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24 mentions found


☆ Bill Gates Is Still Pulling Strings at Microsoft, Overseeing AI Ideas
  + stars: | 2024-04-29 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +13 min
In fact, Business Insider has learned, Gates has been quietly orchestrating much of Microsoft's AI revolution from behind the scenes. The company, Nadella promised, would "continue to benefit from Bill's ongoing technical passion and advice to drive our products and services forward." According to two executives, Gates' memo treated as gospel, sparking Microsoft's push to take the lead in the AI arms race. Now, it seemed, OpenAI might offer Microsoft a way to help forge the AI future that Gates had long envisioned. According to two executives, Gates' words were treated as gospel, helping spark Microsoft's push to take the lead in the AI arms race.
Persons: Bill Gates, Satya Nadella, Gates, Siri, They're, Clippy, Copilot, That's, Sam Altman, — Gates, Satya, Nadella, Steve Ballmer, Peter Thiel bashed, Bill, Melinda, Jeffrey Epstein, Nadella's, Rather, OpenAI, Kevin Scott, Scott, Altman, you'll, OpenAI's, Bing —, Bing, Steve, Sam, Kayla Wood, Frank Shaw, Shaw, —, Charles Lamanna, Jaime Teevan, Jeff Teper, Charlie Bell —, He's, Forbes, Mustafa Suleyman, DeepMind, Bill G, Suleyman, aren't, hadn't, there's, Ashley Stewart Organizations: Microsoft, Agents, Business, Google, Wired, Street Journal, Rover, Steve Jobs, OpenAI, Amazon Web Services Locations: Tay, Gates, Clippy, Washington, Redmond , Washington, Seattle
☆ Millennials are a lot better off financially than you may realize
  + stars: | 2024-04-25 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're looking at how millennials have seen their wealth explode over the past few years. Millennials, the oft-maligned generation , are a lot better off financially than you might realize. A new report found millennials saw their wealth double from the end of 2019 through 2023, writes BI's Juliana Kaplan. Whatever the case, millennials' wealth can keep growing. The Department of Justice is investigating the consultancy for its past work advising opioid companies about how to boost their sales , The Wall Street Journal reported on Wednesday.
Persons: —, Iurii Garmash, Tyler Le, millennials, BI's Juliana Kaplan, Harry Potter fanfiction didn't, Millennials, Gen Xers, eyeing, Juliana Kaplan, Gen, Chelsea Jia Feng, Jamie Dimon, Devin Nunes, Mark Zuckerberg, they've, There's, Nathan Congleton, Blackstone, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Studio, Getty, millennials, Slaven, The New York Times, Nvidia, Trump Media, House Republicans, Meta, Green, Getty Images Google, Apollo, KKR, Justice, Street, Wednesday, McKinsey, NFL, US Locations: That's, Chelsea, premarket, NBCU, New York, London
☆ Why Wall Street analysts and Jim Cramer see more upside for this portfolio Big Tech name
  + stars: | 2024-04-01 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is a dangerous level to get in, but not a bad level to start selling," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jeff Marks, Bob Iger's, Nelson Peltz's, We're, Jefferies, Jim Cramer's, Jim Organizations: CNBC, Club, The Club, Disney, Google, Wall Street, Microsoft, Melius Research
☆ Frankenstein restaurants like a Taco Bell-Pizza Hut combo are popping up everywhere
  + stars: | 2024-03-25 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +6 min
AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. The 2002 annual report for Yum Brands, the parent company of Pizza Hut, Taco Bell, and KFC, among other restaurant chains, lays out why the much-memed combination Taco Bell-Pizza Hut existed in the first place. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands. Do you work at a major restaurant like McDonald's, Pizza Hut, or Taco Bell and have a story idea to share?
Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky
☆ Frankenstein restaurants are popping up everywhere, but they aren't actually that successful
  + stars: | 2024-03-23 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +6 min
AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. Related storiesSo Yum turned to Frankenrestaurants — like the combination Pizza Hut-Taco Bell — to offer a wider variety of options under one roof. Major restaurant brands also frequently change ownership, making it hard to decouple multi-branded locations if a company decides to sell one. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands.
Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky
☆ Osman Yousefzada: Queer Feet at Charleston House is bringing working class stories to upper class spaces
  + stars: | 2024-02-13 | by ( Nicole Mowbray | ) edition.cnn.com   time to read: +6 min
CNN —Countless creative ideas have been born in the kitchen of Charleston House, the bohemian modernist farmhouse inhabited from 1916 by painters Duncan Grant and Vanessa Bell in a rural part of southern England. Courtesy Osman Yousefzada“What I do is try and tell working class stories in highbrow institutional spaces,” Yousefzada told CNN in a phone interview. “Even now, generations on, Charleston is still a very aspirational and very privileged space, but I try and subvert that.., to open the space for working class voices,” said Yousefzada. “A warning, caution.”"Unless you're signposted that having a creative life is OK, it's not an easy path to take," said Yousefzada. I grew up in a restricted monoculture and so it took me a long time to find those (artistic) spaces.
Persons: Duncan Grant, Vanessa Bell, Grant, Bell —, Virginia Woolf, Forrester —, —, Osman Yousefzada, Lee Robbins, ”, Emily Hill, Yousefzada, Osman, “, ’, Duncan Grant’s, it’s, we’re, there’s Organizations: CNN, Charleston House, Bloomsbury, Charleston Trust “, Charleston Trust Locations: Charleston, England, Virginia, British, Birmingham, Iran, India, Turkey, London
☆ Biden Pardons Turkeys in Annual Thanksgiving Tradition
  + stars: | 2023-11-20 | by ( The Associated Press | ) www.nytimes.com   time to read: 1 min
I hereby pardon Liberty and Bell. Even though Liberty and Bell are from Minnesota, they’re named for a famous Liberty Bell in Philadelphia and Pennsylvania. These birds have a new appreciation for the word, “let freedom ring.” So I’m told by the Turkey Federation and the Liberty Bell — Liberty and Bell — they love honeycrisp apples. Ice hockey. I sure as hell would like to see them play ice hockey.
Persons: I’m, Liberty, Bell, they’re Organizations: Bell, Liberty Bell, Turkey Federation, Liberty Locations: Liberty, Minnesota, Philadelphia and Pennsylvania, America
☆ ‘Congratulations, Birds’: Biden Pardons a Pair of Turkeys
  + stars: | 2023-11-20 | by ( Lisa Friedman | ) www.nytimes.com   time to read: 1 min
And President Biden, who turned 81 on the same day he spared a pair of birds, wanted to get one thing straight. “I was too young to make it,” Mr. Biden said as he saved the lives of Liberty and Bell, each weighing in at 42 pounds and change. As Liberty — or maybe it was Bell — bobbed his head and flapped on a table, the president proclaimed: “I hereby pardon Liberty and Bell. Congratulations, birds. Congratulations.”
Persons: Biden, Mr, “, ” Mr, Liberty —, Bell —, Liberty, Bell, ” Organizations: White, Liberty, Bell Locations: American
☆ Oleksandr Usyk Will Be Sure of Tyson Fury Fight When He Hears 'The Sound of a Bell'
  + stars: | 2023-11-10 | by ( Associated Press | Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
VALENCIA, Spain (AP) — The heavyweight title fight between Oleksandr Usyk and Tyson Fury now appears likely to be held in February. I will be sure when I’m the ring,” Usyk said. That was before Fury got knocked down and nearly defeated by Francis Ngannou, an MMA fighter making his boxing debut. “I want this to work out, I want this fight to happen,” the 36-year-old Usyk said from his training camp in Valencia. Earlier talks for a Fury-Usyk fight fell apart in March, with Warren blaming a disagreement over terms for a rematch.
