PCE: Inflation slows with consumer spending American Express and Visa climb higher on solid demand Chevron falls after missing earnings estimates Indices up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a turbulent week in which economic data and corporate earnings forecasts … Read more
Tech stocks are on a tear to start 2023, but that could actually be a worrying signal. The Nasdaq COMP composite index, +0.95% is up 11% so far this month, on track for its best January performance since posting a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 rally cooled … Read more
Brendan McDermid | Reuters Amazon will start charging delivery fees for fresh grocery orders under $150, which it says will help keep prices for its services low. Starting Feb. 28, Prime members who want home delivery by Amazon Fresh will incur a $9.95 delivery fee for orders under $50, while orders between $50 and $100 … Read more
Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the … Read more
The ‘day in the life’ video of a fired Google worker on TikTok has gone viral as she captured her heartbreak after finding out she was one of 12,000 female workers fired by the tech giant earlier this week. Nicole Tsai, a TikTok “vlogger” based in Southern California, breaks down in tears in the video … Read more
Pat Gelsinger, CEO of Intel Corporation, testifies during the Senate Commerce, Science and Transportation Hearing on Semiconductors titled Developing Next-Generation Technology for Innovation, in the Senate Building of Russell on Wednesday, March 23, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images Intel Shares continued to slide on Friday, dropping as much as 10% … Read more
New York CNN — Recently unsealed bankruptcy documents have revealed thousands of creditors who FTX owes after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named to the list of creditors, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX … Read more
TOKYO, Jan 27 (Reuters) – Japan on Friday tightened sanctions against Russia following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of Russian officials and entities. The decision comes after Russia launched missile attacks in Ukraine, killing at least 11 people on Thursday, following … Read more
CNN — Vinícius Jr. scored against Atlético Madrid in Real Madrid’s 3-1 Copa del Rey quarter-final win on Thursday after an effigy of the star was hung from a bridge in Madrid ahead of the game. Alvaro Morato gave Atlético the lead but Rodrygo’s equalizer sent the quarter-final into extra time. Atlético were down to … Read more
Kevin Choi, CEO of Medi Whale, said he firmly believed his diagnosis was “no coincidence”. mediwhale As a Republic of Korea Marine Corps rifleman who underwent rigorous training as part of his National Service, Kevin Choi had “no doubts” about his medical condition. “I have pretty severe myopia, but I still believed I was very … Read more
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