Business
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one. Traditionally, they have been costly. A typical pair of hearing aids in the U.S. goes for between $2,000 and $8,000, including […]
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Cramer’s lightning round: Cano Health is a buy
Hasbro Inc: “I actually don’t even like the toy companies right now. … Let’s wait for now.” Viatris Inc: “I don’t like those guys. I do think that [Johnson & Johnson] is going to spin off its consumer product company, and that’s going to be very, very good.” IAC Inc: “That stock is so down. […]
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Jim Cramer’s week ahead: Get ready to ‘pounce’ when the market is oversold
CNBC’s Jim Cramer on Friday warned investors not to let their guard down when it comes to their portfolios and be ready to take advantage of good deals. “Ultimately, you’re just going to feel sorry if you don’t buy anything on the big sell-offs. When the market finally gets oversold enough, though, that’s when you […]
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Federal prosecutors charge ex-CEOs of MoviePass, parent company in alleged fraud scheme
Sopa Images | Lightrocket | Getty Images Former executives at MoviePass and its parent company have been charged with fraud, according to a federal indictment that was unsealed Friday. Theodore Farnsworth, 60, former CEO of Helios & Matheson, and Mitchell Lowe, 70, former CEO of MoviePass, are charged with misleading investors and making false statements […]
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DraftKings shares tumbles after monthly users fall short of estimates
Omar Marques | LightRocket | Getty Images Shares of DraftKings closed down 28% Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after revenue for the quarter came in above Wall Street expectations. Its […]
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Carvana stock posts worst day ever as outlook darkens for used vehicle market
Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top- and bottom-line expectations for the third quarter as the outlook for used cars falls from record demand, pricing and profits during the coronavirus pandemic. The stock cratered 39% to end the day at $8.76 a share — slightly […]
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House hunting this weekend? There’s more out there now
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images After more than two years of a historically lean housing market, listings are starting to rise − and swiftly. Active inventory nationally jumped 33.5% in October from the […]
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United Airlines opens a new grab-and-go lounge in Denver for time-crunched travelers
United’s new, small-format lounge at Denver International Airport. Source: United Airlines United Airlines is opening a new kind of lounge at Denver International Airport, and it’s not designed for travelers to linger. The Chicago-based airline is launching the new club concept as travel demand recovers, and airlines return to profitability in part thanks to customers […]
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Shonda Rhimes is among the creators unhappy with Netflix’s mid-video ads, sources say
Shonda Rhimes attends 2018 Vanity Fair Oscar Party on March 4, 2018 in Beverly Hills, CA. Presley Ann | Patrick McMullan | Getty Images Shonda Rhimes, the high-powered producer behind “Bridgerton” and “Inventing Anna,” is among a number of showrunners, creators and writers who have expressed displeasure with Netflix‘s decision to include mid-video ads in […]
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New hope China may soften on Covid boosts our stocks most tied to world’s No. 2 economy
Estee Lauder (EL) and other Club holdings with meaningful exposure to the Chinese economy bounced Friday, following news that BioNTech ‘s (BNTX) Covid vaccine will soon be available to foreign residents living in China. We’re cautiously optimistic about the vaccine development , which adds to hopes that Beijing will soften its restrictive pandemic policies after […]
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