Business
Tennessee AG investigating Ticketmaster after Taylor Swift ticket chaos
Taylor Swift performs at the 2019 American Music Awards in Los Angeles, November 24, 2019. Mario Anzuoni | Reuters Tennessee’s attorney general said he is launching an investigation into Ticketmaster after his office was flooded with complaints over the ticket company’s website crashing Tuesday as Taylor Swift fans raced to buy tickets for her upcoming “Eras” tour. Ticketmaster’s […]
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BMO downgrades Target, citing persistent inventory challenges ahead
BMO Capital Markets is losing faith in Target ‘s growth story given the challenges it faces ahead. Analyst Kelly Bania downgraded the retail stock to market perform in a note to clients Wednesday, saying that sufficiently matching inventory to demand will likely persist as a challenge for Target in the near term. “While we continue […]
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Starbucks union to strike at more than 100 locations on Red Cup Day, one of the chain’s busiest days of the year
Starbucks official reusable red cup, left, and red cup from Starbucks Workers United. Source: Starbucks; Starbucks Workers United Workers at more than 100 unionized Starbucks locations plan to strike on Thursday, one of the chain’s biggest sales days of the year. To celebrate the holiday season, Starbucks every year gives away reusable red cups bearing […]
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The energy transition will fail unless industry fixes wind power issues, Siemens Energy CEO says
Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues currently facing the wind power sector. In an interview with CNBC’s […]
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Trump Media merger partner loses board member days before pivotal shareholder meeting
The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters A South Florida real estate executive has quit the board of Digital World Acquisition Corp., the blank-check company that agreed to take former President Donald Trump’s media company public, […]
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Cramer’s lightning round: Uber is going to be the last man standing
Uber Technologies Inc: “Uber is a stock that you have to own for a while. … It’s going to be the last man standing, and that’s why I like Uber.” PayPal Holdings Inc: “I think that they can make it so that a lot of other companies go under their umbrella, and that would make […]
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Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look at what’s happening at individual companies – big ones, not small ones – so that they’ll be a little less ruthless going […]
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See which states have suffered the most major weather disasters since 2011
Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday that calls for urgent investment in climate adaptation and hazard mitigation. During that same period, 29 states on average endured at least one federally declared disaster, according […]
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Taylor Swift tour ticket fiasco leads to calls for Ticketmaster and Live Nation to break up
Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images There’s something about Taylor Swift and breakups. Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over […]
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Sharp drop in mortgage rates does little to boost demand
A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment […]
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