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MGM Resorts CEO Says Las Vegas Strip Reopening Will Start With Two or Three Casinos Once the Las Vegas Strip is cleared to reopen, MGM Resorts MGM -3.61% International will open two or three of its casinos, including the flagship Bellagio, as part of a gradual relaunch, acting Chief Executive Bill Hornbuckle told Wall Street analysts.
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Chevron, BP, Shell Told to Cut Oil Output After Global Pact The world's largest energy companies are negotiating production cuts with oil-rich nations ahead of Friday's deadline for OPEC and the Group of 20 countries to sharply reduce output—reductions that will limit these firms' options for coping with the ...
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Amazon says it may lose money this quarter, stock sinks in late trading 'If you're a shareowner in Amazon, you may want to take a seat,' Besoz says as he predicts spending any potential operating profit in second quarter. Amazon.com Inc. has said it is seeking to hire up to 175,000 people to beef up its distribution and delivery ...
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McDonald's Stock Slips After Reporting Q1 Sales, Profit Declines Shares of McDonald's (NYSE: MCD) fell slightly in Thursday trading, on the back of the Q1 of fiscal 2020 results it published that morning. For the quarter, the company recorded just over $4.71 billion in revenue, 6% below the Q1 2019 figure. That was on the ...
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Whole Foods Will Offer Free Masks To Shoppers As Amazon's Coronavirus-Related Costs Pile Up Online giant Amazon has just raised the bar for other merchants: Its Whole Foods grocery chain will offer free, disposable one-time-use masks to customers nationwide when they show up to shop without a face covering. This comes as Whole Foods over the ...
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AT&T's WarnerMedia Absorbs Xandr Ad Tech Unit AT&T Inc. is combining its WarnerMedia and Xandr business units—which has long been expected by company insiders—in an effort to have a single advertising sales and technology offering across the company. Xandr has been at the center of AT&T's ...
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American Airlines posts first loss since its bankruptcy New York (CNN Business) American Airlines posted a significantly worse-than-expected loss in the first quarter, its first loss since emerging from bankruptcy six years ago. The world's largest airline posted a $2.2 billion net loss. Excluding special items, the ...
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What Warren Buffett Might Tell Us At The 2020 Berkshire Hathaway Annual Meeting Warren Buffett has been surprisingly quiet the last six weeks. In past crises, such as during the 2008-2009 Financial Crisis, he was very generous with his public appearances and with sharing his thoughts. Much less so this time, at least thus far. In the past ...
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Walmart is piloting a pricier 2-hour 'Express' grocery delivery service Record usage of grocery delivery services amid the COVID-19 pandemic has led to delayed orders, fewer open delivery windows and, on occasion, an inability to even book a delivery time slot. Walmart now hopes to capitalize on the increased demand for ...
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Andreessen Horowitz doubles down on 'crypto' with new $515 million fund Andreessen Horowitz is betting big on cryptocurrency—again. Two years after raising $300 million for its first investment fund devoted to Bitcoin and other cryptocurrency projects, the Silicon Valley venture capital firm has raised a second similarly themed fund ...
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The Best Gifts for Long-Distance Moms The fact is, whether you live down the block, in another state, or across the world, most people move out of their childhood homes when they grow up. So most moms, in a way, are a long-distance moms. But some distances are further than others, and every ...
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US Steel's quarterly sales and profit plummet United States Steel's first-quarter sales fell 21% from last year to $2.74 billion, as the company swung to a loss of $391 million from a $54 million profit last year. Sales of flat-rolled steel -- the company's biggest business -- dropped 18% amid the widespread ...
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Oregon's new business tax may take a share of federal coronavirus relief loans The forgivable paycheck protection loans the Small Business Administration is handing out to protect jobs may be taxable under Oregon's controversial new business tax that supports education. The Legislature approved the corporate activity tax in 2019 to ...
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Rental relief approved for Miami, Hialeah residents MIAMI, Fla. – Relief payments up to $1,500 were approved Friday by the City of Miami Commission as part of the newly created Emergency Rental and Utility Assistance Program, which will provide one-time rental and/or utility assistance to income-eligible ...
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Why Abiomed Stock Soared Today Shares of Abiomed (NASDAQ: ABMD) were soaring 13.8% higher as of 3:26 p.m. EDT on Thursday. The big jump came after the medical device maker announced its fiscal 2020 fourth-quarter and full-year results before the market opened. Abiomed reported ...
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Coronavirus aid and jumbo mortgage loans: Can you pause payments? Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Millions of Americans have put their mortgage payments on pause – but relief guidelines are less clear for people with pricier pads and ...
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Nevada casino regulator considering casino capacity limits for reopening The state Gaming Control Board is considering restricting the number of people inside a casino at one time. Control Board Chairwoman Sandra Morgan on Monday said admission restrictions are among the policies the three-member board is considering as ...
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Nearly 15% of workers tested so far at Tyson plant near Tri-Cities are infected The first round of COVID-19 test results for Tyson Fresh Meats near Pasco has found 56 workers with the illness caused by exposure to the new coronavirus. Initial results were for 400 of the approximately 1,400 plant workers tested starting last Friday.