Persons: Oleksandr Usyk, Tyson Fury, Usyk isn't, “ I’m, ” Usyk, “, Fury, Francis Ngannou, Frank Warren, Lennox Lewis, Evander Holyfield, Usyk, I’m, he's “, ”, Daniel Dubois, Anthony Joshua, Warren, Alex Krassyuk Organizations: IBF, WBA, WBO, WBC, Ukrainian Locations: VALENCIA, Spain, Saudi Arabia, British, Valencia, Russia, Poland
☆ Stream These 10 Movies Before They Leave Netflix in November
  + stars: | 2023-10-30 | by ( Jason Bailey | ) www.nytimes.com   time to read: +3 min
☆ North Carolina Republicans Enact Voting, Election Boards Changes Over Democratic Governor's Vetoes
  + stars: | 2023-10-10 | by ( Associated Press | Oct. | At P.M. | ) www.usnews.com   time to read: +5 min
RALEIGH, N.C. (AP) — North Carolina Republicans enacted vote-count restrictions and weakened the governor's ability to oversee elections and other state regulatory bodies on Tuesday by overriding Democratic Gov. But Cooper and his allies contend the election legislation is an attack on voting that will give Republicans the upper hand on close results. The state elections board has been five members, with the governor’s party historically holding three of the seats. The law says the new state board also would have barely a week to decide whether to keep current state elections Executive Director Karen Brinson Bell on the job or hire someone else. And an energy bill designed to encourage nuclear energy production and the legislature’s annual “regulatory reform” measure also are now law.
Persons: Roy Cooper's, Cooper, Donald Trump, Joe Biden, Critics, Karen Brinson Bell, Phil Berger, Brinson Bell —, —, Marc Elias, Tuesday’s Organizations: — North, — North Carolina Republicans, Democratic, State Board, Republican, Democrat, Republican Party, White, Trump, North, North Carolina GOP, Republicans Locations: RALEIGH, N.C, — North Carolina, North Carolina, U.S, Carolina
☆ Chisholm Homers and the Surprising Miami Marlins Grab an NL Wild-Card Spot With 7-3 Win Over Pirates
  + stars: | 2023-09-30 | by ( Associated Press | Sept. | At P.M. | ) www.usnews.com   time to read: +4 min
PITTSBURGH (AP) — The Miami Marlins' improbable September push will carry into October. Puk (7-5) and seven other relievers kept the Pirates in check, rendering any scoreboard-watching pointless. Miami began the day with its magic number whittled to one following another late comeback victory on Friday night. Miami used a 17-9 September surge to vault over San Francisco, Chicago and surprising Cincinnati in the standings. It's unclear whether the Marlins will have to return to New York on Monday to finish a suspended game against the New York Mets.
Persons: Jazz Chisholm, Josh Bell, Tanner Scott, “, Skip Schumaker's, Marlins —, Chisholm, Little, Jon Berti, Quinn Priester, Garrett Hampson bunted, Nick Gonzalez, Jacob Stallings, Berti, Liover Pegeuro's, Jorge Soler, Bell —, Miami —, Soler, Endy Rodriguez, Jared Triolo, Ke'Bryan Hayes, Bryan Reynolds, Priester, Luis Arraez, ___ Organizations: PITTSBURGH, The Miami Marlins, Marlins, Pittsburgh Pirates, Miami, National League, Pirates, Marlins ”, New York Mets, San Diego Padres, San, MLB Locations: Bahamas, Miami, San Francisco, Chicago, Washington, San Diego, Cleveland, New York
☆ How Merve Emre became the hottest — and most reviled — name in literary criticism
  + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com   time to read: +40 min
Last winter, the 37-year-old literary critic and Wesleyan professor Merve Emre stood in front of a microphone in Rachel Comey's Soho boutique. While the others had largely opted to pull boldfaced names from the Review's archives — like a 1985 Gore Vidal piece about Tennessee Williams — Merve Emre would be reading Merve Emre. Emre has penned so many introductions for new anthologies and reissues that one fan joked on Twitter: "every new baby in 2024 comes with an introduction by merve emre." Courtesy of Merve Emre. Over her cocktail, Merve Emre told me what my profile on Merve Emre should be about.
