Author: Admin
Evercore ISI downgrades Brinker, calls stock ‘dead money’ amid slow return to pre-Covid margins
Brinker International’s road to recovering pre-pandemic restaurant margins may take a little longer than expected, Evercore ISI said. Source
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New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, […]
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Fanatics adds SoftBank executive, former Airbnb marketing chief to board of directors
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | Getty Images Fanatics, the rapidly expanding sports e-commerce company, announced Thursday that it added SoftBank’s Lydia Jett and former Airbnb executive […]
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Stocks making the biggest moves premarket: Twitter, SeaWorld, Shopify and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds. SeaWorld (SEAS) – The […]
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Larry Ellison, crypto exchange Binance back Elon Musk’s $44 billion bid to buy Twitter
Oracle chairman of the board and chief technology officer Larry Ellison. Justin Sullivan | Getty Images A new filing shows that Oracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange platform Binance are among a cohort of investors that plan to support Elon Musk’s $44 billion Twitter takeover. The SEC filing, published Thursday, […]
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Watch Governor Andrew Bailey speak after the Bank of England’s rate hike
[The stream is slated to start at 08:00 ET. Please refresh the page if you do not see a player above at that time.] Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision. In a widely expected move, policymakers at the BOE voted […]
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Bath & Body Works CEO Andrew Meslow to step down due to health reasons
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons, the retailer announced Thursday in a securities filing. Meslow will also be leaving his position as a member of Bath & […]
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Buy Winnebago as the brand is the ‘unicorn’ of RVs and shares are cheap, MKM Partners says
Demand for RVs will continue to grow as consumers look for outdoor vacation options, and Winnebago is a “unicorn” in the industry. Source
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World’s second-largest hydropower plant set for 14-year upgrade after deal with GE
Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock | Getty Images GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 gigawatt Itaipu hydropower plant, a vast […]
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India’s high inflation will likely persist despite surprise rate hike, says economist
220413 The trend of rising inflation is expected to continue, increasing the burden on consumers in India, seen here shopping in New Delhi in April. Xinhua News Agency | Xinhua News Agency | Getty Images Inflation in India will likely continue to trend above 6% for the rest of this year despite this week’s surprise […]
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