Month: August 2024
Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy’s logo is seen on a store in Manhattan, New York, United States of America, on July 5th, 2024. Beata Zawrzel | Nurphoto | Getty Images Macy’s cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions. The retailer posted a mixed quarter, as […]
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‘Pick a number’: Strategist says the U.S. dollar will drift much lower against the Japanese yen
A pedestrian walks past a display board showing the currency exchange rate between the US dollar and the Japanese yen, along a street in Tokyo on August 5, 2024. Richard A. Brooks | Afp | Getty Images The U.S. dollar is likely to continue to drift lower against the Japanese yen over the coming months, […]
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China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric […]
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Health-care system Sesame to offer compounded versions of Wegovy through new $249 weight loss program
Health-care marketplace Sesame on Wednesday announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk‘s blockbuster obesity drug Wegovy for $249 per month. Sesame allows patients to book and pay for appointments with doctors and specialists directly through its website, so it cuts out middlemen such as […]
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Search for Sicily yacht passengers enters third day with tech tycoon Mike Lynch and 5 others missing
A rescue boat of the Vigili del Fuoco, the Italian Corps. of Firefighters operates off Porticello near Palermo, on August 20, 2024 a day after the British-flagged luxury yacht Bayesian sank. Alberto Pizzoli | Afp | Getty Images Specialist divers on Wednesday resumed the search for the six passengers still missing after a superyacht sank […]
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Ukraine carries out one of the largest ever drone attacks on Moscow as Kursk incursion continues
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Anadolu | Anadolu | Getty Images Ukraine carried out one of the largest-ever drone attacks against Moscow on Wednesday, as Kyiv continues to launch counter-offensives on Russian soil. Russia’s Defense Ministry […]
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Harris’ record suggests she would prioritize the Indo-Pacific, CFR political scientist says
U.S. Vice President Kamala Harris and Philippines President Ferdinand Marcos Jr., along with their partners, meet at the Vice President’s residence in Washington, DC, U.S., on Tuesday, May 2, 2023. Bloomberg | Bloomberg | Getty Images Vice President Kamala Harris would likely prioritize countering China and strengthening partnerships in the Indo-Pacific region if she were […]
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These are the 10 best ‘workcation’ cities in the world for hybrid workers
Have you been searching for a location where you can combine work and leisure? Look no further. The Hungarian capital of Budapest has topped the list of the world’s best cities for work and vacation, or “workcation,” compiled by flexible and hybrid workspace operator International Workplace Group. The results are based on in-house research as […]
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Jennifer Lopez files for divorce from Ben Affleck
US actress Jennifer Lopez (R) and US actor Ben Affleck attend Amazon’s “This is Me… Now: A Love Story” premiere at the Dolby theatre in Hollywood, California, February 13, 2024. Robyn Beck | Afp | Getty Images More than two years after Jennifer Lopez and Ben Affleck tied the long-anticipated knot, the couple have called […]
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CNBC Daily Open: A ‘crazy’ summer
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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