In business
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Meta's earnings report comes as 'Magnificent Seven' stock looks to return to all-time high
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Premier League clubs to vote on spending cap tied to income of lowest earning club
The is heading towards another contentious vote on Monday with a majority of clubs keen to add a hard spending cap to the new “squad cost” rules that are being introduced for the 2025-26 season. Based on the concept of “anchoring”, the de facto salary cap would limit the amount of money any club can invest in their squads by tying it to a multiple of what the lowest earners get from the league’s centralised broadcast and commercial deals. Earlier this month, with a view to finalising the new...
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Meta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric Sheridan
Goldman Sachs' Eric Sheridan joins 'Money Movers' to discuss what the overriding dynamic will be from Meta's quarterly earnings results, how Meta could further benefit from TikTok's forced sale, and more.
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Teledyne's (TDY) Q1 Earnings Lag Estimates, '24 EPS View Down
Teledyne's (TDY) first-quarter revenues miss the Zacks Consensus Estimate by 3.6%. The company lowers its 2024 earnings outlook.
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Meta to report first-quarter results after the bell
Meta reports first-quarter results after market close on Wednesday, and analysts expect to see the fastest year-over-year sales growth in almost three years.
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Business Groups Race to Block FTC’s Ban on Noncompete Agreements
WASHINGTON—The nation's biggest business lobbying group and a national tax-services firm both sued the Federal Trade Commission on Wednesday...
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Tesla stock soars 11% in premarket trading after Elon Musk promises affordable EV
Musk’s announcement was aimed at calming nervous investors on Wall Street who were still trying to digest the company’s most recent earnings report.
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Larry Ellison says Oracle is moving its 'world headquarters' to Nashville
After leaving Silicon Valley for Austin in 2020, computer software company Oracle is planning to move its headquarters further east again to Nashville its chairman said Tuesday. Larry Ellison, who is also Oracle’s co-founder and chief technology officer, said the company is moving a “huge campus” to the city, “which will ultimately be our world headquarters,” CNBC reports. Ellison said Nashville is a “fabulous place to live” and is also “the center of the industry we’re most concerned about,...
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Is a Beat Likely for Vertiv Holdings (VRT) in Q1 Earnings?
Robust demand for continuity solutions and digital infrastructure solutions is likely to have aided Vertiv Holdings' (VRT) first-quarter 2024 performance.
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Bank of America upgrades Tesla, says first-quarter report opens door for strong gains ahead
Bank of America thinks Tesla's first-quarter results mark the start of a big turnaround.
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Cosmetics brands focus on countering biodiversity loss
YSL Beauty, Lush and Clarins are just three of the brands that have recently shone a spotlight on their efforts to preserve or replace biodiversity
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TikTok may be banned in the US. Here's what happened when India did it
The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional...