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Footwear maker Crocs plans to outrun supply chain woes; shares jump -Breaking

© Reuters. (Reuters) – Crocs (NASDAQ:) Inc has raised its lower end annual revenue forecast as it prepares for supply limitations by shifting production to Vietnam. This will help offset factory closures that have slowed shipments. The stock rose 12%. This company is well-known for making rubber clogs. It announced on Thursday that it will […]

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Iota launches beta smart contracts to foster interoperability -Breaking

The Iota foundation has released its beta version smart contracts functionality. This is to address market issues such as high transaction costs and scalability limits. Iota’s nonprofit foundation is focused on open-source research and development initiatives to drive adoption in the distributed ledger technology space, alongside its native platform, the Tangle. Continue Reading on Coin […]

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Krispy Kreme Falls as HSBC Downgrades, Cuts Target to $14 -Breaking

© Reuters By Dhirendra Tripathi Investing.com – Krispy Kreme stock (NASDAQ): fell 3.5% Thursday, as HSBC downgraded stock to keep from buy and set a target of $14 Analysts had previously set a target of $25 for the stock. Krispy Kreme traded below the revised target in today’s session. The company-owned donut chain will be […]

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Fed should let its balance sheet shrink over next couple of years

© Reuters. FILE PHOTO – The Federal Reserve Board Building on Constitution Avenue in Washington, U.S.A, is shown in Washington, U.S.A, February 27, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Over the next two years, the U.S. Federal Reserve must reduce its balance sheet of $8 trillion to meet inflationary pressures. This was said by Fed […]

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lawmakers close to a topline number for U.S. spending bill -Breaking

© Reuters. FILE PHOTO: U.S. FILE PHOTO: U.S. Senator Joe Manchin (D.W.Va.) meets reporters at the U.S. Capitol, Washington, U.S.A, September 30, 2021. REUTERS/Leah Millis WASHINGTON (Reuters). – U.S. Senator Joe Manchin stated that he believes Democratic legislators are getting closer to agreeing on the topline figure for spending legislation which includes some of President […]

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U.S. highway expansions increase traffic and pollution, environmental groups say -Breaking

© Reuters. FILE PHOTO – Traffic seen ahead of July Fourth holiday in New York on July 2, 2021. REUTERS/Eduardo Munoz/File Photo Tina Bellon AUSTIN Texas (Reuters). – The U.S. policy of building highways to relieve congestion is ill-conceived and leads to more traffic and pollution. Colorado-based RMI, Transportation for America and the National Resource […]

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U.S. Existing-Homes Sales Rise 7%, the Most in a Year -Breaking

© Bloomberg. An actual property agent reveals a potential house purchaser a home on the market in Peoria, Illinois. (Bloomberg) — Gross sales of beforehand owned U.S. properties rose in September by probably the most in a yr, suggesting a slight easing in home-price progress and decrease mortgage charges a month earlier offered a tailwind […]

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U.S. safety board says driver, passenger seats occupied during fatal Tesla crash -Breaking

© Reuters. FILEPHOTO: The logo for Tesla, the electric car maker is seen in Beijing near a shopping mall on January 5, 2021. REUTERS/Tingshu Wang By David Shepardson WASHINGTON (Reuters), – On Thursday, the National Transportation Safety Board (NTSB), stated that both driver and passenger were present in the fatal April 17 Tesla Model S […]

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Sharing data with stakeholders key to reduce supply chain disruptions, Renault exec says -Breaking

© Reuters. FILE PHOTO – The Renault logo is displayed at a Paris dealership on August 15, 2021. REUTERS/Sarah Meyssonnier MILAN (Reuters – The automakers can share a lot data with logistic partners, suppliers and government to reduce disruptions in supply chains. Renault (PA) Jean Francois Salles, VP Supply Chain for the alliance group said […]

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Trump SPAC shares soar on social media deal news

The homepage and the app announcement of Truth Social. Donald Trump, former US president, wants to create an alternative social network. There isn’t much else to be seen aside from this announcement. Getty Images| picture alliance | Getty Images SPAC stock price Digital World Acquisition GroupOn Thursday, trading rose by 50% following the announcement of […]