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Monthly Archives: January 2023

Walgreens Boots Alliance (WBA) Q1 earnings 2023

Walgreens in Oakland, Calif. Yalonda M. James | San Francisco Chronicle | Hearst Newspapers via Getty Images Walgreens Boots Alliance on Thursday reported fiscal first quarter earnings beat Wall Street’s estimates Thursday after an early flu season boosted demand for cough and cold medicine. The company said it also raised …

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College degrees matter less in 2023 job applications

Your college degree might not matter quite as much in your 2023 job search as it used to. That’s a good thing, says Emily Rose McRae, an HR-focused senior director of research at analyst firm Gartner. In a report this week, Gartner predicted that the most successful companies this year …

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Workers still quitting at high rates — and getting a big bump in pay

Filadendron | E+ | Getty Images The share of workers who quit their jobs jumped in November for the first time since last spring — and they’re getting a big pay bump for moving, data shows. The “quits rate” among U.S. workers was 2.7% in November, up from 2.6% the …

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Memory prices to weigh on profit

Samsung has faced pressure from plunging memory prices which has impacted its key profit driving DRAM and NAND business. Josep Lago | AFP | Getty Images Samsung’s profit could nosedive when it reports fourth-quarter earnings guidance this week as prices for key memory chips continue to plunge amid weak demand. …

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Amazon CEO Andy Jassy confirms company will cut over 18,000 jobs

Andy Jassy, CEO of Amazon Web Services. CNBC Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall Street Journal reported on the cuts earlier, which Amazon said preempted its planned announcement. related investing news …

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Hong Kong stocks off to best start since 2018 on China recovery hopes

Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong stocks kicked off 2023 with the most gains they’ve seen in the first trading session of a year since 2018. …

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Cramer’s lighting round: Stay away from Blackline

Blackline Inc: “It’s enterprise software that’s losing money. Those are the ones I’m trying to get people to stay away from.” Piedmont Lithium Inc: “Much too dangerous. Way too speculative. We’re going to take a pass on that one.” Bloom Energy Corp: “They’re not working. They’re too expensive. I want …

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Jim Cramer predicts these 10 S&P 500 stocks will perform well in 2023

CNBC’s Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year. To come up with his picks, he examined the best- and worst performers in the S&P 500 from last year and chose five potential 2023 winners from each list. “One of …

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Salesforce is cutting 10% of its personnel, more than 7,000 employees

Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan, the company announced Wednesday. The company employed more …

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More tech layoffs are coming after Salesforce’s 10% cut

CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds. “There are so many tech companies with bloated payrolls that are still trying to grow rapidly, overpaying for new employees, and they fear that layoffs will mean that their …

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