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CVS to shed 5,000 jobs in a cost-cutting push

(Reuters) – The US pharmacy chain CVS Well being will reduce 5,000 jobs, the Wall Road Journal reported on Monday, citing a word to workers. In an e-mail response to Reuters, CVS confirmed that the corporate was shedding some non-customer-facing workers to chop prices, however didn’t touch upon the variety of workers affected. An organization spokesperson stated CVS expects “no affect on our customer-facing colleagues in our shops, pharmacies, clinics, or customer support facilities.” The pharmacy chain had about 300,000 workers within the US on the finish of final yr. Rhode Island-based Woonsocket will reduce journey bills in addition to

Shares are in the midst of a ‘pivot rally’ that also has room to run, in line with considered one of Wall Road’s largest bears

Bloomberg Tv The inventory’s current rally appears to be like rather a lot like what occurred in 2019, says Mike Wilson of Morgan Stanley. At the moment, the inventory market was rising within the route of the Fed’s coverage easing, and the dynamic is similar as within the current rally. “The info we now have in the present day tells us that we’re on a policy-driven trailblazer.” Shares are celebrating like 2019 because of the Federal Reserve, they usually can nonetheless go greater, in line with considered one of Wall Road’s most distinguished bears. Morgan Stanley’s Mike Wilson advised shoppers

Reinvent Your Career in 2025: Prepare to Rewrite Your Professional Story

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Reinvent Your Career in 2025: Prepare to Rewrite Your Professional Story

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Remote Work Hacks You Haven’t Tried Yet – Digital Nomad Secrets

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Cryptocurrency shares fell after a US choose gave the SEC a brand new push

Crypto shares fell on Tuesday after a US choose mentioned digital currencies could be thought-about securities when offered to most

US Treasury yields fell after Fitch downgraded its credit standing

By Kevin Buckland TOKYO (Reuters) – US Treasury yields fell in Tokyo on Wednesday after scores company Fitch downgraded the

Meme-Darling Nikola soars as retail traders pile in

(Bloomberg) — The gravity-defying rally in electric-car startup Nikola Corp exhibits no indicators of stopping, as the corporate’s newest efforts

Apollo leads a chapter mortgage deal for the Yellow Transportation Firm

(Reuters) – Collectors led by Apollo World Administration Inc. are near closing a deal to supply Yellow Corp with contemporary

Apple earnings quickly, and analysts proceed to spice up value targets for shares

font measurement Apple shares are up about 50% to date this yr. Dheeraj Singh/Bloomberg with apple With earnings set to

AMD’s beneficial properties, after surpassing the chipmaker’s estimates, made inroads into synthetic intelligence

(Bloomberg) — Superior Micro Units Inc. gained in late buying and selling after the chipmaker topped second-quarter estimates and noticed

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