business news
5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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Nike is making a strategic shift in how it manufactures NCAA fan apparel in deal with Fanatics
A Nike logo shown on a Baylor University long sleeve shirt. Nike, which has apparel and equipment deals with many college sports programs, is entering into a deal with Fanatics for college fan apparel. Maddie Meyer | Getty Images Sport | Getty Images Sports merchandise platform Fanatics is entering into a long-term partnership with Nike […]
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Stocks making the biggest moves premarket: Delta Air Lines, Twitter, Snap and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per share for the second quarter, shy of the $1.73 consensus estimate. Revenue exceeded estimates on strong travel demand, but margins took a […]
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Raymond James says Bath & Body Works is oversold and will jump nearly 70% from here
Bath & Body Works looks like one of the best deals for investors in the retail category, according to Raymond James. Analyst Olivia Tong initiated coverage of the stock with a strong buy rating, saying in a note to clients on Tuesday evening that shares of Bath & Body Works are oversold even if the […]
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Delta posts profit despite jump in costs, vows to improve reliability after difficult summer start
An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs. The carrier also vowed to improve reliability after an increase in delays and cancellations prompted it to […]
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Crypto needs regulation — technology can’t remove all financial risks, BOE’s Cunliffe says
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governor for financial stability. Speaking at the British High Commissioner’s residence in Singapore on Tuesday, Cunliffe shared insights on the recent “crypto winter,” which refers to a period of […]
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Chinese gaming stocks jump after Beijing approves new titles in a sign scrutiny is easing
Since April 2022, Chinese regulators have begun approving video games again after a months-long freeze in signs Beijing’s crackdown on gaming is easing. Feature China | Future Publishing | Getty Images Shares of Chinese gaming companies rose Wednesday after regulators approved a slew of new games, a sign that some of the headwinds for the […]
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A ‘very difficult road’ lies ahead for Ukraine, Zelenskyy says; high stakes meeting on grain exports set to take place
Russian advances to continue this week as anti-Russian sentiment grows, UK says In the Donbas, Russian forces will likely focus on taking several small towns during the coming week, Britain’s Ministry of Defense said on Wednesday. Siversk and Dolyna are likely to be targets for Russian forces as they approach their bigger objective — the […]
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Shares of Tianqi Lithium slump around 10% in first day of trading in Hong Kong
Shares of Tianqi Lithium slumped about 10% in their Hong Kong market debut Wednesday, after the Chinese company raised about $1.7 billion in the city’s biggest listing so far this year. The stock traded at around 74.50 Hong Kong dollars ($9.49), lower than the offer price of HK$82 ($10.45) a share. It slipped to as […]
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U.S. Treasury diplomat nominee aims to curb China’s lending influence
Jay Shambaugh, associate professor of economics at the George Washington University, speaking at a macro policy discussion in the U.S. on Wednesday, April 17, 2013. The nominee for the U.S. Treasury’s top economic diplomacy job said on Tuesday he wants to limit China’s growing global lending influence by working with international financial institutions and development […]
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