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Oil posts double-digit gains after US crude storage build slows NEW YORK (Reuters) - Oil prices surged more than 10% on Wednesday after U.S. crude stockpiles grew less than expected and gasoline posted a surprise draw, feeding optimism that fuel consumption will recover as some European countries and U.S. state ...
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New York Times: FDA expected to issue emergency authorization for remdesivir The US Food and Drug Administration plans to announce an emergency-use authorization for remdesivir, according to the New York Times. The authorization for the investigational coronavirus treatment could come as soon as Wednesday, the Times ...
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The 10 Best Chinese Stocks You Can Buy This a precarious time to be investing in China. But many Chinese stocks, particularly in the technology and service sectors, look attractive if you're willing to deal with some volatility. Even before the coronavirus outbreak, which originated in Wuhan province, ...
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AMD stock falters as growth outlook sends mixed signals to analysts Some are encouraged by company's growth expectations while others worry they will require perfect execution for the rest of the year. AMD shares dropped in Wednesday morning trading. David Paul Morris/Bloomberg. Email icon; Facebook icon; Twitter icon ...
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GE burns more cash than expected as COVID-19 takes a $1 billion bite General Electric Co. made it abundantly clear when reporting first-quarter results, in which adjusted profit and free cash flow missed expectations, that the COVID-19 pandemic was to blame for much of the quarter's weakness. The negative effect of the ...
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Big US Banks to Be Temporarily Locked Out of Small Business Lending Program-SBA WASHINGTON — The Small Business Administration on Wednesday said it would be temporarily closing its Paycheck Protection Program (PPP) for small businesses hurt by the novel coronavirus to all but the country's smallest lenders, in a bid to give them ...
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Why is Blue Apron (APRN) Tanking Today? Shares of meal kit provider Blue Apron APRN slid roughly 24% in morning trading on Wednesday after the company reported weaker-than-expected Q1 earnings. First quarter net loss of $20.1 million, or $1.51 a share, was wider than the year-ago net loss of ...
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Anthem's Q1 Revenue Jumps 21% Thanks to Acquisitions Anthem (NYSE: ANTM) claims a dubious distinction in 2020. It's the worst-performing stock among the big health insurers (excluding CVS Health, which owns Aetna but generates more of its revenue from its pharmacy-related businesses). But Anthem could ...
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Bitcoin surges above $8000 for the first time in 2 months ahead of a key halving in the crypto markets Bitcoin crossed the $8,000 mark for the first time on Wednesday since March ahead of "bitcoin halving" that will take place on May 12. Some analysts expect the bitcoin halving to increase prices. "After the two previous halvings, we've seen the price reach an ...
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Why Airline Shares Are Soaring Today Many airline stocks have lost more than half of their value this year, as the COVID-19 pandemic has caused global air travel demand to evaporate and left carriers scrambling to cut costs to survive. The stocks have been trading as if bankruptcies were ...
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Harley-Davidson Motorcycle Sales Evaporate in Face of COVID-19 Pandemic First-quarter motorcycle sales for Harley-Davidson (NYSE:HOG) were as terrible as you'd expect, plunging 18% worldwide from the year-ago quarter and down more than 15% in the U.S.. What might be more surprising is that the bike maker said ...
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Lyft Lays Off Nearly 1000 Employees As Virus Saps Demand For Rides Lyft is laying off 982 employees — 17% of its workforce — as it tries to reduce costs amid plummeting demand for rides. It is furloughing hundreds more workers, and cutting pay. "It is now clear that the COVID-19 crisis is going to have broad-reaching ...
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Spotify surges 17% after reporting 31% jump in paid subscribers amid coronavirus lockdowns (SPOT) Spotify surged as much as 17% on Wednesday after reporting a 31% jump in paid subscribers amid the coronavirus lockdown. The Swedish company said "Every day now looks like the weekend" as consumer listening habits change dramatically due to the ...
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Alphabet Stock Rises Because Earnings Weren't as Bad as Feared The Street isn't so much celebrating a great quarter as breathing a sign of relief that things weren't worse, though many analysts responded today by upping price targets. The Street isn't so much celebrating a great quarter as breathing a sign of relief that ...
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Google Cloud opens its Las Vegas region Google Cloud today announced the official opening of its Las Vegas data center region. With this, Google Cloud now operates four regions in the western U.S., with Las Vegas complementing Google Cloud's existing data centers in Los Angeles, Calif.; The ...
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Coronavirus updates: Stimulus money questions; Alaska Air tests to fly cargo This article has Unlimited Access. For more coverage, sign up for our daily coronavirus newsletter. To support our commitment to public service journalism: Subscribe Now. Updated at 8:30 a.m.. Alaska Air Cargo announced it will fly passenger jets as ...
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Fake doctor falsely claims he has coronavirus cure and a 2003 Olympic medal, feds say This article has Unlimited Access. For more coverage, sign up for our daily coronavirus newsletter. To support our commitment to public service journalism: Subscribe Now. Gordon Pedersen told televangelist Jim Bakker in 2011 that 51% of Americans would ...
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Cruise industry bailout? Maybe, say Florida leaders, but with hefty conditions Industry leaders balk at a U.S. bailout of international cruise lines, but with over 400,000 American jobs at stake, some suggest a possible solution. As legislators battle over a potential bailout for the U.S. Postal Service — which is facing a $13 billion deficit ...
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HBO Max Streaming Service to Be Available on Google Platforms at Launch (Reuters) - HBO Max, the upcoming streaming service from AT&T Inc owned WarnerMedia, will be available across Google platforms and devices when it launches on May 27, the company said on Wednesday. HBO Max is entering a crowded streaming ...
