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Coronavirus Deals Blow to Global Business The coronavirus has sent markets tumbling, as its ramifications to a swath of businesses and industries becomes more apparent. Companies that make and sell products are struggling to secure supply lines as business disruptions ricochet far beyond China.
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Warren presses big banks on preparation for coronavirus fallout Sen. Elizabeth Warren · Elizabeth Ann WarrenBloomberg: 'I'm going to stay right to the bitter end' of Democratic primary race The Memo: Biden seeks revival in South Carolina Sanders holds 13-point lead in Fox News poll MORE (D-Mass.), a Democratic ...
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Stock market spirals as coronavirus fears persist— Here's what to watch The stock market is suffering its worst week since the financial crisis. The S&P 500 is down more than 12% since Monday, its largest weekly decline since October 2008. Here's what nine market experts are watching now.
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Wall Street Has Worst Week Since 2008 as S&P 500 Drops 11.5% By ALEX VEIGA and DAMIAN J. TROISE, AP Business Writers. Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial ...
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Stock-market expert says what many are thinking as Dow sheds 3600 points in a week: 'This market is not normal' The breadth and intensity of this week's coronavirus-fueled selloff in U.S. stocks has some analysts scratching their heads. Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn't right with a market that ...
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Walmart names Sam's Club exec Jamie Iannone to key leadership role in US e-commerce In a company memo, Walmart credited Jamie Iannone for helping to grow the membership and digital business of Sam's Club. He will oversee Walmart e-commerce groups, including the retailer's tech incubator and third-party marketplace. He is switching ...
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Apple's Tim Cook says coronavirus-driven supply chain changes are temporary Apple Chief Executive Officer Tim Cook suggested the iPhone maker wouldn't make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a "temporary condition." "We're talking about adjusting some knobs, not ...
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Goldman Sachs Asset Management Added to Stocks Portfolio as Markets Tumbled (Reuters) - Portfolio managers at Goldman Sachs Asset Management have used the recent selloff in global stocks caused by the coronavirus as an opportunity to take positions in a range of companies focusing on everything from concerts to cosmetics.
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Wayfair stock takes another hit amid sales slowdown You can't blame Wayfair investors for complaining about déjà vu on Friday: another slowdown in revenue on the horizon, another stock plunge. This time, the online home goods retailer's stock fell some 10 percent, to close at $63.21 a share. This wasn't as ...
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SpaceX Aims to Swipe Space Tourism Market From Virgin Galactic This was just one of many tweets of consolation sent to space tourism company Space Adventures last week, after the company announced a partnership with SpaceX to send tourists into Earth orbit. As you can imagine with anything involving Elon Musk, this ...
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Geneva Auto Show, Other Big Events Canceled Amid Virus Fears GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Friday on all large events in order to halt the spread of the new coronavirus. The Swiss ban on public and private events involving more than 1,000 people ...
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Senate passes bill providing $1 billion for rural telecom networks to replace Huawei The Senate passed a bill that would prohibit the use of federal funds to purchase equipment from Huawei and provide $1 billion for rural telecom companies to replace equipment from the Chinese tech giant that the U.S. has blacklisted. Bipartisan lawmakers ...
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Developer to present shorter plan for Chicago Spire site Related Midwest has dropped plans for a hotel within the project at 400 N. Lake Shore and has reduced the development's height. Alby Gallun. Tweet · Share; More. Share · Email · Reprints Print. Under Related Midwest's new plan, the project's two towers will ...
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Here's Why Sangamo Therapeutics Jumped Higher Today Shares of Sangamo Therapeutics (NASDAQ:SGMO) closed up 28% on Friday after the biotech announced a deal with Biogen (NASDAQ:BIIB) to develop up to 12 drugs using Sangamo's proprietary zinc finger protein technology.
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St. Cloud Schools Planning for Potential Coronavirus Outbreak ST. CLOUD -- A local school district is prepping for a potential coronavirus outbreak. Although the current risk to central Minnesotans is considered low, the St. Cloud Area School District is one of many in the state working to plan ahead. Assistant ...
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Why VMware Stock Fell 9.5% Today The virtual computing specialist posted mixed fourth-quarter results and another mixed bag of next-year guidance targets, but the full scope of the coronavirus outbreak may not have been included in those forward-looking figures. Anders Bylund. (TMFZahrim).
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Lent in the age of the Impossible Burger: Do rules against meat on Fridays apply to fake meat? CHICAGO — Meat is forbidden on Fridays during Lent, driving many Catholics and other observant Christians to partake in fish frys, seafood specials and McDonald's Filet-O-Fish during the season. The explosion of plant-based proteins now offers more ...
