Month: March 2023
Fed’s Powell heads to Capitol Hill this week, and he’s likely to have his fingers full
U.S. Federal Reserve Chairman Jerome Powell testifies through the Senate Banking Committee hearing titled “The Semiannual Monetary Plan Report to the Congress”, in Washington, U.S., March 3, 2022. Tom Williams | Reuters Federal Reserve Chairman Jerome Powell appears in advance of Congress with a tall activity: Convince legislators that he is dedicated to bringing down […]
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Paramount Global considers selling majority stake of BET Media Group, sources say
Shari Redstone, chairwoman of ViacomCBS and president of National Amusements, and Bob Bakish, President and CEO of ViacomCBS, celebrate their company’s merger at the Nasdaq MarketSite in New York, December 5, 2019. Brendan McDermid | Reuters Paramount Global is considering selling a majority stake of BET Media Group, the owner of the BET cable network […]
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Atheists stay clear of — for now — Supreme Court evaluation of Florida shooting prayer vigil lawsuit
The Supreme Court docket handed a team of atheists a gain on Monday when it declined to choose a situation trying to get to block their lawsuit above a 2014 prayer vigil organized by the city of Ocala, Fla., to mourn victims of drive-by shootings that injured several little ones. But the victory could be […]
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Companies that give up inventory buybacks for 5 several years will get preferential cure in $52 billion beneath CHIPS application, Commerce Secretary Raimondo states
WASHINGTON — U.S. Commerce Secretary Gina Raimondo mentioned corporations that voluntarily agree to forgo stock buybacks for 5 yrs will get preferential treatment method when the company doles out $52 billion licensed under the CHIPS and Science Act. Raimondo claimed stock buybacks is a person element currently being taken into thing to consider as component […]
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Prosecutors in Alec Baldwin ‘Rust’ shooting case are getting heat over apparent missteps
Actor Alec Baldwin departs his home, as he will be charged with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of the movie “Rust”, in New York, January 31, 2023. David Dee Delgado | Reuters It’s been just over a month since New Mexico authorities charged Alec Baldwin with manslaughter […]
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Norfolk Southern makes broad safety adjustments after third train derailment
This photo taken with a drone shows the continuing cleanup of portions of a Norfolk Southern freight train that derailed Friday night in East Palestine, Ohio, Thursday, Feb. 9, 2023. Gene J. Puskar | AP Hours after a 28-car Norfolk Southern train derailed Saturday in Springfield, Ohio — the third incident for the freight railroad […]
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Jim Cramer’s Investing Club meeting Monday: Fed and jobs, China reopening, Eli Lilly
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Fed and jobs report Stick with China reopening stocks Watch Eli Lilly 1. Fed and jobs report Stocks were trading higher Monday as investors look ahead to Federal Reserve commentary […]
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Stocks creating the biggest moves midday: Snap, Apple, Boeing and additional
In this posting DPZ EMR RH BMRN SNAP AAPL CSG.N-CH Observe your favorite sharesCreate Cost-free ACCOUNT Look at out the organizations producing headlines in midday investing. An Apple shop on Nanjing Road Pedestrian Street in Shanghai, China, on December 16, 2022. CFOTO | Potential Publishing | Getty Pictures Snap — The tech company’s shares gained […]
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Marlboro maker Altria agrees to buy e-cigarette startup NJOY for nearly $2.8 billion
In a bid to strengthen its portfolio of smoke-free products, Altria Group said Monday it would buy e-cigarette startup NJOY for $2.75 billion. Altria, which makes Marlboro cigarettes, will have full global ownership of NJOY’s e-vapor product portfolio, including NJOY ACE, the only pod-based e-vapor product with market authorizations from the FDA. “We believe we […]
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Toblerone chocolate to slice iconic Matterhorn brand from packaging due to ‘Swissness’ regulations
Toblerone chocolate bars with a representation of the Matterhorn mountain (again) and of a generic mountain (front) in Geneva. The Swiss Matterhorn peak will be eradicated when some of the chocolate’s production is moved from Switzerland to Slovakia and replaced by a more generic mountain below rigorous “Swissness” rules. Fabrice Coffrini | Afp | Getty […]
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