Month: October 2023
Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street’s quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers across the U.S. Shares fell more than 3% in extended trading. The company’s […]
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Hyundai and Kia to adopt Tesla’s EV charging tech next year
TESLA logo on a charging station on May 26, 2023. Harry Langer | Defodi Images | Getty Images Hyundai Motor and Kia announced Thursday they will soon adopt Tesla’s electric vehicle charging system, beginning in the fourth quarter of 2024 in the United States. Hyundai and Kia join others like Ford and General Motors to […]
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SEC sues to force Musk to testify in Twitter probe
Elon Musk, CEO of Tesla and owner of X, arrives for the Inaugural AI Insight Discussion board in Russell Creating on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Contact, Inc. | Getty Pictures The U.S. Securities and Exchange Fee has sued Elon Musk in an work to compel the billionaire to […]
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Delighted food? Continual need for french fries is fantastic information for U.S. financial state
Image source: Jaromila | E+ | Getty Photographs Individuals are still splurging for a side of fries with their foods. That can have a optimistic browse-via for the overall economy. Frozen potato supplier Lamb Weston Holdings has found the share of customers buying the legendary aspect with rapid meals meals — regarded as the fry […]
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DuckDuckGo CEO testified that Apple was ‘really serious’ about changing Google as default for private browsing
Apple as soon as regarded replacing Google as its default search motor in non-public searching method on its products in favor of DuckDuckGo, in accordance to recently unsealed testimony by the rival look for CEO. “Our just take was that they ended up in fact truly interested in this,” DuckDuckGo CEO Gabriel Weinberg explained, in […]
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Trump seeks dismissal of D.C. election interference scenario, cites ‘presidential immunity’
Previous U.S. President Donald Trump gestures at a Manhattan courthouse, the place he attends the trial of himself, his adult sons, the Trump Corporation and others in a civil fraud situation introduced by point out Attorney Standard Letitia James, in New York City, U.S., Oct 2, 2023. Brendan Mcdermid | Reuters Donald Trump on Thursday […]
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GM’s stock hits three-year low amid UAW strike, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share Thursday for the first time in more than three years amid ongoing strikes by the United Auto Workers union and […]
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Wall Avenue sees the market’s bumpy journey continuing in the 4th quarter. Below are the risks in keep
Traders are just a number of trading times into a month that’s living up to its standing for volatility and quite a few anticipate there will be extra choppiness just before the yr closes out. This 7 days by yourself, the Dow Jones Industrial Ordinary notched its worst working day considering the fact that March, […]
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Why borrowing costs for nearly everything are surging, and what it means for you
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023. SAUL LOEB | Getty Violent moves in the bond market this week have hammered investors and renewed fears of a recession, as well as concerns about […]
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Larger costs are killing the clean energy shares — BofA states these are worth getting
You can find even now benefit to be located among the renewable electricity stocks irrespective of a rout, according to Lender of America. Main renewable stock NextEra Strength Partners trimmed its development forecast earlier this week, sparking a market-off in the cleantech sector that has lasted for a number of days. Its stock tumbled about […]
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