Author: Admin
Stock futures are flat after Dow reverses course to start a busy earnings week
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Stock futures were flat after the Dow Jones Industrial Average slumped more than 200 points during Monday’s session, reversing an earlier rally as earnings season continued in earnest. Dow Jones Industrial […]
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Europe suffers from deadly heat wave as wildfires displace thousands of people
Paramedics help a patient into an ambulance during a heat wave in Barcelona, Spain, on Monday, July 18, 2022. Angel Garcia | Bloomberg | Getty Images A deadly heat wave in western Europe has triggered intense wildfires, disrupted transportation and displaced thousands of people as the continent grapples with the impact of climate change. The […]
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Ford unveils new F-150 Raptor R pickup with 700 horsepower
DETROIT — As Ford Motor ramps up production of its electric F-150 pickup, it’s not giving up on offering new, highly profitable performance models with gasoline engines. The Detroit automaker Monday morning unveiled the F-150 Raptor R, a new version of its high-performance, off-road pickup with a supercharged 5.2-liter V-8 engine that produces 700 horsepower […]
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Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have […]
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Pulitzer board rejects Trump’s calls to revoke prizes for reporting on Russian election meddling
From left, Washington Post Publisher Fred Ryan, Executive Editor Marty Baron, and National Security Editor Peter Finn, applaud as investigative reporter Tom Hamburger speaks to the newsroom after The Washington Post wins two pulitzer prizes, Monday, April 16, 2018, in Washington. Andrew Harnik | AP The Pulitzer Prize Board on Monday rejected former President Donald […]
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IBM second-quarter results beat on top and bottom lines
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images IBM issued second-quarter results on Monday that were better than expected. However, the stock dropped in extended trading after the company trimmed its forecast for cash flow. […]
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Harris, Newsom engage with donors as possible 2024 bids loom if Biden doesn’t run
U.S. President Joe Biden and Vice President Kamala Harris enter the Rose Garden to sign into law H.R. 55, the “Emmett Till Antilynching Act” during a ceremony at the White House in Washington, March 29, 2022. Kevin Lamarque | Reuters President Joe Biden’s allies are quietly meeting with party officials and donors ahead of the […]
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Trump election meddling grand jury subpoenas Republican Rep. Jody Hice of Georgia
Rep. Jody Hice, R-Ga., walks down the House steps of the Capitol on Thursday, April 28, 2022. Bill Clark | Cq-roll Call, Inc. | Getty Images A Georgia special grand jury that is investigating former President Donald Trump for possibly criminal interference in that state’s 2020 election issued a subpoena seeking testimony Tuesday from Rep. […]
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Netflix investors brace for subscriber losses as company works on long-term fixes
Jakub Porzycki | Nurphoto | Getty Images Netflix reports its second-quarter earnings Tuesday, and the run-up feels like hurricane preparation. A storm is coming. It’s probably going to be bad. Shareholders are praying the foundation is sturdy enough to withstand the damage. Netflix remains the world’s largest streaming service, but the company reported its first […]
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Deutsche Bank downgrades General Motors, cites looming pricing risks to automakers
Vehicle makers have struggled amid an ongoing global supply chain crisis, and weakening demand for cars as recession fears mount could spell further trouble for General Motors , Deutsche Bank said. “In conjunction with this 2Q earnings preview, we are downgrading GM to Hold from Buy, amid eventual pricing risk to automakers and the absence […]
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