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How Will Buffett Steer Through the Airline Crisis? Thinking back to the last financial crisis, Warren Buffett played a big role in calming chaotic markets. While sensationalist analysts were calling for the end of public equities as we know them, Buffett's company, Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.
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Tesla's Elon Musk Calling Coronavirus Lockdowns 'Fascist' Overshadows Profitable Quarter (Reuters) - Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row. His remarks overshadowed an ...
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Why Grayscale Bitcoin Trust Surged Today Shares of Grayscale Bitcoin Trust (OTC: GBTC) jumped 14% on Wednesday, as the price of bitcoin climbed back above $8,500. So what. Bitcoin's price appears to be rallying ahead of "the halvening." The halvening will cut the popular cryptocurrency's mining ...
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Layoffs Continue At Canopy Growth, Constellation Brands' Struggling Cannabis Producer Canopy Growth Corp., a major marijuana producer, has laid off 200 staff from the Canadian, U.K. and U.S. offices. This is the third round of cuts in the last few months—as it stands, the company has let go almost 1,000 employees, including COVID-19-related ...
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Dow Jones Futures: Tesla Leads Tech Titans In Buy Zones As Coronavirus Stock Market Rally Roars Dow Jones futures rose late Wednesday, along with S&P 500 futures and Nasdaq futures, fueled by earnings from Tesla (TSLA), Facebook (FB), Microsoft (MSFT), Vertex Pharmaceuticals (VRTX) and more. X. Error loading player: No playable sources found.
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Fed signals it will likely hold rates near zero for months The Federal Reserve says it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. By. CHRISTOPHER RUGABER AP Economics ...
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Mastercard's Contactless Transactions Jump More Than 40% Amid Coronavirus Crisis Consumers' moves to limit contact amid the coronavirus pandemic is reshaping how they are paying at the register. Mastercard Inc.'s contactless transactions increased over 40% world-wide in the quarter that ended in March, the company's President Michael ...
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Saudi Oil Flotilla Heading to US to Worsen Port Congestion A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in coming weeks at the same time producers are shutting in output as they run out of space to store unwanted supplies. A total of 43 million barrels of Saudi oil is set to ...
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RPT-China's service sector activity expands at a faster pace in April - official PMI (Repeats to attach to alert). BEIJING, April 30 (Reuters) - China's services activity expanded at a faster pace in April, but business is expected to take some time to fully recover due to the lingering impact from the coronavirus crisis at home and globally.
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Zuck vs. Musk: Reopen the country or wait for coronavirus to subside? Facebook CEO Mark Zuckerberg worries that some states are reopening too fast during the COVID-19 crisis. But neighbor Elon Musk, CEO of Tesla and SpaceX, has another point of view – he wants to get back to business, and he made that clear on Twitter.
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Salesforce cancels Dreamforce, which brings nearly 200000 people to San Francisco each year Salesforce is reimagining all its events that were previously planned for this year given the onset of coronavirus. Dreamforce is among San Francisco's biggest business events, attracting a reported 170,000 attendees last year. CNBC: WEF Davos 2018: Marc ...
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Tyson to Pay a Second $500 'Thank You' Bonus to Workers, Give Sick Employees 90% Pay Now officially deemed critical infrastructure because of President Donald Trump's executive order aimed at meatpacking plants, Tyson Foods (NYSE:TSN) doubled its "thank you bonuses" to frontline workers and truck drivers today. The company is also ...
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Hertz tanks 29% on reports it could file for bankruptcy as coronavirus pummels travel industry (HTZ) Hertz missed a lease payment on Monday, The Wall Street Journal reported on Wednesday. The company said its advisers are negotiating with holders and senior lenders of its vehicle finance subsidiary's notes with the goal of reducing payments temporarily, ...
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How at-home coronavirus testing could contribute to healthcare inequalities At-home diagnosis could be a valuable tool to stem the spread of Covid-19. Patients could avoid crowded medical centers, and healthcare workers wouldn't need to use precious personal prospective equipment (PPE) to administer tests. So far, only one ...
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US wireless carriers are delivering phone chargers to hospitals for COVID-19 patients AT&T, T-Mobile, and Verizon have all partnered with iHeartMedia to deliver thousands of phone chargers to hospitals so that COVID-19 patients can charge their phones. The companies will donate nearly 40,000 phone chargers, according to T-Mobile's press ...
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As Simon prepares to open area malls, tenants struggle to pay rent and question when customers will return ATLANTA — As more businesses reopen around Georgia, Simon Property Group announced Wednesday it will open seven malls on Friday. The list includes Lenox Square, Phipps Plaza, and The Mall of Georgia. The reopenings are part of 49 total properties ...
