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Oprah's WeightWatchers exit sends stock tumbling
Oprah's WeightWatchers exit sends stock tumbling
Economy
by  AFP

Oprah Winfrey's announcement that she is leaving the board of WeightWatchers sent the company's shares tumbling Thursday -- the latest sign of trouble for the brand as it struggles to compete with new weight-loss drugs. "Director Oprah Winfrey has decided not to stand for reelection at the company's upcoming annual meeting of shareholders," WeightWatchers said in a statement Thursday.

US Fed official says open to 'summer time' interest rate cut
US Fed official says open to 'summer time' interest rate cut
Economy
by  AFP

The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday. Bostic's summer time cut prediction appears to chime with the current views in the financial markets about when the Fed could start reducing rates.