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Vatican joins IBM, Microsoft to call for facial recognition regulation It's the latest example of the Vatican trying to stay ahead of the curve on technology and social issues. Facebook; Twitter; Comments; Print; Email. Reuters. close. Clearview AI founder and CEO Hoan Ton-That discusses privacy concerns and lawsuit over ...
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Doordash Data May Deliver A Delicious IPO - As Long As It Can Maintain Scale Once upon a time, "Seamless" was a verb in New York City. It was how you got your lunch, or dinner, or whatever that extra meal consumed at around 11PM was after you got home from a night out. Today, fewer people are giving Seamless, or the company's ...
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Bacon Isn't Even That Good (Rick Wilking/Illustration/Reuters) The weird little bacon fetish that our culture has developed over the past decade has gotten out of control. So Dunkin' Donuts has started selling sacks of bacon — and honestly, I'm slightly furious that there is now yet another ...
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9 Additional Countries Report COVID-19 Cases as Researchers Race to Develop Solutions 2020-02-28 20:49:00. Aislinn Antrim, Assistant Editor. Researchers are working to find treatments and a vaccine for COVID-19, the novel coronavirus that has infected over 82,294 people globally, and has resulted in over 2800 deaths.1. In the 24 hours before ...
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Multiple LIRR trains cancelled, suspended due to 'switch trouble' LONG ISLAND — Multiple trains on the Long Island Railroad are being suspended or cancelled in Friday rush hour due to what the LIRR calls "switch trouble" near Mineola. The railroad has suspended the branch lines in Huntington/Port Jefferson ...
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More than 2200 patients' private records lost, at risk of possible privacy breach, Harris Health System says This story excerpt is courtesy of our partners at KHOU 11. Click here for the full story, including what to do if you might be impacted. HOUSTON — The protected health information of 2,298 hospital patients is at risk of being shared after multiple files were lost ...
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Grand opening celebration for Caesars Forum set for March 18 A grand opening celebration for the $375 million, 550,000-square-foot Caesars Forum conference center is set for March 18. The venue will be the site where the next batch of NFL stars will be drafted for the 2020 Apr 23-25 NFL draft, which is expected to be ...
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Study: Pedestrian deaths reach 30-year high (CNN) - The number of pedestrians being killed in the United States has hit a 30-year high. According to a new study, SUVs, drugs, alcohol, warm weather and cell phones are the reasons behind an increase in pedestrian deaths. The Governors Highway ...
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Q3 GDP growth at 4.7%: Worst is yet to come, say experts MUMBAI: India's GDP growth slipped to a nearly 7-year low of 4.7 per cent in October-December 2019, weighed by a contraction in manufacturing sector output, PTI reported. While the slump may have reached its bottom, the downside risks to the global ...
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So you think you're not a beer drinker Story by Jane Zatlyny Photography by Don Denton. I like beer — sometimes. When it comes to beverages, it's hard to beat the refreshing taste of an ice-cold ale alongside a dozen fresh-shucked oysters, or a dark, chocolate-brown stout with grilled baby back ...
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Louisiana expert weighs in on coronavirus' effect on the stock market BATON ROUGE, La. (WAFB) - It's easy to get scared when you see the stock market slide for a week straight. In fact, this has been one of the worst weeks for the stock exchange since 2008. But don't let those fears drive your money-making decisions.
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Next Jeep Grand Cherokee due this year, FCA design chief says It's almost time to say "out with the old" to this guy. Jeep. Boy, has the current Jeep Grand Cherokee lived a long time. We've known the current model in essentially the same form since 2011, but Fiat Chrysler's rugged off-road brand is nearly ready to usher in ...
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The Family Of 8 Sharing The $70 Million Lotto Max Jackpot Plans To Travel & Throw Parties What would you do with $70 million? One Quebec family is finding out just what they'd do by making plans for how they'll use their historic lottery winnings. The Lotto Max jackpot winning family of eight wants to travel, throw parties and buy a new car.
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I-TEAM: Scammers looking to capitalize on your fears of coronavirus Friday, Feb. 28, 2020. News 12 at 6 O'Clock/NBC at 7. AUGUSTA, GA (WRDW/WAGT) -- You probably have some concerns as the coronavirus quickly spreads across the world, and rightfully so. Sadly, scammers are at the ready to capitalize and make a ...
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Pennsylvania State Police raided 17 bars, taverns and clubs as part of renewed campaign against "skill games" this ... While lawmakers and judges ponder the legality of "skill games" proliferating across Pennsylvania, the war between Pennsylvania State Police and game operators is only intensifying. On Friday, state police released a report showing that its Bureau of Liquor ...
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