Retail
Smith & Wesson CEO faces backlash after he blamed politicians for gun violence
Hits: 6In July, Smith & Wesson CEO Mark Smith did not participate in an Oversight Committee hearing on the gun business. Source
Month: August 2022
Earnings
Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast
Hits: 1 Cisco issued fiscal fourth-quarter results on Wednesday that topped analysts’ projections and provided a better-than-expected forecast for the coming year. The stock rose about 4.5% in extended trading. Here’s how the company did: […]
World News
Bed, Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell entire stake
Hits: 9 Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares tumbled in extended trading Wednesday after activist investor Ryan Cohen said in a […]
Finance
Stocks making the biggest moves after hours: Cisco, Wolfspeed & more
Hits: 12 A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check […]
Personal Finance
Lawmakers call for safety upgrades as people face long lines ‘outside in the heat for hours’ at Social Security offices
Hits: 5 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 […]
Finance
Fed sees interest rate hikes continuing until inflation eases substantially, minutes show
Hits: 5 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 […]
World News
Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured
Hits: 5 Michael Moro, chief executive officer of Genesis, pauses as he speaks during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello | Reuters Digital asset brokerage Genesis said on […]
Retail
Best Buy to sell over-the-counter hearing devices this fall following change in FDA regulation
Hits: 3Best Buy will begin selling over-the-counter hearing devices as early as mid-October following a new FDA rule. Source
Wealth
The world’s largest sovereign wealth fund loses $174 billion in the first half, cites inflation and war in Europe
Hits: 6 Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund, the largest in the world, had a loss of 1.68 trillion […]
Business
Target’s earnings take a huge hit as retailer sells off unwanted inventory
Hits: 6 FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | Reuters Target on Wednesday said its quarterly profit fell nearly 90% […]