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The Fed orders another interest rate hike.  Many are wondering what's next

The Fed orders another interest rate hike. Many are wondering what’s next

Federal Reserve Chairman Jerome Powell attends a meeting of the International Monetary and Financial Committee in Washington, DC on October 14. Powell announced another interest rate hike on Wednesday. JIM WATSON/AFP via Getty Images hide caption toggle caption JIM WATSON/AFP via Getty Images Federal Reserve Chairman Jerome Powell attends a meeting of the International Monetary …

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LAPD captain told CBS about Moonves sexual assault complaint, New York attorney general says

LAPD captain told CBS about Moonves sexual assault complaint, New York attorney general says

Leslie ‘Les’ Moonves, chairman and CEO of CBS Corp. David Paul Morris | Bloomberg | Getty Images World Paramount and former CBS chief Les Moonves agreed to make additional payments to settle an investigation by the New York State Attorney General’s office, which revealed new allegations Wednesday about the department’s role Los Angeles police in …

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Qualcomm shares fall on Q1 forecast, hiring freeze announced

Qualcomm shares fall on Q1 forecast, hiring freeze announced

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Qualcomm Shares fell 7% in extended trading on Wednesday after the chipmaker reported fourth-quarter earnings online but offered poor first-quarter guidance. The company also said …

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Dow Giant emerges as it guides strong cash flow and sees shipments rise

Dow Giant emerges as it guides strong cash flow and sees shipments rise

Boeing (BA) gave the outlook for free cash well above Wall Street estimates during its Investor Day on Wednesday on expectations of increased jet deliveries. BA stock rose, returning to a key level. But Boeing’s main suppliers have fallen. X In 2022, Boeing expects to generate between $1.5 billion and $2 billion in free cash …

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Elon Musk's 5 major moves in his first week of owning Twitter

Elon Musk’s 5 major moves in his first week of owning Twitter

Jake Denton of the Heritage Foundation breaks down some of the biggest changes Elon Musk is implementing on Twitter in “The Evening Edit”. Less than a week after officially closing his $44 billion acquisition to take Twitter private at $54.20 per share, Elon Musk has already revealed major changes for the social media platform. Twitter …

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Live stock market news updates: Stocks rebound as Fed rises 0.75%, hints at slower pace of rise

Live stock market news updates: Stocks rebound as Fed rises 0.75%, hints at slower pace of rise

U.S. stocks were firmly higher on Wednesday afternoon following a decision by the Federal Reserve to raise its benchmark policy rate by 75 basis points for the fourth consecutive time – to match market expectations – while alluding to a potential slowdown in future monetary tightening. The S&P 500 (^GSPC) gained 0.6%, while the Dow …

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CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N), Walgreens Boots Alliance Inc (WBA.O) and Walmart Inc (WMT.N) have agreed to pay around $13.8 billion to solve thousands of state governments , local and US tribal lawsuits accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 …

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Some companies are opting for a lame loophole under New York's new pay transparency law

Some companies are opting for a lame loophole under New York’s new pay transparency law

Would you like to apply for a job with an advertised salary cap of $2 million? What about a job with a potential base salary of $0.00? What if I told you that apparently it’s the same job. 01:30 Randall Park | Early fandoms Friday 3:07 p.m. That’s right, Citi Bank is hiring a ‘customer …

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Exxon, Chevron Advance: Investors not fazed by Biden's call to tax profits

Exxon, Chevron Advance: Investors not fazed by Biden’s call to tax profits

Oil producer stocks and U.S. crude oil futures surged on Tuesday after President Joe Biden on Monday called on oil companies to pay higher taxes to reduce fuel costs for consumers. Exxon Mobil (XOM) shares and Chevron (CVX) shares advanced in trading on Tuesday. X Biden has repeatedly targeted big oil companies in recent months, …

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