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US banks could invest in venture capital funds again under 'Volcker rewrite' WASHINGTON (Reuters) - U.S. banks would be able to take large stakes in venture capital funds under a proposal to ease strict bank trading and investment rules introduced following the 2007-2009 global financial crisis, regulators said on Thursday.
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A quarter of millennials say they've saved $100000 — yet many claim they need $1 million to feel financially secure The most fortunate young Americans are ahead of their older peers when they were their age. A sizeable number have seen a savings bump in recent years. One quarter of millennials have $100,000 or more in savings, up from 16% two years ago, according ...
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Delta Amex credit cards relaunch with new benefits and limited-time bonus offers American Express relaunched all seven Delta SkyMiles® credit cards today, Jan. 30, 2020, with new rewards, perks and limited-time welcome bonuses worth up to 100,000 miles, depending on the card you open. All Delta Amex cards also received a sleek ...
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Economic growth looks even weaker this quarter, with virus now a wild card Coming off the slowest year of growth in three, the economy in the first quarter of 2020 is expected to slow down even more due to the impact of Boeing and now the potential wild card of the coronavirus. Fourth quarter GDP growth was 2.1%, in line with ...
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Slack Nylon Demand Strains DuPont's Sales DuPont de Nemours Inc. said falling nylon prices will weigh on its profit this year, a consequence of weak industrial output that is hurting sales for some U.S. manufacturers. The Wilmington, Del.-based company said Thursday that higher supply of nylon and ...
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Why Inovio Pharmaceuticals Stock Is Soaring Today Inovio Pharmaceuticals (NASDAQ: INO), a pre-revenue synthetic vaccine developer, continued its volatile week today. The biotech's shares were up 11% on nearly five times the average daily volume as of 10:37 a.m. EST on Thursday. Inovio's shares are ...
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These Two Cruise Stocks Could Take a Hit From Wuhan Coronavirus Cruise line operators are already planning for the Wuhan coronavirus to affect their business. How should investors react? Pearl Wang. (pearlw). Jan 30, 2020 at 12:12PM. The new coronavirus that began in China has now infected more than 8,200 people ...
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How Apple Thinks About Apple TV+ Apple (NASDAQ: AAPL) formally entered the streaming wars in November with Apple TV+, the company's first video-streaming service, which it has high hopes for. It's a crowded and competitive landscape, but the tech giant has the wherewithal to play the ...
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AT&T tried to buy out the streaming wars — and customers are paying for it Over the past five years, AT&T has spent hundreds of billions of dollars preparing for the streaming wars, going on a spree of mergers and acquisitions to build a juggernaut that could stand against companies like Netflix, Apple, and Amazon. But as this week's ...
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Delta Plans Second Uniform Rollout As Union Continues To Organize Flight Attendants Delta Air Lines said Wednesday it will drop an employee uniform design it introduced two years ago and come up with a new one by 2021. The move comes as the new purple uniforms face objections from flight attendants, some of whom have said that ...
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Is Biogen Stock a Buy? Biogen handily beat expectations in the fourth quarter, but that doesn't mean this biotech stock is worth buying today. George Budwell. (TMFGBudwell). Jan 30, 2020 at 11:40AM. Author Bio. George Budwell has been writing about healthcare and ...
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6-year-old's brutally honest Shirley Temple reviews will make your day Leo Kelly is on a mission to find the perfect Shirley Temple. He even calls himself the "Shirley Temple King." Oh, and did we mention he's only six years old? The Fairfield County, Connecticut resident regularly travels around his hometown to try local ...
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Verizon falls as Disney+ subscriber boost comes at a cost New York (CNN Business) Good news for Verizon. A lot of people took advantage of the company's offer of free Disney+ for a year so they could get their Baby Yoda fix. Verizon reported fourth quarter revenue Thursday that topped analysts' forecasts.
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US STOCKS-Wall St falls on China virus concerns, Facebook earnings (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Facebook slides as it warns of revenue growth slowing. * Tesla jumps after posting second straight quarterly profit. * Defensive sectors among gainers. * Indexes down: Dow ...
