Month: January 2023
Ford pickup truck sales in December help narrow overall sales decline
2023 Ford Super Duty F-350 Limited Ford DETROIT — Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight increase in December. The Detroit automaker on Thursday reported sales of more than 1.9 million vehicles in 2022, including […]
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New York AG accuses Celsius ex-CEO Alex Mashinsky of defrauding hundreds of thousands of crypto traders in $20 billion collapse
Key Factors New York legal professional common Letitia James promises that previous crypto CEO Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses at his now bankrupt crypto trade Celsius. James seeks to bar Mashinsky from operating in the securities business or as an govt in New York condition, and […]
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Damar Hamlin showing signs of ‘remarkable improvement,’ the Bills say
A sign sits along a fence outside UC Medical Center where Buffalo Bills safety Damar Hamlin remains hospitalized, Thursday, Jan. 5, 2023, in Cincinnati. Joshua A. Bickel | AP Buffalo Bills safety Damar Hamlin’s brain function appears to be in good condition, the Buffalo Bills tweeted Thursday morning, following days of uncertainty and worry after […]
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Biden to visit U.S.-Mexico border town of El Paso on Sunday as White Household rolls out new immigration rules
US President Joe Biden ways off Air Pressure A person on arrival at New Castle Airport in New Castle, Delaware on Oct 27, 2022. Mandel Ngan | AFP | Getty Photos U.S. President Joe Biden will visit the southern border town of El Paso, Texas, on Sunday to meet up with with neighborhood officials and […]
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Buy this retailer secretly buying back its stock, Bank of America says
RH ‘s acclerated share repurchases over the last few weeks is boosting Bank of America’s confidence in the home furnishings retailer. Analyst Curtis Nagle reiterated his buy rating on the stock in a note to clients Wednesday, highlighting that the company repurchased nearly $400 million of its shares, the largest buyback since 2017. It brings […]
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StitchFix CEO steps down, 20% of salaried workforce to be cut
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC StichFix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as CEO. The brand’s current CEO Elizabeth Spaulding, who joined the company in 2020, will be stepping down effective immediately. “I […]
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CVS and Walgreens will provide mifepristone in pharmacies
Mifepristone (Mifeprex), a single of the two medicines used in a treatment abortion, is exhibited at the Women’s Reproductive Clinic, which supplies authorized medicine abortion expert services, in Santa Teresa, New Mexico, on June 15, 2022. Robyn Beck | AFP | Getty Photographs Walgreens and CVS will promote the abortion pill mifepristone following the Foodstuff […]
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Silvergate Money tanks virtually 40% after crypto financial institution discloses substantial Q4 withdrawals
Pavlo Gonchar | Lightrocket | Getty Pictures Shares of Silvergate Capital sank just about 40% on Thursday soon after the crypto-concentrated lender introduced preliminary fourth-quarter results that confirmed substantial buyer withdrawals. Full deposits from electronic asset customers declined to $3.8 billion from $11.9 billion at the end of the third quarter, a decline of about […]
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Tech work opportunities hit the hardest by layoffs final year: Report
Peopleimages.com | Getty Pictures The technologies business led task cuts in 2022, totaling much more than 97,000 introduced across the sector, in accordance to a report produced Thursday from outplacement expert services company Challenger, Gray & Xmas. That’s up 649% from the nearly 13,000 tech work opportunities that have been lower in 2021, the report […]
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Fed's Esther George sees fees remaining superior at minimum into 2024
Essential Details Kansas Metropolis Federal Reserve President Esther George is advising her colleagues to stay hard in their endeavours to stamp out runaway inflation. Requested no matter if her watch is that the cash charge should keep earlier mentioned 5% into 2024, George replied, “It is for me.” George mentioned she isn’t forecasting a recession […]
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