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Twitter, Macy’s, Nvidia, Lululemon and more

Lululemon’s sign is displayed at Woodbury Commons Premium Outlets, Central Valley, New York on November 17, 2019, Corbis News – Getty Images| Corbis News | Getty Images These are the headline-grabbing companies that made news in trading on Thursday afternoon. Macy’s — Shares jumped 17.8% after the department store chain reported better-than-expected quarterly resultsThe company […]

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Sequoia coaches start-ups to cut costs or face a ‘death spiral’

Considered one of Silicon Valley’s most profitable enterprise capital corporations would not see the financial system bouncing again anytime quickly and is warning portfolio corporations to tighten their belts within the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of dangers making it more durable for founders to boost […]

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Kyle Bass says U.S. will be in a recession within a year

The U.S. is headed towards a recession with stubbornly excessive inflation, in line with hedge fund supervisor Kyle Bass. The chief funding officer of Hayman Capital Administration stated on CNBC’s ” Squawk Field ” that ‘s he is pessimistic in regards to the path of the U.S. economic system as costs proceed to rise on […]

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First-quarter GDP declined 1.5%, worse than thought; jobless claims climb

Sign that says “We are Hiring!” A sign reading “We’re Hiring!” is displayed at Los Angeles Starbucks. Mario Tama | Getty Images As a result, U.S. GDP fell more than expected to begin the year. The first-quarter GDP dropped at 1.5% per year, according to the second estimateFrom the Bureau of Economic Analysis. It was […]

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First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower

An ad for ‘We’re hiring! A sign reading “We’re Hiring!” is displayed at Los Angeles Starbucks. Mario Tama | Getty Images As a result, U.S. GDP fell more than expected to begin the year. According to the IMF, GDP fell 1.5% annually in the first quarter. the second estimateFrom the Bureau of Economic Analysis. It […]

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5 things to know before the stock market opens Thursday

1. Wall Street’s losing streaks are causing stock futures to rise, boosting stocks Traders in New York City work on the New York Stock Exchange floor on May 18, 20,22. Spencer Platt | Getty Images The morning following the publication of the key earnings report by semiconductor giant, U.S. stock options rose Thursday Nvidia. The […]

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Macy’s, Twitter, Medtronic and more

See which companies are making the headlines even before the bell rings. Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Strong apparel demand and people returning to work, as well as other activities outside of home, helped boost […]

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Rival fintechs Revolut and Wise are still recruiting

Nikolay Storonsky founder, CEO and co-founder of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Some fintech unicorns may not be able to create new jobs. Klarna had announced that she would be launching a campaign to lay off 10% of its workforceOn Monday, rival fintechs made it clear they are not […]

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What is the Indo-Pacific framework, who’s in it, why it matters

U.S. President Joe BidenThe Indo-Pacific Economic Framework or IPEF was officially presented to Washington this week on his Asia-Pacific tour.  Five years later, it is U.S. unilaterally withdrewTrans-Pacific Partnership: A trade agreement between 12 countries from Asia-Pacific, North America, and South America. With the U.S. withdrawal, the remaining countries went on to launch the CPTPP, […]

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Fed minutes: May 2022 – Monetary policy may move into restrictive territory

Federal Reserve officials stressed earlier in the month that they needed to increase interest rates rapidly and perhaps more quickly than market expectations to address a growing inflation problem. Meeting minutes were released Wednesday.  The need to hike benchmark borrowing rates by 50% was recognized by policymakers. They also indicated the possibility of similar rises […]