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Investors Cheer Europe's Step Toward United Bond Market Bond investors cautiously cheered a proposal by the European Union to issue centrally backed bonds for the first time, a move that attempts to address financial divisions that have long plagued the eurozone. The European Commission, the bloc's executive, ...
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Stock market live updates: Dow up 300, stay-at-home stocks sink, banks and retail rally Stocks moved between gains and losses on Wednesday during a volatile trading session. The reopening trade had another strong start, led by travel stocks such as airlines. All three large cap indexes and the Russell 2000 were looking to extend gains from ...
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Oil slides on US-China tensions NEW YORK (Reuters) - Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China's proposed security law in Hong Kong and as some traders doubted Russia's commitment to deep production ...
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ThredUP Is The Win You Didn't Know Walmart Needed Walmart is the biggest retailer on the planet. ThredUP bills itself as the largest online thrift store. Now, the two have announced an online partnership that will give consumers access to 750,000 pre-owned women's and children's items, accessories, footwear ...
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Tractor Supply benefitting from consumer trends like gardening and the move to rural communities, analysts say Analysts are drawing comparisons between Tractor Supply's forecast and what Lowe's reported in its quarterly earnings. Tractor Supply is forecasting better-than-expected sales and earnings, sending shares higher. Tractor Supply Co. Email icon; Facebook ...
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Amazon CEO Jeff Bezos rebuffs warehouse safety concerns: 'We've taken this seriously from the beginning' Amazon held its annual shareholder meeting on Wednesday, where it addressed shareholders virtually due to the pandemic. CEO Jeff Bezos lauded Amazon's frontline workers and defended the company's response to the coronavirus. Amazon Founder and ...
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Carnival Corp. CEO Arnold Donald: Science Will Drive Cruise Changes and Return Dates May 27, 2020. (12:45 p.m. EDT) -- Scientific and medical discoveries and advances will dictate any changes and protocols that Carnival Corporation and its nine cruise lines implement before they return, CEO and President Arnold Donald said. In an exclusive ...
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Billionaire Bill Ackman Exits Position In Warren Buffett's Berkshire Hathaway Billionaire Bill Ackman of hedge fund Pershing Square Capital Management has exited his firm's about $1 billion position in Berkshire Hathaway BRK.B , seeking higher returns as cash continues to swell at Warren Buffett's investment conglomerate. Ackman's ...
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Italy's RCS Says Court Ruled 2013 Sale to Blackstone Valid, May Still Win Damages MILAN — Milan's Arbitral Tribunal has judged that the 2013 sale of RCS' headquarters to Blackstone Group was valid but found that the purchaser's behaviour may entitle the Italian publisher to compensatory damages, RCS said late on Tuesday. In relation to ...
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These 7.5%+ Dividends Will Defend Your Retirement Income Right now, millions of people are plowing cash into this market, gambling that the worst of the dividend cuts is behind us. I hope you're not one of them, because this "dividend trap" is likely to spring—and steal away the income (and value) these folks have ...
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Coronavirus Travel Deals In Las Vegas: Free Flights, Cheap Hotels And More Destinations are getting creative—and generous—when it comes to luring travelers back to their destinations. Sicily announced it will cover travel costs to attract tourists to the tourist-starved Italian island, Japan is working on a program that will help subsidize ...
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Google now lets businesses clarify what online services they offer during the pandemic Google will soon let businesses add additional descriptors to their listings that appear in Google Search and Maps results to better help potential customers understand what online services they offer. The company is adding these new descriptors and ...
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Samsung Teams With SoFi For Mobile Money Management Solution To help users manage everyday finances, Samsung Electronics America, Inc. has announced a new mobile-focused money management experience called Samsung Money by SoFi. The technology company said the account is secure and offers rewards for ...
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Goldman says high unemployment will linger as workers are forced to find new jobs Unemployment could remain stubbornly high for the next two years and slow the economic recovery, according to Goldman Sachs. The U.S. is paying displaced workers above their old salaries, a policy not followed in most other countries that instead ...
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Hertz's stock rockets off record low but remains a fraction of pre-bankruptcy prices Shares of Hertz Global Holdings Inc. doubled on heavy volume Wednesday, but retraced only a fraction of what they lost after the car rental company declared bankruptcy ahead of the long weekend. The stock HTZ, +110.81% shot up 104% to climb back ...
