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Federal Reserve Chairman Jerome Powell's Press Conference Federal Reserve Chairman Jerome Powell called on Congress and the White House to do more to prevent deeper economic damage from the coronavirus pandemic. The Fed pledged after its two-day policy meeting to use "its full range of tools to support the ...
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Big US Banks Cry Foul Over Temporary Exclusion From Small Business Lending Program WASHINGTON — Wall Street banks criticized the U.S. government on Wednesday after the Small Business Administration said it would temporarily close its Paycheck Protection Program (PPP) for small businesses hurt by the novel coronavirus to all but the ...
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We Have At Least 23% Unemployment And Maybe More Than The Great Depression The emphasis on how many people have filed for unemployment has obscured just how bad things are. In the last six weeks—March 15 through April 25—30,307,000 people filed for unemployment for the first time, according to the most recent and updated ...
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UPDATE 2-Brazilian bank Bradesco boost provisions, shares slump (Adds CEO comments, shares). By Carolina Mandl. SAO PAULO, April 30 (Reuters) - Brazilian lender Banco Bradesco SA is setting aside 2.7 billion reais ($506.1 million) for expected COVID 19-related loan losses and may provision more in the coming ...
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Here's the best cash-back card for people with average credit Having a good or excellent credit score (670 and above) can put you at a big advantage when it comes to qualifying for the best rewards credit cards, but there are some that you may be able to get approved for with average credit. There are two scenarios that ...
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What is WeWork worth now? Already troubled office-sharing space WeWork is among the worst hit from the coronavirus. As customers work from home, SoftBank revealed that it experienced a loss of $8.4 billion for the most recent fiscal year, $1.4 billion more than previously expected.
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Survival For Airlines, Hotels And Restaurants May Hinge On The Work Of Their Low-Paid Cleaning Teams If airlines, trains, cruise ships, taxis, hotels and restaurants want to attract millions of people back as the COVID-19-related restrictions on Americans' mobility melt away, they're all going to have to clean up their acts. Literally. Public transportation, airports and ...
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Microsoft makes it easier to get started with Windows Virtual Desktops Microsoft today announced a slew of updates to various parts of its Microsoft 365 ecosystem. A lot of these aren't all that exciting (though that obviously depends on your level of enthusiasm for products like Microsoft Endpoint Manager), but the overall thrust ...
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Comcast revenue misses forecast, shares drop 4% on warning (Reuters) - Comcast Corp (CMCSA.O) on Thursday reported first-quarter revenue that fell shy of Wall Street's estimate, and shares dropped more than 4% as the company warned that the coronavirus will hurt advertising, theme parks and films in the second ...
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American Airlines Posts $2.2 Billion Loss During Pandemic DALLAS (AP) — American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline said Thursday that revenue fell 19% while costs continued to rise even as the ...
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Dow Q1 Profit Drops - Quick Facts (RTTNews) - Dow Inc. (DOW) reported that its first-quarter net income available for common stockholders dropped to $239 million or $0.32 per share from $556 million or $0.74 per share last year. Earnings per share from continuing operations grew to $0.32 ...
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Amazon worker-activists form international organization to demand change in warehouses Amazon workers across the world are formalizing their activism with the creation of the Amazon Workers International. Its first action is a letter to Amazon CEO Jeff Bezos and Amazon Director of UK Customer Fulfillment Stefano Perego in which the group ...
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Pfizer aims for 10-20 million doses of coronavirus vaccine by end-2020 for emergency use ZURICH/GENEVA (Reuters) - Pfizer aims to make 10-20 million doses of a coronavirus vaccine it is developing with Germany's BioNtech by the end of 2020 for emergency use depending on trial results, the U.S. drugmaker's vaccines head said on Thursday.
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McDonald's says this quarter's same-store sales will be worse. Here's why McDonald's expects its same-store sales declines will be worse in the second quarter than in March, when same-store sales plunged 22%. More than half of restaurants in McDonald's international operated markets segment, which includes France and ...
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Mortgage rates fall to new record low — here's why some loan applicants won't be offered them The low interest rate environment isn't expected to bring much of a boost to the housing market, which is struggling as a result of the economic downturn caused by the coronavirus pandemic. Mortgage rates have dropped to another record low as the ...
