Month: August 2023
Shares of HP fall 8% subsequent revenue miss
Enrique Lores, CEO, HP Scott Mlyn | CNBC Shares of HP fell a lot more than 8% on Wednesday morning just after the printer and Personal computer maker introduced fiscal 3rd-quarter earnings that underwhelmed Wall Avenue. HP documented $13.2 billion in revenue, down below the $13.37 billion envisioned by analysts, in accordance to Refinitiv. Adjusted […]
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Judge orders default judgment, sanctions versus Rudy Giuliani in election workers’ lawsuit
Rudy Giuliani speaks exterior the Fulton County jail, Wednesday, Aug. 23, 2023, in Atlanta. Brynn Anderson | AP A federal judge on Wednesday issued a default judgment versus former Trump attorney Rudy Giuliani and imposed sanctions on him in a civil conspiracy lawsuit submitted by two Ga election workers he had claimed mishandled ballots in […]
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Hurricane Idalia slams Florida coast with ‘catastrophic’ storm surge, damaging winds
Reporters wade through flood waters in downtown Tarpon Springs, Florida, after Hurricane Idalia passed offshore, Aug. 30, 2023. Joe Raedle | Getty Images Hurricane Idalia is moving inland after slamming into Florida’s Big Bend coast Wednesday morning as an “extremely dangerous” storm with maximum sustained winds of more than 100 miles per hour. The National […]
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Jack Daniel’s maker Brown-Forman reports lagging whiskey sales, narrower profit
Jack Daniels Tennessee Whiskey Getty Images Jack Daniel’s maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman Jack. Sales for […]
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Opioid overdose antidote Narcan will be widely available over the counter next week
The opioid overdose antidote Narcan will be available over the counter in the coming days, a move that’s hoped to increase access to the lifesaving medication amid the country’s worsening opioid epidemic. Emergent BioSolutions, which makes the drug, said Wednesday that shipments were on their way to major retailers, including Walgreens, Walmart, Rite Aid and CVS. It […]
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Warner Bros. Discovery names Mark Thompson CEO and chairman of CNN
Mark Thompson speaks in the course of the CNBC Evolve New York occasion on June 19, 2019. Astrid Stawiarz | CNBC Mark Thompson is stepping in as the subsequent CEO and chairman of CNN. Dad or mum organization Warner Bros. Discovery claimed Wednesday it appointed Thompson as the future chief of the cable news network, […]
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U.S. position advancement slowed sharply to 177,000 in August, under anticipations, ADP claims
A ‘help wanted’ signal is shown in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty Visuals Job development in the United States slowed extra than anticipated in August, according to ADP, a signal that the surprisingly resilient U.S. financial system may possibly be setting […]
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U.S. Commerce Secretary Raimondo phone calls on China to offer far more predictability for company
US Commerce Secretary Gina Raimondo (C) talks to US Ambassador to China Nick Burns (L) as they head to a assembly with Chinese Premier Li Qiang at the Great Hall of the Folks in Beijing on August 29, 2023. Andy Wong | Afp | Getty Pictures BEIJING — U.S. Commerce Secretary Gina Raimondo has called […]
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European marketplaces shed early gains on Germany and Spain details Orsted down 20%
Daniel Sorabji | AFP | Getty Photographs LONDON — European inventory markets drop early gains Wednesday as buyers assess financial data from Spain and Germany. The pan-European Stoxx 600 index pared early gains with a .2% fall. Sectors had been unfold throughout optimistic and destructive territory, with banking companies and insurance policy stocks each up […]
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The Lender of England is going through significant losses on its bond purchases — and it truly is set to get a great deal even worse
A member of the general public walks by weighty rain in close proximity to the Bank of England in Could 2023. Dan Kitwood | Getty Photos News | Getty Illustrations or photos The Lender of England’s losses on bonds purchased to shore up the U.K. financial system right after the fiscal crisis will be “materially […]
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