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Stocks Have Shrugged Off China-US Tensions. That Could Change. U. S.-China relations continue to deteriorate, though U.S. markets have been relatively ambivalent about the tensions. But developments are on tap this week that could further sour matters, and at least one could force investors to pay more attention. Barely a ...
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Disney and SeaWorld announce plans for Florida parks to reopen SeaWorld and Walt Disney World will reopen in Orlando, Fla., in June and July after months of inactivity because of the COVID-19 pandemic, according to plans a city task force approved Wednesday. The proposals will now be sent to Florida Gov.
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Canada court finds against Huawei CFO Meng Wanzhou on double criminality; extradition trial to continue In a closely-watched decision today, the Supreme Court of British Columbia published a key decision in the extradition case of Meng Wanzhou, the CFO of Huawei Technologies, China's largest telecommunications company and a frequent target of U.S. ...
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Exclusive: Chevron to Cut Up to 15% of Staff Amid Restructuring (Reuters) - Chevron Corp will cut 10% to 15% of its worldwide workforce as part of an ongoing restructuring at the second-largest U.S. oil producer. The oil producer previously disclosed a 30% reduction in its 2020 budget and voluntary job cuts amid this ...
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Small business owners can now apply for PPP loan forgiveness: Everything to know In order to have their loan forgiven, small business owners must fill out an 11-page application, released in mid-May. Facebook; Twitter; Comments; Print; Email. By Megan HenneyFOXBusiness. close. The first of the Payroll Protection Program loans are now ...
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Twitter Loves Your Rage Against Its Machine Social media companies are no strangers to controversy. That might be by design. Major social media stocks Facebook and Twitter traded down on Wednesday morning, after President Trump threatened punitive "action" in response to fact-check labels ...
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Peloton Stock Will Get a Boost From More Connected Subscribers Than Expected, Analyst Says Peloton Interactive shares were falling again on Wednesday, even after an analyst at Oppenheimer pointed to online traffic data he thinks could signal better-than-expected results subscriber growth. Where we were. Since Peloton went public last September, ...
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Smart home company Savant set to acquire GE Lighting Massachusetts-based smart home company Savant Systems this morning announced a deal to require GE Lighting. The division has existed as part of General Electric since 1911, with its origins reaching back even further to Thomas Edison's work in the ...
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Coinbase to acquire Tagomi to improve institutional trading offering Cryptocurrency exchange company Coinbase has announced plans to acquire Tagomi, an advanced cryptocurrency brokerage platform specifically targeted at professionals and institutional investors. Terms of the deal are undisclosed and the acquisition is ...
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Tesla giving a $5K price cut, but Model S and Model X won't have free Supercharging anymore As Elon Musk's SpaceX prepares to soar to new heights Wednesday, Tesla announced it would bring down its car prices. His electric vehicle and clean energy company reduced the price of the Model 3, Model S, and Model X in North America, reflected on ...
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Fed's Bullard: Expanded unemployment pay not appropriate as recovery takes hold WASHINGTON (Reuters) - Expanded unemployment benefits were an appropriate policy during the coronavirus shut down but would not be appropriate as the recovery takes hold, St. Louis Federal Reserve president James Bullard said on Wednesday.
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Zions Bank to build new tech campus on former Sharon Steel mill site in Midvale Zions Bank said Wednesday it will build a high-tech campus and operations center on the former Sharon Steel superfund site in Midvale. To be completed in the summer of 2022, the 400,000 square foot campus will accommodate more than 2,000 of the ...
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Papa John's record sales growth continues for second straight month Unlike the vast majority of restaurants right now, Papa John's is emerging from the coronavirus crisis stronger than ever with another month of record sales. Earlier this month, I reported the Louisville-based pizza giant saw 27% comparable sales growth in ...
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Apple to reopen 100 more US stores this week Many of the stores are offering curbside or storefront service only, while several will allow customers inside, albeit with face masks on and social distancing rules in effect. Live. How to repair your iPhone with Apple retail stores closed due to coronavirus. 7:21.
