Month: August 2022

In this article SNOW Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Shares of the cloud data platform provider Snowflake popped more than 17% in extended trading on Wednesday after the company released second-quarter earnings that beat analysts’ revenue expectations. Here’s how the company did: EPS: Loss
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Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy announced Wednesday to its broader push for a national $15-an-hour minimum wage. The White House detailed a long-awaited plan to forgive up
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Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June, marking the sixth straight month of a decline
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Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Affirm — The buy-now-pay-later darling’s shares slid nearly 14% after hours when it reported a bigger-than-expected quarterly loss of 65 cents per share, according to Refinitiv. It also issued
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Over two decades, Tiger Global’s punchy bets on the growth of tech firms helped it become one of the world’s most successful hedge fund and private equity firms. But as the FT’s Laurence Fletcher explains, rising interest rates have made tech companies with projected cash flows far in the future less appealing, and recently Tiger
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Aug. 18 (Bloomberg) — The Scorpion is a new tactical jet developed by Textron AirLand. The price — $20 million — is notably less than other military jets, and the company says they’ve identified an opening for an affordable airplane in the international market. Construction was kept a secret to maintain a competitive advantage, but
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Borrowers who continued repaying their student loans during the payment pause have a unique opportunity to get a refund — and potentially, boost their forgiveness eligibility in the process. In addition to President Joe Biden’s student loan debt relief plan, the payment pause on federal student loans was extended once again through Dec. 31. In an announcement
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In this article DLTR ELY DG Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slid 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest
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Festivals were already a precarious business, but after a record year in 2019 the coronavirus pandemic brought outdoor events to a halt. The FT talks to organisers, bands, and stage hands to find out whether they can bounce back. #musicfestivals #arloparks #hotchip #sistersledge #elderisland #glastonburyfestival #standoncalling #latitudefestival #britishsummertime #festivals #music #lollapalooza #boomtownfair #wildernessfestival #coachella #strawberriesandcream
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For the first time ever, NASA has been relying on private companies like Elon Musk’s SpaceX for re-supply missions; only that’s just the beginning. This QuickTake examines the future of space tourism using private space taxis. ——— Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg is the First Word in business news, delivering
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Comstock | Stockbyte | Getty Images The labor market is strong, and unemployment is low. But economists fear a recession looms — and 50% of employers expect to reduce headcount in the next six to 12 months, according to a recent PwC survey. Workers who turn to jobless benefits for financial help will find a
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