Business

Comcast's Peacock Added About Four Million Subscribers in First Quarter

Comcast’s Peacock Added About Four Million Subscribers in First Quarter

Comcast Corp said the number of paying subscribers to its Peacock streaming service jumped by more than 40% in the first quarter, thanks in part to a jam-packed February of top sporting events, which included the Super Bowl and Beijing Winter Olympics. The performance of Peacock, which has been slow to gain traction since its …

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Moderna seeks to be 1st with COVID shots for littlest kids

Moderna seeks to be 1st with COVID shots for littlest kids

Moderna is seeking to be the first to offer COVID-19 vaccine for the youngest American children, as it asked the Food and Drug Administration Thursday to clear low-dose shots for babies, toddlers and preschoolers. Frustrated families are waiting impatiently for a chance to protect the nation’s littlest kids as all around them people shed masks …

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PayPal Stock Jumps As Analysts Call Lowered 2022 Guidance A 'Clearing Event'

PayPal Stock Jumps As Analysts Call Lowered 2022 Guidance A ‘Clearing Event’

Analysts are debating whether the worst is over for PayPal Holdings (PYPL) in the wake of March-quarter earnings that met Wall Street targets and lowered 2022 guidance. PYPL stock jumped on Thursday after hitting a new 52-week low prior to its first-quarter earnings release. X After the market close on Wednesday, the e-commerce company said …

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FSIS Issues Public Health Alert for Ground Beef Products Due to Possible E. coli O26 Contamination

FSIS Issues Public Health Alert for Ground Beef Products Due to Possible E. coli O26 Contamination

WASHINGTON April 27, 2022, – The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert due to concerns that specific ground beef products may be adulterated with e coli O26. A recall was not requested because the products are no longer available for purchase. The ground beef items …

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Carvana, Once a Market Darling, Forced to Turn to Apollo for Cash

Carvana, Once a Market Darling, Forced to Turn to Apollo for Cash

Carvana Co. CVNA -2.08% ‘s financial troubles spilled over into debt markets this week when the online used-car dealer struggled to sell bonds and was forced to turn to Apollo Global Management Inc. APO 2.73% for $1.6 billion to salvage the deal. The giant investment firm agreed to purchase about half of $3.275 billion of …

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Big Takeaways From The Am Law 100 Profits Per Equity Partner Ranking

Big Takeaways From The Am Law 100 Profits Per Equity Partner Ranking

The Am Law 100 doesn’t drop with the same fanfare as the US News rankings of law schools, which is a shame because there’s actually a lot more interesting data lurking in the annual law firm rankings. The “classic” Am Law 100 figure based on gross revenue revealed a whopping 52 law firms topping $1B …

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The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in Mortgage Rates

The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in Mortgage Rates

At the time rate locks were issued for those deals, mortgage rates were still around 3.2%. By Wolf Richter for WOLF STREET. Home prices spiked in crazy leaps – including by about 30% or more in Phoenix, Tampa, and Miami year-over-year – according to the S&P CoreLogic Case-Shiller Home Price Index today. But this raging …

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