Business

Lowe's reports mixed second-quarter results, citing a shortened spring hurting sales

Lowe’s reports mixed second-quarter results, citing a shortened spring hurting sales

A customer pushes a shopping cart toward the entrance of a Lowe’s store in Concord, California, on Tuesday, February 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations as the company said improved operations offset lower-than-expected sales hurt by a shortened spring. The home …

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Gas markets jump on both sides of the Atlantic as traders scramble for supplies

Gas markets jump on both sides of the Atlantic as traders scramble for supplies

The global energy crisis deepened on Wednesday as a further rise in natural gas prices in Europe and the US threatened to push some of the world’s largest economies into recession. Gas markets in Europe rose 6 percent to $236 per megawatt hour on Wednesday, bringing the week’s gains to 14 percent so far. The …

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Airbnb rolls out 'new anti-party technology' in North America

Airbnb rolls out ‘new anti-party technology’ in North America

Airbnb is testing new “anti-party technology” in the US and Canada as it tries to enforce a global ban on house parties that it made permanent earlier this year, the company announced. The technology is designed to automatically catch the kinds of bookings that are likely to lead to unauthorized parties by looking at factors …

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UK inflation is above 10% as bread and milk prices rise

UK inflation is above 10% as bread and milk prices rise

Annual consumer price inflation reached 10.1% in July, according to data released by the Office for National Statistics on Wednesday, up from 9.4% in June. Rising food prices — up 12.7% since July 2021 — were the biggest contributor to the acceleration in inflation, the ONS said. The headline inflation rate was higher than forecast …

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UK inflation hits new 40-year high of 10.1% as food and energy price hikes continue

UK inflation hits new 40-year high of 10.1% as food and energy price hikes continue

Liz Truss and Rushi Sunak at The Sun’s Showdown: The Fight for No10, the last live debate for Conservative Party leaders. The next prime minister will face a historic cost of living crisis as food and energy prices rise and real incomes shrink. Dominic Lipinski | Dad Pictures | Getty Images LONDON — UK inflation …

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Elon Musk says he's buying Manchester United, but if it's a joke the SEC probably won't laugh

Elon Musk says he’s buying Manchester United, but if it’s a joke the SEC probably won’t laugh

Last updated: August 16, 2022 at 9:27 PM ET First Release: August 16, 2022 at 9:09 PM ET Elon Musk is either going to play international football or else he may have scored an own goal and caused more trouble from the SEC. In a tweet late Tuesday, the CEO of Tesla Inc. TSLA: “I …

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'Big Short' Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash

‘Big Short’ investor Michael Burry dumps all but one stock after predicting a market crash – Featured

Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its shares in the second quarter, according to the company’s filing with the U.S. Securities and Exchange Commission (SEC). Famous for predicting the 2008 financial crisis, Burry has predicted a stock market crash and warns that winter is coming. Michael Burry sells …

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Have the markets bottomed out?  Strategist reveals the indicators to watch closely as stocks rise

Have the markets bottomed out? Strategist reveals the indicators to watch closely as stocks rise

Major US indices maintained their resilience in the second half with another solid week of gains last week, raising hopes that the bear market may be over. But strategist Victoria Fernandez is not yet mentioning the bottom, as she continues to monitor several key indicators for signs that the market has bottomed out. “We’re not …

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EXCLUSIVE Biden's emergency council calls for railroad wage increases to resolve contract talks

EXCLUSIVE Biden’s emergency council calls for railroad wage increases to resolve contract talks

US President Joe Biden walks to Air Force One as he departs for Washington, DC, from Joint Base Charleston, South Carolina, US, Aug. 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug. 16 (Reuters) – US President Joe Biden’s emergency council is tasked with helping major freight railroads …

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