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Australia drops more than 3%, with major markets in Asia closed for holidays Shares in Japan and Australia fell during trade on Friday morning. Major markets across the region, including China, Hong Kong, South Korea, India and Singapore, are closed on Friday for holidays. On the economic data front, South Korean exports fell in ...
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Coronavirus causes worst smartphone market contraction in history The coronavirus pandemic has caused the smartphone market to suffer its fastest ever first-quarter year-on-year decline, according to new data from analyst firms. Counterpoint Research and Canalys both put the overall drop in global shipments at 13 percent, ...
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Aging Bull: Cramer's 'Mad Money' Recap (Thursday 4/30/20) After a meteoric rise from their March lows, the markets are stretched pretty thin, Jim Cramer warned his Mad Money viewers Thursday. Without more fuel to keep the rally burning, May could prove to be another difficult month for stocks. Cramer said there were ...
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Where to Apply for PPP If You Aren't a Customer The Paycheck Protection Program landscape has been beyond challenging for small business owners. According to COVID Loan Tracker, as of April 30th, only 10.2% of small business owners report actually receiving PPP loans. That compares to the 30% ...
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Amazon Sees Possible Second-Quarter Loss as It Forecasts $4 Billion in COVID-19-Related Costs (Reuters) - Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.
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Itching to visit Las Vegas again? MGM Resorts says these Strip hotels will reopen first When will travelers be able to slide $20 bills into a slot machine, feast at a celebrity restaurant or see a show in Las Vegas again? MGM Resorts, operator of a dozen properties in the gambling and entertainment capital, can't answer that question because the ...
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Brewers Association Cuts 23% Of Staff The Brewers Association (BA), a national trade group representing the interests of small and independent U.S. beer companies, has been forced to slash nearly a quarter of its workforce as a result of the coronavirus pandemic. On Monday, the not-for-profit ...
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Milwaukee-area restaurants are doing Mother's Day specials by takeout this year Mother's Day, which falls on May 10, is one of the busiest days in a restaurant's year. Even though dining rooms are closed during this phase of the pandemic, restaurants still will do the cooking for Mom — it's just that Mother's Day meals are to go.
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Fed's Balance Sheet at $6.7 Trillion, but Growth Pace Down Sharply (Reuters) - The Federal Reserve's balance sheet increased to a record $6.70 trillion this week, but the pace of expansion slowed dramatically as key credit markets have calmed since a firestorm of volatility sparked by the coronavirus pandemic drove the ...
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Gilead Sciences Tops Earnings Estimates Gilead Sciences, Inc. (GILD) - Get Report beat earnings and revenue estimates and said it's expanding production of its remdesivir drug, which is in trails as a possible treatment for Covid-19. The company reported non-GAAP diluted earnings of $1.68 a share ...
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Economic Reopening Will Come in Phases, Officials Say For more than a month, Hawai'i's economy has been shut down in an effort stem the spread of the COVID-19 pandemic. In the past 11 days, the most new coronavirus cases reported in one day was six. As a result, Gov. David Ige announced Wednesday the ...
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Wells Fargo Isn't Accepting HELOC Applications -- Will Credit Continue to Tighten? Wells Fargo (NYSE:WFC) announced Thursday that it will no longer be accepting applications for home equity lines of credit, or HELOCs. This is the latest move by a major U.S. financial institution to tighten its mortgage lending practices. JPMorgan Chase ...
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Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies BEIJING, May 1 (Reuters) - U.S. electric vehicle maker Tesla Inc TSLA.O said in Friday it has cut the starting price for China-made Model 3 sedans by 10% to qualify for subsidies in the world's biggest auto market. Tesla, which started delivering cars from its $2 ...
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Carlyle beats Q1 profit estimates as distributable earnings surge By comparison, Blackstone Group Inc BX.N, the world's largest private equity firm, said last week that its private equity portfolio fell by 21.6% in the first quarter, while opportunistic and core real estate funds fell by 8.8% and 3.9% respectively. Blackstone ...
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Opinion: Musk vs. Zuck: A tale of two CEOs acting much differently during a pandemic Facebook and Tesla both reported earnings and had conference calls that discussed the effects of COVID-19 on Wednesday, but the results were very different. Facebook Inc. Chief Executive Mark Zuckerberg and Tesla Inc. CEO Elon Musk handled the ...
