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Stocks making the biggest moves midday: Bed Bath & Beyond, Krispy Kreme, Target and more
Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and […]
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Apple and Meta headsets could face a big challenge: Sticker shock
Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta Quest 2, retails for $400 […]
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Biden’s corporate tax hike in the Inflation Reduction Act won’t hurt most U.S. companies, Wall Street analysts say
Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol on August 4, 2022 in Washington, DC. Drew Angerer | Getty Images Business advocacy groups lobbied hard against the 15% minimum tax rate for large corporations that just passed Congress as part of the the […]
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Apple reportedly lays off 100 contract recruiters after committing to hiring on a ‘deliberate basis’
Apple CEO Tim Cook walks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, according to Bloomberg. The recruiters, who are responsible for hiring new employees at […]
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Viking Global bets big on insurance stocks, including a $500 million stake in AIG
Massive hedge fund Viking Global made large bets on insurance stocks during a volatile second quarter for Wall Street, according to securities filings. Viking’s second-quarter regulatory filing, released on Monday, shows that the fund initiated a stake of more than $500 million in AIG . Viking also scooped up more than 1.3 million shares of […]
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Apple reportedly plans to put ads in more apps on your iPhone
iPhone 13 Pro Source: Apple Inc. Apple may expand its advertising to more of its first-party apps on the iPhone in an effort to boost revenue, according to Bloomberg. The company generates about $4 billion in annual revenue from its ad business but wants to grow the segment into the “double digits,” according to the […]
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Facebook testing new encrypted backups for Messenger chat app
Onur Dogman | Lightrocket | Getty Images Meta, formerly Facebook, announced plans on Thursday to test a new secure storage feature for backups of users’ end-to-end encrypted chats on Messenger. The announcement comes after Facebook turned over Messenger chat histories to Nebraska police as part of an investigation into an alleged illegal abortion. A Meta […]
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Samsung just announced its newest folding phones, starting at $999
Samsung Galaxy Z Fold 4 Samsung Samsung on Wednesday announced its newest foldable phones, the Galaxy Z Flip 4 and Galaxy Z Fold 4. The $999.99 Galaxy Z Flip 4 and the $1,799.99 Galaxy Z Fold 4 look very similar to last year’s Flip 3 and Fold 3. The Galaxy Z Flip 4 is a […]
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Paris Hilton will sell NFTs and hold virtual parties in The Sandbox metaverse platform
Paris Hilton this week announced that her company, 11:11 Media, will bring her world to the immersive virtual gaming world of The Sandbox. There, she’ll launch a “land,” in which she’ll interact with her fans and sell digital goods. The platform said Hilton “is planning social and community events such as rooftop parties and glamorous social […]
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WhatsApp will soon let you slip out of group chats undetected
Chris Ratcliffe | Bloomberg | Getty Images WhatsApp is launching a new feature that will allow users to leave lengthy group chats without alerting others to their exit. Currently, pulling out of a WhatsApp group chat can be an awkward affair as everyone in the chat is informed when you leave. In larger groups, it […]
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