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It's Not Just Disney — NBCUniversal Hit Hard By Theme Park And Theater Closures Theme park and movie theater closures due to coronavirus took a big chunk out of NBCUniversal's revenue in the first quarter of the year, and the situation is not likely to improve any time soon. Universal Studios Orlando. In this Monday, Aug. 5, 2019 photo ...
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Fed to expand reach of 'Main Street' lending program WASHINGTON (Reuters) - The U.S. Federal Reserve on Thursday widened a key program to nurse the "Main Street" economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting ...
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Carlyle Posts First-Quarter Loss Carlyle Group Inc. reported a first-quarter loss, as the coronavirus pandemic hurt the value of its investments. However, the firm's private-equity portfolio proved more resilient than the broader market, and cash that could be returned to shareholders climbed ...
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Tyson Temporarily Closes Nebraska Beef Plant for Cleaning DAKOTA CITY, Neb. — Tyson Foods said Thursday that it was temporarily suspending operations at a Nebraska beef processing plant that serves as the largest employer for neighboring Sioux City, Iowa, after a surge of coronavirus cases in the area.
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ConocoPhillips to Sharply Cut Oil Production as Low Prices Hit Earnings (Reuters) - U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total output by June amid weak energy prices that led to a loss of $1.7 billion in the first quarter.
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Costco Will Start Requiring Shoppers to Wear Face Masks on May 4 Shopping at Costco (NASDAQ: COST) will soon require more than just a membership card. The warehouse retailer said on Thursday that beginning May 4, all shoppers will need to wear a face covering while inside the store. The requirement is in line with the ...
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Tesla adds $13 billion in market value after first-quarter report reveals surprise profit Tesla shares spiked as much as 9% on Thursday after the automaker's first-quarter report topped expectations for earnings and revenue. The early-trading bounce added as much as $13 billion to Tesla's market value. The company highlighted a slew of ...
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Exchange operator ICE beats estimates as trading demand surges (Reuters) - New York Stock Exchange owner, Intercontinental Exchange Inc (ICE.N), reported higher-than-expected first-quarter profit on Thursday, helped by a surge in trading volumes due to market volatility fueled by the coronavirus crisis. Trading volumes ...
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Samsung, Nationwide, and GE just invested in AI startup Nexar Nationwide Insurance, GE, and Samsung's venture capital arm have invested $52 million in Nexar, a maker of software that alerts drivers to road hazards like potholes and helps with auto insurance claims. The funding, announced Thursday, pushes the ...
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Macy's Reopening 68 Stores, Targets All Within Six Weeks as US Restrictions Loosen NEW YORK — Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
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When will NY pharmacies offer coronavirus tests? There are 'some obstacles' Syracuse, N.Y. – Pharmacists across New York state are looking at offering swab tests for coronavirus, a plan that could bring new test sites to Central New York. When that will happen is still uncertain. Many of the logistics still must be worked out, especially ...
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Instacart, Amazon, Target, Whole Foods workers plan to strike Friday Protesting conditions amid the coronavirus pandemic, workers at Amazon, Instacart, Target and Whole Foods plan to go on a nationwide strike on May 1, expected to be the largest such protest of its kind. As part of Essential Worker's Day, and set to coincide ...
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How Cruise Ticket Legal Language May Foil Class Action Suits After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic to get off the ship, they wrote a note to the captain. The Costa Luminosa sailed on with them still onboard, and they ended up with ...
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Do you need mortgage insurance? Ready to buy your first home? When figuring out what you can afford to spend on a home, mortgage insurance is an important number you need to factor in. Mortgage insurance may be required to get a home loan, depending on the size of your down ...
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Report: Fauci Revealed Remdesivir Trial Results To Get Ahead Of Leaks Anthony Fauci, the country's top infectious diseases expert, told Reuters Wednesday that he unveiled the initial results of a federal remdesivir trial out of concerns that the information could be leaked—along with ethical obligations to patients taking ...
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The Top 3 Coronavirus Vaccine Stocks to Consider Right Now The race is on for a novel coronavirus vaccine — and vaccine stocks are in the spotlight. More than 3 million people have been infected. More than 225,000 have already died around the world. In the United States alone, there are over 1 million cases. Over in ...
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Molson Coors' first quarter hurt by Covid-19, Milwaukee brewery tragedy Molson Coors Beverage Co. CEO Gavin Hattersley described the beverage manufacturer's first quarter as a period unlike any other in history. Faced with the negative impacts of the Covid-19 pandemic, Molson Coors reported an 8.7% decline in net sales.
