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The Week That Wiped $3.4 Trillion Off the Stock Market When the S&P 500 closed at a record on Feb. 19, American stocks seemed untouched by the anxiety around the coronavirus epidemic that had already rattled investors in other markets, including bonds, commodities and some foreign shares. Nine days later ...
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Global Stock Sell-Off Intensifies Over Coronavirus Crisis Panic in the stock market over the spreading coronavirus continued into a seventh day, with shares in Asia and Europe tumbling and the United States set for another steep decline. The major sell-off is fueled mostly by worry that measures to contain the virus ...
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A Flavor Expert Explains The Engineering Behind Plant-Based Meat What is really inside that plant-based burger? Many recipes rely on complex layers of flavor and texture engineering that are designed to fit together like a Rube Goldberg machine. It's what makes some vegan bacon sizzle when it hits the griddle and shrink ...
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The inside story of the Barclays trial The acquittal of three former Barclays executives is the only time a jury has ruled on criminal allegations against senior bankers for events in the 2008 crisis. The senior executives in this trial, which began in October - Roger Jenkins, 64, Tom Kalaris, 64 and ...
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Coronavirus could slow the world's solar-energy revolution The coronavirus outbreak is threatening to slow the global solar energy revolution as it cuts the supply of key equipment for solar and wind farms in China and beyond. As cases of the disease mounted over the last week, manufacturers including Trina Solar ...
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PRECIOUS-Gold slides, but on track for 3rd month of gains on virus outbreak (New throughout, adds comments, details and updates prices) * Palladium sheds 4% but set for best month since Nov 2016 * Platinum on track for worst week since Sept 2011 * Coronavirus interactive graphic: tmsnrt.rs/2GVwIyw * GRAPHIC-2020 asset ...
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Canceled flights, quarantined cruises and $30B losses: How coronavirus has upended the travel industry The novel coronavirus outbreak has already upended an entire industry, resulting in canceled flights, resorts on lockdown, and a deadly cruise ship quarantine. With the world bracing for a pandemic, experts say the travel sector should prepare for even more ...
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CANADA STOCKS-Futures sink as spiralling coronavirus cases rattle markets Feb 28 (Reuters) - Canada's main stock index futures crashed on Friday, tracking losses in global markets, on fears of a global economic crisis as the number of international coronavirus cases spiralled. Hopes that the epidemic that started in China late last ...
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'What's Going On, Moderna?' Investors Ask As Shares Go On A Wild Ride Moderna (MRNA) took biotech investors on a ride Thursday as MRNA stock rocketed, was halted and then plunged in a matter of hours. X. Error loading player: No playable sources found. On the stock market today, MRNA stock toppled 10.3%, to 26.16.
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Axing of Geneva Car Show Forces Manufacturers to Rethink Car Launches FRANKFURT — Carmakers were scrambling to reorganise press conferences and vehicle presentations after Swiss authorities forced the cancellation of the Geneva car show on Friday in an effort to contain the coronavirus. More than 160 exhibitors were ...
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Why DoorDash Is Eyeing An IPO Go public? In this market? News that emerged on Thursday (Feb. 27) that on-demand food delivery firm DoorDash has filed yet-to-be-made-public documents with the Securities and Exchange Commission – known as a confidential S-1 – to undertake an ...
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Corona beer sounds like coronavirus, but it's not making any changes to its marketing New York (CNN Business) Corona beer isn't making any changes to its advertising despite the name's unfortunate similarity to the deadly coronavirus. Constellation Brands (STZ), which brews several variations of the popular lager, said in a statement that its ...
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Dow futures slide 100 points on coronavirus fears after worst one-day point drop ever U.S. stock futures fell further Friday, deepening this week's global rout on fears that a deadly virus in China is spreading. Dow futures dropped 100 points while Standard & Poor's 500 futures slipped 0.3%. The Dow plummeted nearly 1,200 points on Thursday ...
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BASF flags risk of lower earnings on coronavirus hit LUDWIGSHAFEN, Germany (Reuters) - Germany's BASF (BASFn.DE) warned that earnings could drop further this year after the fallout from the coronavirus outbreak has started to weigh on demand, further slowing down the auto industry, its largest customer ...
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Bond Markets Pile Rate Cut Pressure on Fed as Global Stocks Plummet The Federal Reserve was under renewed pressure to support markets, and a slowing domestic economy, with interest rate cuts Friday as benchmark bond yields continued to tumble as coronavirus fears trigger the fastest stock market correction on record.
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Sharp to make masks to help meet high demand to cope with new virus - Nikkei TOKYO, Feb 28 (Reuters) - Japan's Sharp Corp will start making face masks next month, making it the first domestic manufacturer to cross industry borders in the wake of a government campaign to meet high demand due to the coronavirus outbreak, the ...
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Foot Locker profit beats estimates but sales miss Foot Locker, Inc. said its profit fell along with revenue for the fourth quarter as it faced softer demand during the holiday season. The sporting-goods retailer on Friday posted net income of $141 million, or $1.34 a share, compared with $158 million, or $1.39 a ...
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False coronavirus claims force Amazon to bar one million products from site Amazon also removed tens of thousands of deals from merchants that it said attempted to price-gouge customers. Facebook; Twitter; Print; Email. Reuters. close. A survey revealed 38 percent of people would not buy corona beer due to the coronavirus video ...
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UPDATE 1-Beauty company Coty hires Jimmy Choo boss Denis as CEO (Adds details from Coty statement). Feb 28 (Reuters) - Cosmetics maker Coty Inc has tapped Jimmy Choo Group boss Pierre Denis as its new chief executive officer, succeeding Pierre Laubies. Denis, who has been on Coty's board since September 2019, will ...