Persons: Merve Emre, Rachel Comey's, Emily Greenhouse, Gore Vidal, Tennessee Williams — Merve Emre, Emre, Diane Williams, who's, Everyone's, Elena Ferrante, Jonathan Franzen, Rachel Cusk, Susan Sontag, Michael Roth, Reading Emre, merve emre, John Guillory, Dorothy Parker, Christopher Hitchens, Jon Fosse, Stephanie LaCava, Batuman, Lawrence, Alison Roman, Frank Gehry, Jason Stanley, someone's, they're, Anna Shechtman, Anne, Maggie Doherty, doesn't, Emre Emre, Roald Dahl's, Matilda, Myers, Briggs, you've, I've, Bain, Chris Bierly, I'd, Amy Lombard, Ferrante, She's, Christian Nakarado, Leo Carey, Jason, Nakarado, hasn't, Emre's, Altan, Emre lasered, Ara Osterweil, McGill, Beyoncé, Osterweil, Al Jazeera, sensitively, Ivy pricks, she's, Michael Berube, He'd, he'd, James Joyce, Simone de Beauvoir, Merve, Sarah Chihaya, —, Mary Butts, Leonora Carrington, Susan Taubes, Taubes, Durga Chew, Christian Lorentzen, Orhan Pamuk, Lena Dunham, Chew, Bose, Yale's, it's, she'd, Taylor Swift, Elif Batuman, Swift, Janet Malcolm, Charlie Kaufman, Roth, we're, What's, Natalie Portman, Mila Kunis, It's, Elizabeth Morache, Rebecca Zisser, David Bergman Organizations: The New York, McGill, Times, New York Magazine, The, Yorker, Wesleyan University, Reading, Twitter, McGill ,, Wesleyan, Ivy League, Yale, Shapiro Center, Creative, NBA, Harvard, Bain & Company, Insider Yale, HBO, Congress, NPR, American Academy of Arts and Sciences, New York, Yahoo, Oxford, Oxford . McGill, University of Oxford, Penn State, Fordham University, Boston, Intelligence Squared, Yale Science, University, Whitney Museum, Netflix Locations: Rachel Comey's Soho, McGill , Oxford, Columbia, Norwegian, New Haven , Connecticut, New Haven, Adana, Turkey, New York, Cambridge, Montreal, United States, chiseling, Turkish
☆ How Merve Emre became the hottest — and most divisive — name in literary criticism
  + stars: | 2023-08-24 | by ( Anna Silman | ) www.businessinsider.com   time to read: +40 min
Last winter, the 37-year-old literary critic and Wesleyan professor Merve Emre stood in front of a microphone in Rachel Comey's Soho boutique. While the others had largely opted to pull boldfaced names from the Review's archives — like a 1985 Gore Vidal piece about Tennessee Williams — Merve Emre would be reading Merve Emre. Emre has penned so many introductions for new anthologies and reissues that one fan joked on Twitter: "every new baby in 2024 comes with an introduction by merve emre." Courtesy of Merve Emre. Over her cocktail, Merve Emre told me what my profile on Merve Emre should be about.
