Economy

The stocks that move the most after hours: Lululemon, Costco and more

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, Calif., Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Find out which companies are making headlines after hours trading. lululemon – Shares of sportswear company Lululemon fell 9% after saying it forecast a weaker fourth quarter than Wall Street …

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Carl Pei’s Nothing plans to launch smartphone in US to take on iPhone

The Nothing Phone (1). Nothing UK-based consumer tech company Nothing is setting its sights on the US, with ambitions of taking on Apple’s iPhone. The startup, the hardware venture of Carl Pei — co-founder of Chinese mobile phone maker OnePlus — is in early conversations with American carriers about launching a new smartphone in the …

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Delta pilots reportedly get more than 30% pay raises under new contract

A pilot walks past the windows of the newly renovated Delta Terminal D at New York’s LaGuardia Airport on March 6, 2021. Timothy A. Clary | AFP | Getty Images Delta Airlines and its pilots’ union have reached a preliminary agreement for raises of more than 30% over four years, a landmark agreement that could …

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Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology Group Source: marvel.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chipmaker’s stock slid 4.9% premarket after quarterly sales and earnings fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. Inventory reductions by its customers are hurting results, he said. investment related …

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Inflation hangs over shoppers looking for Black Friday deals

NEW YORK (AP) — Cautious shoppers sought the best deals in stores and online as retailers offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. . Due to high prices for food, rent, gasoline and other necessities, many people were more selective, reluctant to …

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Recession will be an inch deep but a mile wide, says UBS strategist

Global economic conditions will change next year and that will change which markets and sectors are underperforming, according to UBS Investment Bank’s chief strategist. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between a third and a half of the countries the bank covers globally are facing a recession. “It’s an inch deep …

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Texas ‘anti-reawakening’ bank fails in 3 months

A banking startup backed by billionaire Donald Trump supporter Peter Thiel and touted as “anti-awakening” to “pro-freedom” Americans is closing after less than three months. The bank, GloriFi, spent $50 million on investment funds, laid off most of its staff on Monday and notified workers it was closing, The Wall Street Journal reported. The financing …

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Deere, HP, Nordstrom and others

Check out the companies making headlines before the bell: Deere (DE) – The heavy-duty equipment maker reported better-than-expected earnings and revenue for its latest quarter and issued an optimistic outlook. Deere said it benefited from positive agricultural fundamentals and increased infrastructure investment. Its stock jumped 4.2% in premarket trading. HP Inc. (HPQ) – HP rose …

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