Boeing, Tesla and more
David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs – The bank stock jumped 3% after the company posted […]
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