Persons: Merve Emre, Rachel Comey's, Emily Greenhouse, Gore Vidal, Tennessee Williams — Merve Emre, Emre, Diane Williams, who's, Everyone's, Elena Ferrante, Jonathan Franzen, Rachel Cusk, Susan Sontag, Michael Roth, Reading Emre, merve emre, John Guillory, Dorothy Parker, Christopher Hitchens, Jon Fosse, Stephanie LaCava, Batuman, Lawrence, Alison Roman, Frank Gehry, Jason Stanley, someone's, they're, Anna Shechtman, Anne, Maggie Doherty, doesn't, Emre Emre, Roald Dahl's, Matilda, Myers, Briggs, you've, I've, Bain, Chris Bierly, I'd, Amy Lombard, Ferrante, She's, Christian Nakarado, Leo Carey, Jason, Nakarado, hasn't, Emre's, Altan, Emre lasered, Ara Osterweil, McGill, Beyoncé, Osterweil, Al Jazeera, sensitively, Ivy pricks, she's, Michael Berube, He'd, he'd, James Joyce, Simone de Beauvoir, Merve, Sarah Chihaya, —, Mary Butts, Leonora Carrington, Susan Taubes, Taubes, Durga Chew, Christian Lorentzen, Orhan Pamuk, Lena Dunham, Chew, Bose, Yale's, it's, she'd, Taylor Swift, Elif Batuman, Swift, Janet Malcolm, Charlie Kaufman, Roth, we're, What's, Natalie Portman, Mila Kunis, It's, Elizabeth Morache, Rebecca Zisser, David Bergman Organizations: The New York, McGill, Times, New York Magazine, The, Yorker, Wesleyan University, Reading, Twitter, McGill ,, Wesleyan, Ivy League, Yale, Shapiro Center, Creative, NBA, Harvard, Bain & Company, Insider Yale, HBO, Congress, NPR, American Academy of Arts and Sciences, New York, Yahoo, Oxford, Oxford . McGill, University of Oxford, Penn State, Fordham University, Boston, Intelligence Squared, Yale Science, University, Whitney Museum, Netflix Locations: Rachel Comey's Soho, McGill , Oxford, Columbia, Norwegian, New Haven , Connecticut, New Haven, Adana, Turkey, New York, Cambridge, Montreal, United States, chiseling, Turkish
☆ Top North Carolina Republicans privately encouraged then-Democrat Tricia Cotham to run for the state House in 2022, a year before she switched parties and gave the GOP a veto-proof majority
  + stars: | 2023-07-30 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +4 min
Two of North Carolina's top GOP leaders encouraged Tricia Cotham to run for office last year, per The Times. Cotham, from a family with deep Democratic roots, flipped to the GOP three months into her new term. And then Cotham in April made a decision that immediately transformed North Carolina politics, as she switched from the Democratic Party to the GOP, giving the latter party supermajorities in both the state House and state Senate. What was previously unknown until now was that top North Carolina Republicans — namely House Speaker Tim Moore and House Majority Leader John Bell — had encouraged Cotham to run for the seat last year, according to The Times. Jonathan Coby, Cotham's former campaign consultant, told The Times that Cotham was irate over her political predicament.
Persons: Tricia Cotham, Roy Cooper, Tricia Cotham mulled, Cotham, didn't, Tim Moore, John Bell —, Bell, Cooper, Jonathan Coby Organizations: GOP, Democratic Gov, Service, North Carolina House of Representatives, Democratic, New York Times, House Democratic, Democratic Party, North Carolina Republicans, The Times, Times, Republicans Locations: Carolina's, Wall, Silicon, Charlotte, North Carolina
☆ Disney is set to report earnings after the bell — here's what to expect
  + stars: | 2023-05-10 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +2 min
Writers walk the picket line on the second day of the television and movie writers' strike outside Disney Studios in Burbank, California on May 3, 2023. A writers strike, a feud in Florida and ongoing company-wide layoffs — there is a lot more than quarterly earnings for CEO Bob Iger and the Walt Disney Company to address on Wednesday. As the pandemic era fades, Disney has staged a rapid financial recovery within most of its divisions, from theme parks to theatrical entertainment. Additionally, the company is already seeing rippling effects from the ongoing writers strike, including the production shutdowns of Marvel Studios' "Blade," which was set to begin filming in Atlanta next month, as well as the Disney+ Star Wars series "Andor." There is also the third wave of expected layoffs within the company, that industry experts expect to see announced soon.
☆ 10 Things in Tech: Charlie Bell speaks, Amazon RTO, and the lucrative side of teaching ChatGPT
  + stars: | 2023-04-26 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Amazon needs to watch out for Charlie Bell. A founder of Amazon Web Services and the firm's "best person in the room," Bell shook the industry last September when he joined Microsoft. Bell will be overseeing a new cybersecurity division at Microsoft — but insiders at both Amazon and Microsoft wonder if he'll go more directly up against his former employer. My colleague Ashley Stewart examines the growing threat of Microsoft now that Bell is free from his noncompete purgatory. Look into the future here for Bell — and Microsoft — without Amazon's restrictions.
☆ Opening Bell — Friday, March 24 2023
  + stars: | 2023-03-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpening Bell — Friday, March 24 2023Watch Friday's opening bell ring from both the New York Stock Exchange and the NASDAQ.
