Business
Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes
CNBC’s Jim Cramer on Monday told investors that a key labor report could help drive the Federal Reserve’s inflation strategy. “We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries. If that doesn’t happen, if the numbers are truly strong, then the Fed heads […]
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Flu hospitalizations increase nearly 30% as U.S. enters holiday season
Susana Sanchez, a Nurse Practitioner, administers a flu vaccination to Loisy Barrera at a CVS pharmacy and MinuteClinic in Miami, Florida. Joe Raedle | Getty Images Flu hospitalizations have increased nearly 30% in a week as the spread of respiratory illnesses remains high across most of the U.S. More than 11,200 people were hospitalized with […]
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U.S. warns California cities to prepare for possible water cuts and fourth year of drought
Houseboats on Lake Oroville during a drought in Oroville, California, U.S., on Monday, Oct. 11, 2021. David Paul Morris | Bloomberg | Getty Images Federal water managers on Monday warned California cities and industrial users receiving water from the Central Valley Project to prepare for a fourth year of drought and possibly “extremely limited water […]
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Elon Musk statements Apple has threatened to clear away the Twitter app
Elon Musk explained that his firm SpaceX are not able to fund the Starlink services in Ukraine “indefinitely.” Michael Gonzalez | Getty Illustrations or photos News | Getty Illustrations or photos Twitter proprietor Elon Musk claimed on Monday in a sequence of tweets that Apple experienced threatened to take away the Twitter application from the […]
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U.S. criticizes China’s zero Covid strategy, says Beijing needs to boost vaccination among elderly
The White House on Monday criticized Beijing’s zero Covid strategy as ineffective and said the Chinese people have a right to peacefully protest. “We’ve long said everyone has the right to peacefully protest, here in the United States and around the world. This includes in the PRC,” a spokesperson for President Joe Biden’s National Security […]
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‘Dividend aristocrats’ trounce the market when a recession hits — 10 names to buy now from Wolfe Research
Investors considering the looming threat of a recession next year could snap up these “dividend aristocrats” that historically outperform in a downturn, according to Wolfe Research. Dividend aristocrats have a long track record of raising dividends. What’s more, these stocks typically outpace the broader market heading into and out of a recession, according to Wolfe […]
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From cereal to food giant — Kellogg stages a makeover
Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple of decades. The one-time category leader is now facing a number of setbacks, including numerous lawsuits over its products’ nutritional value […]
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Stocks making the biggest moves midday: Apple, DraftKings, Biogen, Williams-Sonoma and more
In this article FSLR WSM PDD BUD Follow your favorite stocksCREATE FREE ACCOUNT A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making the biggest moves midday: Apple — Apple shares fell 2% following a report that iPhone production could take a big hit due to unrest at a Foxconn […]
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How Atlanta’s growing economy burned low-income renters and homebuyers
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent Census Bureau estimates. Experts say that’s about a 50% increase from 20 years ago. “It’s a huge increase in population,” said Dan Immergluck, a professor of urban studies at Georgia State University. “That has taxed […]
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China Covid protests could lead to iPhone production hit of up to 10%, Wedbush says
Apple could deal with a major iPhone shortage of up to 10% this holiday season because of Covid protests in China, according to Wedbush’s Dan Ives. “We estimate that Apple now has significant iPhone shortages that could take off roughly at least 5% of units in the quarter and potentially up to 10% depending on […]
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