Month: October 2022
Citigroup reports 25% drop in 3rd-quarter income but tops earnings anticipations
Critical Points The lender noted $18.51 billion in profits vs . the $18.25 billion envisioned by analysts, in accordance to Refinitiv. This was up 6% calendar year more than calendar year. Net money fell 25% year more than yr. Citigroup shares have slumped 29% this year, leaving it by considerably the lowest-valued among its U.S. […]
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Beyond Meat to cut 19% of its workforce as sales, stock struggle
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing. The cuts are expected to be completed […]
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U.S. satellite giant Viasat’s $7.3 billion takeover of British isles rival Inmarsat faces in-depth competitors probe
The places of work of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Photographs The U.K.’s opposition regulator released an in-depth probe into American satellite world wide web business Viasat’s $7.3 billion deal to purchase British rival Inmarsat. The Competitiveness and Markets Authority on Friday referred the takeover for a so-identified […]
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Oil protesters arrested just after throwing tomato soup at Van Gogh portray
Activists of “Just End Oil” glue their palms to the wall right after throwing soup at a van Gogh’s painting “Sunflowers” at the Countrywide Gallery in London, Britain October 14, 2022. Just Halt Oil | Reuters LONDON — Two activists from marketing campaign team Just End Oil were arrested Friday immediately after throwing tomato soup […]
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NFL Sunday Ticket still up for grabs as Apple pushes for flexibility with game rights
Kansas City Chiefs quarterback Patrick Mahomes (15) is sacked by Los Angeles Chargers linebacker Drue Tranquill (49) in the first quarter at Arrowhead Stadium on Thursday, Sept. 15, 2022, in Kansas City, Missouri. Tammy Ljungblad | Tribune News Service | Getty Images The National Football League season is heading into Week 6, and it’s still […]
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Consumer spending was flat in September and below expectations as inflation takes toll
Customers shop at the GU Co. store in the SoHo neighborhood of New York, US, on Friday, Oct. 7, 2022. Gabby Jones | Bloomberg | Getty Images Consumer spending was flat in September as prices moved sharply higher and the Federal Reserve implemented higher interest rates to slow the economy, according to government figures released […]
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Abbott has a new glucose monitor for diabetics — It truly is so compact I forgot I was putting on it
For 25 several years, I’ve had Form 1 diabetes. Like the tens of thousands and thousands of People in america with diabetes, just one of the most essential points I have to do to remain wholesome is make absolutely sure my blood sugar is in typical array. Continual glucose displays (CGMs) let diabetics to track […]
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BMO cuts 2022 year-end S&P 500 outlook, saying it underestimated inflation
BMO Capital Markets chief investment strategist Brian Belski cut his 2022 year-end stock market forecast after saying he underestimated the impact inflation would have on markets. Belski said he lowered his S & P 500 price target to 4,300 from 4,800 — which would imply a rebound of roughly 17% in the fourth quarter from […]
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Beyond Meat exec Doug Ramsey leaves company after arrest for allegedly biting man’s nose, punching Subaru
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey, who had been suspended following an arrest for assault, has left the company. Ramsey left the company effective Friday, weeks after he was arrested for allegedly biting a man’s nose following a college football game in Arkansas, the company said in a […]
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Morgan Stanley posts 3rd-quarter profit pass up as investment banking earnings collapses 55%
Vital Factors Right here are the numbers: Earnings of $1.47 a share, when compared with $1.49 estimate of analysts surveyed by Refinitiv Revenue of $12.99 billion, in comparison with the $13.3 billion estimate Shares of the financial institution slumped 2.8% in premarket investing. Supply
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