☆ This vegetarian couple got legally married in the Taco Bell metaverse in an ode to their Indian-American heritage and love of the fast-food brand
  + stars: | 2023-03-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: 1 min
They submitted a video homage to Taco Bell before the contest's deadline in early September 2022, and by October, they found out they had been selected out of more than 300 submissions. Taco BellIn the video, Godbole mentioned that Taco Bell was one of the first things she and Mohnot had bonded over as vegetarians who loved Mexican food. Mohnot put the final touch on the video when he cracked open a ring-shaped case — to reveal an actual wedding band — and earnestly asked, "Taco Bell — will you marry us?" See their winning entry below:
☆ Target will report earnings before the bell — Here's what to expect
  + stars: | 2023-02-28 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Target on Tuesday will report holiday-quarter results, as retailers brace for a year that appears poised to bring slower sales and more price-conscious customers. Yet over the past year, Target has faced a shift in both sales trends and market sentiment. The company has missed Wall Street's earnings expectations for three consecutive quarters and warned investors to expect soft holiday sales. Alongside its fiscal fourth-quarter results, Target is expected to share full-year guidance at an investor day in New York City. Groceries account for just 20% of Target's sales, while Walmart gets more than half of its sales from the frequency-driving category.
☆ Walmart will report holiday-quarter earnings before the bell — here's what to expect
  + stars: | 2023-02-21 | by ( Melissa Repko | ) www.cnbc.com   time to read: +1 min
Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Walmart will report its holiday-quarter earnings on Tuesday morning, as investors and economists try to gauge the health of the American consumer. Here's what analysts expect Walmart to report for the fiscal fourth quarter, according to Refinitiv consensus estimates:Earnings per share: $1.51 expectedRevenue: $159.72 billion expectedWalmart is expected to share its outlook for the year, too. Over the past two quarters, the company said about 75% of its market share gains in food came from households that make more than $100,000 a year.
☆ Target will report earnings before the bell — here's what to expect
  + stars: | 2022-11-16 | by ( Melissa Repko | ) www.cnbc.com   time to read: +3 min
Target on Wednesday will report its fiscal third-quarter earnings, as the big-box retailer tries to clear through an abundance of extra inventory and woo holiday shoppers. Here's what Wall Street is expecting, according to Refinitiv:Earnings per share: $2.13Revenue: $26.38 billionTarget's inventory was up 43% year over year in the first quarter and 36% in the second quarter. Those actions hurt the company in the second quarter, with profits falling nearly 90%. That would represent a jump from its operating margin rate of 1.2% in the fiscal second quarter. The company also showed improvement with its own inventory woes, saying inventory is up only 13% year over year — with most of that coming from inflation.
☆ Walmart will report earnings before the bell — here's what to expect
  + stars: | 2022-11-15 | by ( Melissa Repko | ) www.cnbc.com   time to read: +2 min
Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart on Tuesday will report its fiscal third-quarter earnings before the bell, as the retail giant caters to inflation-squeezed customers and gears up for the peak of holiday season. To drum up sales, Walmart, Amazon , Target and other retailers have kicked off the holiday season early. Walmart threw its own sales event in October to coincide with Amazon's second Prime Day-like sales event of the year. The company's shares closed Monday at $138.39, bringing Walmart's market value to about $375.62 billion.
☆ The Federal Reserve just upped the ante in its inflation fight (again). A central bank expert explains what it means and what happens next.
  + stars: | 2022-11-03 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
In case you missed it, you should know the Federal Reserve yesterday raised interest rates by 75 basis points. In this March 20, 2019, file photo, Federal Reserve Chair Jerome Powell speaks during a news conference in Washington. In his Wednesday press conference, Chairman Jerome Powell reiterated the central bank's commitment to bringing down inflation, made evident by the three-quarter point move. The pound is also down, as traders brace for the Bank of England's interest rate decision later today. The chief market strategist of a $1.1 trillion firm explained why markets could rally for the rest of the year but ultimately crater 10% next year.
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