Month: August 2022
Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings
Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Check out the companies making […]
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Long-term unemployment tumbles to its pre-pandemic level, helping to ‘mitigate the risks of labor-market scarring’
Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy. Long-term joblessness is a period lasting at least six months. Those without work that long are exposed to more financial risks, since they’ve generally exhausted […]
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New York polio case is the ‘tip of the iceberg,’ hundreds of others could be infected, health official says
Hundreds of other people could have polio after an adult in a suburb of New York City caught the virus and suffered paralysis last month, the state’s top health official said this week. New York State Health Commissioner Mary Bassett warned that the confirmed polio case in an unvaccinated adult, coupled with the detection of […]
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Cloudflare soars after beating on revenue and raising annual forecast
Cloudflare Co-Founder and CEO Matthew Prince speaks on stage at TechCrunch Disrupt Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images Entertainment | Getty Images Cloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts’ […]
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Israeli strikes on Gaza kill 8, including senior militant
A Palestinian firefighter fights the blaze amid the destruction following an Israeli air strike on Gaza City, on August 5, 2022. Mohammed Abed | AFP | Getty Images Israel unleashed a wave of airstrikes in Gaza on Friday, killing at least eight people, including a senior militant, and wounding another 40, according to Palestinian officials. […]
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Watch live: Schumer takes questions on massive climate, tax bill after securing Democratic support
[The stream is slated to start at noon ET. Please refresh the page if you do not see a player above at that time.] Senate Majority Leader Chuck Schumer, D-N.Y., is set to hold a press conference Friday on Democrats’ marquee legislation to tackle tax reform, health care and climate change. Schumer will speak after […]
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Bed Bath & Beyond is discontinuing a private brand as it tries to reverse declining sales
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the […]
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Here’s where the jobs are for July 2022 — in one chart
Zoom In IconArrows pointing outwards Bureau of Labor Statistics The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector, which has been grappling with labor shortages. The leisure and hospitality sector saw the most jobs growth, with 96,000 payrolls added in July, […]
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Sell Paramount as macro challenges mount, JPMorgan says
It’s time to sell shares of Paramount , as investors can expect greater macro challenges ahead for the legacy media company, according to JPMorgan. “Today we downgrade Paramount to Underweight from Neutral with a $25 price target due to softer DTC revenue and higher losses this year, as well as an expectation of weakening EBITDA […]
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Liz Cheney urges the Justice Department to prosecute Trump if it finds evidence of crimes
US Republican Representative Liz Cheney speaks during the third hearing of the US House Select Committee to Investigate the January 6 Attack on the US Capitol, on Capitol Hill in Washington, DC, on June 16, 2022. Olivier Douliery | AFP | Getty Images WASHINGTON — Rep. Liz Cheney urged the Justice Department on Thursday to […]
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