Month: July 2024

Inflation falls 0.1% in June from prior month, helping case for lower rates
World

Inflation falls 0.1% in June from prior month, helping case for lower rates

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month […]

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PepsiCo earnings beat estimates, but U.S. demand weakens
Business

PepsiCo earnings beat estimates, but U.S. demand weakens

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. The company also narrowed its revenue outlook for the […]

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Britain’s largest water utility placed under special measures as it grapples with .7 billion debt pile
World

Britain’s largest water utility placed under special measures as it grapples with $19.7 billion debt pile

Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain’s biggest water supplier stepped down with immediate effect on Tuesday. Bloomberg | Bloomberg | Getty Images LONDON — British regulators on Thursday took the unprecedented […]

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Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more
Finance

Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more

Check out the companies making headlines before the bell. Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club […]

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Delta Air Lines CEO Ed Bastian on Q2 results: Stellar performance across the board
Travel

Delta Air Lines CEO Ed Bastian on Q2 results: Stellar performance across the board

CNBC’s Phil LeBeau and Delta Air Lines CEO Ed Bastian join ‘Squawk Box’ to break down the airline’s quarterly earnings results, revenue and seat mile miss, premium travel demand, and more. Source

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Too young for an iPhone? Apple says its watch is ‘a great call for kids’ in new promotion
Technology

Too young for an iPhone? Apple says its watch is ‘a great call for kids’ in new promotion

A shopper holds an Apple Watch Series 8 on sale at the company’s Fifth Avenue store in New York, Sept. 16, 2022. Jeenah Moon | Bloomberg | Getty Images Apple is trying a new tactic to get its products in the hands of younger users. The iPhone maker on Wednesday launched a new marketing website […]

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More people than ever expected to bet on Summer Olympics after U.S. legal gambling boom
Business

More people than ever expected to bet on Summer Olympics after U.S. legal gambling boom

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics. Sopa Images | Lightrocket | Getty Images Sportsbooks and daily fantasy operators are preparing for a Summer Olympics bump. The games in Paris, set to start July 26, will […]

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UK launches new rules for listings in bid to boost growth for London’s stock exchange
World

UK launches new rules for listings in bid to boost growth for London’s stock exchange

A general view of a dragon boundary mark and the City of London skyline, the capital’s financial district, as the Bank of England raises UK interest rates to 4%. Vuk Valcic Sopa Images | Lightrocket | Getty Images The U.K.’s Financial Conduct Authority announced Thursday new rules for the country’s stock market listings in a […]

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Pfizer moves forward with once-daily version of weight loss pill after setbacks
Business

Pfizer moves forward with once-daily version of weight loss pill after setbacks

Sopa Images | Lightrocket | Getty Images Pfizer on Thursday said it will move forward with a once-daily version of its weight loss pill, danuglipron, after it saw “encouraging” data in an ongoing early-stage trial. The company evaluated several once-daily formulations of the drug and identified one with “the most favorable profile.” Pfizer said it […]

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Audi strikes multiyear partnership with MLS’ Inter Miami CF
Business

Audi strikes multiyear partnership with MLS’ Inter Miami CF

Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team’s official automotive partner. Courtesy: Audi Audi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF. The Volkswagen-owned company announced Thursday it has struck a multiyear partnership with the South Florida soccer club as Audi […]

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