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Oil futures climb, with US prices up more than 30% Oil futures headed higher on Wednesday, with U.S. benchmark prices rallying by more than 30% as government data showed a slightly smaller-than-expected weekly climb in domestic crude supplies, along with declines in gasoline stocks and oil production.
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US crude inventories rise less than expected, gasoline posts surprise draw (Reuters) - U.S. crude oil stockpiles rose less than expected last week while gasoline inventories dropped for the first time in five weeks, the Energy Information Administration said on Wednesday, as the sharp decline in fuel demand due to the coronavirus ...
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Forget ETFs: Buy These 3 Funds For 8.4%+ Dividends (and Upside) The convenience of a one-click ETF is tempting, but in times like these, buying one can seriously cap your upside—and cause you to leave serious dividend cash on the table, too. I know that's a controversial statement, with the millions of ETF fanboys and ...
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Enterprise Products Partners' Earnings Prove Resilient Amid the Oil Market Crash While the midstream giant isn't immune, it's handling the downturn better than others in the sector. Matthew DiLallo. (TMFmd19). Apr 29, 2020 at 11:44AM. Author Bio. Matthew is a senior energy and materials specialist with The Motley Fool. He graduated ...
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PRECIOUS-Gold falls as equities drift higher ahead of Fed statement (Recasts, adds comments, updates prices) * U.S. Fed policy decision due at 1800 GMT * U.S. economy contracts 4.8% during 1st qtr * Worldwide coronavirus cases at over 3.1 million * For an interactive graphic tracking the global spread, open ...
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Zoom Security Tip: Avoid The App And Do This Instead, Here's Why Despite recent security and privacy issues, people are using Zoom more than ever. The popular video conferencing platform recently announced it has 300 million daily users—100 million more than it had at the start of April and an extraordinary increase on ...
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Amazon buying thermal cameras from Chinese firm on US blacklist Amazon purchased cameras to take workers' temperatures from a firm the U.S. blacklisted. China's Zhejiang Dahua Technology shipped 1,500 cameras to Amazon this month in a deal valued close to $10 million. The procurement is legal, but the U.S. ...
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Fashion Reseller Poshmark Fast Tracks Video Feature, Targeting Shoppers Stuck At Home Poshmark is joining the social media juggernauts capitalizing on a captive consumer base by adding a video feature to its fashion marketplace that aims to make shopping for used clothing on your phone feel more like, well, shopping. With stores and ...
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Best Buy will open 200 stores to customers who make an appointment. Here's how it'll work. Best Buy is planning on welcoming shoppers back to 200 US stores starting in early May. However, shoppers will have to have an appointment to go inside. Here's how the appointments will go. Visit Business Insider's homepage for more stories. Best Buy has ...
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Contactless payments jump 40% as shoppers fear germs on cash and credit cards, Mastercard says The credit-card giant saw a 40% jump in contactless payments — including tap-to-pay and mobile pay — during the first quarter as the coronavirus pandemic worsened. Mastercard CEO Ajay Banga says the shift was being driven by consumers "looking for a ...
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Amid stock market turbulence, investing app Stash raises $112M led by LendingTree As coronavirus-hit financial markets continue to flip-flop in the wake of bad news followed by pockets of hope, a startup that aims to introduce ordinary consumers to investing has raised a big round of funding. New York-based Stash, which provides a ...
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Insurers Stick to 2020 Outlooks as COVID-19 Pandemic Spreads Anthem and Humana became on Wednesday the latest health insurers to stick with their 2020 earnings forecasts, even as the COVID-19 pandemic forces companies in many other sectors to abandon outlooks. The pandemic has shut down large portions of ...
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KFC parent Yum says April sales improving after virus hits Q1 (Reuters) - Yum Brands Inc (YUM.N) said on Wednesday sales in April showed signs of improvement as stay-at-home consumers ordered in more and diners returned to restaurants after certain countries started to ease restrictions. FILE PHOTO: A person ...
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Simon Property Group Plans to Reopen 49 Malls Very Soon Simon Property Group (NYSE: SPG), the largest owner and operator of shopping mall properties in the United States, is planning to reopen 49 of its mall properties within the next week. While this is just 21% of the company's 233 properties, it is sooner than ...
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Bipartisan pair of senators request antitrust probe into meatpacking industry Sens. Josh Hawley · Joshua (Josh) David HawleyHillicon Valley: Republican senator calls for investigation into Amazon | Warren, Ocasio-Cortez propose big merger freeze during pandemic | Delaware to allow disabled voters to vote online in primary GOP ...
