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Panicked selling of AAPL lets Apple buy back billions cheaply Media-induced panic related to the coronavirus outbreak has caused stocks to crash in value, with Apple's share price dropping to levels not seen since early December, back before it was appreciated how well Apple's iPhone 11, wearables, services, and ...
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Fed's Bullard Open to Rate Cut, But Leans Against It Federal Reserve Bank of St. Louis President James Bullard said Friday the coronavirus situation has opened the door to a central bank rate cut, but he still thinks the Fed won't need to take action if the health scare is contained, as he expects it will be.
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Amex Business Platinum card review: Luxury travel benefits for business owners Business owners that frequently travel for work can benefit from a luxury travel business card. The Business Platinum Card® from American Express offers over a dozen premium perks that can make travel for you and your employees simpler. There's lounge ...
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Oil prices fall, set for biggest weekly drop since 2008 NEW YORK (Reuters) - Oil prices slumped on Friday to their lowest in more than a year, set for their steepest weekly fall since 2008 as the global spread of the coronavirus stokes demand fears. FILE PHOTO: A seagull flies in front of an oil platform in the Bouri ...
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Remember When Bitcoin Was Supposed To Be Good As Gold? It Isn't Remember when Bitcoin was supposed to go —oh, never mind. I'm not saying moon. Remember when Bitcoin was supposed to be digital gold? That's what guys at Goldman Sachs were saying for at least two years. The theory: Bitcoin would behave as a ...
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US Consumer Spending Slows in January; Income Surges WASHINGTON — U.S. consumer spending rose less than expected in January, a loss of momentum that could be exacerbated by the rapidly spreading coronavirus, which has triggered a sharp stock market sell-off and revived fears of a recession. Other data ...
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JC Penney: Ask Not For Whom The Bell Tolls... As my fellow Forbes Contributor Sandy Stein points out in a related post on J.C. Penney's quarterly earnings report yesterday: "you know the bar has been set low when comparable sales...of negative 7.7% (and) twice the loss of the previous year, meets ...
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Stocks In Free Fall Again, As The Coronavirus Tightens Grip Updated at 11:30 a.m. ET. Stocks took another steep dive Friday, deepening a multi-day rout fueled by fears about the coronavirus' impact on the global economy. The Dow Jones Industrial Average extended its losses Friday, swinging between negative 700 ...
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Coronavirus Updates: What's the Latest? A Timeline of Recent Events First discovered in Wuhan China, COVID-19, better known as the coronavirus, has become worldwide news in the wake of its outbreak. As of this writing, over 2,800 people have had deaths attributed to the coronavirus, the overwhelming majority of which ...
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Why should I care if share prices fall? Big shifts in the stock market are often in the news, whether they are booms in the US or falls due to the coronavirus or the financial crisis. As companies grow, they issue shares. The largest companies in the UK have shares which are bought and sold on the ...
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Stock Market News: The Trade Desk, Foot Locker Among Only Winners in Another Rout Wall Street got off to another rough start on Friday morning as coronavirus fears once again took center stage. Investors seem paralyzed by the implications of the Covid-19 outbreak for the global economy, and with little clarity on the potential impacts, markets ...
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Occidental Petroleum could trim 2020 spending on coronavirus impact Feb 28 (Reuters) - Occidental Petroleum Corp Chief Executive Vicki Hollub said on Friday that the company is ready to reduce spending this year if oil markets continue to be roiled by global coronavirus fears. "As global commodity prices have declined ...
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3 Reasons Investors Are High on NVIDIA Following the Latest Earnings Results Chip demand for this tech giant is bouncing back after a slow year and data center revenue is climbing. John Ballard. (TMFRazorback). Feb 28, 2020 at 8:45AM. Author Bio. John covers consumer goods and technology companies for Fool.com. Shares of ...
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Mylan Sinks on Revenue Miss; Analysts Cautious Analysts were expressing caution about Mylan (MYL) - Get Report, which was sliding Friday after beating Wall Street's fourth quarter earnings expectations, but missing on revenue. On Thursday after the close, the U.K.-based drug maker reported earnings of ...
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Wondering about getting a job at SpaceX? Elon Musk says innovation is the main criterion In a wide ranging discussion at the Air Warfare Symposium held by the U.S. Air Force, Elon Musk touched on some old and new themes, but one highlight of the discussion was the small window into hiring and firing practices at SpaceX — arguably one of the ...
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Sanderson sustains wide loss on sluggish market prices LAUREL, MISS. — Lower market prices led to a wider loss at Sanderson Farms Inc. in the first quarter ended Jan. 31. Sanderson sustained a loss of $38.6 million in the first quarter, which compared with a loss of $17.8 million in the same period a year ago.
