Business
5 things to know before the stock market opens Monday
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., November 11, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. A little fall sunshine Stocks are coming off a strong week, thanks in […]
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‘Black Panther: Wakanda Forever’ eyes $180 million opening weekend, highest November debut ever
Marvel Studios’ “Black Panther: Wakanda Forever.” Disney Disney and Marvel Studios’ “Black Panther: Wakanda Forever” snared an estimated $180 million during its domestic debut, earning it the record for the biggest opener in the month of November and the second-highest opener of 2022. The long-awaited sequel to the 2018 smash hit “Black Panther” generated strong […]
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Why Taylor Swift, Bruce Springsteen tickets will be more expensive and tougher to get
Terry Wyatt | Getty Images Entertainment | Getty Images Hundreds of thousands of Taylor Swift fans will closely be checking their phones Monday night, waiting to see if they’ve been chosen by Ticketmaster’s Verified Fan system to buy tickets to the pop star and singer-songwriter’s upcoming stadium tour. When those tickets go on sale later […]
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Ford vs. GM: Same Industry, two increasingly different companies
Jim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General Motors DETROIT — “Same industry. Two different companies.” That’s how influential Morgan Stanley auto industry analyst Adam Jonas recently described General Motors and Ford Motor — bitter rivals for more than a century. The two have consistently attempted to outgun each other […]
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Retailers’ biggest holiday wish is to get rid of all that excess inventory
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly earnings and revenue this week, Wall Street will pay close attention to another number, too — inventory levels. Walmart, Target, Gap, Kohl’s […]
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Here are Wall Street analysts’ favorite retail stocks as giants such as Target get set to report
Some of the biggest retailers in the U.S. are set to report their latest quarterly figures this week, potentially giving insight on how well consumers are faring with inflation and the broader macroeconomic environment. Walmart and Home Depot are slated to report Tuesday. Target’s results are scheduled for Wednesday, along with TJX. The sector has […]
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Food sanitation company accused of employing at least 31 children on graveyard shifts in slaughterhouses
A leading sanitation company is accused of employing dozens of children to clean the killing floors of slaughterhouses during graveyard shifts, the Department of Labor announced. Packers Sanitation Services, Inc., or PSSI, a company contracted to work at slaughterhouses and meatpacking facilities throughout the county, allegedly employed at least 31 kids — one as young as […]
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From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt and in some cases already reversed decisions since taking over the social media company back up his contention that so far his tenure […]
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Here are the three big issues facing Ukraine as winter approaches
Winter is on the way, and in war-torn Ukraine the fight against Russia appears far from over. Moscow continues to target Ukrainian power plants and stations. Grain shipments out of Ukraine have been interrupted since Russia paused participation in a United Nations-brokered agreement that allowed a corridor in the Black Sea for cargo ships to […]
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Why investors have jumped off the Carvana bandwagon
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC DETROIT – Last year, Carvana CEO and cofounder Ernie Garcia went on a victory lap. He touted the company’s “landmark” second-quarter results on Aug. 5, 2021 that included the used car retailer’s first-ever quarterly net profit. He then reminisced about the rapid growth of “a bunch of […]
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