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Pfizer and BioNTech Complete Dosing of First Group in Coronavirus Vaccine Trial It was just last week that Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) got permission to start a phase 1/2 clinical trial of BNT162, their SARS-CoV-2 vaccine candidate, in Germany. Seven days later and the companies have already completed ...
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US Pending Home Sales Nosedive More Than Expected In March (RTTNews) - A report released by National Association of Realtors on Wednesday showed a bigger than expected nosedive in U.S. pending home sales in the month of March. NAR said its pending home sales index plunged by 20.8 percent to 88.2 in March ...
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SeaWorld extending active annual passes and memberships amid spread of COVID-19 ORLANDO, Fla. – SeaWorld sent a message to active annual passholders and annual members the company is extending active passes and memberships amid the spread of the coronavirus. The passes and memberships will extend for the length of time the ...
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Guilford company looks to open 2nd facility, hire 140 workers to produce more virus-testing swabs Click here for the latest coronavirus news, which the BDN has made free for the public. You can support our critical reporting on the coronavirus by purchasing a digital subscription or donating directly to the newsroom. A Guilford company that makes the ...
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Mural painted outside Jeff Bezos' house in protest demanding more coronavirus safety for Amazon workers Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. A group of activists painted a mural outside the Washington, D.C., home of Amazon CEO Jeff Bezos on Wednesday to demand protections for workers at company ...
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Here's where to order Mother's Day takeout this year In a typical year, it's a blessing and a curse for restaurant owners. On one hand, they rake in sales OR sales are high on high-margin brunch items. On the other, Mother's Day service tends to be an all-hands-on-deck slugfest for everyone in the restaurant, ...
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Top 5 Wellness Trends to Try This Summer With the state of the world as it is, there's never been a better time to focus on your holistic well-being: mental, spiritual, and physical. We've rounded up five of the top wellness trends that can help you come out of this summer in the best health possible. 1.
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Mnuchin Says No Plans for More Virus Rescue Money for Airlines Treasury Secretary Steven Mnuchin said he isn't considering providing additional money to help airlines reeling from the impact of Covid-19. U.S. airlines reached deals to access a share of $50 billion in federal payroll assistance to bridge funding gaps as the ...
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Crown Castle: 1Q Earnings Snapshot HOUSTON (AP) _ Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its first quarter. The results fell short of Wall Street expectations. The real estate investment trust, based in Houston, said it had funds from ...
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Neither rain nor sleet nor COVID-19 A Facebook post in April, which according to the USA TODAY, has been shared over 250 times is attributed as the source of the rumors that the United States Postal Service would face a potential shutdown in June and leave major corporations and the ...
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COVID-19-Related Class Action Lawsuits on the Rise As COVID-19 case numbers climb across the United States, so do the numbers of class action lawsuits for consumer fraud, misleading the public and other types of alleged wrongdoing. Cruise lines, airlines, insurance companies and federal and state ...
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American Cancer Society sees drop in funds, plan to hold virtual events to raise money ST. LOUIS (KMOV.com) -- Some of the most vulnerable people during the coronavirus pandemic are cancer patients and the American Cancer Society says they need help now. More than ever before, the nonprofit says their funds are significantly down ...
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ANZ announces 51pc profit slump, defers dividend ANZ has announced a 51 per cent slump in profits, mainly due to $1 billion in extra reserves for COVID-19-related loan losses. Key points: ANZ's profit has fallen by 51pc to $1.55b due mainly to $1.7 billion in extra loan loss reserves; The bank also took an ...
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BBB Warning: Phony websites popping up during COVID-19 crisis MILWAUKEE (WLUK) – The Better Business Bureau Serving Wisconsin is warning people about scammers trying to sell products that have been in limited supply since the coronavirus pandemic began. The organization says fake websites trying to sell ...
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MarketAxess: 1Q Earnings Snapshot NEW YORK (AP) — MarketAxess Holdings Inc. (MKTX) on Wednesday reported first-quarter net income of $74.8 million. On a per-share basis, the New York-based company said it had profit of $1.96. The results exceeded Wall Street expectations.
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NetApp acquires cloud-based virtual desktop provider CloudJumper NetApp Inc. today said that it has acquired CloudJumper Corp., a Citrix Systems Inc. competitor with a software platform for running virtual desktops in the cloud. Garner, North Carolina-based CloudJumper has not raised any outside funding. The terms of the ...
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New York reportedly paid $69 million for ventilators to an engineer with no background in medical supplies at the ... New York state paid $69 million for ventilators to an engineer with no background in medical supplies after he tweeted at President Donald Trump and the White House coronavirus task force recommended him as a vendor, BuzzFeed News reported.
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