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Meta, Amazon beat expectations with stellar results
Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Amazon also impressed investors with sales up to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season.
US govt sends drugmakers initial offers in price talks
The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to lower the prices many older Americans would pay for 10 medicines. Last October, major drugmakers behind 10 selected medicines for serious illnesses grudgingly agreed to negotiate on cutting prices.
Amazon results beat expectations after record holiday sales
Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.
IMF says central banks should not rush into rate cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.
Publicis settles opioid case with US states for $350 mn
Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing strategies" worsened the opioid epidemic, New York's top prosecutor said Thursday. Of the $350 million in the settlement, $343 million will go for payments to US states and territories and $7 million for legal feels, Publicis said.
Maroon 5, Keane, Ava Max, Lloyiso and More Rock Cape Town With Fire Performances at Calabash SA
The cape Town edition of the Calabash SA event was a complete success. The event met fans' expectations with electrifying performances from the stars.
The Facebook users redefining the 20-year-old social network
From California to Southeast Asia, Facebook is capturing a new generation of users who see it as a commercial tool rather than a fun networking platform.
Woman excited after single mom finds Mr right, gets married "She deserves it"
A daughter shared cute moments from her mother's wedding who finally found her prince charming. The woman and Mzansi alike expressed pride and joy.
DA leader John Steenhuisen refuses to apologise for crime warden remarks: He shops at Pep
John Steenhuisen, the Democratic Alliance's leader, said that he was not racist when he called the Gauteng Crime Prevention Wardens drunkards. SA was angry.
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