Tuesday, December 7, 2021
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Dow futures plunge 400 points amid fears of new Covid variant found in South Africa

A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021.Brendan McDermid | ReutersStock picks and investing trends from CNBC Pro:Markets were closed on Thursday for Thanksgiving, so stocks are coming off of slight gains on Wednesday that staunched the week's losses for the

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10-minute grocery delivery start-up Getir to buy UK rival Weezy as buzzy market enters consolidation

A delivery driver of the Turkish delivery service "Getir" rides his bicycle.Michael Kappeler | picture alliance | Getty ImagesLONDON — Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the ultrafast grocery delivery market.Istanbul-based Getir, which aims to ship essential

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Sweetgreen shares surge 76% in salad chain’s stock market debut

Shares of salad chain Sweetgreen closed up 76% Thursday afternoon, surging in the company's public market debut.The stock opened at $52 a share, giving the company a market value of more than $5.5 billion. The company priced its initial public offering at $28 a share Wednesday evening, above its

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‘Criminals love buy now, pay later’: How fraudsters exploit popular interest-free payment plans

The Klarna logo displayed on a phone screen.Jakub Porzycki | NurPhoto | Getty ImagesLONDON — Buy now, pay later services aren't just popular among consumers. They're also proving to be a hit with criminals.Fraudulent activity is on the rise at some of the largest buy now, pay later (BNPL)

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Contrarian call suggests consumers are in trouble this holiday season

It may be evidence inflation is meaningfully stretching budgets.According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season."There's still this narrative that the rebound is there," the Economic Cycle Research Institute co-founder told CNBC's "Trading Nation"

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Chobani files to go public through initial public offering as its yogurt sales rise

Packages of Chobani yogurt sit on the shelf at a grocery store July 7, 2021 in Washington, DC.Drew Angerer | Getty ImagesYogurt and oat milk maker Chobani on Wednesday filed to go public on the Nasdaq Exchange under the symbol "CHO," becoming the latest food and beverage company to

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Amazon to stop accepting Visa credit cards issued in the UK, citing high fees

Leon Neal | Getty Images News | Getty ImagesLONDON — Amazon plans to stop accepting payments made via Visa credit cards issued in the U.K. starting next year.The e-commerce giant has told some customers that, from Jan. 19 onward, the company will no longer accept Visa credit cards issued

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Vietnam fintech Society Pass eyes more acquisitions to funnel growth

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDennis Nguyen, CEO of Vietnam-based Society Pass, outlines the company's growth plan in Southeast Asia using the capital it raised from its stellar Nasdaq debut. Source link

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