business news
Fiber optic technology powers the internet, and it’s a big business
Fiber-based networks make up the majority of the internet’s backbone. Fiber-optic subsea cables spanning thousands of miles connect continents together, exchanging data at nearly the speed of light. Meanwhile, the massive data centers that host all of our cloud-based applications also rely on fiber connections. Increasingly, these fiber connections are making their way directly into […]
Read More
Best Buy to sell over-the-counter hearing devices this fall following change in FDA regulation
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said Wednesday that it will offer an expanded collection of hearing products and services this fall after federal regulators said they would begin allowing sales of over-the-counter hearing devices. By fall, […]
Read More
Stocks making the biggest moves premarket: Lowe’s, Target, TJX and more
Check out the companies making headlines before the bell: Lowe’s (LOW) – Lowe’s rose 1% in the premarket after it reported quarterly earnings of $4.67 per share, 9 cents above estimates. The home improvement retailer saw both revenue and comparable store sales come in below analyst forecasts but predicted full-year earnings would come in at […]
Read More
Manchester United shares briefly pop 17% in premarket after Elon Musk jokes about buying the club
Shares of the English soccer club Manchester United Plc briefly rose by as much as 17% in premarket trading on Wednesday, after Elon Musk jokingly tweeted “Also, I’m buying Manchester United ur welcome.” Photo by Catherine Ivill/Getty Images Shares of the English soccer club Manchester United briefly rose by as much as 17% in premarket […]
Read More
Tencent posts first ever revenue decline as tough gaming regulation, Covid lockdowns bite
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the […]
Read More
Ukraine counteroffensive hits Russia where it hurts; front line ‘intense but fully controlled,’ commander says
Russians’ security situation in Crimea is deteriorating, UK ministry says Smoke billows and explosions erupt from a Russian munitions depot in Dzhankoi on August 16, 2022. Moscow blamed the catastrophic event on a fire that spread and detonated ammunition. Marie-laure Messana | AFP | Getty Images Recent explosions at Russian military facilities in Crimea are […]
Read More
A high-profile meeting in China may have tipped off which provinces will have highest growth
Chinese Premier Li Keqiang headed an economic meeting Tuesday at which six leaders from “economically strong provinces” spoke via video. Pictured here is Li at a World Economic Forum virtual event in July 2022. Xinhua News Agency | Xinhua News Agency | Getty Images BEIJING — Chinese Premier Li Keqiang has called on six provinces […]
Read More
Sarah Palin advances to November general election for Alaska House seat, NBC projects
U.S. House candidate former Alaska Gov. Sarah Palin speaks during a “Save America” rally at Alaska Airlines Center on July 09, 2022 in Anchorage, Alaska. Justin Sullivan | Getty Images Former Alaska Gov. Sarah Palin will advance to the November general election for the state’s sole seat in the U.S. House, NBC News projects. Republican […]
Read More
Zelenskyy speaks to Macron as fears over nuclear plant mount; explosions hit Russian ammo depot in Crimea
Zelenskyy warns Ukrainians to avoid Russian military installations due to reports of explosions Smoke rises after explosions were heard from the direction of a Russian military airbase near Novofedorivka, Crimea August 9, 2022. Stringer | Reuters Ukrainian President Volodymyr Zelenskyy asked people in Crimea and other heavily occupied areas of Ukraine to not go near […]
Read More
Rep. Liz Cheney loses GOP primary to Trump-backed challenger, NBC projects
Vice Chair U.S. Representative Liz Cheney (R-WY) speaks during a public hearing of the U.S. House Select Committee to investigate the January 6 Attack on the U.S. Capitol, on Capitol Hill, in Washington, U.S., July 21, 2022. Jonathan Ernst | Reuters Rep. Liz Cheney, former President Donald Trump’s highest-profile Republican critic and a leading figure […]
Read More