Retailers Move Higher Ahead of Black Friday Trading With Several Results Out. How Did They Perform?

Retail sector shares contributed to Wall Street’s rally on Tuesday as investors swarmed the sector following some solid Q3 earnings numbers and ahead of the Black Friday and Christmas Holiday trading period. While the retail sector is susceptible to declines in consumer spending from macroeconomic headwinds, these stocks usually generate strong cash flows that provide management with balance sheet flexibility. […]

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HP says it will cut workforce by 4,000-6,000 by end of fiscal 2025

video FOX Business Flash top headlines for November 21 Check out what’s clicking on FoxBusiness.com HP Inc. said Tuesday it plans to reduce its employee headcount by 4,000 to 6,000 by the end of fiscal 2025.  The layoffs are part of HP Inc.’s newly announced "Future Ready Transformation" plan for fiscal 2023. The computer maker anticipates the layoffs will come with […]

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SEC charges Goldman Sachs Asset Management with not following ESG investments policies

video SEC commissioner responds to the public losing faith in the agency Hester Peirce provides insight on the SEC’s new initiatives on ‘Making Money with Charles Payne.’ The U.S. Securities and Exchange Commission on Tuesday charged Goldman Sachs Asset Management with failing to follow its policies and procedures involving environmental, socially oriented and other investments, and fined the company $4 […]

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Trump social media SPAC shareholders vote to extend merger deadline to next year

video Truth Social faces financial woes, potential lawsuit Fox Business correspondent Charlie Gasparino reports on Truth Social’s latest troubles as the company faces a potential lawsuit from Right Forge and struggles to build up revenue. Shareholders of the special purpose acquisition company (SPAC) taking Trump Media & Technology Group public have voted to push a merger deadline to next year. […]

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FTX bankruptcy hearing unveils latest developments in crypto exchange's collapse

video FTX founder Sam Bankman-Fried lied to regulators ‘around the world’: Changpeng Zhao Binance CEO Changpeng ‘CZ’ Zhao discusses the latest fallout from the FTX collapse and how that is expected to impact his company’s operation on ‘Varney & Co.’    Attorneys representing crypto exchange FTX peeled back the curtain on the company's downfall at its first Chapter 11 bankruptcy […]

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Retail trade groups say a rail strike would be devastating to the economy

video Railroad companies ‘disappointed’ some unions rejected initial deal: Ian Jeffries Association of American Railroads president and CEO Ian Jeffries says 6 out of 12 unions have agreed to the railroad worker contract negotiations. Retail industry groups reacted Monday to the possibility of a rail strike happening in early December going up.  The Transportation Division of the International Association of […]

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Late Morning Analyst Calls Briefing for Monday, November 21, 2022\u00a0

This report was sent to Briefing.com subscribers earlier today. Upgrades: > Chemtrade Logistics Income Fund (CGIFF) upgraded to Outperform from Market Perform at BMO Capital Markets > Healthpeak (PEAK) upgraded to Outperform from In-line at Evercore ISI; tgt $28 > Luther Burbank (LBC) upgraded to Outperform from Mkt Perform at Keefe Bruyette > Pinnacle West (PNW) upgraded to Neutral from […]

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SBF Pocketed 75% of $420M FTX Funding Round in 2021

According to a recent report, Sam Bankman-Fried sold some of his personal stake in FTX in what has since been termed the “meme round” by Sequoia. Out of the $420 million raised, the former CEO took $300 million for himself. SBF Took $300 Million from 69 Investors for Himself The funding round under scrutiny took place in October 2021. It […]

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Ticketmaster parent, Live Nation, under fire

video Tennessee AG Skrmetti investigating Ticketmaster over Taylor Swift presale problems Tennessee Attorney General Jonathan Skrmetti joined ‘Kennedy’ to discuss his investigation into Ticketmaster after presale tickets for Taylor Swift’s upcoming tour fell through.  Live Nation Entertainment, the corporate parent of Ticketmaster, is reportedly facing a Department of Justice (DOJ) probe over antitrust concerns.  Ticker Security Last Change Change % […]

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