Dough not despair if you didn’t become a billionaire overnight. Tuesday night’s Mega Millions jackpot hit a cool $1.1 billion — only the eighth time in history that a U.S. lottery prize has passed a billion bucks. And while winning the grand prize was a long shot, at least this …
Devamını oku »BOJ to continue easing until sustainable inflation is achieved, official says
Bank of Japan Deputy Gov. Shinichi Uchida said Wednesday that the central bank would maintain an easy policy stance despite its recent decision to make its yield curve control more flexible. “The bank’s decision to conduct yield curve control with greater flexibility aims at patiently continuing with monetary easing,” Uchida …
Devamını oku »Starbucks sees a big rebound in China, but results fail to impress investors
Shares of Starbucks Corp. fell after hours Tuesday after the coffee chain reported third-quarter same-store sales that missed expectations, despite a big rebound in China. The coffee chain reported fiscal third-quarter net income of $1.14 billion, or 99 cents a share, compared with $912.9 million, or 79 cents a share, …
Devamını oku »Pinterest shares fall as revenue, earnings benefit from ads and user engagement increase
Pinterest Inc.’s stock were volatile in after hours trading following a surge in advertising, user engagement and some AI bets. Shares of Pinterest PINS, -0.10% initially spiked 9% in extended trading Tuesday after the company reported quarterly results that topped analysts’ revenue and earnings estimates, but soon sank to a …
Devamını oku »U.S. AAA debt rating gets a downgrade by Fitch; White House says move ‘defies reality’
Fitch Ratings late Tuesday made good on recent concerns about the U.S. credit profile and downgraded its rating on the nation’s debt one notch to AA+ from AAA, saying that it reflects “expected fiscal deterioration,” a “high and growing” government debt burden and an “erosion of governance” in face of …
Devamını oku »Trump indicted by special counsel over efforts to overturn 2020 election
Former President Donald Trump on Tuesday was indicted by a grand jury in Washington, D.C., in connection with the Justice Department’s probe into efforts to overturn the 2020 presidential election, including the Jan. 6, 2021, attack on the U.S. Capitol. Special counsel Jack Smith has been examining Trump’s actions leading …
Devamını oku »Lumen posts mixed earnings and stock pulls back after Tuesday rally
Lumen Technologies Inc.’s stock pulled back in after-hours trading Tuesday after rising sharply in the regular session, as the telecommunications company posted a mixed set of results for its latest quarter. The company generated a net loss of $8.736 billion, or $8.88 a share, whereas it logged net income of …
Devamını oku »Think tipflation is out of control? Here’s when it’s OK to skip the tip.
Tipping has hit the tipping point for many Americans. “Tipflation” is a term on everyone’s lips and fingertips this summer as both tip amounts and the places where people are prompted to tip have increased. And the tipping fatigue is largely driven by more places putting touchscreen tip screens in …
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