Month: December 2022

In this article FDX Follow your favorite stocksCREATE FREE ACCOUNT FedEx said Tuesday it would cut $1 billion more in costs after weak demand ate into its quarterly profit. The company in September announced cost-cutting measures that included parking planes and closing some offices in the face of softening global demand. It also raised package-delivery
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs A rush to develop Mozambique’s oil and gas reserves has led to a property boom in the country’s capital of Maputo. Andrew England reports on the impact foreign investment and rising prices are having on the local economy. ► What is Conscious Capitalism? http://bit.ly/1d5r0Z8 ► FT
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Sen. Bill Hagerty, R-Tenn., listens to testimony during the Senate Banking, Housing and Urban Affairs Hearing to examine the President’s Working Group on Financial Markets report on Stablecoins in Washington, Feb. 15, 2022. Bill O’Leary | Pool | Reuters Sen. Bill Hagerty, R-Tenn., will file an amendment to the $1.7 trillion spending package, to increase the
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Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-Fried signed extradition papers in the Bahamas and will return to the U.S. on Wednesday, a Bahamas prison official told NBC News. Doan Cleare, Bahamas’
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In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations while raising its outlook, as the company touted its success in clearing through its hefty inventory pile. Shares of Nike rose more than 10% after hours Tuesday. related investing news Costco CEO’s cautious
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Sollina Images | Tetra Images | Getty Images Amid record high inflation, stretching Social Security benefit checks became more difficult in 2022. Even as a 5.9% cost-of-living adjustment went into effect in January, the record high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs After eight years of construction, the $5.3bn Panama Canal expansion project is nearing completion and will open for business in early 2016. The FT’s Mexico and Central America correspondent, Jude Webber, reports from Panama City. ► Xinjian – China’s solar frontier http://bit.ly/1RfdHD6 ► FT World News:
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It generates four times more gambling revenue than Las Vegas but there’s more to Macau than slot machines and roulette. Look past the casinos to find a wealth of history and cuisine shaped by the fusion of Chinese and Portuguese culture. Video by Angus Bennett Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for
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In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, July 26, 2021. Andrew
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In this article AJRD TSLA MESA SBGI Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Aerojet Rocketdyne (AJRD) – Aerojet Rocketdyne agreed to be bought by rival defense contractor L3Harris Technologies (LHX) for $4.7 billion, or $58 per share in cash. Aerojet Rocketdyne rose 2% in the premarket,
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The royal family spends tens of millions of pounds each year. Last year, the queen spent £47.4 million on royal staff, household maintenance, travel, and more. Here’s a look into how they earn that money. MORE BUSINESS INSIDER TODAY CONTENT: How 100% Agave Tequila Is Made Why Nespresso Is Recycling Its Coffee Pods What Is
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The oil industry says the shale revolution is a bridge, one that will carry America to a future of 100% renewable energy. But fracking has significant negative environmental effects, and opponents say it actually increases U.S. dependence on oil, further slowing the fight against global warming. QuickTake by Bloomberg takes a closer look at this
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