Business

Parents can’t find formula. A restaurant owner is tapping a special stash.

Parents can’t find formula. A restaurant owner is tapping a special stash.

Placeholder while article actions load One mother trekked 45 minutes to access Benji Arslanovski’s stash. Down to the last of her supply, another was terrified of running out before she found him. A grandfather in his 80s, helping a daughter stuck at work, drove an hour to meet the man who could get what so …

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Why this investor who paid $650,000 to lunch with Buffett isn't buying or selling stocks right now

Why this investor who paid $650,000 to lunch with Buffett isn’t buying or selling stocks right now

It’s 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. He also cites the possibly apocryphal …

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Target shares sink more than 20% after company says high costs, inventory woes hit profits

Target shares sink more than 20% after company says high costs, inventory woes hit profits

Target on Wednesday reported quarterly earnings that fell far short of Wall Street’s expectations, as the retailer coped with pricey freight costs, higher markdowns and lower-than-expected sales of discretionary items from TVs to bicycles. Shares fell about 22% in premarket trading. Here’s what Target reported for the fiscal first quarter ended April 30, compared with …

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Stock market rebound fizzles, UK inflation hits 40-year high

Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of …

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Stock rally losing puff as economic growth doubts grow By Reuters

Stock rally losing puff as economic growth doubts grow By Reuters

© Reuters. A passerby wearing a protective face mask walks past an electric screen displaying a graph showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato/Files By Tom Westbrook SINGAPORE (Reuters) – Asia’s stock markets eked out their fourth straight session of gains on Wednesday, …

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Market Rally Shows Bullish Action; Broadcom Is A Buy

Market Rally Shows Bullish Action; Broadcom Is A Buy

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. The new stock market rally had strong gains Wednesday amid several bullish factors. Fed chief Jerome Powell said policymakers need to see “clear and convincing evidence” of cooling inflation before slowing the pace of Fed rate hikes, but he said a …

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Stock market news live updates: Stock futures rise to extend gains after Powell comments

Stock market news live updates: Stock futures rise to extend gains after Powell comments

U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs. Contracts on the S&P 500 edged higher. The blue-chip index ended …

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House Democrats to hold hearings on baby formula crisis, introduce bill to beef up FDA inspections

House Democrats to hold hearings on baby formula crisis, introduce bill to beef up FDA inspections

House Democrats will hold hearings on the baby formula shortage in the U.S., and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are safe for infants to consume. Rep. Rosa DeLauro, chair of the House Appropriations Committee, introduced legislation on Tuesday that would provide the FDA …

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Allianz subsidiary pleads guilty over a $7 billion investment implosion.

Allianz subsidiary pleads guilty over a $7 billion investment implosion.

The German insurance firm Allianz will pay more than $6 billion over the implosion of a group of hedge funds two years ago that stuck public pensions, religious organizations, foundations and other investors with heavy losses. An American subsidiary of the insurer, Allianz Global Investors U.S., pleaded guilty Tuesday to securities fraud for failing to …

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1. Huntsville scored high in housing and job market on the U.S. News & World Report list of best cities to live

Huntsville, Alabama takes the top spot for best place to live in America, beating Boulder, Colorado

Alabama’s largest city, Huntsville, has been named the best place to live in American, taking the prize from Boulder, Colorado for the first time in two years.  Huntsville’s high quality of life, affordability and cheap property appealed to Americans looking to put down roots amid the current ski-high housing costs, according to U.S. News & World Report’s …

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