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The Federal Reserve will spend $931.4 million to print bills in 2023 — but there’s a problem with U.S. cash.”We haven’t modernized or changed our currency. That’s probably a mistake,” Aaron Klein, senior fellow of economic studies at Brookings Institute, told CNBC. “We should have dollar coins instead of paper…
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly.”Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down…
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French prosecutors have opened a preliminary investigation into multinational pharmaceutical company Sanofi over possible market manipulation.A judicial source confirmed to CNBC on Tuesday that the Parquet National Financier, the French financial prosecutor, opened a preliminary probe in March 2023 into counts of “dissemination of false or misleading information and price…
Uber reported third-quarter results Tuesday that missed analysts’ expectations on top and bottom lines but showed strength in other areas, like gross bookings, which exceeded the company’s guidance from the second quarter.Here’s how the company did:Earnings per share: 10 cents vs. 12 cents expected by LSEG, formerly known as Refinitiv.Revenue: $9.29 billion vs. $9.52…
Straumann Holding AG (OTCPK:SAUHF) Q3 2023 Earnings Conference Call October 31, 2023 5:30 AM ET Company Participants Guillaume Daniellot – Chief Executive Officer Yang Xu – Chief Financial Officer Conference Call Participants Daniel Jelovcan – Stifel Susannah Ludwig – Bernstein Maja Pataki – Kepler Cheuvreux David Adlington – JPMorgan Hassan…
Apple reported fiscal fourth-quarter earnings on Thursday that beat analyst expectations for sales and earnings per share, but revealed that overall sales fell for the fourth quarter in a row. Every hardware business outside of the iPhone declined year over year, with big drops in the iPad and Mac segments. Apple…
Apologies if you’ve heard this one before, but the jobs market is slowing down. No, really.Aside from the long-standing calls for a recession to hit the U.S., the expectation for a hiring retreat is probably the most oft-heard — and, so far, incorrect — economic call of at least the…
Scatec ASA (OTCPK:STECF) Q3 2023 Earnings Conference Call November 2, 2023 4:00 AM ET Company Participants Terje Pilskog – Chief Executive Officer Hans Jakob – Chief Financial Officer Conference Call Participants Jorgen Bruaset – Nordea Markets Andreas Nygard – Kepler Cheuvreux Terje Pilskog Good morning, and welcome to the presentation…
Amazon flooded its search results with irrelevant “defect” ads at the direction of Founder Jeff Bezos, pumping Amazon profits while steering shoppers to higher-priced goods, the Federal Trade Commission alleged in a newly unredacted portion of its antitrust lawsuit against the company.”At a key meeting, Mr. Bezos directed his executives…