Author: super@dmin
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The Wall Street Journal: Elon Musk floats possibility of his successor at Tesla, says he plans to eventually find new Twitter CEO
Elon Musk recently floated the possibility of someone succeeding him as Tesla Inc. chief executive, a board member said Wednesday while testifying in a trial over the CEO’s pay package at the electric-vehicle maker.
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Personal Finance Daily: Thanksgiving dinner costs 20% more this year as price of most ingredients spike and one sign the FTX crypto implosion hasn’t wrecked many stock investors — so far
Wednesday’s top personal finance stories.
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Earnings Results: Nvidia earnings chopped in half along with gaming sales as chip maker is ‘adapting’
Nvidia Corp. shares ticked higher in the extended session Wednesday after the chip maker’s expected exposure to a U.S. ban on certain tech sales to China did not prevent it from topping Wall Street revenue estimates.
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Earnings Results: Bath & Body Works rockets higher on elevated profit forecast
Shares of Bath & Body Works Inc. surged after hours on Wednesday, after the retail chain hiked its full-year profit outlook and third-quarter results that beat expectations.
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: Amazon confirms layoffs, becoming latest tech powerhouse to slash roles
Amazon.com Inc. confirmed plans to lay off workers in its devices and services business, becoming the latest technology company to eliminate jobs amid a shaky economic climate.
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The Wall Street Journal: Two top CBS execs ousted amid Paramount’s broader restructuring
The top two entertainment executives at CBS are leaving as part of a broader restructuring at the network and its parent company, Paramount Global.
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Earnings Results: Cisco’s stock rises on strong quarterly sales, guidance
Cisco Systems Inc.’s stock rose in extended trading Wednesday after the company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance.
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: Sonos execs say trends have ‘stabilized,’ stock heads higher after earnings
Sonos Inc. executives say trends in the business have recently “stabilized,” and its shares were headed higher in Wednesday’s aftermarket activity as the company beat revenue expectations for its latest quarter.
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Crypto: FTX collapse to come under Washington spotlight as hearing planned; Yellen calls for better crypto oversight
The implosion of crypto exchange FTX is about to come in for more scrutiny in Washington, with a key House committee announcing a hearing and Treasury Secretary Janet Yellen saying more effective industry oversight is needed.
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: Hasbro, Mattel stocks suffer as Target sees toy sales slow
Target’s earnings woes spilled over to shares of toy makers Hasbro and Mattel after the retailer said it saw a sharp slowdown in toy sales in October.