Business
Disney vows to help repeal ‘Don’t Say Gay’ law, says Florida Gov. DeSantis shouldn’t have signed it
Walt Disney employees and demonstrators during a rally against the Florida “Don’t Say Gay” bill at Griffith Park in Glendale, California, U.S., on Tuesday, March 22, 2022. Alisha Jucevic | Bloomberg | Getty Images After Gov. Ron DeSantis signed Florida’s so-called “Don’t Say Gay” bill into law on Monday, the Walt Disney Company condemned the […]
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Watch live: Biden discusses proposed tax on ultra-rich and defense spending in 2023 budget
[The stream is slated to start at 2:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is scheduled to unveil his 2023 federal budget on Monday afternoon at the White House. The budget request to Congress features tax hikes on the ultra-wealthy and […]
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How to trade restaurant stocks as higher gas prices hit consumers, according to Piper Sandler
History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found. Source
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The Oscars ceremony was a mess even before Will Smith slapped Chris Rock
Will Smith slaps actor Chris Rock onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Sunday’s 94th Academy Award ceremony was already a ham-handed attempt at boosting ratings even before the soon-to-be Oscar-winning actor Will Smith slapped Chris Rock on stage. […]
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Oil slides more than 8% as Shanghai lockdown prompts demand fears
Andrey Rudakov | Bloomberg | Getty Images Oil declined more than 8% at the lows of the day on Monday as concerns over new lockdowns in China and the potential impact on demand sent prices tumbling. West Texas Intermediate crude futures, the U.S. oil benchmark, slipped 8.25% to trade at $104.50 per barrel. International benchmark […]
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Russia will ‘always’ be a part of OPEC+, UAE energy minister says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
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MLB reaches a $125 million sponsorship deal with Capital One
Fernando Tatis Jr. #23 of the San Diego Padres runs past third base in the 8th inning against the Los Angeles Dodgers on April 18, 2021 at Petco Park in San Diego, California. Matt Thomas | San Diego Padres | Getty Images Major League Baseball has a new banking partner: Capital One. Under the deal, […]
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New Balance bulks up manufacturing presence in U.S. amid global supply chain backlogs
New Balance has opened its fifth manufacturing space in North America. This one is in Methuen, Massachusetts. Source: New Balance While many retailers are struggling to preserve relationships with overseas vendors and manufacturers, against pandemic uncertainty and shaky foreign relations, one is doubling down on its presence in North America. New Balance, a privately held […]
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How this risky strategy can leave retail investors vulnerable
“The idea that I used social media to promote GameStop stock to unwitting investors and influence the market is preposterous,” Keith Gill told Congress. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — testified in front of the U.S. House of Representatives’ Committee on Financial Services in February 2021. He […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after two-week winning streak Traders on the floor of the NYSE, March 21, 2022. Source: NYSE U.S. stock futures rose slightly Monday. Wall Street was looking to close out a monthly gain for […]
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