After all, yesterday’s readout of the Fed’s latest policy-setting session points toward a rapid reduction in the central bank’s $9 trillion balance sheet.
She says, “When those minutes were actually released this afternoon, I think what you really saw was the solidification around the news that the Fed is very intent on combating inflation.” Nonetheless, as investors continue to navigate the choppiness in markets, there remains plenty of stock market news to consider today.
For a sense of scale, the current round of investments adds up to a whopping 11.4% stake in HP.
Even as the gradual return to offices takes place, businesses will still rely on HP’s personal computing and printing solutions.
To put things into perspective, this is above Wall Street’s estimates of $0.42 and $1.55 billion respectively.
He says, “We started the year with strong consumer demand and solid momentum across geographies, channels, and categories.” Bergh continues, “Our teams’ disciplined execution of our strategic priorities enabled us to deliver strong top and bottom-line growth as we capitalize on structural tailwinds and successfully manage a dynamic operating environment.
Moreover, the company also notes that consumers are willing to purchase its denim offerings even at higher price points.
For those uninitiated, HC is essentially a section in Walgreens stores where medical professionals consult customers.
At the same time, Walgreens is actively working with Clover Health to open 100 HC locations in New Jersey by the end of the year.
While most immediately assume that this will be another type of cryptocurrency, FT notes that the Facebook parent company is taking another route with Zuck Bucks.
To quote the article, “Meta is leaning towards introducing in-app tokens that would be centrally controlled by the company, similar to those used in gaming apps.” This would be similar to the ‘Robux’ currency used in Roblox’s main gaming platform.
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