Economy
Liz Cheney urges the Justice Department to prosecute Trump if it finds evidence of crimes
US Republican Representative Liz Cheney speaks during the third hearing of the US House Select Committee to Investigate the January 6 Attack on the US Capitol, on Capitol Hill in Washington, DC, on June 16, 2022. Olivier Douliery | AFP | Getty Images WASHINGTON — Rep. Liz Cheney urged the Justice Department on Thursday to […]
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SolarEdge is willing to sacrifice margins today to capture huge demand growth in Europe, CFO says
SolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from the weakening Euro. But SolarEdge CFO Ronen Faier said lower margins now is the price to be paid for long-term growth in a market where demand is skyrocketing. “We have […]
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These companies are still flexing pricing power amid strong consumer demand
If you haven’t heard a lot about pricing power this earnings season, there’s a good reason: There hasn’t been a lot of it to go around. Many of the companies that have opted to pass along higher costs to consumers in the form of price increases are seeing lower volumes. There are a number of […]
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Higher housing costs force more pet owners to surrender their dogs
Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told CNBC. And she’s not alone. According to a new survey conducted by pet care site Rover, […]
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5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day: 1. Stock futures fall after jobs report People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Stock futures fell Friday morning after […]
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Stocks making the biggest moves premarket: Expedia, Block, Lyft and more
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block […]
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The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation
LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy firm CGA, the average cost of a pint […]
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What this ‘play the recovery’ strategy says about the hot bond market’s future
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May. Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can […]
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Biden will keep aircraft carrier group in the South China Sea but postpone missile test
The USS Ronald Reagan (CVN-76) aircraft carrier is seen during a port visit in Hong Kong on October 2, 2017. Anthony Wallace | AFP | Getty Images WASHINGTON — President Joe Biden will keep an American naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile […]
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Stocks making the biggest moves midday: Coinbase, AMTD Digital, Restaurant Brands, Alibaba and more
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world’s largest asset manager, that […]
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