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Do NOT buy the dip, warns investor who says a 'brutal bear market' looms Kevin Smith, chief investment officer at Crescat Capital, says the bear case for U.S. stocks has never been stronger" and it's time for investors to be aware of the "gravity" of the current situation. "We certainly did not predict the Coronavirus, but it may prove to ...
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Is Natural Gas Really Helping the US Cut Emissions? Can natural gas be part of a climate change solution? That's what the American Petroleum Institute argues in a new campaign it has launched ahead of this year's elections, pushing back against some Democratic candidates who support bans on new ...
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GE shares jump 10% on profit beat, higher 2020 cash target (Reuters) - General Electric Co (GE.N) sold more investors on its turnaround story on Wednesday, sending shares 10% higher on its quarterly profit and cash results that beat forecasts, and its bullish cash target for 2020. FILE PHOTO: A General Electric (GE) ...
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New US jobless claim fall slightly to 216000 The numbers: The number of Americans who applied for unemployment benefits in late January fell slightly and gave no hint of rising layoffs, indicating the labor market remains very robust. Initial jobless claims declined by 7,000 to 216,000 in the seven days ...
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Wanted: 3 men accused of helping Carlos Ghosn escape Japan in a case Tokyo (CNN Business) Japan has issued arrest warrants for Carlos Ghosn and three "collaborators" accused of helping the former auto industry titan escape from the country. The Tokyo Prosecutor's Office said in a statement Thursday that Ghosn left Japan ...
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Why Sundial Growers Stock Is Crashing Today Shares of Sundial Growers (NASDAQ:SNDL) were crashing 28.3% as of 11:31 a.m. EST on Thursday after the Canadian cannabis producer announced the unexpected departure of CEO Torsten Kuenzlen. Sundial stated in a press release that Kuenzlen had ...
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Indian smartphone makers fear supply disruptions due to China virus NEW DELHI (Reuters) - The deadly coronavirus outbreak in China could start to disrupt India's production of smartphones if it continues to spread in February, industry executives said, as it could delay component shipments. FILE PHOTO: Three models of ...
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Southwest disputes US government audit on safety lapses, shares slide New throughout, adds FAA comment, background from official. WASHINGTON, Jan 30 (Reuters) - Southwest Airlines LUV.N on Thursday disputed the findings of a draft U.S. government audit that claimed the U.S. carrier failed to prioritize safety by flying ...
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Tesla Cybertruck vs. GMC Hummer EV, Bollinger and Rivian: Electric trucks are coming World, meet Cybertruck. Tesla. There was a long period of time when Tesla, had it launched its Cybertruck, could've been the only electric pickup around. Those days are long past, and now the Big T's impossibly angular truck-thing looks like it will have some ...
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Spirit Airlines celebrates 5 years at Cleveland Hopkins with additional flights to Florida, Las Vegas CLEVELAND, Ohio — Spirit Airlines Thursday announced major additions to its Cleveland network, increasing service to Florida, Las Vegas and Myrtle Beach, and vowing to become the region's most popular low-cost carrier. The additions in service should ...
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Renewable energy predicted to surpass natural gas in US by 2045 The Annual Energy Outlook 2020 predicts a sharp increase in renewables over the decades, a continual decline in nuclear and coal, and a small drop in natural gas sources. The agency's 2020 report is a shift from last year, which said natural gas would ...
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Boeing To Buy More 737 Max Simulators As Airlines Eye Training Rush Boeing (BA) is buying more 737 Max simulators as airlines around the world face a scramble to train their pilots so the grounded planes can get back in the air. X. Error loading player: No playable sources found. There are currently 36 simulators for Boeing ...
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Postal worker filled Virginia storage unit with mail he couldn't 'make time' to deliver, officials say A Virginia Postal Service worker who told officials he rented a storage unit to hide thousands of pieces of mail he could not "make time" to deliver is set to be sentenced next month, federal authorities said. Jason Delacruz told agents with the U.S. Postal ...
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GLOBAL MARKETS-Stocks tumble over China epidemic worries ... * MSCi world index down 0.5%. * Europe's STOXX 600 loses 0.8%. * Virus toll rises, WHO to reconsider declaring emergency. * Economists slash China growth forecasts. * U.S. yield curve inverts as safe-haven assets sought. * BOE rate decision at 1200 ...
