business news
Why U.S. rail travel is so highly-priced
Amtrak’s Acela is the quickest passenger practice in the Western Hemisphere, but tickets can be dear. Amtrak fares can range dramatically in the Northeast, house of the most seriously applied extend of monitor in the railroad’s nationwide network, which also incorporates stops in Canada. But tickets are typically far more high-priced than plane tickets, in […]
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NATO chief says Poland blast possible prompted by Ukrainian missile — but not Ukraine’s fault
Members of the police browsing the fields close to the village of Przewodow in Poland on November 16, 2022. Two men and women were being killed on Tuesday in an explosion at a farm near the village in south-jap Poland that lies about six kilometers within the country’s border with Ukraine. Anadolu Company | Anadolu […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 15, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. We can trade it for you wholesale The producer price index, which gauges inflation in wholesale prices, […]
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Insurance stock Oscar Health is a buy and can jump nearly 40%, Wells Fargo says in upgrade
Oscar Health could be primed for big gains after a tough year, according to Wells Fargo. Analyst Stephen Baxter upgraded the stock to overweight from equal weight, but lowered his price target, saying the outlook for the health insurance company appears “favorable” after the stock cratered 63% in 2022. “While the range of outcomes remains […]
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Raymond James downgrades Home Depot, says there are challenges ahead despite solid earnings report
Hold off on Home Depot for now, according to Raymond James. Analyst Bobby Griffin downgraded shares of Home Depot to market perform from outperform, foreseeing challenges next year for the housing sector. “Our change in opinion is not a reflection of Home Depot’s execution (has been solid), but more so our view that the risk/reward […]
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Crypto is an ‘ecosystem that is fully corrupt,’ claims economist Nouriel Roubini
Outspoken economist Nouriel Roubini described crypto and some of its important players as an “ecosystem that is entirely corrupt.” On a panel hosted by CNBC’s Dan Murphy at the Abu Dhabi Finance 7 days on Wednesday, the New York College professor reported there ended up “seven Cs of crypto”: “Concealed, corrupt, crooks, criminals, con guys, carnival […]
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Lowe’s reports revenue increase, beating Wall Street’s expectations
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. Getty Images Lowe’s reported third-quarter earnings on Wednesday that beat analysts’ expectations, with revenue up compared to the same period last year. The home improvement retailer also updated its guidance, lowering the top end of its […]
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Kyiv suggests Poland strike a ‘very delicate issue’ immediately after reports say Ukrainian forces fired the missile
Ukrainian President Volodymyr Zelensky helps make a surprise check out to Kherson on November 14, 2022 in Kherson, Ukraine. Paula Bronstein | Getty Visuals News | Getty Photos Ukraine’s protection ministry responded cautiously to stories suggesting its personal armed forces fired a missile that hit Poland, killing two men and women, stating the situation was “pretty […]
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Burger King owner Restaurant Brands hires former Domino’s CEO Patrick Doyle as chair
Patrick Doyle Scott Mlyn | CNBC Restaurant Brands International announced Wednesday that it is hiring former Domino’s Pizza CEO Patrick Doyle as its executive chair. Doyle, 59, was chief executive of Domino’s from 2010 to 2018, and oversaw the pizza chain’s transformation into a digital powerhouse in the restaurant industry. When he took the reins […]
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Formal claims oil tanker hit by bomb-carrying drone off Oman
An oil tanker affiliated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, an formal informed The Linked Press on Wednesday. The attack happened Tuesday evening off the coastline of Oman, the Mideast-primarily based protection official reported. The official spoke on condition of […]
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