business news
UK braces for hottest day on record with highs of 106 degrees Fahrenheit expected
The U.K. is bracing for the hottest day on record Monday, with highs of 41 degrees Celsius (106F) expected. Hollie Adams | Getty Images News | Getty Images LONDON — The U.K. is bracing for the hottest day on record Monday, with highs of 41 degrees Celsius (106F) expected in the south of England. The […]
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Delta buys 100 Boeing Max planes, its first major order with the manufacturer in more than a decade
Delta Air Lines planes at John F. Kennedy Airport in New York. Getty Images Delta Air Lines is buying 100 Boeing 737 Max 10 planes, its first major order for new aircraft from the U.S. manufacturer in more than a decade. The deal has options for 30 more of the planes. Deliveries are slated to […]
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Russia orders its forces to intensify operations ‘in all directions’; Ukraine’s Zelenskyy suspends top officials after treason fears
Zelenskyy removes top officials after cases of treason in government agencies Ukraine’s President Volodymyr Zelenskyy suspended the head of Ukraine’s security service and the prosecutor general. It was announced on Sunday that Prosecutor General Irina Venediktova and the Head of the SBU (the Security Service of Ukraine) Ivan Bakanov were being suspended after Zelenskyy said […]
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Tesla’s bitcoin holdings could result in a $460 million hit for the car maker, Barclays says
Tesla ‘s bitcoin holdings could have taken a big bite out of the electric car maker’s upcoming earnings, according to Barclays. Analyst Brian Johnson said he expects Tesla to report an impairment of roughly $460 million due from bitcoin. Tesla is slated to post earnings Wednesday after the bell. “With Bitcoin ending the quarter at […]
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Goldman Sachs is set to report second-quarter earnings —here’s what the Street expects
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $6.58 per share, according to Refinitiv Revenue: $10.86 billion, 29% lower than a year earlier. […]
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Buy Yum Brands to defend against a slowdown in consumer spending, Goldman Sachs says
Yum Brands is well-positioned to navigate the murky road ahead for restaurant stocks even as a slowdown in consumer spending looms, according to Goldman Sachs. Analyst Jared Garber upgraded shares of the Pizza Hut and Taco Bell owner to buy. The analyst also hiked his price target on the stock to $135 per share, implying […]
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A can of Coca-Cola for $13? Prices are rising on one of Europe’s most popular islands
A seaside restaurant charges 30 euros ($30) for a burger. A large sunbed at an upscale beach club can cost 500 euros in August. And a table at a “VIP” nightclub can run into the thousands. Though Spain is generally considered a reasonably priced travel destination, the Spanish island of Ibiza has long been known […]
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Henrik Stenson set to be stripped of Ryder Cup captaincy and join LIV Golf Invitational Series
Sweden’s Henrik Stenson during day two of The Open at the Old Course, St Andrews on July 15, 2022. Henrik Stenson is expected to be imminently stripped of his Ryder Cup captaincy and join the Saudi-backed LIV Golf Invitational Series. David Davies | Pa Images | Getty Images Henrik Stenson is expected to be imminently […]
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Hearing to show Trump’s Jan. 6 ‘dereliction of duty,’ House panel says
A House committee’s prime-time hearing Thursday will offer the most compelling evidence yet of then-President Donald Trump’s “dereliction of duty” on the day of the Jan. 6 insurrection, with new witnesses detailing his failure to stem an angry mob storming the Capitol, committee members said Sunday. “This is going to open people’s eyes in a […]
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Stock futures inch higher ahead of a busy week of earnings
U.S. stock index futures were modestly higher during overnight trading Sunday as Wall Street looks ahead to a busy week of earnings. Futures contracts tied to the Dow Jones Industrial Average added 0.25%. S&P 500 futures were up 0.4%, while Nasdaq 100 futures advanced 0.5%. The major averages are coming off a losing week, despite […]
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