Business
Flu hospitalizations increase nearly 30% as U.S. enters holiday season
Susana Sanchez, a Nurse Practitioner, administers a flu vaccination to Loisy Barrera at a CVS pharmacy and MinuteClinic in Miami, Florida. Joe Raedle | Getty Images Flu hospitalizations have increased nearly 30% in a week as the spread of respiratory illnesses remains high across most of the U.S. More than 11,200 people were hospitalized with […]
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Here’s what Black Friday sales tell us about the retail sector — and our top pick
The holiday shopping season got off to a solid start over the weekend, as Black Friday’s online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe’s online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. That’s up 2.3% over last year […]
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Bob Iger’s fast start back as Disney’s CEO is welcome news to shareholders like us
Bob Iger, who returned last week as CEO of Disney (DIS), told employees Monday he intends to maintain the company’s current hiring freeze. He also reiterated the need for Disney to pivot its streaming business objective away from subscriber growth at all costs and toward profitability. As shareholders for the Club, we are pleased to […]
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U.S. warns California cities to prepare for possible water cuts and fourth year of drought
Houseboats on Lake Oroville during a drought in Oroville, California, U.S., on Monday, Oct. 11, 2021. David Paul Morris | Bloomberg | Getty Images Federal water managers on Monday warned California cities and industrial users receiving water from the Central Valley Project to prepare for a fourth year of drought and possibly “extremely limited water […]
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Here’s how the BlockFi bankruptcy may affect your crypto taxes for 2022
It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankruptcy, two weeks after the collapse of crypto exchange FTX, further complicating taxes for investors during a difficult year. BlockFi, which offers an […]
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‘Dividend aristocrats’ trounce the market when a recession hits — 10 names to buy now from Wolfe Research
Investors considering the looming threat of a recession next year could snap up these “dividend aristocrats” that historically outperform in a downturn, according to Wolfe Research. Dividend aristocrats have a long track record of raising dividends. What’s more, these stocks typically outpace the broader market heading into and out of a recession, according to Wolfe […]
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From cereal to food giant — Kellogg stages a makeover
Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple of decades. The one-time category leader is now facing a number of setbacks, including numerous lawsuits over its products’ nutritional value […]
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Disney hiring freeze will stay in place, CEO Bob Iger tells employees
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City. Getty Images Disney Chief Executive Officer Bob Iger said during his first town hall since returning to the company that […]
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How Atlanta’s growing economy burned low-income renters and homebuyers
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent Census Bureau estimates. Experts say that’s about a 50% increase from 20 years ago. “It’s a huge increase in population,” said Dan Immergluck, a professor of urban studies at Georgia State University. “That has taxed […]
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China Covid protests could lead to iPhone production hit of up to 10%, Wedbush says
Apple could deal with a major iPhone shortage of up to 10% this holiday season because of Covid protests in China, according to Wedbush’s Dan Ives. “We estimate that Apple now has significant iPhone shortages that could take off roughly at least 5% of units in the quarter and potentially up to 10% depending on […]
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