Month: February 2023
Airbnb beats on earnings and revenue, stock is up
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Shares of Airbnb rose about 9% in extended trading Tuesday soon after the corporation introduced fourth-quarter earnings that conquer analysts’ estimates on top rated and base strains. This is how the company did: EPS: 48 cents vs. 25 cents predicted by analysts, according to […]
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Baupost’s Seth Klarman hikes his Meta, Amazon stakes suitable in advance of the huge rebound
Baupost’s Seth Klarman drastically amplified his stake in some of the most important technological innovation organizations in the fourth quarter, just in advance of the team staged a big comeback, according a new regulatory submitting. The hedge fund manager more than doubled his holding in Google father or mother Alphabet , creating it his seventh most important […]
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Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. Inflation doesn’t appear to be going down anytime soon, although price increases have been subsiding since the June 2022 peak. The consumer price index, which measures a basket of common goods and services, […]
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The IRS has issued nearly 8 million tax refunds. Here’s the average payment
Bill Oxford | E+ | Getty Images The tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported. The average refund amount was $1,963, down from last year’s payment of $2,201 at the same point in the filing season. Of course, […]
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Ford’s latest EV blunder increases the odds we’ll drop the stock, if there’s no progress this quarter
Ford Motor (F)’s decision to halt production and shipments of its electric pickup truck further undermines our confidence in the automaker. We have little patience left for more missteps and are ready to ditch this long-held holding if there isn’t a significant turnaround this quarter. The company on Tuesday announced it had issued a stop-shipment […]
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Democratic Sen. Dianne Feinstein to retire, opening up California seat
Sen. Dianne Feinstein, D-Calif., listens to Peiter Mudge Zatko, former head of security at Twitter, testify in the course of the Senate Judiciary Committee hearing titled Information Protection at Hazard: Testimony from a Twitter Whistleblower, in Hart Setting up Tuesday, September 13, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Illustrations or photos Sen. […]
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Russian forces have relocated at minimum 6,000 Ukrainian children to camps since start out of war, new report states
WASHINGTON — Russian forces have moved at the very least 6,000 Ukrainian little ones to camps and facilities throughout Russia for compelled adoptions and navy teaching, in accordance to a new report. The allegations specific in the 35-web page report, this kind of as the abduction or detention of kids, may well constitute war crimes […]
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Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT – Ford Motor has paused production and shipments of its electric F-150 Lightning pickup due to a potential battery issue, the company said Tuesday. Ford spokeswoman Emma Bergg declined […]
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Republican FTC Commissioner Wilson announces resignation, saying Chair Khan has a ‘disregard for the rule of law’
Christine Wilson, nominee to serve on the Federal Trade Fee, testifies throughout a Senate Commerce, Science, and Transportation Committee confirmation hearing in Hart Building on February 14, 2018. Tom Williams | Cq-roll Contact, Inc. | Getty Illustrations or photos Christine Wilson, the sole remaining Republican on the Federal Trade Commission, declared Tuesday she designs to […]
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