Captain Minnie Mouse, ‘Frozen’ and a $5,000 Star Wars cocktail: Disney pins big hopes on new Wish cruise ship

Captain Minnie poses on board Disney’s newest cruise ship The Wish. Disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple weeks, is a 1,119-foot floating theme park. The Disney Wish is one of more than 30 ships from a variety of leaders in the cruise space expected to debut before the end of 2022, and dozens more are slated to join the seas through 2027. The fifth addition to the company’s fleet of cruise liners, The Wish is…

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Why blood makes up over 2.5% of all U.S. exports

In America, blood means big business. The North American blood market was valued at $3.3 billion in 2021, according to Global Market Insights Inc. Blood makes up 2.69% of U.S. exports, according to the Census Bureau. Since there is no substitute for human blood, demand can be hard to meet. During the Covid pandemic, the Red Cross announced its first-ever national blood shortage crisis. “There are still sporadic shortages,” Dr. Claudia Cohn, chief medical officer of the Association for the Advancement of Blood & Biotherapies, told CNBC. An early pandemic shortage…

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Supreme Court says EPA does not have authority to set climate standards for power plants

A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that Congress, not the EPA, has that power. The court’s ruling on the case, West Virginia v. the Environmental Protection Agency, affects the federal government’s authority to set standards for planet-warming pollutants like carbon dioxide from…

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Bed Bath & Beyond names new chief accounting officer in latest executive change as sales plunge

Bed Bath & Beyond on Thursday named a new chief accounting officer, marking another leadership change as the retailer struggles with plunging sales. The company said Laura Crossen will take over as the senior vice president of finance and chief accounting officer, replacing John Barresi, who resigned earlier this month after stepping into the role in May of last year. Crossen has been with the company since 2001, most recently as senior vice president of treasury, tax and finance transformation. The change comes a day after Bed Bath said it…

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Nikola tries again to win shareholder support to issue new stock – over objections of its disgraced founder

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is making another attempt Thursday to clear a shareholder hurdle to raise new funds – over the objections of its disgraced and now-departed founder. The long-embattled company is seeking to raise money by issuing new stock, a process that requires shareholder approval. Nikola’s June 1 annual shareholder meeting…

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Stocks making the biggest moves premarket: Walgreens, Constellation Brands, RH and others

Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, forecasting low-single-digit adjusted earnings growth. The stock fell 2.7% in premarket action. Constellation Brands (STZ) – The spirits producer beat estimates by 14 cents with adjusted quarterly earnings of $2.66 per share, and revenue that was above estimates as well. Constellation also gave an upbeat full-year forecast…

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5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, central bank rate hikes and the deluge of second-quarter earnings reports coming in a few weeks. The latest reading of the Fed’s favorite inflation gauge is due this morning, as well: the core personal consumption…

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Walgreens quarterly sales, profit beat expectations as chain grows online sales

The Walgreens store at State and Randolph Streets in Chicago. Nancy Stone | Chicago Tribune | Tribune News Service via Getty Images Walgreens Boots Alliance on Thursday reported quarterly sales and earnings that came in above expectations as it grew online sales and continued to administer Covid-19 vaccines. The drugstore chain stood by its outlook for the full year, saying it expects adjusted earnings per share to grow by the low single-digits. Shares of the company were down by about 2% in premarket trading. Here’s what the company reported compared…

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Cramer warns investors not to group all stocks of the same sector together – ‘No two stocks are truly alike’

CNBC’s Jim Cramer on Wednesday told investors that despite what might be happening in the market, they shouldn’t judge a stock based on its industry peers’ performance. “These days, it feels like up to 90% of a stock’s performance on a given day comes from its sector, something on down days that feels like a heavy gravitational pull,” he said. “I want to remind you that no two stocks are truly alike and, more important, the sector analysis everyone lives by these days is often a travesty of a mockery…

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Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue

A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines on Wednesday delayed shareholder vote on its proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday so it can further discuss options with Frontier and rival suitor JetBlue Airways. It is the second time Spirit has delayed a vote on its planned combination with Frontier and extends the most contentious bidding war of a U.S. airline…

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