In the headlines Nov 2: AMZN, CVS, WMT, WBA, VALE

By Kirsteen Mackay

Nov 02, 2022

Amazon hiring freeze, greed in food sales, risky trading, CVS, WMT, WBA opioid settlement and Vale sale are in the headlines this morning.

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#InTheHeadlines

Amazon Freezes Hiring Levels

Amazon.com Inc. (NASDAQ: AMZN) is reportedly freezing staffing levels in its profitable advertising business.

  • CFO said last week that the company was ‘investing’ in ads unit

  • E-commerce giant responds to a slower pace of sales growth

Soaring Food Prices, Soaring Profits

Some companies and restaurants continue to raise prices even after their own inflation-related costs are covered.

Risky Trading Strategy Proving Popular

Short-dated options fuelling intra-session volatility on S&P 500.

$13.8bn Opioid Settlement

CVS Health Corp (NYSE: CVS), Walmart (NYSE: WMT), and Walgreens Boots Alliance (NASDAQ: WBA) tentatively agrees to pay $13.8bn to settle opioid lawsuits.

Mitsui Eyes Vale Nickel Copper Stake

Mitsui considering a bid for a minority stake in Vale's (NYSE: VALE) nickel and copper operations.

Vale to Cash in on Copper

How Are Miners Set to Benefit from Net Zero Tech?

Powell: Rate hikes may slow, but inflation fight hardly over

Musk: People banned from Twitter won't be restored for weeks

CBS, Moonves must pay $30.5 million for insider trading

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This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.