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Category Archives: Uncategorized

Charter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter

Charter shares plunged after its chief financial officer said the company may lose broadband subscribers in the fourth quarter.

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Eli Lilly weight loss drug Zepbound now available at pharmacies as rival Wegovy faces shortages

Eli Lilly’s drug serves as an alternative to rival obesity drugs such as Wegovy that are still facing supply issues. 

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Walmart’s hiring and wage pressures have eased, CEO says

Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses.

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Women’s sports, NFL’s Swift bump and Messi helped define a big year in ticket sales, StubHub says

StubHub is out with its Live Experiences Report which outlines some of the biggest influences in ticket sales for 2023.

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Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO

Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn’t use forced labor after the retailer confidentially filed to go public.

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Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom

Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.

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Disney+ adding Hulu integration as streaming bundles accelerate

Disney had previously offered a bundle of Disney+ and Hulu, but Wednesday’s release is part of a push to integrate the two platforms.

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Mortgage refinance demand jumps 14% as rates fall to lowest point since August

After hitting 8% in October, the rate for the popular 30-year mortgage is heading back down toward 7%.

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Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show

In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling […]

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McDonald’s aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027

After 2024, McDonald’s is targeting systemwide sales growth of 2.5% in constant currency.

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