Tag: C&E Exclusion Filter
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Samsung manages to beat on earnings despite 84% drop in Q2 net profit
[ad_1] Samsung Electronics 005930, +1.29% posted above-consensus quarterly earnings despite an 84% drop in net profit for the second quarter, as the South Korean tech giant sees the memory-chip industry passing through a trough. The world’s largest manufacturer of memory chips, smartphones and televisions said Thursday that it expects global demand for technology products and…
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Everything coming Netflix in August 2023 — and what’s leaving
[ad_1] Netflix has a fairly sedate lineup for August 2023. The hit queer romantic comedy “Heartstopper” (Aug. 3) is back for its second season, as classmates/couple Nick (Kit Connor) and Charlie (Joe Locke) prepare for prom and head abroad to Paris. Season 1 earned critical praise and an adoring fanbase, and Season 2 promises more…
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Fed no longer foresees a U.S. recession — and other things we learned from Powell’s press conference
[ad_1] The Federal Reserve on Wednesday raised its benchmark interest rate to a range of 5.25% to 5.5%, the highest level in 22 years, in order to combat “elevated” inflation. With financial markets and economists widely expecting that rate move, the focus was on Fed Chair Jerome Powell’s one-hour session with reporters, which followed. Here…
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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World Cup: What time does the USWNT play? How much do the players make?
[ad_1] The 2023 FIFA Women’s World Cup is well underway in what is expected to be the biggest sporting event of the summer. The tournament favorite, the United States Women’s National Team, plays its second game on Wednesday against the Netherlands at 9 p.m. Eastern — which will be a rematch of the 2019 Women’s…
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Regional-bank stocks move up after PacWest deal suggests stabilization in sector
[ad_1] Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net positive for the banking sector,” KBW…
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Oil prices pull back from 3-month highs ahead of Fed decision
[ad_1] Oil futures fell early Wednesday as investors awaited a Federal Reserve policy decision and official data on U.S. inventories of crude and petroleum products. Price action West Texas Intermediate crude for September delivery CL.1, -1.08% fell 81 cents, or 1%, to $78.82 a barrel on the New York Mercantile Exchange. September Brent crude BRNU23,…