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Walmart workers will call out of work, use tracker to protect themselves from COVID-19 Walmart workers, saying the company is failing to inform and protect them from the spread of COVID-19, will start tracking cases themselves and stay home from work for a day in protest. Over 500 Walmart employees were expected to not report to their jobs ...
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Best credit cards with no late fees This page includes information about Discover products that are not currently available on Bankrate and may be out of date. Most major credit card issuers are offering assistance to cardholders in terms of monthly payments and interest rates amid the ...
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Grubhub and Other Delivery Services See Their Fees Capped in Major Cities As restaurants take a serious sales hit from the COVID-19 pandemic, big cities across the U.S. are adopting ordinances capping the delivery fees services such as Grubhub (NYSE:GRUB), DoorDash, Postmates, and Uber Eats (NYSE:UBER) can charge.
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Costco to require all customers, employees wear face masks starting Monday Costco will require all customers and employees to wear masks or other face coverings starting May 4, to prevent the spread of COVID-19. The requirement does not apply to children under the age of 2 or to people who are unable to wear a mask or face ...
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Mattel is honoring frontline workers with special edition toys (CNN) Saying thank you to our everyday heroes for being on the front lines during the coronavirus pandemic may never be enough. But to honor their work keeping communities safe, toymaker Mattel is launching a set of collectible action figures, with ...
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'Leapfrog' VDI Move: NetApp Acquires CloudJumper "This allows NetApp to leapfrog everyone in this space," said CloudJumper President JD Helms, who becomes vice president of Modern Workspace for NetApp. "CloudJumper is the only born in the cloud, multicloud capable product. NetApp is going to ...
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Airbus CEO says aviation crisis due to coronavirus still at 'early stage' PARIS (AP) — Airbus AIR, +11.58% says the aviation industry's unprecedented troubles are just beginning. The European manufacturing giant reported 481 million euros ($515 million) in losses in the first quarter, put thousands of workers on furlough and ...
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Hummer EV reveal delayed by GM due to coronavirus crisis GMC's Hummer electric truck won't show its face on May 20 after all. Thanks, coronavirus. GMC. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. General Motors' reborn Hummer EV reveal event has been ...
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Starbucks plans to reopen 90% of its company-operated stores by early June Raleigh, North Carolina (CNN Business) Starbucks expects to begin reopening its stores next week, and it plans to have 90% of its US company-owned locations operating by June. The company's executive leadership team made the reopening ...
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General Dynamics profit falls 5.2% as pandemic delays Gulfstream deliveries April 29 (Reuters) - Defense contractor General Dynamics Corp GD.N posted a 5.2% fall in quarterly profit on Wednesday, as the COVID-19 pandemic delayed deliveries of its Gulfstream business jets, hitting sales at its aerospace unit. Net earnings fell to ...
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Planning Mother's Day brunch? Here are 25 restaurants with takeout deals near Indianapolis Mother's Day is May 10, and it's rapidly approaching. It's easy to take for granted all the things moms do for us, but during the coronavirus pandemic it is more important than ever to let our mothers know how special they are. Restaurants aren't forgetting the ...
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Pros and Cons of Retirement Plan Options By Greg Storen. A client recently walked into my office and placed his 401(k) statement on my desk. He looked at me, pointed to the document and asked, "Can I bombproof my 401(k)?" I looked at him and told him he was in luck. He has a few options to ...
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Hertz's stock plummets on heavy volume after disclosing missed lease payment Shares of Hertz Global Holdings Inc. HTZ, -16.20% plummeted 13% on heavy volume in morning trading Wednesday, after the auto rental company disclosed that it "did not make certain payments" required under operating lease and service agreement.
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Flexsteel to permanently close Dubuque manufacturing facility DUBUQUE, Iowa (KCRG) - Flexsteel Industries, Inc. said it will be permanently closing its Dubuque manufacturing facility. The Dubuque-based company said it's exiting the recreational vehicle and hospitality businesses due to declining customer demand ...
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Honeywell to make hand sanitizer for frontline workers at plants in Michigan and Germany Defense company Honeywell International Inc. HON, +2.05% said Wednesday it is shifting manufacturing operations at two chemical facilities to produce hand sanitizer for government agencies suffering shortages during the coronavirus pandemic. Sites in ...
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Lyft to lay off 17 percent of staff as coronavirus takes toll Lyft is laying off 17 percent of its staff, the company announced Wednesday, after the coronavirus crisis wrought havoc on the ride-hailing business and cut substantially into its revenue. The layoffs will amount to nearly 1,000 jobs. In an email to the company's ...
