Tag Archives: year

Google has launched its 2022 ‘Year in Search’ overview, which provides a snapshot of the key interests and trends throughout the year, based on Google Search activity. And it certainly provides a quick dose of recent nostalgia. As per Google: “Wordle was the top trending search globally, as guessing five-letter words every day became a way of life. We also saw pop culture continue to leave its mark as we searched for “how to become a fighter pilot” thanks to “Top Gun:… Source link

Citing the accomplishment by Costco Wholesale Corp. of keeping its prices competitive while boosting sales, Yahoo Finance has named the warehouse club operator its 2022 Company of the Year. “In a year of rampant inflation—not seen since the early 1980s—Costco  was a warm hug to millions of loyal members by keeping prices for everything from food to gasoline as low as possible, just as rivals were aggressively jacking up prices,” Yahoo… Source link

Indians form the world’s largest diaspora group at around 18 million. That has led to India receiving ever-increasing remittances over the years. In 2022, the amount has already touched $100 billion, making the country the first ever to reach the figure, World Bank data (pdf) show. “Remittance flows to India were enhanced by the wage hikes and a strong labor market in the United States and other OECD countries,” a Nov. 30 World Bank release said. Read more datawrapper-chart-So8Gk Inward… Source link

In a year of rampant inflation—not seen since the early 1980s—Costco (COST) was a warm hug to millions of loyal members by keeping prices for everything from food to gasoline as low as possible, just as rivals were aggressively jacking up prices. It also provided a warm hug to its fans on Wall Street, producing stellar results from sizable same-store sales increases to its stock price, which got the best of the S&P 500 (^GSPC) index. Not to mention its sales of $222.7 billion in the… Source link

There’s not a realistic scenario in which Lamar Jackson doesn’t make a lot of money playing football for the rest of his career. There might be 10-15 truly good NFL quarterbacks this season, and at his best Jackson is one of the best in the game. The “Jackson’s-bet-on-himself-is-a-loser” takes you’ll hear over the next week will be overstated and premature. He’ll get paid. The Washington Commanders made a trade this past offseason so they could pay Carson Wentz $22 million this season. So,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 21, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. There’s optimism in the air, based on some early Black Friday projections. Mastercard SpendingPulse sees Black Friday… Source link

This is a story about a story. A story about Sam Bankman-Fried, yes him, the now disgraced, former billionaire, founder, and CEO of crypto trading platform FTX which has just flamed out in spectacular fashion and filed for bankruptcy. You’ve probably read about Bankman-Fried — known as SBF by the cryptoscenti — and his implosion, the details of which are still unfolding. SBF hasn’t been shy about talking up his endeavors and/or giving his take, now one part apology, ten parts blame…. Source link

For Polestar (PSNY) CEO Thomas Ingenlath, the EV-maker’s first gross profit as a public company wasn’t the biggest takeaway from Q3. “Main message for me is, we are on track to deliver 50,000 cars this year,” Ingenlath said in an interview with Yahoo Finance. “So the cars are produced, they’re on the way to the customers, and we are cruising to the end of the year, delivering these cars.” Polestar has been able to ramp up, hit its production goals, and also trim its operating… Source link

Target stores are getting looted, and it’s taking a huge bite out of profits. The discount retailer told reporters on a call to discuss its third quarter earnings results that inventory shrinkage — or the disappearance of merchandise — has reduced its gross profit margin by $400 million so far in 2022. “There’s a handful of things that can drive shrink in our business and theft is certainly a key driver,” Target CFO Michael Fiddelke said. “We know we’re not alone across retail in seeing a… Source link

Elon Musk’s tenure at Twitter got even bumpier on Thursday, as he reportedly told employees during an emergency all-hands meeting that he can’t rule out the company filing for bankruptcy in the next year. Musk made the announcement during the all-hands meeting after an employee asked about the company’s current run rate, according to both The Information and Platformer managing editor Zoë Schiffer. Musk also reportedly told employees that if they weren’t physically at the office 40… Source link