business news
This home electric vehicle charging stock can nearly double, Bank of America says in upgrade
The Inflation Reduction Act, recent share underperformance and an attractive valuation all make Wallbox a buy, Bank of America said Thursday. Analyst Alexander Virgo upgraded the Barcelona-based maker of home electric vehicle chargers to buy from neutral. The analyst did trim his price target on the stock to $10 per share from $11.30. However, that […]
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Mortgage rates fall sharply to under 7% after inflation eases
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged […]
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Juul reaches financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from early investors, as it made plans to lay off nearly a third of its staff in a bid to avoid bankruptcy. […]
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FTC claims it is monitoring developments at Twitter with ‘deep concern’ right after important safety departures
An impression of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. STR | Nurphoto | Getty Images The Federal Trade Commission is intently seeing Twitter’s moves underneath new owner Elon Musk, a spokesperson said in a statement Thursday. The agency struck […]
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How Spotify stayed No. 1 in streaming audio even with Apple, YouTube and Amazon aiming for it
Onur Dogman | LightRocket | Getty Pictures In this weekly sequence, CNBC requires a glance at corporations that made the inaugural Disruptor 50 list, 10 a long time later on. Spotify, the moment a Swedish startup tasked with tackling audio piracy troubles, is now the most popular audio streaming subscription service in the planet. Initial […]
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Massachusetts voters approve ‘millionaire tax.’ What it means for the wealthy
If you make more than $1 million a year in Massachusetts, you may soon be subject to a “millionaire tax” approved by voters this week through a ballot initiative. The new law creates a 4% tax on annual income above $1 million, on top of the state’s current 5% flat income tax, aiming to fund […]
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D.C. attorney general sues Washington Commanders and NFL over alleged secret deal to deceive fans
Team co-owners Dan and Tanya Snyder pose for a photo with current team members and alumni during the announcement of the Washington Football Team’s name change to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland. Rob Carr | Getty Images The attorney general of Washington, D.C., on Thursday sued the Commanders […]
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FTX’s U.S. internet site says buying and selling ‘may be halted’ in a number of times but withdrawals still obtainable
FTX’s U.S. web page claims investing “may be halted” in a few days soon after the mum or dad enterprise spiraled toward collapse this 7 days from a liquidity crisis. “You should near down any positions you want to near down,” FTX U.S. said in an announcement on its web page on Thursday. “Withdrawals are […]
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Why flu season is so bad this year
If it seems like everyone around you is getting sick, you’re not imagining it. The flu season is hitting the United States unusually early and much harder than it usually does. “I’m scared about what’s going to happen this flu season because I don’t think we’ve ever seen a coalition of multiple viruses kind of […]
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Shares generating the biggest moves midday: 6 Flags, Rivian, Bumble, Coinbase, Dutch Bros and far more
In this report BROS VCSA COIN AAPL Adhere to your favorite stocksBuild Cost-free ACCOUNT Travis Boersma, Dutch Bros Coffee at the NYSE, September 15, 2021. Supply: NYSE Check out the businesses making headlines in midday buying and selling Thursday. Coinbase – The cryptocurrency exchange was up 9.6% soon after Oppenheimer said Coinbase was nicely-positioned though […]
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