A file photo of former pharmaceutical executive Martin Shkreli. Getty Images Once upon a time …. the same lawyer who negotiated a mysterious sale of a one-of-a-kind Wu-Tang Clan album forfeited by “Pharma Bro” felon Martin Shkreli was involved in legal issues around that very same hip-hop group and record. The New York lawyer, Peter
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Billionaire businessman Ken Langone told CNBC on Wednesday he expects higher-than-usual inflation to hit the U.S. economy for longer than the Federal Reserve anticipates. In an interview on “Squawk Box,” the Home Depot co-founder said both raw material and labor shortages have caused increased consumer prices during the pandemic economic reopening. Now, the potential for
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In this article MCD McDonald’s on Wednesday reported double-digit U.S. same-store sales growth compared with 2019 levels in its latest quarter, fueled by higher demand for its chicken menu items. Shares of the company were flat in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey
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Dubai-based mobility company Swvl said Wednesday that it plans to go public through a reverse merger with Queen’s Gambit Growth Capital. The special purpose acquisition company is led entirely by women.  Founded in 2017, Swvl provides ridesharing services in emerging markets that don’t always have reliable public transportation. Unlike ride-hailing services that focus on one-off
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In this article GOOGL Alphabet reported Q2 2021 earnings after the bell. The stock rose more than 3% after hours on the strong numbers, which crushed analyst expectations. Here are the results. Earnings per share (EPS): $27.26 vs $19.34 per share, according to Refinitiv estimates. Revenue: $61.88 billion vs $56.16 billion, according to Refinitiv estimates.
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In this article SBUX Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks on Tuesday reported soaring cold drink sales in the United States, fueling an earnings and revenue beat for the company. The company also narrowed its forecast for same-store sales growth for fiscal 2021. Here’s what the company reported compared with what Wall
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In this article UPS Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia. Casey Sykes | Getty Images Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter
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andresr | E+ | Getty Images Millions of Americans are feeling a financial boost from federal stimulus checks and monthly child tax credit payments. Those direct checks were made possible by tax credits that were created or expanded through legislation aimed at helping the U.S. economy bounce back from Covid-19. And as Americans get used
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 “Yes, I’m vaccinated,” says NBA legend Charles Barkley. “Everybody should be vaccinated. Period.” “The only people who are not vaccinated are just a–holes,” he says. The 58-year-old NBA Hall-of-Famer says he personally thinks sports leagues should force players to get vaccinated. “Can you imagine if one of these guys that are not vaccinated, if they
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Frederic J. Brown | AFP | Getty Images It can literally pay to get a Covid vaccine in some places. Across the country, many states are offering lottery prizes to boost the number of residents who inoculate themselves against the virus. If you are among the winners, just don’t forget the taxman. “Generally, when people
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