Month: July 2022
Amazon reducing its private-label items as sales fall: WSJ
A fast-moving conveyor belt moves a package through a scanning machine on its way to a delivery truck during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, U.S., November 29, 2021. Mike Segar | Reuters Amazon has started reducing the number of items it sells under its own brands amid weak […]
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UK issues ‘Red Extreme’ heat warning as parts of country brace for temperature surge
An office worker carries a large fan in central London on July 12, 2022. On Friday, the Met Office issued a Red Extreme heat warning for parts of the country. Yui Mok | PA Images | Getty Images The U.K. on Friday issued a “Red Extreme” heat warning, with authorities saying temperatures could potentially hit […]
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Citigroup tops profit estimates as bank benefits from rising interest rates, shares pop 4%
Jane Fraser, CEO of Citi, says she is convinced Europe will fall into recession as it faces the impact of the war in Ukraine and the resultant energy crisis. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that beat analysts’ expectations for profit and revenue as the firm benefited […]
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Amusement parks like Six Flags, Disney and Universal spend millions on safety
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Though the amusement park industry has been around since the 1550s, rides are not federally regulated. State regulation only began in 1981. At Six Flags, along with many other parks, safety costs millions. That includes adherence to international safety standards and internal […]
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At amusement parks like Six Flags and Disney, safety is a multimillion-dollar business
At amusement parks like Six Flags, Disney World and Universal — safety is a multimillion-dollar business. Injuries and deaths are becoming increasingly rare, with fewer than 1 injury per million rides in 2019, according to the National Safety Council. Ride-related injuries dropped by more than 60% between 2004 and 2019, according to the International Association […]
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Bernstein calls medical tech company Dexcom a clear buy, citing a long-term runway for diabetes management
Medical tech company Dexcom is primed for big gains ahead, Bernstein said Friday. The firm initiated Dexcom with an outperform rating and a price target of $105 per share. That target represents a roughly 37% upside from where shares of the company closed at $76.50 on Thursday. “DXCM is a clear buy over a 1-/2-year […]
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Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Pinterest and others
Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s stock rose 1.7% in the premarket after its quarterly earnings and revenue beat forecasts, and it raised its full-year outlook. The company’s results were helped in part by a strong performance at its Optum health care services unit. Wells Fargo […]
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Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop 3%
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the firm set aside funds for bad loans and was stung by declines in its equity holdings. Here are the numbers: Earnings per share: 74 cents, including an 8 cent per share […]
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Amazon Prime Day shoppers buy up diapers, snacks as inflation shifts consumer habits
Instant Pots and Roombas are typically hot selling items during Amazon’s Prime Day event. But this year, consumers were more interested in dishwasher pods, diapers and snacks. Looking at some of the most popular items items during Amazon’s two day discount event, which wrapped late on Wednesday, provides a window into how record high inflation […]
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Amazon plans 4,000 more jobs in the UK this year, defying tech downturn
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images Amazon announced Friday it would create more than 4,000 permanent jobs in the U.K. in 2022, defying a wave of job cuts in the tech industry. The roles will include job functions in software development, product management, and engineering, as well as operational duties […]
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