Day: October 25, 2022
Doctors decry ‘record profits’ for fossil fuel companies as climate change weighs on global health
A man wearing a mask rows his boat as smoke from wildfires covers Seattle, Washington REUTERS/Karen Ducey Doctors are taking aim at the fossil fuels industry, placing blame for the world’s most dire health problems on the companies that continue to seek oil and gas profits even as climate change worsens heat waves, intensifies flooding […]
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LeBron James, Kevin Durant and other big names invest in Fanatics lifestyle brand Mitchell & Ness
Fanatics bought Mitchell & Ness in February of 2022. Source: Fanatics Some of the biggest names in sports and entertainment are investing in Fanatics’ lifestyle clothing brand, Mitchell & Ness. Fanatics CEO Michael Rubin said the new ownership group will include LeBron James, Kevin Durant, Chris Paul, CJ McCollum, Devin Booker, James Harden, Joel Embiid, […]
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Crypto winter is hurting Google’s advertisement empire
A cryptocurrency value crash and the onset of a new so-referred to as “crypto wintertime” has left numerous businesses in the industry struggling with a liquidity disaster. Artur Widak | Nurphoto | Getty Images Not even Google is immune from the Crypto winter. In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s chief business […]
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Stock futures drop right after Alphabet reviews earnings pass up
A trader operates on the flooring of the New York Inventory Exchange (NYSE), October 7, 2022. Brendan McDermid | Reuters U.S. stock futures fell on Tuesday evening right after disappointing third-quarter outcomes from Alphabet marked a foreboding get started to Major Tech earnings this week. Dow Jones Industrial Normal futures fell by 75 factors, or […]
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Jim Cramer says the U.S. dollar’s decline helped drive Tuesday’s market gains
CNBC’s Jim Cramer credited the fall in the U.S. dollar with helping stocks close higher on Tuesday. “It’s time to recognize that the dollar’s in charge. Today, at least, the dollar rally took a break, which means the bears took a break, too. If the greenback keeps pulling back, maybe they’ll go into hibernation,” he […]
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Cramer’s lightning round includes a fintech ‘on the road to redemption’
PayPal (PYPL): “PayPal did very well today. They are already on the road to redemption.” MicroVision (MVIS): “It’s a $3 stock. It’s a dice roll. It could go down $3. Stocks stop at zero. It is losing a lot of money. So therefore, it’s not my cup of tea.” Verizon (VZ): “Verizon’s got that big […]
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YouTube’s shrinking advertisement company is an ominous sign for the battered on-line advert industry
A YouTube logo noticed at the YouTube Place LA in Playa Del Rey, Los Angeles, California, United States Oct 21, 2015. Lucy Nicholson | Reuters The online advertising sector continues to experience, as heavyweights Alphabet and Microsoft reported disappointing profits in the course of their most the latest quarters on Wednesday. YouTube promoting revenue dropped […]
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Stocks making the greatest moves after several hours: Alphabet, Microsoft, Texas Devices and more
The emblem of Alphabet Inc’s Google outside the house the company’s business office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Look at out the businesses creating headlines immediately after hours. Alphabet — The search engine father or mother dropped 5.8% soon after Alphabet missed third-quarter earnings anticipations, and described a decline in […]
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Spotify shares dip soon after third-quarter earnings report
Budrul Chukrut | LightRocket | Getty Visuals Spotify shares fell about 7% prolonged trading Tuesday soon after reporting a 3rd-quarter decline that was wider than analyst expectations. Here is how the corporation did: Decline for each share: 99 euro cents vs. an believed loss of 85 euro cents for each share as anticipated by analysts, according […]
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Chipotle says price hikes lift revenue as customer visits slip
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw “minimal resistance” to higher menu prices during […]
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