Month: February 2023
Biden programs to go after social media and kids’ psychological wellbeing in SOTU speech
U.S. President Joe Biden speaks as he attends the DNC 2023 Wintertime Conference in Philadelphia, Pennsylvania, U.S., February 3, 2023. Elizabeth Frantz | Reuters U.S. President Joe Biden will consider goal at tech businesses and focus on information privateness and on the net security when he provides the annual State of the Union deal with Tuesday night, […]
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Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy
A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least for now. The beleaguered home goods retailer is expecting to receive more than $1 billion in […]
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French lender BNP Paribas stories bumper gain for 2022, boosts stock buy plan
BNP Paribas noted Tuesday a 7% increase in internet money for 2022 and revised up its earnings targets. The French financial institution said internet earnings attributable to shareholders came in at 2.2 billion euros ($2.36 billion) for the fourth quarter, getting its entire-12 months financial gain figure for 2022 to 10.2 billion euros. Analysts had […]
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Hertz fourth-quarter profit beats as costs come down and travel rebounds
Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company also benefited from improved operating performance, CEO Stephen Scherr told CNBC, helping to boost earnings even as revenue came in roughly in line […]
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Credit Suisse upgrades Lockheed Martin, says earnings growth is poised to accelerate
Lockheed Martin can return to growth this year as the outlook for the defense sector strengthens, providing a “meaningful” opportunity for earnings to surprise to the upside, according to Credit Suisse. Analyst Scott Deuschle upgraded the arms company to outperform from underperform. Deuschle also raised his target price to $510 from $427, which implies shares […]
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Billionaire Tesla bull Ron Baron promised multiples on $100 million Twitter financial investment
Billionaire Ron Baron was promised he would make “two to 3 moments” his dollars when he invested $100 million in Tesla CEO Elon Musk’s just take-non-public offer for Twitter, Baron stated Tuesday on CNBC’s “Squawk Box.” Baron has extensive been bullish on Tesla, telling CNBC’s Becky Swift that Musk created Baron “$5 billion so significantly, […]
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State of the Union live updates: Biden faces stubbornly high inflation and divided Congress in yearly tackle
U.S. President Joe Biden speaks during a State of the Union address at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, March 1, 2022. Saul Loeb | Bloomberg | Getty Images U.S. President Joe Biden will confront a divided Congress and stubbornly high inflation when he delivers the yearly Point out of the Union […]
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British isles PM Rishi Sunak overhauls government departments immediately after bumpy 100 days in electric power
U.K. Primary Minister has introduced a mini overhaul of his government as he seeks to reassert his authority immediately after a shaky first 100 times in workplace. Leon Neal | Getty Photos News | Getty Images U.K. Primary Minister Rishi Sunak on Tuesday unveiled a new federal government section focused on strength safety and introduced […]
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Turkey’s President Erdogan declares 3-month state of emergency for quake-hit regions
Turkish President Recep Tayyip Erdogan speaks to press after 7.7 and 7.6 magnitude earthquakes hit southern provinces of Turkey, on February 07, 2023 in Ankara, Turkey. Mustafa Kamaci | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan declared a three-month state of emergency in 10 of the country’s provinces Tuesday. Turkey, and neighboring […]
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Stocks building the largest moves premarket: Chegg, Baidu, Bed Bath & Beyond, Hertz and more
A monitor displays the Hertz symbol for the duration of the Hertz Company IPO at the Nasdaq Market web site in Periods Square in New York, November 9, 2021. Brendan McDermid | Reuters Examine out the corporations producing headlines prior to the bell: Chegg — Shares dropped 22.7% pursuing its earnings report Monday . The […]
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