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In this article 700-HK Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid-19 in the world’s second-largest economy hit the technology giant. Here’s how Tencent did in the second quarter, versus Refinitiv consensus estimates: Revenue: 134.03 billion Chinese yuan ($19.78 billion) vs. 134.6…
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the session released Wednesday. During a meeting in which the central bank approved a 0.75 percentage point rate hike, policymakers expressed resolve to bring down inflation that…
Everyone learns crucial lessons in the early stages of their career: when to leave a job, how to negotiate a raise, how to write a cohesive email. But Mark Cuban said his first jobs taught him the most important lesson of his career: the art of sales. In a TikTok posted in March, the billionaire…
People stand in line at a Social Security Office in Pasadena, California. Mario Anzuoni | Reuters People who face long waits for service at the Social Security Administration’s field offices have had to contend with one more complication this summer — intense heat. That prompted leaders of the House Ways and Means Committee to send…
A look at the current drama surrounding Hodlnaut and Bitgo’s respective legal cases. #Bitcoin #XTAGE #GalaxyDigital #XPInc #Ethereum #Hodlnaut #Bitgo #NFTs #Crypto #Blockchain #Equities #Stocks #US #Investing #Trading #NYSE #NASDAQ #$BTC #$ETH
The FDA’s proposal to ban flavored cigars would be a disruptive force in the cigar market and would carry significant revenue implications for many state governments. Flavored cigars make up between one-third and one-half of all cigar sales. We estimate that the aggregate effect of a ban on flavored cigar sales in the U.S. would…
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations as the company said improved operations offset lower-than-expected sales that were hurt…
In this article TGT A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on…
Chinese Premier Li Keqiang headed an economic meeting Tuesday at which six leaders from “economically strong provinces” spoke via video. Pictured here is Li at a World Economic Forum virtual event in July 2022. Xinhua News Agency | Xinhua News Agency | Getty Images BEIJING — Chinese Premier Li Keqiang has called on six provinces…
It’s an island that is closer to France than to England — yet it is part of the British Isles. It’s home to miles of tunnels built during World War II — but by German rather than British soldiers. And it has lower taxes than the U.K. and its own financial rules. The island of…
The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin to manage their diabetes. But the bill, called the Inflation Reduction Act, falls short of applying those cost controls…
2023 Dodge Hornet GT Dodge DETROIT – The first electrified vehicle for the Dodge brand under Stellantis will be a plug-in hybrid crossover called the Hornet, a resurrected name most recently used for a 1970s station wagon. The compact crossover will be Dodge’s new entry-level vehicle, with a starting price of less than $30,000 for…