Thursday, April 30, 2020

Google Alert - finance

Google
finance
As-it-happens update April 30, 2020
NEWS
Wall Street Journal
The U.S. economy shrank at a 4.8% pace in the first quarter, the steepest contraction since the last recession. More spending from Congress will be needed to ensure recovery, Fed Chairman Powell said. France's economy contracted 5.8% in the first three ...
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ZDNet
Credit: Microsoft. Cloud. Top cloud providers in 2020: AWS, Microsoft Azure, and Google Cloud, hybrid, SaaS players · The best email hosting services: G Suite and Microsoft 365 are not your only options · Microsoft Teams: How to master remote work beyond ...
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CNBC
This is a live blog. Please check back for updates. 9:08 am: Consumer spending drops in March. U.S. consumer spending dropped 7.5% in March, compared with a year earlier, as Americans stayed home in an effort to slow the spread of the coronavirus.
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Reuters
... * Gilead's remdesivir shows promise in clinical trial. * MSCI world stocks heads for best month on record. * Major currencies in holding pattern. * Oil markets still wild, Brent last up 11.8%. * ECB to hold press conference at 1330 GMT. By Marc Jones.
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Reuters
FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap ...
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Wall Street Journal
The eurozone economy shrank at the fastest pace on record during the first three months of this year, contracting more sharply than the U.S. during the same period, as lockdowns imposed to limit the spread of the novel coronavirus brought much business ...
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The New York Times
(Reuters) - Oil prices are headed for further falls this year even as countries ease restrictions related to the coronavirus crisis, while output cuts by top producers will do little to fix a supply glut, a Reuters poll showed on Thursday. The survey of 45 analysts ...
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The New York Times
BERLIN — A group of leading German travel start-ups appealed to U.S. tech giant Google on Thursday to offer them easier terms on paying for advertising to help them ride out the coronavirus pandemic that has devastated their business. The letter, signed by ...
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Financial Express
(Adds ECB statement, updates prices) * ECB keeps rates unchanged at policy meeting * U.S. Fed keeps interest rates near zero * Gold up more than 9% so far this month * For an interactive graphic tracking the global spread, open tmsnrt.rs/3aIRuz7 in an ...
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Forbes
McDonald's (NYSE: MCD) stock has declined by close to 12.6% since early February after the WHO declared the Coronavirus a global health emergency, while Dunkin' Brands stock has fared worse and lost 21.7% of its value. The lockdown in various parts of ...
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CNN International
(CNN) Researchers released some good news about a possible treatment for coronavirus Wednesday -- evidence that the experimental drug remdesivir might help patients recover more quickly from the infection. The US Food and Drug Administration has ...
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Bloomberg
Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country. Initial jobless claims totaled 3.84 million in the week ended April ...
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BBC News
The technology giants of Silicon Valley are among the few winners from the global pandemic. Their share prices are holding up or even surging ahead as investors bet they will come out of the crisis even stronger. But Covid-19 has also shone a spotlight on ...
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Motley Fool
The telehealth services provider's bottom line didn't look great. But pretty much everything else did. Keith Speights. (TMFFishBiz). Apr 30, 2020 at 7:00AM. Author Bio. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics ...
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CNBC
Macy's is planning to reopen 68 department stores Monday, in states including South Carolina and Georgia. It expects to have all of its roughly 775 stores reopened in six weeks, should Covid-19 infection rates taper off, and local governments allow retailers ...
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Forbes
It's been about a year and a half since Chick-fil-A first tested meal kits at 140 Atlanta area restaurants. Although that test showed promise, the kits never made it to the permanent menu. Now, the chain is bringing them back as a seasonal offering. Beginning ...
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Wall Street Journal
Marlboro maker Altria Group Inc. said it has paused the rollout of its new heated tobacco product because of the coronavirus pandemic and expects cigarette smokers to trade down to cheaper brands as an economic downturn takes hold. The company said ...
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Business Insider
Softbank is taking a $6.6 billion hit on its WeWork investment. The company's value has sunk drastically in recent months following its failed IPO bid. Overall, Softbank's portfolio is under massive pressure following big tech bets on everything from ride-hailing ...
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The New York Times
Comcast's net income slid in the first three months of the year as the coronavirus pandemic forced it to shut down its theme parks and its movies were kept out of shuttered theaters. Comcast also reported Thursday that it lost 409,000 cable TV customers, the ...
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Wall Street Journal
Kraft Heinz Co. reported higher demand for many of its products in the first quarter as consumers in the U.S. snapped up food to eat at home during the coronavirus pandemic. The maker of Kraft cheeses, Oscar Mayer cold cuts, Planters nuts and other food ...
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newsBTC
Bitcoin popped towards its two-month high early on Thursday, breaking above $9,400 amidst halving hype. But the cryptocurrency failed to secure its intraday gains as it corrected lower by about $937 from the local top. The pullback started at the same level ...
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Reuters
MADRID (Reuters) - Spain's economy shrunk by its biggest amount on record, 5.2%, in the first three months of 2020 due to the crippling impact of the coronavirus crisis, preliminary data showed on Thursday. FILE PHOTO: People keep social distance as they ...
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CNBC
U.S. consumer spending plunged 7.5% in March. The drop reflected the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders. The spending plunge was accompanied by a sharp 2% decline in personal incomes in ...
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The New York Times
(Reuters) - Nokia has won a share of China Unicom's 5G core network order alongside Huawei and ZTE, Nokia's Chief Executive Rajeev Suri told Reuters in an interview, citing information published by the telecom operator. "We are the only foreign supplier ...