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How did wind power just become America's biggest renewable energy? In 2019, the United States generated about 4,118 billion kilowatt hours of electricity. According to new figures from the U.S. Energy Information Administration, here's a rough breakdown as to where all that power came from: 63% is still generated by fossil ...
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TurboTax's Bid to Buy Free Tax Prep Competitor Might Violate Antitrust Law, Experts Say "Allowing a near-monopolist to eliminate a maverick competitor poses obvious risks of harm," said one former DOJ lawyer of Intuit's proposed Credit Karma acquisition. "It's hard to imagine any reason why this should be allowed." by Paul Kiel and Justin Elliott.
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Authorities investigating reported sighting of Evelyn Boswell at North Carolina KFC KINGSPORT, Tenn. — Several new details have been released following the disappearance on 15-month-old Evelyn Boswell from East Tennessee. According to WJHL, state and local authorities are investigating a tip that Evelyn Boswell was spotted at a ...
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Beyond Meat Is Planning to Invest in Growth in 2020 After the markets closed on Thursday, Beyond Meat (NASDAQ:BYND) reported fourth-quarter and full-year 2019 results. In Q4, revenue surged 212% year over year to $98.5 million, bringing full-year revenue to $297.9 million. These results easily surpassed ...
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Analysts Bullish on Disney as Shares Take Beating From Coronavirus Analysts remain bullish on the outlook for Walt Disney (DIS) - Get Report even as shares of the entertainment giant have taken a beating in a brutal week for the market amid a transition at CEO and escalating coronavirus fears. After a sit-down with Disney ...
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Treasury rally sees no end as 10-year note yield dips below 1.20% mark U.S. Treasury yields fell for a seventh straight session on Friday, extending a relentless slide that has taken government bond yields to new record lows amid worries that the COVID-19 epidemic will curtail global economic activity.
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Monster Beverage (MNST) Q4 Earnings Top Estimates, Rise Y/Y Monster Beverage Corporation MNST reported impressive earnings and sales numbers in fourth-quarter 2019. Its top and bottom lines not only outpaced the Zacks Consensus Estimate but also improved on a year-over-year basis. The top-line performance ...
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Panera Bread starts unlimited coffee subscription for $9 a month Ever wished you could pay a flat fee for endless coffee on the go? Panera Bread has brewed up a hot project with that very pitch, offering an unlimited coffee subscription for $8.99 a month. Starting March 2, the bakery-café will serve unlimited coffee across its ...
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Dow's plunge not triggering panic-like behavior on NYSE, Nasdaq shows signs of dip buying While the Dow Jones Industrial Average DJIA, -3.11% extends its biggest weekly point drop in its history, and biggest percentage selloff since the financial crisis, market internals suggest NYSE investors are acting relatively calmly, with those buying Nasdaq ...
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What changes for inherited IRAs under the SECURE Act? Q. My wife inherited two IRAs from her mother in 2015. Her mother was over 70 1/2 and was taking Required Minimum Distributions (RMDs). My wife, 60, has continued taking the required RMDs. When my wife passes and I inherit the inherited IRAs, do I have ...
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Coronavirus Will Flatline the US Economy in 2020, Warns Goldman Sachs The growth rate of new infections in China is slowing, but diagnoses of COVID-19 are picking up speed in other countries. Rich Smith. (TMFDitty). Feb 27, 2020 at 1:17PM. Author Bio. I like things that go "boom." Sonic or otherwise, that means I tend to ...
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Refinances Dominated Freddie Mac January Volume Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 4.3 percent in January, a substantial change from the 15.2 percent gain in December. The portfolio balance at the end of the period was $2.339 trillion compared ...
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How to get a $100000 personal loan A personal loan can come in handy if you want to consolidate debt or make a big purchase without resorting to a high interest credit card. Unlike mortgages or car loans where the item being financed serves as collateral, it's possible to find personal loans that ...
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Apple Inc., JPMorgan Chase share losses contribute to Dow's nearly 700-point drop The Dow Jones Industrial Average is slumping Friday morning with shares of Apple Inc. and JPMorgan Chase facing the biggest setback for the index. Shares of Apple Inc. AAPL, -3.61% and JPMorgan Chase JPM, -4.87% have contributed to the index's ...
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Nap pods are here to make flying economy less dreadful Why have we all come to accept air travel in the economy class as a feat of personal strength? A designed space that's inherently flawed but character-building—our own personal set of Survivor? Air New Zealand is trying to put the whole "economy class is ...