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6th Employee At JBS Meat Packaging Plant Dies From Coronavirus WELD COUNTY, Colo. (CBS4) – Union officials for JBS employees in Weld County confirm to CBS4 a sixth employee has died from coronavirus. The latest details were revealed on Thursday. The plant reopened last Friday after being shut down for cleaning ...
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Amazon extends work from home status until Oct. 2 for eligible employees In light of the coronavirus pandemic Amazon is encouraging eligible employees to work from home until early October to limit the spread of the virus and keep workers safe. An Amazon spokesperson said Thursday the company is prioritizing the health of its ...
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Molina to Buy Magellan Managed Care Unit for $820 Million Long Beach health insurance giant Molina Healthcare Inc. has agreed to buy the Magellan Complete Care managed health care unit from Phoenix-based Magellan Health Inc. for $820 million in cash. The deal is expected to close in the first quarter of 2021.
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Walmart gives $180 million in bonuses nationwide to employees BENTONVILLE, Ark. (WMBF) – Walmart employees across the nation received a little extra cash as a 'thank you' for taking care of customers during this global health crisis. The company accelerated the payout of its quarterly incentive, so employees received ...
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Kraft Heinz cautious on back half after first-quarter tops estimates LONDON (Reuters) - U.S. food producer Kraft Heinz Co (KHC.O) on Thursday struck a cautious tone about its 2020 performance following a better-than-expected start due to coronavirus-related stockpiling. FILE PHOTO: Bottles of Heinz tomato ketchup of U.S. ...
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Coronavirus has infected 500 TSA employees, agency says Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. The Transportation Security Administration (TSA) has announced that the novel coronavirus has infected 500 federal employees to date. While 208 employees have ...
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ResMed stock rises as earnings beat on ventilator production ResMed Inc. RMD, -0.63% shares rose in the extended session Thursday after the medical equipment maker topped Wall Street estimates as it ramped up its manufacturing of ventilators amid the COVID-19 pandemic. ResMed shares rose 6.2% after hours, ...
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Kroger opens its first Columbus coronavirus testing drive-through Kroger on Thursday opened its first drive-through testing site for COVID-19 at the Franklin Park Conservatory and Botanical Gardens. Marilee Hanna of New Albany just wanted to make sure her son, Anthony, didn't have the coronavirus. She said antibody ...
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OhioHealth experts discuss testing antibodies for COVID-19 COLUMBUS, Ohio (WSYX/WTTE) — Antibody testing has accelerated in recent weeks and now there are more than 60 different types on the market. Antibodies are proteins used by our immune system to help fight off infection which is why antibody testing ...
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Restaurants prepare to reopen dining rooms May 1 According to Gov. Greg Abbott's order, restaurants can re-open their dining rooms on Friday. However, they can only have 25% occupancy. The guidelines set for restaurants also go into detail on expectations to keep both employees and customers safe.
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Decline in statewide gas prices slows, but still reaches 11-year low Gas prices continued to drop across the state and nation this week, though the angle of descent is no longer as steep as prior weeks. Nonetheless, the statewide average price for a gallon of regular unleaded has fallen to an 11-year low of $1.50, AAA ...
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FDA: Ivermectin not approved for COVID-19 treatment The Food and Drug Administration issued a warning in early April that ivermectin, an antiparasitic drug, should not be used in the treatment of the novel coronavirus that causes COVID-19. The drug is approved by the FDA to prevent heartworm disease in ...
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ISM manufacturing, ExxonMobil, Chevron earnings: What to know in markets Friday Key manufacturing data and ExxonMobil (XOM) and Chevron (CVX) earnings take centerstage Friday to close out a busy week. The Institute for Supply Management's manufacturing report for April is expected to show that manufacturing activity during the ...
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California Water Service Group: 1Q Earnings Snapshot SAN JOSE, Calif. (AP) _ California Water Service Group Holding (CWT) on Thursday reported a loss of $20.3 million in its first quarter. On a per-share basis, the San Jose, California-based company said it had a loss of 42 cents. The water utility posted ...
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Amazon plans 2nd massive fulfillment center at Tradepoint Atlantic Amazon plans to open another massive fulfillment center at the Tradepoint Atlantic development on Sparrows Point. Tradepoint Atlantic said Thursday that Amazon plans to add a 1-million-square-foot property. The online retailing and cloud infrastructure ...
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