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US Treasury Chief Says Reserving Capital to Add to Fed Coronavirus Lending Programs WASHINGTON — U.S. Treasury Secretary Steven Mnuchin said on Wednesday he is keeping some $259 billion worth of coronavirus aid capital in reserve for new or expanded Federal Reserve Lending programs, but is not considering further aid to airlines ...
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Tyson to double 'thank you bonuses' to frontline workers, with first check scheduled for early May Tyson Foods Inc. TSN, +1.05% said Wednesday that it is doubling the "thank you bonuses" it's paying to its 116,000 frontline workers in the U.S. to $120 million, with the first bonus installment of $500 scheduled to be paid in early May. The second $500 bonus ...
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JD.com Might Raise $3 Billion Via Secondary Offering in Hong Kong China's e-commerce giant JD.com (NASDAQ:JD) is looking to raise approximately $3 billion via a secondary listing in the Hong Kong Stock Exchange, according to a Reuters report. There was, however, no confirmation from the company's management ...
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Cinco de Mayo cocktails to make at home There'll be no big outdoor celebrations for Cinco de Mayo this year, but that doesn't mean we can't have a fiesta at home. We asked three Houston chefs for their best cocktail recipes. Hugo Ortega, Hugo's. Smoking Pineapple Mezcal Margarita. To make the ...
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New York Says Cut Cable Fees Since There Are No Live Sports New York's top law enforcement officer demanded that the big cable and satellite television providers cut or eliminate fees tied to live sports programming during the coronavirus pandemic, saying customers are being forced to pay for access to events that ...
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BBB warns about phony websites selling in-demand products MADISON, Wis. (WMTV) - With the COVID-10 pandemic, items like sanitizers, disinfectants, masks and paper products are in short supply. The Better Business Bureau is warning consumers not to get scammed by a website promising these products.
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Whitmer administration: Auto insurance savings will exceed requirements Lansing — Gov. Gretchen Whitmer's administration says savings under Michigan's new auto insurance law will exceed legal requirements. But opponents of the law aren't painting such a rosy picture. In a statement Tuesday, Whitmer's administration said the ...
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Report: Simon Property to reopen seven DFW shopping centers on Friday On the heels of Texas Gov. Greg Abbott's plan to reopen the Texas economy, the country's largest mall owner plans to reopen seven of its North Texas shopping centers starting on Friday, according to a report from CNBC. Along with its properties in North ...
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16-Year-Old Shot in Southwest Miami-Dade A 16-year-old was rushed to the hospital after being shot in southwest Miami-Dade Wednesday. The shooting was reported in the 14700 block of Buchanan Street in Richmond Heights. Miami-Dade Police confirmed the teen was airlifted to a local hospital, but ...
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California Scales Up 1st-In-US Electric Truck Sale Proposal SACRAMENTO, Calif. — California regulators on Tuesday strengthened a proposed first-in-the-nation rule that would force auto makers to sell more electric delivery vans and work trucks in a state with the country's worst air quality. The updated rule proposed ...
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After a month, Best Buy cracks open its doors to customers Best Buy Co. Inc., which drastically scaled back its operations in March in the face of the spreading Covid-19 pandemic, said Tuesday it will begin reopening its stores to customers and resume in-home visits over the coming weeks. CEO Corie Barry, in a ...
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McDonald's Canada faces coronavirus beef shortage, removes Angus burgers Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. McDonald's Canada cited "unprecedented COVID-19 impacts on the Canadian beef supply chain" for its decision to import meat. The fast ...
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Flexsteel Industries closing Starkville plant, laying off 170 Iowa-based furniture maker Flexsteel Industries has announced it will permanently close its Dubuque, Iowa and Starkville, Mississippi manufacturing facilities. The company announced the closure Wednesday morning, minutes before a conference call to ...
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Rawlins gas prices highest in state RAWLINS (WNE) – Carbon County has some of the highest gas prices in Wyoming, according to price indexing websites, and some residents are starting to question why. "The price of oil is down so far, and yet the price of gas in Rawlins does not reflect that," ...
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Coors Wants to Send Free Beer to Your Loved Ones — Here's How to Sign Them Up 94-year-old Olive Veronesi loved her delivery so much, Coors wants to help out more beer drinkers in quarantine. By Andrea Romano. Updated April 29, 2020. Advertisement. Save Pin FB More. Tweet Email Send Text Message Print. Coors Light sends a ...
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Nudging reaction in reverse repurposes polyurethane foam Polyurethane shows up in all sorts of consumer products: seat cushions in furniture and vehicles, car bumpers, shock-absorbing sneaker soles, and more. The global market for polyurethane was over $19 billion last year, and when those products wear out ...
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Amazon workers tally virus cases, voice alarms about risks With each new case of COVID-19 reported at an Amazon warehouse, workers receive a text or voicemail alert assuring them that the best safety procedures recommended by the Centers for Disease Control and Prevention are being put in place.
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US patent office rules that artificial intelligence cannot be a legal inventor The US Patent and Trademark Office (USPTO) has ruled that artificial intelligence systems cannot be credited as an inventor in a patent, the agency announced earlier this week. The decision came in response to two patents — one for a food container and ...
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Humana Q1 largely unscathed by COVID-19, expects headwinds for small group segment Humana beat Wall Street expectations during the first quarter of 2020, delivering better than expected earnings, revenue and medical loss ratio. Analysts with Jefferies said it had the strongest first quarter results of any managed care organization reporting so ...
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