Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as trader sentiment remains positive on hopes the U.S. Fed will slow down its pace of interest rate hikes at its upcoming meetings. However, the unexpected decline in US GDP for the second consecutive quarter signals the U.S. economy is in a […]

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New York (CNN Business)Shares of luxury electric car maker Lucid plunged more than 10% Thursday after the company disclosed it will make roughly half the cars this year it had planned to build. The company said it is dealing with the serious supply chain problems that have disrupted other automakers’ production as well. But its supply chain issues caused it […]

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Nexstar, the largest TV station group, got a boost from midterm political ad spending as well as a rise in distribution and digital revenue in the second quarter. The company reported net income of $226.5 million, a rise of 13.4%, in the period ended June 30. Revenue rose to $1.25 billion, up 10%, from the same period a year earlier. […]

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The Centre’s capital expenditure (capex) outlay for the April-June quarter (first quarter, or Q1) of 2022-23 (FY23) could be close to Rs 1.5 trillion, Business Standard has learnt. As a percentage of full-year capex Budget Estimates (BE) of Rs 7.5 trillion, this could be at similar levels to the trends in the past few fiscal years. It is in the […]

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Netflix and Dark Horse Entertainment have inked a multi-year, first-look film and TV deal extending their creative partnership, at the same time announcing the launch of development on two new projects—a film titled Bang! and a series called Mind MGMT. In the former spy thriller, based on the comic series by Matt Kindt and Wilfredo Torres, a terrorist cult sets […]

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New York (CNN Business)Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown. The national average for regular gasoline dropped three cents to $4.16 a gallon on Wednesday, according to AAA. That marks the 50th consecutive day of falling prices. Gas prices have tumbled by 86 cents since hitting a record […]

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New York (CNN Business)Starbucks sales took a plunge in China due to the country’s strict Covid-19 restrictions. In the three months ending on July 3, sales at Starbucks’ Chinese locations open at least 13 months dropped 44%. “China faced its most severe COVID disruption since the onset of the pandemic,” in the quarter, said Belinda Wong, chairman of Starbucks China, […]

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Nexstar Media Group, the nation’s biggest station owner, which is currently said to be in the process of acquiring the CW, has extended the employment agreement of CEO Perry Sook, through March 31, 2026. Sook is also chairman and a top shareholder. He founded Nexstar in 1996 and has run it since — growing revenue from approximately $87 million at […]

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The futures are trading lower Tuesday after Monday’s follow-through move faded in the afternoon and all of the major indices closed down. All of this as we begin August trading after July’s 9% move higher, which basically wiped out the 8% loss in June. Typically after a steep sell-off like we have seen this year, when the market retraces off […]

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The Johnny Depp-Amber Heard trial captivated viewers with a peek into the stormy marriage of two movie stars but, believe it or not, the proceedings could have been even more sensational. The unsealing of a trove of 6,000 pages of documents has shown how both sides bitterly fought during the discovery stage of the trial over what could be admitted […]

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