Market
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Lumen’s stock soars further as fiber company boosts forecast on key metric
The telecommunications and fiber company now expects $1.0 billion to $1.2 billion in free cash flow for the full year,…
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Airbnb’s warning on U.S. demand ‘will likely only further stoke the soft-consumer thesis,’ analyst says
The home-sharing company said it is seeing “shorter booking lead times globally” in its earnings report. Source link
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Tim Walz and J.D. Vance are both Diet Mountain Dew fans. Here’s why that could hurt the brand.
Mountain Dew has been associated with youth culture, but the brand could now be struggling to make that connection. Source…
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Instacart shares are rallying on a forecast boosted by restaurant orders
Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped after the company forecast a…
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As inflation bites, parents are borrowing more than ever to pay for college
The annual Sallie Mae report on how America pays for college does not signal good news for next year, either.…
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Fed rate cuts could prove to be a double-edged sword when it comes to inflation
A day after U.S. recession fears swept global financial markets, a few things became clear. One of them is that…
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Positive COVID tests among Olympic athletes prompt WHO vaccination-rate warning
Since the end of the pandemic in 2023, “the perception that COVID is gone is real … but the virus…
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Why fiber company Lumen’s stock is extending its surge with an 80% pop
Lumen’s recent business wins around AI suggest “a greater amount of fiber-related demand should still be on the horizon,” a…
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Tempur-Sealy’s stock dips as earnings fall short of estimates and company lowers guidance
Tempur-Sealy International Inc.’s stock fell 1.5% Tuesday after the mattress maker posted weaker-than-expected second-quarter earnings and lowered its full-year guidance.…
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WK Kellogg Q2 revenue beats but stock slips on earnings miss, lowered guidance
Food giant WK Kellogg reported second-quarter results before market open Tuesday Source link
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