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Victoria's Secret Could Be Up for Sale. Here's Who Might Buy It. News of L Brands ' potential spinoff of Victoria's Secret sent the stock soaring. But it wasn't because investors want to own an independent lingerie retailer. The brand is weighing down the valuation from the broader company, analysts say. And while some ...
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Enterprise Products Partners closes year with record $4.6 billion profit Houston pipeline operator Enterprise Products Partners finished 2019 with a record $4.6 billion profit after shattering 28 company records. In an early Thursday morning statement, Enterprise said it ended the year with a record $4.6 billion profit, a 9 percent ...
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KKR-Led Funding Round Gives $100 Million to Startup Policygenius Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, ...
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State Takes Action Against American Airlines Subsidiary After Worker Death at CLT The North Carolina Department of Labor is citing Piedmont Airlines, a regional subsidiary of American Airlines, with a penalty of $19,600 in its investigation of Kendrick Hudson's death at the Charlotte Douglas International Airport. Hudson, a 24-year-old ...
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The 5 Best Medicated Lip Balms When have dry, chapped lips and require more than a swipe of gloss, the best medicated lip balms are there to help. Though we tend to blame the weather for our chapped lips — and granted, during winter, a lack of moisture in the air and heat blasting in our ...
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Don't stuff yourself with chips and dip on Super Bowl Sunday, go deep with your veggies and fiber NOW: Don't stuff yourself with chips and dip on Super Bowl Sunday, go deep with your veggies and fiber. NEXT: 2:37. Don't stuff yourself with chips and dip on Super Bowl Sunday, go deep with your veggies and fiber. 0:15. CBS 58 Investigates Car Title ...
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Uber and DoorDash held failed merger talks Uber and DoorDash held talks to combine last year in a deal that would have accelerated the long-awaited consolidation of the lossmaking food delivery industry, according to people close to the discussions. The talks, held roughly six ...
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Cheap natural gas, mild winter push down Columbia Gas bills Columbia Gas of Ohio customers are benefiting from abundant supplies of natural gas and mild winter weather. The natural gas-distribution company said Thursday that customers paying the standard price will pay the lowest February rate in at least a decade ...
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Powerball winning ticket for $396.9M jackpot sold in Florida The winning Powerball ticket for Wednesday's $396.9 million jackpot, the 28th largest in U.S. lottery history, was bought at a convenience store in Florida, officials said. If the winner chose the cash option, the lucky ticket is worth $274.6 million. The ticket was ...
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Alliance Data: 4Q Earnings Snapshot COLUMBUS, Ohio (AP) _ Alliance Data Systems Corp. (ADS) on Thursday reported fourth-quarter profit of $130.4 million. The Columbus, Ohio-based company said it had profit of $2.74 per share. Earnings, adjusted for one-time gains and costs, were $4.12 ...
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Car Service DC, Connect, Shares Bridal Excitement and Tips for Enjoying Washington Wedding Experience Events LOS ANGELES, Jan. 30, 2020 /PRNewswire/ -- Calling all brides to be! Wedding planning is an exciting time, but there is a lot to do. For Washington, DC brides, the Washington Wedding Experience took place on January 19, 2020. This event, at the ...
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Q4 GDP 2.1%, In-Line with Q3; Plus Q4 Earnings from VZ, KO & More Thursday, January 30, 2020. The initial read on fourth quarter Gross Domestic Product (Q4 GDP) hit the tape ahead of today's opening bell, with results better than analysts had been predicting: +2.1% was 30 basis points higher than the 1.8% expected, and ...
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Why the coronavirus is good news for investors Those longing for an attractive entry point into the bull market may have just found an opening thanks to the coronavirus. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite have come well off their record highs hit in mid-January as China's ...
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Dow Futures Crushed as Dreaded Recession Signal Flashes Again At the same time, the bond market flashed the dreaded 'recession warning' as the yield curve briefly inverted. The yield curve inversion has infamously preceded almost every recession in modern history. Global stock markets recoiled overnight with the Dow ...
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Stem cell clinics' much-hyped treatments lack scientific support Joanna had just turned 62 when she noticed that she couldn't stand very long before her right leg would hurt. She thought it was from an old injury, when her dog had slammed into her thigh. When the ache moved to her wrist, she went to a doctor who said ...
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