Month: November 2023
Why sellers say EV gross sales have slowed
Consumers used almost $400 billion on electric powered cars around the world in 2022, and the U.S. is predicted to increase 1 million new EVs to its streets this calendar year. From 2023 to 2027, automotive corporations have fully commited $616 billion in full investments in EVs, in accordance to consulting company AlixPartners. And yet, […]
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Doctors have a new way to scrub personal information from internet after spike in harassment
Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Doximity, the medical website that’s used by more than 80% of U.S. doctors, is now trying to protect its millions of members after a spike in harassment that started during the Covid pandemic. The 13-year-old company has introduced a free […]
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Allstate, Allianz invest $265 million in Up coming Coverage in a large guess on insuretech
A pedestrian walks by an Allstate Insurance coverage place of work on June 09, 2023 in San Francisco, California. Justin Sullivan | Getty Images Information | Getty Pictures Allstate and Allianz are creating a sizable wager on the electronic transformation of the commercial insurance policies current market with a $265 million strategic financial commitment in […]
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Bolivia severs ties with Israel above war in the Gaza Strip, as Columbia and Chile recall ambassadors
Bolivia’s new President Luis Arce’s Presidency Minister Marianela Prada provides a speech through her inauguration ceremony at the Casa Grande del Pueblo governing administration palace in La Paz on November 9, 2020. – Leftist economist Luis Arce assumed the Bolivian presidency experiencing the obstacle of uniting a polarized modern society and reactivating an economic climate […]
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Slow Pizza Hut sales in the U.S. weigh on Yum Brands’ revenue
Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images) Mike Kemp | In Pictures | Getty Images Yum Brands on Wednesday reported quarterly revenue that fell short of analysts’ expectations, hurt by weak same-store sales growth at Pizza Hut. Shares of […]
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Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images As mortgage rates hover near the highest level in more than two decades, homebuyers are turning to riskier mortgage products to help them get into a home. Last week, the average contract interest rate for 30-year fixed-rate […]
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Israel’s ‘second phase’ of war is underway as troops force into Gaza — but it seems intentionally ambiguous
Israel’s navy is increasing its operations in the Gaza Strip, but has prevented contacting it a “ground invasion” in spite of sending tanks into the territory. Which is by design, security analysts say. Saturday marked the begin of the “second phase” of Israel’s war against Hamas, with Israeli Prime Minister Benjamin Netanyahu warning that the fight will […]
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Elon Musk is in the Uk for a pivotal summit on AI — this is who’s likely
X CEO Elon Musk leaves a U.S. Senate bipartisan Synthetic Intelligence Perception Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Mandel Ngan | Afp | Getty Pictures The U.K. kicks off its landmark artificial intelligence summit on Wednesday, with political leaders and bosses of leading AI corporations gathering to hash out […]
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Hanesbrands is shopping Champion — and WHP Global, Authentic Brands Group are both interested in buying
American sportswear fashion brand Champion store seen in Hong Kong. Chukrut Budrul | SOPA Images | Sipa via AP Images Brand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is considering offloading the sportswear line amid pressure from activist investors, CNBC has learned. […]
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CVS results top expectations, lifted by strong health services revenue
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health services business. CVS booked sales of $89.76 billion for the […]
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