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Category Archives: Uncategorized

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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Amazon says its first Project Kuiper internet satellites were fully successful in testing

Amazon plans to begin building the first production Kuiper satellites in December and launch the first satellites for its network in mid-2024.

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How an F1 spending cap made racing teams more investable

A more predictable balance sheet makes it easier to bring new sponsors on board.

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Macy’s stock pops as inventory, margin improvement help profit beat estimates

Macy’s earnings easily topped Wall Street’s expectations.

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Starbucks workers file more labor complaints with NYC as union goes on largest-ever strike

Baristas at more than 200 Starbucks locations are striking on Red Cup Day, a busy promotion for the coffee chain.

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Walmart will report earnings before the bell. Here’s what to expect

The discounter has fared better than other retailers because of its low-price reputation and big grocery business.

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