August 1, 2023

Markets Now

HSBC raises outlook as profits nearly double

HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the world.  
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Stocks are having their best run since 2021. Can they beat the August doldrums?

US markets just wrapped up a winning July, with the S&P 500 and Nasdaq both notching their fifth positive month in a row.  
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What you need to know about the incandescent light bulb ban

America’s ban on incandescent light bulbs, 16 years in the making, is finally a reality. Well, mostly.  
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Bed Bath & Beyond is back from the dead

A month after announced it bought Bed Bath & Beyond’s brand out of bankruptcy, the company has dumped its name and morphed its website and app.  
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CVS is laying off 5,000 workers

CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed Tuesday.  
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'It's David and Goliath on steroids.' Meet the man fighting Taco Bell over 'Taco Tuesday'

A guy named Gregory Gregory, the Jersey Shore, Lebron James, millions of dollars at stake – the trademark scuffle over the phrase “Taco Tuesday,” is getting spicy. CNN visited the 5th-generation family-owned restaurant in Somers Point, New Jersey that’s in a legal standoff with Taco Bell after becoming the last “Taco Tuesday” trademark owner in the country.  
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Source: CNN Business

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