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38 Mins Ago Chicago Fed President Goolsbee emphasizes need for ‘prudence’ in policy Chicago Federal Reserve president Austan Goolsbee emphasized the need for ‘prudence and patience’ in monetary policy decision-making process. Speaking at the Economic Club of Chicago, he said: “I think that at moments like this, of financial stress, the right monetary approach calls […]

What is the main reason for a persistent wealth gap between white and non-white families in the U.S.? Hint: it’s not because of inheritances. Intergenerational inheritances only account for about 14% of the wealth gap between Black and white households, according to a recent study from the Federal Reserve Bank of Boston. Instead, two of […]

Cisco (Nasdaq: CSCO) investors are getting a lift this morning, as shares are rallying after the company boosted its profit and revenue guidance in its second quarter fiscal 2023 earnings report, released on Wednesday night. More importantly, Cisco gave us insight on enterprise tech spending. Here’s the big surprise: There was no slowdown. In fact, […]

Charley Gallay/Getty Images Media conglomerate beats Wall Street expectations for December 2022 quarter Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2019 — while the Mouse House’s quarterly earnings topped Wall Street estimates, thanks to a surge in […]

European shares hit by weak earnings from U.S. tech giants  Reuters Source link

EMEA Morning Briefing: Disappointing U.S. Tech Earnings May …  Morningstar Source link

NEW YORK, Dec 28 (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year dominated by market-punishing Federal Reserve rate hikes designed to tamp down the steepest inflation in 40 years. The S&P 500

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Lululemon on Thursday reported sales and profit that topped estimates, but the company offered softer guidance […]

Image source: The Motley Fool. Zumiez (ZUMZ -6.11%)Q3 2022 Earnings CallDec 01, 2022, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator [Operator instructions] Good afternoon, ladies and gentlemen, and welcome to the Zumiez Inc. third-quarter fiscal 2022 earnings conference call. At this time, all participants are in a listen-only mode . […]

AUSTIN, Minn., Nov. 30, 2022 /PRNewswire/ — Hormel Foods Corporation (NYSE: HRL), a Fortune 500 leading global branded food company, today reported results for the fourth quarter of fiscal 2022. The fourth quarter and full year of 2022 reflect one fewer week compared to the prior year. All comparisons are to the fourth quarter of fiscal […]

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