hot

Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec

A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday. …

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Ford stock has biggest daily drop since 2011 after inflation warning

The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang RattayRegister now for FREE unlimited access to Reuters.comRegisterSept 20 (Reuters) – Ford Motor Co’s (F.N) stock tumbled over 12% on Tuesday in its deepest one-day decline in over a decade after the automaker said inflation-related costs would be $1 …

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Alphabet’s Verily raises $1 billion as tech giants enter red hot healthcare sector • TechCrunch

Verily, the life sciences business under Alphabet, said Friday that it has raised $1 billion, capital that will be used to expand its data-driven healthcare products tailored to individuals. The round was led by Alphabet, the company said in its announcement. Verily also announced changes to its executive team that will go into effect January …

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Jobs report expected to run hot and that could lead to aggressive Fed

People walk into a store along a busy shopping street in Manhattan on December 10, 2021 in New York City.Spencer Platt | Getty ImagesJob growth in August likely slowed from July’s frenzied pace, but it is still expected to have been quite strong, with broad-based hiring across many sectors.Monthly jobs data is always important, but …

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New U.S. curbs on sales of Nvidia AI chips to China spark selloff

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 1 (Reuters) – New restrictions on exports of cutting-edge chips from Nvidia Corp (NVDA.O) to China have signaled an escalation of the U.S. crackdown on Beijing’s technological …

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Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses

Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) on Wednesday said it inked deals for more than $500 million in new financing and that it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business.Investors, however, remain concerned that the retailer’s plan, announced …

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Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources

Register now for FREE unlimited access to Reuters.comRegisterAlibaba notified of U.S. audit inspection -sourcesVetting of U.S.-listed Chinese firms’ audits starts next monthFollows landmark U.S.-China audit dealAlibaba shares fall nearly 3%HONG KONG, Aug 31 (Reuters) – U.S. regulators have selected e-commerce giant Alibaba Group Holding Ltd (9988.HK) and other U.S.-listed Chinese companies for audit inspections starting …

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Musk sends fresh letter to scrap Twitter deal after whistleblower claims

Register now for FREE unlimited access to Reuters.comRegisterAug 30 (Reuters) – Elon Musk has sent an additional letter of deal termination to Twitter Inc (TWTR.N) to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal.Last week, Peiter Zatko, a famed hacker …

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Stocks and bonds slump, dollar hot as rate fever takes hold By Reuters

© Reuters. FILE PHOTO: A man wearing a face mask, following the coronavirus disease (COVID-19) outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China January 6, 2021 By Dhara Ranasinghe LONDON (Reuters) – World stocks slumped on Monday as the growing …

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