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Shopify's Annual Developer Conference Canceled Amid Coronavirus Fears Key insights: This is the third major conference cancellation after F8 and Mobile World Congress. Shopify is canceling its annual developer conference, Shopify Unite, three months ahead of schedule because of coronavirus, officially dubbed Covid-19 by the ...
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Investment Lessons from Buffett's Shareholder Letter Berkshire Hathaway CEO Warren Buffett penned down his 54th shareholder letter earlier this week. Like every year, Buffett reported the company's performance and gave insights on his and his partner's, Charles Munger's, thoughts about investment.
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Delta chief financial officer Paul Jacobson to leave company The company announced Friday that Jacobson is retiring from Atlanta-based Delta. Jacobson is 48 years old, according to the company's annual report this month, making him the youngest of the company's executive officers. Delta did not give a reason ...
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Coronavirus continues impacting travel as British airlines cancel flights to Italy Ciao for now. British Airways and Easyjet have canceled some flights to and from Italy as demand for travel to the area slows amid the ongoing COVID-19 coronavirus outbreak. Reported cases of the novel coronavirus have recently surged in the ...
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6 cases of E. coli in Champaign, 2 other counties linked to Jimmy John's sprouts SPRINGFIELD — Six cases of E. coli illness in three Illinois counties, among them Champaign, have been linked to sprouts served at Jimmy John's restaurants, according to the Illinois Department of Public Health.
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Officials mistake elderly Illinois couple for armed bank robbers OAK PARK, Ill. — An elderly couple is upset and shaken up after police swarmed their car in a parking lot after they left their normal bank. Ottis Dugar, 86, and his 67-year-old wife Demitri still can't believe they were mistaken for armed thieves. The couple said ...
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Ding dong Dell, servers in the well. Who pulled them out? Little PC stout After all those costly company takeovers, Dell has reported that yet again good old-fashioned PCs came to its rescue to offset the continued slump in its server and storage business. The Texan tech outfit last night filed a 1 per cent year-on-year rise in Q4 ...
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PetSmart to hold Mardi Paws Adoption Event Feb. 29 KENNEBUNK -- Saturday, Feb. 29, is the Mardi Paws Adoption Event at PetSmart in Biddeford, part of PetSmart Charities' National Adoption Weekend. The Animal Welfare Society will have several litters of kittens and puppies just waiting to meet you.
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General Motors says its adding more than 1200 new jobs in Lansing area LANSING – General Motors on Friday announced the creation of more than 1,200 new jobs in the Lansing area. The auto manufacturer is adding employees to meet customer demand for mid-size sports utility vehicles and to support the launch of two Cadillac ...
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Dunkin' sells bags of bacon at its restaurants nationwide (Gray News) - Bacon lovers have a new option if they want to get their fix of the pork product. Dunkin' announced Wednesday it is offering its Snackin' Bacon menu item at all of its restaurants. The bacon comes with black pepper seasoning, and it is being ...
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Coronavirus fallout could be worse than the financial crisis Guggenheim Partners global CIO Scott Minerd tells Axios the fallout from the coronavirus outbreak could be "worse than the financial crisis." Why it matters: Minerd called out the "cognitive dissonance" in markets as stock prices hit new all-time highs in ...
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Gold Prices Tumble Amid Reports of Margin Calls By Geoffrey Smith. Investing.com -- Gold prices fell to their lowest level in 10 days on Friday as portfolio investors appeared to liquidate positions in favor of cash and bonds, as the flight from risky assets worldwide continued at breakneck pace. By 1100 AM ET ...
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Dominguez wants DBP to use REIT By CHINO S. LEYCO. Finance Secretary Carlos G. Dominguez III wants the Development Bank of the Philippines (DBP) to focus on improving its wholesale banking services and help finance big-ticket infrastructure projects. In a statement, Dominguez said ...
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Baidu says first-quarter revenue may tumble as coronavirus takes toll on business, advertising By Akanksha Rana and Yingzhi Yang. (Reuters) - Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13% from a year earlier as the coronavirus epidemic puts the brakes on economic activity and advertising.
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Tim Hortons faces US franchisee lawsuit alleging 'fraudulent' business scheme TORONTO — A group claiming to represent the majority of American Tim Hortons franchisees has filed a lawsuit against the fast-food giant's U.S. division, its parent company, some of its affiliates and its former president, alleging they have engaged in an ...
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Pedestrian Deaths In US Hit Highest Level In 30 Years WASHINGTON, D.C. (CBSNEWS.COM) – If you walk outdoors for exercise or to get to a business, you're facing increasing danger from distracted drivers. A new study shows pedestrian deaths hit a 30-year high in 2019. (credit: iStock/Getty Images).
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