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Coronavirus: Shares face worst week since global financial crisis Stock markets across the globe are suffering their worst week since the global financial crisis of 2008 as fears over the impact of the coronavirus continue to grip investors. Markets in Europe fell sharply on Friday, with London's FTSE 100 index sinking more ...
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Periscopes for nuclear subs to be made in Glasgow A Glasgow-based company has won a £330m contract for work on the UK's next generation of nuclear submarines. Thales UK will build periscopes, sensors and sonar for the Dreadnought-class vessels. The periscopes - known officially as combat system ...
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Market Movers: Vedanta tanks 13%, TaMo 11%; 2000 BSE stocks bleed There was mayhem on Dalal Street on Friday as over 2,000 stocks bled, leaving very few winners. Auto stocks got battered as coronavirus hit their supply chains. Tata Motors fell nearly 11 per cent. Metal stocks were among the biggest losers. Vedanta took a ...
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Bail Bondsman: Boyfriend of Evelyn Boswell's grandmother could bond out Friday SULLIVAN COUNTY, Tenn. (WJHL) – The man arrested alongside missing Evelyn Boswell's grandmother in Wilkes County, North Carolina could bond out of jail on Friday, according to his bail bondsman. PREVIOUS: Man arrested in Wilkes County, NC with ...
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Turkish economy grows 6% in Q4 in strong rebound from recession By Nevzat Devranoglu. ANKARA, Feb 28 (Reuters) - The Turkish economy grew 6.0% year-on-year in the fourth quarter and nearly 1% in 2019 as a whole, data showed on Friday, beating expectations and rebounding strongly as it shook off the effects of a ...
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Tellurian stock falls after company extends US LNG sale negotiations with Petronet (Reuters) - Tellurian Inc stock dropped on Thursday after the company said it extended the amount of time India's Petronet LNG Ltd had to finalize an agreement to buy liquefied natural gas (LNG) from Tellurian's Driftwood plant in Louisiana. Tellurian ...
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Detroit's Fort Street Galley food hall abruptly closes Friday After a a little more than year in business, the operators of downtown Detroit's Fort Street Galley food hall announced it will permanently close at the end of the day on Friday. The Pittsburgh-based company that operates Fort Street Galley confirmed the closure ...
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UK house prices rise at fastest rate for 18 months UK house prices rose at their fastest rate since mid-2018 in February after December's decisive election result triggered a rebound in buyer demand. The average price of a home rose 2.3% year on year to £216,092 in February, Nationwide said. That was the ...
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Saks Fifth Avenue parent Hudson's Bay Co. gets green light from shareholders to go private Hudson's Bay Co. HBC, -0.18% said Thursday that shareholders overwhelmingly voted in favor of going private at a special meeting held earlier in the day. Nearly all (98.28%) votes cast approved of a transaction in which a group of shareholders led by ...
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Unadilla Man Accused of Forcible Touching A case worker with Otsego County is facing forcible touching and child endangerment charges in connection with incidents NOT related to his official work duties, according to New York State Police. Police Lights/Hemera . 55-year-old Robert Horan of ...
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Scouting the way to victory For Cadet Girl Scout Sagan Jameson-Hatch, 12, cookie selling and entrepreneurship has been in her blood for a number of years. So much so that on Wednesday she sold her 10,000th box of cookies through a lifetime of selling. For those who cannot fathom ...
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That Quick Post-Volmageddon VIX Drop May Not Occur This Time The Cboe Volatility Index closed at nearly 40 on Thursday, and some market watchers are saying high levels might stick around a bit longer than in past VIX spikes. When Wall Street's "fear gauge" spiked in the volatility-induced meltdown of early 2018, ...
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Rakuten's plan to force shipping costs on retailers draws ire of Japan's FTC The Fair Trade Commission said Friday it has asked a court to halt Rakuten Inc.'s plan to make retailers on its online marketplace shoulder the cost of free shipping amid complaints about the policy. The antitrust watchdog submitted the request to the Tokyo ...
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India considers offering loans for telecoms owing $13 billion in past dues India is considering options including offering subsidized loans to cash-strapped wireless carriers that owe $13 billion in past dues, according to people with knowledge of the matter. The proposals include asking the companies to pay 20% of the principal ...
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Consumer confidence rises for third consecutive month A combination of rising wages and house prices, low unemployment and stable inflation helped boost consumer confidence by two points in February to -7, marking the third monthly increase in a row. The rise in GfK's overall index score is driven by ...
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US Homeland Security mistakenly seizes British ad agency's website in prostitution probe gone wrong A Brighton-based ad agency is scratching its collective head after its website was effectively seized by US Homeland Security. The agency stopped receiving external emails and turned to its IT support company Ingenious for an answer. They discovered that ...
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Caesars Republic hotel breaks ground in Scottsdale The City of Scottsdale's newest luxury hotel broke ground Wednesday at the corner of Highland Avenue and Goldwater outside of Fashion Square mall. Caesars Republic Scottsdale, opening fall 2021, will be the first non-gaming branded Caesars hotel in the ...
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Two Years On, Elon Musk's Big Battery Bet Is Paying Off in Australia Two years after Tesla Inc. installed it, the world's biggest lithium-ion battery is helping to avert blackouts and lower costs as Australian grids struggle to handle surging renewable power generation. The Neoen SA-owned Hornsdale Power Reserve has ...
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AG Maura Healey: Harvard Pilgrim, Fallon, AllWays unlawfully created barriers to mental health services Five health care companies and two health plan administrators reached settlements with the Massachusetts Attorney General's Office, including three who were accused of violating parity law. Massachusetts Attorney General Maura Healey announced her ...
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