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Bed Bath & Beyond, Krispy Kreme, Target and more

Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and …

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Apple and Meta headsets could face a big challenge: Sticker shock

Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta Quest 2, retails for $400 …

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‘Serenity Now’: Hedge fund managed by Michael Burry of ‘The Big Short’ fame dumps stocks including Apple and Alphabet, adds GEO Group

Michael Burry, the investor who rose to fame after correctly predicting the US market’s meltdown during the 2008-2009 financial crisis, liquidated almost his entire equity portfolio during the second quarter, according to a regulatory filing for his Scion Asset Management hedge fund. Scion exited its positions in 12 equities, including Alphabet Inc. GOOGL, +0.03%, Apple …

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Apple reportedly lays off contract recruiters

Apple CEO Tim Cook walks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending, according to Bloomberg. The recruiters, who are responsible for hiring new employees at …

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Michael Burry of ‘The Big Short’ dumps all of his previous stock holdings and adds just one name

Famed investor Michael Burry, known for calling the subprime mortgage crisis, dumped all of his existing stock holdings at the end of the second quarter, according to a new regulatory filing. “The Big Short” investor sold out of all of his 11 equity positions last quarter, including Meta, Alphabet, Warner Bros. Discovery , Global Payments …

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Apple reportedly plans to put ads in more apps on your iPhone

iPhone 13 Pro Source: Apple Inc. Apple may expand its advertising to more of its first-party apps on the iPhone in an effort to boost revenue, according to Bloomberg The company currently generates about $4 billion in annual revenue from its ad business but wants to grow the segment into the “double digits,” according to …

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Paris Hilton will sell NFTs and hold virtual parties in The Sandbox

Paris Hilton this week announced that her company, 11:11 Media, will bring her world to the immersive virtual gaming world of The Sandbox. There, she’ll launch a “land,” in which she’ll interact with her fans and sell digital goods. The platform said Hilton “is planning social and community events such as rooftop parties and glamorous …

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Samsung Galaxy Z Flip 4 and Galaxy Z Fold 4 announced

Samsung Galaxy Z Fold 4 Samsung Samsung on Wednesday announced its newest foldable phones, the Galaxy Z Flip 4 and Galaxy Z Fold 4. The $999.99 Galaxy Z Flip 4 and the $1,799.99 Galaxy Z Fold 4 look very similar to last year’s Flip 3 and Fold 3. The Galaxy Z Flip 4 is a …

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BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling

Following July’s spectacular rally, US stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding economic data in recent years. But while the S&P 500 index has held above the key 4,000 level thanks largely to a …

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WhatsApp will soon let you slip out of group chats undetected

Chris Ratcliffe | Bloomberg | Getty Images WhatsApp is launching a new feature that will allow users to leave lengthy group chats without alerting others to their exit. Currently, pulling out of a WhatsApp group chat can be an awkward affair as everyone in the chat is informed when you leave. In larger groups, it …

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