Month: September 2022
CarMax’s earnings miss is a win in the Fed’s battle against inflation, Jim Cramer says
CNBC’s Jim Cramer on Thursday told investors that used car retailer CarMax’s recent earnings shortfall is good news for the Federal Reserve’s quest to tamp down inflation. “When you look at this quarter from CarMax, it tells you the Fed’s been incredibly successful at eroding consumer confidence,” he said. “[Fed Chair] Jay Powell doesn’t want […]
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Nike’s results offer a clue about the strong dollar and the upcoming earnings season
How has the strong dollar impacted big multinational companies this quarter? Nike ‘s results after the bell on Thursday may offer a good preview of what’s to come as earnings season kicks into a high gear in mid-October. The sneaker and apparel giant saw a currency headwind of about 6 percentage points in its fiscal […]
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Choose does not require Trump to attest that FBI’s listing of seized data is exact
Previous U.S. President Donald Trump attends a rally in Wilkes-Barre, Pennsylvania, September 3, 2022. Andrew Kelly | Reuters A federal judge on Thursday dominated that former President Donald Trump does not have to offer the court docket with a sworn assertion attesting to regardless of whether he thinks the listing of goods seized by the […]
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F1’s Max Verstappen claims the Singapore race is ‘very tough’ but he’s thrilled about its return
Following a two-12 months hiatus many thanks to the pandemic, the Singapore Grand Prix — Method One’s to start with ever night race — is roaring again this Sunday on a circuit that Oracle Crimson Bull’s Max Verstappen suggests he’s thrilled about. “We’re generally incredibly fired up to come listed here simply because the monitor […]
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Jack Dorsey tried to get Elon Musk on Twitter’s board but administrators were being also ‘risk averse,’ texts expose
Elon Musk has served August 22, 2022 former Twitter manager Jack Dorsey with a subpoena in a hunt for content to assistance him get out of purchasing the big social media platform for $44 billion as agreed. Jim Watson | AFP | Getty Visuals Right before the present lawful saga between Twitter and billionaire Elon […]
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Apple VP leaves business soon after vulgar remark goes viral on TikTok
An aerial view of Apple Park is viewed in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Company | Getty Photos Apple’s vice president of procurement, Tony Blevins, has still left the corporation following a TikTok movie showed him producing a vulgar comment about women at a vehicle exhibit. An Apple […]
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NASA is working with SpaceX to explore a private mission to extend the life of the Hubble telescope
This 1990 photograph shows the Hubble Space Telescope being deployed from the space shuttle Discovery on mission STS-31. Source: NASA SpaceX and billionaire astronaut Jared Isaacman are teaming up with the National Aeronautics and Space Administration to study whether a private mission could extend the life of the famed Hubble telescope. NASA signed an agreement […]
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FDA approves controversial new drug designed to slow the progression of ALS
The Food and Drug Administration on Thursday approved a controversial new drug designed to slow the progress of Lou Gehrig’s disease, a victory for patients and advocates despite limited evidence that the drug is effective. The drug, from the Massachusetts-based Amylyx Pharmaceuticals, joins only a handful of drugs approved by the agency for the fatal neurodegenerative disease […]
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Apple downgrade sparks tech provide-off, sending Alphabet and Microsoft to 1-12 months lows
Apple CEO Tim Cook speaks at an Apple particular occasion at Apple Park in Cupertino, California on September 7, 2022. – Apple is anticipated to unveil the new Apple iphone 14. (Image by Brittany Hosea-Little / AFP) (Picture by BRITTANY HOSEA-Smaller/AFP by way of Getty Pictures) Brittany Hosea-little | Afp | Getty Images Shares of […]
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Nike sales rise, but supply chain issues and inventories weigh on earnings
A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply chain issues, as well as declining sales in Greater China, […]
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