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Fed to cut rates for first time since 2008 to save the long-running economic expansion The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that seems set to be headed into a downward spiral. The Federal Open Market Committee, at the end of its two-day meeting Wednesday, ...
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What you need to know about Capital One data breach affecting more than 100 million customers Once again, consumers are confronted with another security breach potentially compromising their personal information. On Monday, Capital One announced a massive breach involving more than 100 million customers, compromising information such as ...
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Apple baits Trump by saying it wants to keep making Mac Pro in the US During this afternoon's call with investors, Apple CEO Tim Cook said that the company aims to assemble the 2019 Mac Pro in the United States — just as it did with the previous "trash can" design of the high-end desktop. Apple highlighted the US assembly of ...
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Some hospitals are already offering price estimates The CMS on Monday issued several proposed rules that, among other changes, would require hospitals to publish payer-negotiated prices for various services alongside standard gross charges. The goal is to make it easier for patients to understand the cost ...
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1 In 4 Food Delivery Drivers Admit To Eating Your Food The smell of a mouthwatering meal is hard to ignore — especially when it belongs to someone else. At least that's the suggestion of a recent study which found that nearly 30% of drivers are snacking from the food they're responsible for delivering. The survey ...
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Newer drugs help Eli Lilly top Wall Street quarterly profit estimate (Reuters) - Eli Lilly and Co (LLY.N) reported a second-quarter profit that topped Wall Street estimates and raised its 2019 earnings forecast on Tuesday, as higher demand for newer drugs offset increased discounts for the U.S. Medicare program and sales ...
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Under Armour's North American business has taken an unexpected hit Under Armour delivered some bad news this morning. Beyond a 3.2% drop in its quarterly North American sales, the athletic apparel company's projections slipped as well. Where previously it had predicted full-year sales in the region to be basically flat, ...
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GrubHub Outlook Sparks Slump While Bulls Keep the Faith GrubHub Inc. shares tumbled on Tuesday after the food-delivery company gave an outlook that was below expectations, although analysts continue to be positive on its longer-term potential. The stock dropped as much as 13%, and closing with a decline of ...
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Dish Network may cut ties with regional sports networks Sold for $10 billion less than their asking price, the Fox RSNs no longer call the shots in the distribution wars. By Anthony Crupi. Published on July 30, 2019. Credit: Illustration by Ad Age. Composite images: Bloomberg, Yes Network via Youtube.
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MTA testing out new technology to track riders' phones in subway stations The subway has a new set of eyes in the sky. The Metropolitan Transportation Authority is testing out a system of high-tech cameras and sensors that will track the way passengers move through subway stations, agency officials announced Tuesday.
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Bayer Will Settle Roundup Lawsuit for the Right Price (Bloomberg) -- Bayer AG Chief Executive Officer Werner Baumann said he'd consider a "financially reasonable" settlement of litigation over the weedkiller Roundup as the caseload swells and the company's shares slump anew. The number of lawsuits from ...
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The 2020 Chevy Corvette C8 Drew Tons of Attention at the Concours of America The 2019 Concours d'Elegance of America was this past weekend at the Inn at Saint John's in Plymouth, Michigan, and Chevy had a fairly large building erected on the lawn to show off the new 2020 Corvette C8. Two different versions of the C8 were present, ...
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After 'no objection' by US authorities, Chinese-owned Grindr will go ahead with IPO listing Grindr, the popular gay dating app with millions of daily users, announced Monday that it has restarted plans for an initial public offering, after the idea was shut down by U.S. authorities last year. Grindr's parent company, the Chinese mobile gaming giant ...
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8 National Avocado Day 2019 Food Deals That Will Guac Your World 364 days a year, we bitch and moan about that extra two bucks we've gotta spend for a side of guacamole, but on July 31 (and July 31 alone) restaurants across the country are celebrating National Avocado Day by slashing prices. Your precious guac is ...
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Cannabis sales could hit $41B by 2025, Nielsen predicts The market for all legalized cannabis, including CBD, is expected to quintuple from $8 billion in 2018 to $41 billion by 2025, according to new data from Nielsen. Since the Farm Bill legalized hemp last December, Nielsen found interest in alternative forms of ...
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GAM hires new chief and strikes deal with sacked manager Swiss investment firm GAM has hired former BlackRock executive Peter Sanderson as chief executive and ended its stand-off with a sacked star fund manager, as it seeks to draw a line under a bruising year. The beleaguered company unveiled further ...
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Eskom reports R20bn loss, not as big as expected, dollar bonds rally By Paul Burkhardt. (Bloomberg) – Eskom Holdings SOC Ltd., South Africa's debt-ridden power utility, reported a record annual loss of R20.7bn ($1.46bn), but its dollar bonds rallied on optimism that it is starting to stem the bleeding. Eskom's loss for the year ...
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FHRAI clarifies stance on banana row, says hotel conduct was not illegal NEW DELHI: In light of a recent incident at JW Marriott Chandigarh concerning celebrity Rahul Bose being billed Rs 442 for two bananas, the Federation of Hotel & Restaurant Associations of India (FHRAI) has clarified that the hotel has not done anything ...
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Axis Bank braces for slower growth, beefs up contingency provisioning After HDFC Bank and ICICI Bank, Axis Bank has now indicated that credit growth may take a hit in the coming quarters as the impact of slowdown intensifies. The private lender also beefed up additional provisioning to absorb any shocks in asset quality going ...
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2019 Audi Q3 second drive review: More for the masses The 2019 Audi Q3 has been a long time coming. After making its first appearance in the summer of 2018, I took a spin in a European-spec version of this compact luxury crossover last September. Now, almost a year later, the American Q3 is finally on our ...
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CannTrust interim CEO confident company will return to compliance with regulators The interim chief executive of CannTrust Holdings Inc. said he is "comfortable" that the beleaguered cannabis producer will return back to full compliance with Health Canada after an investigation determined the company was found to grow thousands of ...
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