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Google, Facebook and Microsoft's Earnings Were Both Encouraging and Cautious Markets have been quick to give a thumbs-up to any tech earnings report that signals short-term business trends aren't as bad as feared. And in that respect, Alphabet (GOOGL) , Facebook (FB) and Microsoft (MSFT) each delivered the goods this week.
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Kroger expands Dairy Rescue Program to redirect surplus milk The Kroger Co. is augmenting its Dairy Rescue Program to donate milk to those in need, as dairy farmers nationwide dump millions of gallons of milk due to plunging demand amid the coronavirus crisis. Kroger said Thursday that, in partnership with its dairy ...
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Reading the Tea Leaves on Facebook's Q1 2020 Earnings Facebook had a decent Q1, all things considered. Ad revenues rose 17% year over year, reaching $17.44 billion, and user growth was especially strong. There are now nearly 3 billion people using Facebook's family of apps on a monthly basis worldwide.
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Fast-Food Chicken Demand Nears Pre-Pandemic Levels: Pilgrim's Pride CHICAGO — Chicken demand from U.S. quick service restaurants has bounced back to near where it was before the coronavirus outbreak caused consumers to isolate at home, poultry company Pilgrim's Pride Corp said on Thursday. Restaurant demand for ...
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Cinco de Mayo: Party at home with these takeout packages (and margaritas, too) These Connecticut restaurants have build-your-own-taco packages and margarita kits ready, so you can bring Cinco de Mayo home to your place this year. Agave Grill, 100 Allyn St., Hartford, offers several Cinco options. A taco kit, with tortillas, meats and ...
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Visa Warns It Will Be Challenged 'for a Number of Quarters' Visa Inc. Chief Executive Officer Al Kelly warned the firm will be challenged "for a number of quarters" even as declines in spending on its network began to moderate in April. As the U.S. government began sending out stimulus payments to millions of ...
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Kellogg Earnings Stronger Than Expected on Demand in Pandemic Cereals and snacks titan Kellogg (K) - Get Report reported stronger-than-expected first-quarter earnings amid the coronavirus pandemic, tying sales growth in part to consumers stocking up during the pandemic. Adjusted earnings per share dipped to 99 cents ...
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Walmart rewards Louisiana associates with $3.52 million in cash bonuses NEW ORLEANS (WVUE) - According to the company, Walmart associates in Louisiana received a bonus in their paychecks today adding up to $3.52 million statewide. In all, Walmart gave associates $180 million in bonuses nationwide today.
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J.Crew's weekend plans might include filing for bankruptcy Privately held fashion company J.Crew Group is preparing for a bankruptcy filing that could come as soon as this weekend, CNBC reported on Thursday, citing people familiar with the matter. More On: j.crew · Why designers and chains are downplaying their ...
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Strip Clubs Are Offering "Drive-Thru" Experiences During Pandemic A strip club in Oregon called Lucky Devil Lounge has created a "drive-thru" strip club experience to keep its business going during the pandemic, Oregon Live reports. Customers slowly drive through a tent that contains four dancers and a DJ. The first 50 cars ...
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AAA: Texas records lowest statewide gas price average in more than 10 years TEXAS, USA — **EDITOR'S NOTE: The above video is from a story on the impact of oil prices in East Texas which was originally published on April 20, 2020. The statewide gas price average in Texas is $1.50 for a gallon of regular unleaded fuel, according to ...
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Tastemade is Now Streaming on Sling and Vizio SmartCast TVs Today the food and lifestyle network Tastemade is available and live on Sling TV and Vizio SmartCast TVs. This new distribution deal is a result of the network's viewership skyrocketing more than 60% since February, no doubt thanks to people staying at ...
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Sheetz extends extra compensation for store employees until June Sheetz, the Pennsylvania-based restaurant and convenience chain with locations in Maryland and across the mid-Atlantic, Thursday announced it is extending its extra compensation for its store employees until June 4 as they navigate the COVID-19 ...
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Junk-Bond ETFs Add Most Since 2015 on Fed's Fallen-Angel Pledge (Bloomberg) -- After suffering unprecedented dislocations, junk-bond ETFs are back to winning over investors. High-yield exchange-traded funds are on track for their best month of inflows since 2015, attracting $5.2 billion, according to data compiled by ...
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ASX slumps over virus fallout worries Shares have slumped at the start of trade on the Australian stock market as investors respond to more global economic gloom from the coronavirus pandemic. The S&P/ASX200 benchmark index was lower by 163.8 points, or 2.97 per cent, at 5358.6 points ...
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Masks are making it difficult for deaf people to communicate Face masks meant to curb the spread of the coronavirus are hindering communication for the hearing impaired. The deaf and hard of hearing often rely on lip-reading to communicate, proving face masks, now required in most states, to be a source of anxiety, ...
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Art Institute Lions, Picasso statue in Daley Plaza sporting face masks Walk past the iconic lion statues at the majestic entrance to the Art Institute of Chicago on Michigan Avenue and the message roars out loud and clear: If you're in Illinois, you have to wear a mask or face covering in public starting Friday. The large-scale public ...
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