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Business
October 20, 2024

Elections, hurricane damage and more: Here are four factors that will shape holiday shoppers’ purchases

  A Macy's store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers' spending, as they deck...

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Business
October 18, 2024

CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer

Longtime CVS Health executive David Joyner has succeeded Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. The stock closed around 5%...

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Business
October 17, 2024

Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%

  Nurphoto | Nurphoto | Getty Images LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow. The streamer's ad-tier memberships jumped 35% quarter over quarter. The company is on track to launch the service in Canada...

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Business
October 14, 2024

Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more

  Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. Getty Images With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options. For airlines, banks, electric vehicle makers,...

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  • Cash may feel safe when stocks slide, but it has risks
  • Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
  • Bank of America tops analysts’ estimates on better-than-expected interest income, trading
  • Auto stocks rise as Trump says he wants to ‘help’ some car companies
  • Op-ed: NYSE systems are working normally, handling record volume more efficiently than during Covid crash, president says

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