Month: September 2022
Barclays downgrades Nike heading into earnings next week, cites slew of challenges for apparel maker
Steer clear of Nike heading into the company’s earnings release next week, Barclays advised. Analyst Adrienne Yih downgraded shares to equal weight from overweight, saying the sports apparel retailer could report “potential low-quality” earnings results next week as it continues to deal with inventory issues. “We downgrade shares of NKE to Equal Weight based on: […]
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Tesla weighs reset for China retail method even as income boom
Tesla is reevaluating the way it sells electrical vehicles in China, its 2nd-major industry, and thinking about closing some showrooms in flashy malls in metropolitan areas like Beijing where visitors plunged all through Covid restrictions, two persons with know-how of the ideas said. The change would place extra emphasis on retailers in significantly less-highly-priced suburban […]
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Biden to urge allied nations for additional Ukraine support at UN Standard Assembly
U.S. President Joe Biden walks to board Air Pressure Just one as he departs for Spain from Munich Intercontinental Airport in Munich, Germany, June 28, 2022. Jonathan Ernst | Reuters UNITED NATIONS — When U.S. President Joe Biden will take the famed speakers rostrum at the United Nations Assembly Hall, he will do so beneath immense […]
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The Fed is now expected to keep raising rates then hold them there, CNBC survey shows
Wall Street finally looks to be embracing the idea that the Federal Reserve will hike rates into restrictive territory and stay at that high rate for a substantial period. That is, the Fed will hike and hold, not hike and cut as many in the markets had been forecasting. The September CNBC Fed Survey shows […]
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Peloton adds $3,195 rowing machine to fitness equipment lineup
Peloton Rowing Machine Courtesy: Peloton Peloton is adding a line of rowing machines to its lineup as the company works through a restructuring to expand its customer base and return to a profit. The fitness machine maker said on Tuesday it’s launching Peloton Row, which starts at $3,195 and is now available for pre-order on […]
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Italy’s banking technique braces for winter electrical power crisis, election spillovers
Italy's banking program braces for wintertime electrical power disaster, election spillovers Resource
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UN secretary general says ‘polluters must pay,’ calls for extra tax on fossil fuel profits
Antonio Guterres photographed in New York last September. On Tuesday, he said fossil fuel firms and their “enablers” needed to be held to account. John Minchillo | Pool | Getty Images News | Getty Images The U.N. secretary general said Tuesday that developed economies should impose an extra tax on the profits of fossil fuel […]
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Amazon memo states ‘Thursday Evening Football’ drew record number of Primary signups for a 3-hour time period
Los Angeles Chargers limited end Gerald Everett (7) for the duration of a 26-property reception in the fourth quarter of an NFL game in between the Los Angeles Chargers and Kansas Metropolis Chiefs on September 15, 2022 at GEHA Area at Arrowhead Stadium in Kansas Metropolis, MO. Scott Winters | Icon Sportswire | Getty Photos […]
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Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
Newcastle United’s Alexander Isak in action with Crystal Palace’s Cheick Doucoure. Lee Smith | Reuters Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in […]
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Here is Bret Taylor’s initial huge technological go at Salesforce because becoming co-CEO last 12 months
Bret Taylor, co-CEO of Salesforce, speaks at the Viva Technologies Convention in Paris on June 15, 2022. Nathan Laine | Bloomberg | Getty Photographs 10 months following his marketing to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the phase at the yearly Dreamforce meeting for the […]
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