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Whirlpool: New warning over fire-prone Hotpoint washing machines Another 55,000 washing machines in UK homes should stop being used and need repairing or replacing owing to a fire risk. An extra 21 models have been added to the list of 524,000 Hotpoint and Indesit machines being recalled. Owners may have checked ...
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Tupperware's new executive vice chairman talks about a turnaround as sales fall 23% A top Tupperware Brands executive detailed a turnaround plan Wednesday as sales at the company plunged in an acceleration of years of decline in the midst of the coronavirus pandemic. Sales were $375.9 million in the first quarter at Osceola ...
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iRobot lays off 70, halts lawn mower development Bedford-based iRobot, the leading US maker of robots for consumers, is cutting 70 jobs and shelving plans to introduce a robotic lawn mower, as the COVID-19 pandemic has prompted a big drop in revenues and profits. The job cuts were revealed late ...
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Congress Sounds Alarm Over Inaccurate Antibody Tests House panel demands data on testing after study shows high rates of inaccurate results in a largely unregulated marketplace. Published 7 mins ago • Updated 7 mins ago. A sign outside Principle Health Systems and SynerGene Laboratory lists COVID-19 ...
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Health insurer Humana profit beats on Medicare Advantage strength By Trisha Roy and Saumya Joseph. April 29 (Reuters) - U.S. health insurer Humana Inc HUM.N beat quarterly profit estimates and reiterated its full-year forecast on Wednesday, benefiting from its strength in Medicare Advantage business. The company has ...
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Gas prices remain steady in Wisconsin as coronavirus pandemic continues Gas prices in Wisconsin remain the cheapest in the country, data from AAA shows, as demand remains low during the coronavirus pandemic. The Wisconsin average for a gallon of gas is $1.23. The next cheapest state is Oklahoma, which has an average ...
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Blue Apron Shares Off After Report of Wider First-Quarter Loss Blue Apron (APRN) - Get Report shares dropped on Wednesday after the meal-kit provider reported a wider first-quarter loss on 28% lower revenue. The loss was $20.1 million, or $1.51 a share, in the quarter, compared with a loss of $5.3 million, or 41 cents, ...
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Wynn Resorts and University Medical Center Announce Partnership For Expanded COVID-19 Testing LAS VEGAS, April 29, 2020 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) and University Medical Center (UMC) announced a unique partnership today, which will allow all employees of Wynn Las Vegas to have access to testing for the COVID-19 virus at ...
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Akamai Posts Strong Profits, but Pulls 2020 Outlook Akamai shares were trading lower late Tuesday after the content delivery network company posted better-than-expected results for the March quarter, but withdrew its outlook for the full year given the continuing Covid-19 crisis.
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Luc Donckerwolke steps down as head of Hyundai Group design Automotive News got hold of "an internal note" declaring that Hyundai Group design chief Luc Donckerwolke is stepping down today for "personal reasons." After ex-Volkswagen Group pen Peter Schreyer took over Kia design in 2006 and began the South ...
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Exclusive: Shale Producer Oasis Petroleum to Halt Drilling in Bakken-Sources NEW YORK — Oasis Petroleum Inc has begun to wind down all drilling in the Bakken, three sources familiar with the matter said on Tuesday, as production cuts intensify across the United States the aftermath of a historic plunge in crude oil prices.
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Whitmer: Car insurance savings will be higher than required LANSING (AP) — Gov. Gretchen Whitmer and a top state regulator said Tuesday that drivers will save more on car insurance than is required under a bipartisan overhaul of Michigan's auto insurance law. Proposed rates filed by insurers, which will start taking ...
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Chip technology firm Arm to ease fees for startups, join incubator By Stephen Nellis. (Reuters) - Arm Inc, the British firm whose chip technologies power most smart phones, said on Wednesday it was easing fees for startup companies and providing free offerings to an incubator for early-stage chip firms. Arm, owned by ...
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Marine Products Corporation Announces Reduced Quarterly Cash Dividend ATLANTA, April 29, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors reduced the quarterly cash dividend from $0.12 per share to $0.08 per share. The dividend will be payable June 10, 2020 to ...
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Wall Street Jumps on Hopes of Potential Coronavirus Drug (Reuters) - Wall Street jumped on Wednesday as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. Gilead rose 4.8% ...
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Deutsche Telekom Taps Adtran SD-Access Deutsche Telekom today announced a partnership with Huntsville, Alabama-based networking vendor Adtran to create an open software-defined access network for gigabit internet service. In the first phase of the project, the network operator will fold Adtran's ...
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