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U.S. News & World Report
Shares of Chesapeake Energy Corp. CHK, -7.98% tumbled 23% in premarket trading Thursday, after Reuters reported late Wednesday that the oil and gas production company was preparing for a potential bankruptcy. The stock had plunged 33% over the ...
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Washington Post
The Federal Housing Finance Agency affirmed Monday that borrowers who are approved to pause or temporarily reduce their mortgage payments and whose loans are owned by Fannie Mae or Freddie Mac are not required to make a lump-sum payment ...
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KIRO Seattle
Mother's Day this year – like most everything this spring – will be different. Instead of going to visit mom or grandmom for brunch and a visit, we'll likely be at home. But the fact that most of us will be social distancing doesn't mean we shouldn't celebrate mom.
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Cherry Hill Courier Post
While there are more than 100 craft breweries in the state, the community is a tight one. It is commonplace to hear owners of a new start-up talk about the support they've gotten from well-established breweries, and brewers tout their favorite brews made in ...
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TheStreet
Facebook Inc (FB) - Get Report shares surged higher in pre-market trading Thursday after the social media group topped Wall Street revenue forecasts and noted that it was seeing some stabilization in ad markets over the month of April. Facebook said total ...
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Business Recorder
Lloyds Banking Group PLC reported Thursday a significant fall in pretax profit for the first quarter of 2020 due to higher-than-expected impairments and said it is suspending its previous guidance. The U.K.'s largest retail bank made a pretax profit of 74 million ...
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Business Insider
The world needs more electric trucks. They're versatile, usable, customizable, they look cool — and because they don't run on fuel, they're even better. And if you want an electric truck with endless possibilities for customization, Bollinger Motors' upcoming ...
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Newsday
Health care workers battling COVID-19 and worried about bringing the disease home to their families can now rest with more peace of mind: About a dozen hotels on the Island are offering free or highly reduced room stays to these local medical workers, ...
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Economic Times
NEW DELHI: Hindustan Unilever (HUL) missed analyst estimates and reported a 3.43 per cent year-on-year (YoY) drop in consolidated net profit at Rs 1,520 crore for March quarter as production and supply chain was partly hit by lockdown. The company ...
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Bloomberg
Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge unscathed. The industry has already agreed to forgo profit to ...
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FiercePharma
GlaxoSmithKline's Zejula is the first PARP inhibitor to win a first-line ovarian cancer maintenance nod for all-comers. (GlaxoSmithKline). Share Facebook Twitter LinkedIn Email Print. Since late 2018, women with ovarian cancer who responded to an initial ...
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Peninsula Daily News
By Martin Crutsinger and Darlene Superville | Associated Press. WASHINGTON — President Donald Trump won't approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times ...
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The Guardian
Cameras to check workers' temperatures amid coronavirus come from Dahua, which allegedly helped Beijing detain Muslims. Reuters. Wed 29 Apr 2020 15.14 EDT Last modified on Wed 29 Apr 2020 16.01 EDT. Share on Facebook · Share on Twitter · Share ...
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GlobeNewswire (press release)
Q1 2020 sales of $459 million, GAAP diluted loss per share of $0.50, and adjusted diluted EPS1 of $0.06 per share, significantly impacted by the COVID-19-driven global economic slowdown; COVID-19-related impacts reflected in both GAAP loss and ...
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Mirror.co.uk
British Airways is set to cut 1,130 pilot jobs as the airline continues to struggle at the hands of the global coronavirus crisis. It comes after the carrier warned up to 12,000 roles could be axed - including cabin crew and ground staff, amid ongoing travel ...
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Myjoyonline.com
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 30, 2020). Spotify Technology SA continued to add paying and advertising-supported users in the ...
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Economic Times
Mumbai: Corporate India will be reporting its worst performance in a decade during the ongoing fiscal year with a double-digit revenue decline and an even higher dent on profitability as India is likely to lose 4% of its GDP to Covid-19, according to one report.
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RTE.ie
Shares in betting firm Flutter Entertainment jumped in Dublin today after it said it expects to complete its acquisition of The Stars Group on May 5 following shareholder and regulatory approvals. The deal between the Paddy Power owner and the Poker Stars ...
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CardPlayer.com
A gaming professional tweeted a video of what casino gaming could look like once brick-and-mortar gambling returns to the U.S.. Joe Bunevith, founder of the poker training site Deuces Cracked and a director of Las Vegas gaming company Synergy Blue, ...
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The Straits Times
Norway has outlined plans for "extremely rare" changes to its tax regime to save the crisis-hit oil industry which would be "very welcome" for UK firms, according to an expert. The changes, to go before the Norwegian parliament on May 12, will increase the ...
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Montreal Gazette
ISTANBUL — The head of Turkey's central bank mounted a defense of its crisis-era policies on Thursday, downplaying a sharp drop in FX reserves and dismissing concerns that it was defending the currency from falling past key levels. In an online ...
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Boulder Daily Camera
BROOMFIELD, Colo., April 29, 2020 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced the pricing of its previously announced senior notes offering. The Company priced $600 million in aggregate principal amount of 6.250% senior notes due ...
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FactCheck.org
The United States has not done more COVID-19 testing than "every country combined," as President Donald Trump claimed in remarks during a recent press briefing. In fact, three countries alone — Russia, Germany and Italy — have done more combined ...
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TechRadar
Researchers have revealed worrying security flaws in three leading WordPress plugins - LearnPress, LearnDash and LifterLMS - deployed by top academic institutions and Fortune 500 companies for delivering remote learning sessions. According to Check ...
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TechRadar
Flexera's new State of the Cloud report has revealed that almost all enterprises have embraced multicloud with 93 percent of companies now using multiple cloud service providers. To compile its report, the company surveyed 750 respondents from 554 ...
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