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New pet insurance offers preventive care amid spike in adoptions Animal pharmaceutical maker Zoetis is launching a new pet insurance business amid a spike in pet adoptions during the coronavirus pandemic, The Post has learned. The Parsippany, NJ-based business plans to announce its new Pumpkin Pet Insurance, ...
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Frontier Airlines to require passengers wear a face mask (WJW) — Frontier Airlines said it will soon require passengers to wear a face covering as the world continues to battle coronavirus. The face mask will be required at Frontier's ticket counters, gate areas and on the aircraft effective May 8. Frontier said face ...
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Universal Delays Epic Universe Construction due to Coronavirus ORLANDO, Fla. – Universal is delaying the construction of its new Epic Universe theme park in Orlando, Comcast executives said Thursday. The new park was originally on track to open in 2023. It's unclear if the delay affects that timeline. Previously, the ...
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The best Mother's Day gift baskets you can order online If you're still on the hunt for a Mother's Day gift, there are luckily some standout options your loved will adore. You can snag a gorgeous bouquet of flowers or an order of cookies — which are two timeless ways to show mom you care. Or you can instead go for ...
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British Airways plans to cut pilot numbers by a quarter -letter PARIS, April 30 (Reuters) - British Airways is seeking to cut pilot numbers by a quarter as it slashes costs to weather the coronavirus crisis, according to a letter sent to union leaders and seen by Reuters. Under the plan, BA would cut 1,130 captain and co-pilot ...
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Marlboro-Maker Altria Posts Earnings Beat as Demand Spikes Marlboro cigarette maker and Juul Labs stakeholder Altria (MO) - Get Report on Thursday reported earnings and sales that handily beat analysts' forecasts amid ongoing demand for its smoking and smokeless products - though it beefed up its cash war chest ...
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Worcester shuts Walmart store where 23 workers tested positive for coronavirus A Walmart store in Worcester was shut down after nearly two dozen employees tested positive for COVID-19. NBC 10 Boston reported that the store off Route 146 was closed by an emergency order of the city. The city manager said 23 employees of the store ...
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Armada Hoffler Properties: 1Q Earnings Snapshot VIRGINIA BEACH, Va. (AP) _ Armada Hoffler Properties Inc. (AHH) on Thursday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations. The real estate investment trust, based in Virginia Beach, Virginia, said it had ...
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Trump says internet retailers that use 'laughing stock' Post Office must pay more WASHINGTON (Reuters) - President Donald Trump lambasted internet retailers again on Wednesday for taking advantage of the U.S. Postal Service and said those firms needed to pay more for package delivery. FILE PHOTO: U.S. President Donald Trump ...
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Indianapolis mail carrier fatally shot over stimulus check, union says; suspect arrested INDIANAPOLIS (WXIN/CNN) - An official with the Indianapolis branch of the letter carriers' union says the union believes the fatal shooting of a local mail carrier may have happened due to problems with the residents in a house on her route.
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Shell Cuts Dividend for First Time Since World War Two LONDON — Royal Dutch Shell <RDSa.> cut its dividend for the first time since World War Two on Thursday in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic. The Anglo-Dutch ...
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Canada's GDP growth stalled in February ahead of coronavirus downturn The Canadian economy stalled in February as a teacher's strike in Ontario and the global spread of the coronavirus disrupted the movement of people and goods, Statistics Canada said on Thursday. Analysts in a Reuters poll had forecast an increase of 0.1 ...
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Talking Crypto: Learn to really understand the world of cryptocurrency Back in the days when workers stood around the watercooler (it wasn't that long ago) the topic of cryptocurrency might occasionally arise. Faced with a conversation that revolved around investing in Bitcoin, Ripple, Ethereum and Stellar Lumen it might have ...
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Norway oil producers seeking clarity on production cut announcement London — Norwegian oil producers were seeking clarity Thursday on a landmark production cut announced by the government in support of wider OPEC-plus output cuts intended to overcome the crisis in oil markets, as the country unveiled a tax break for ...
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The Coronavirus Pandemic and its Impact on Corporate Earnings Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>. Here are the key points: The ongoing Q1 ...
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We have the 6 best tips to avoid Coronavirus-related scams DURHAM – Online scams continue to abound as fraud artists focus on issues relating to the COVID-19 pandemic, police are warning. On Wednesday, April 29 Toronto police issued a statement saying that investigators have noticed an increase in ...
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