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Tesla's next US factory could be in one of these states Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. Tesla CEO Elon Musk's short-lived spat with county officials over reopening a sprawling California factory led him to threaten to leave the ...
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Michigan malls reopening as coronavirus restrictions loosen Some of the biggest shopping malls in Michigan are preparing to welcome customers back this week as retail shopping has reopened. Great Lakes Crossing, Twelve Oaks, Somerset Collection and Woodland Mall are among the malls that have confirmed ...
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Fed's Beige Book reports coronavirus pandemic triggered 'sharp' decline in US economic growth The report, prepared by the Federal Reserve Bank of St. Louis, was based on information collected through May 18. Facebook; Twitter; Comments; Print; Email. By Megan HenneyFOXBusiness. close. Federal Reserve Chair Jerome Powell and Treasury ...
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What If You Missed the Deadline to Get a Stimulus Check Directly Deposited? For most Americans, May 13 was the last day to provide their direct-deposit information to the IRS so they could get their coronavirus stimulus check put straight into their bank account. COVID-19 payments were authorized by the Coronavirus Aid, Relief, and ...
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Barry's Pizza closes after 37 years of business A longtime Houston restaurant has closed its doors. Barry's Pizza, at 6003 Richmond Ave., announced on social media Tuesday that it has permanently closed due to the shutdown amid the coronavirus pandemic. "Well friends, it's official. COVID-19 killed ...
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Dunkin' offers free coffee, doughnut for Cleveland-area graduates CLEVELAND, Ohio - Graduates might not be walking across stages to "Pomp and Circumstance" because of coronavirus concerns, but at least they can receive a coffee and doughnut: Dunkin' is offering a free medium hot or iced coffee and a free doughnut to ...
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Ralph Lauren shares slip after wider-than-expected losses Ralph Lauren Inc. RL, +11.71% shares slipped 1.3% in Thursday premarket trading after the luxury clothing and accessories company reported wider-than-expected fourth-quarter losses. Net losses totaled $249 million, or $3.38 per share, after net income of ...
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Marion County hits highest unemployment rate since 1982 MARION — Marion County's unemployment rate hit 17.5% in April, the highest it has been since 1982, according to Ohio Department of Job and Family Services estimates. Job and Family Services released April's county-level unemployment statistics on ...
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Boral facing second class action over North American windows operations ASX-listed building products giant Boral is facing its second class action in six weeks over financial irregularities uncovered at its US windows business late last year. The action will be launched by Maurice Blackburn Lawyers on Thursday and will allege ...
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St. Charles, downtown St. Louis casinos could be only two operating in region next week JEFFERSON CITY — State and local officials are preparing for the reopening of casinos on Monday, undeterred after photos of shoulder-to-shoulder Lake of the Ozarks revelers hit the national spotlight this weekend. The casinos will limit amenities and boost ...
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American Airlines to tell customers when planes fill up (WFLA/CNN Newsource) – American Airlines wants to make sure customers know whether or not they will be boarding a full flight. If the airline sees a flight starting to fill up, it will let customers know. American Airlines will then let customers switch flights at no ...
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Sensex rises 1000 points as banking stocks shine Indian equity benchmarks rose over 3% on Wednesday, with the benchmark Sensex gaining more than 1,000 points during intraday trade, as banking and financial stocks witnessed huge buying interest ahead of the derivatives expiry on Thursday.
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Federal bill would create 9/11-type business insurance plan for pandemics A new bill led by Rep. Carolyn Maloney would create a federally backed business interruption insurance fund to cover losses from a pandemic. Since the lockdown began, insurers have infuriated restaurants and other businesses by universally rejecting ...
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New Mobile Update Will Help Trace COVID-19, But Raises Privacy Concerns There's a new mobile update from Apple and Google that's designed to help public health agencies track COVID-19, but it's also raising concerns among security experts. It works by sending random Bluetooth signals to other devices, but only ones that also ...
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Deutsche Bank, BlackRock CEOs warn against too much optimism in markets FRANKFURT (Reuters) - The heads of Deutsche Bank and BlackRock on Wednesday warned against too much optimism in financial markets. Deutsche Bank chief executive Christian Sewing said that investors should not get carried away after a recent ...
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COVID-19 cluster emerges at Worcester Sam's Club WORCESTER — Another cluster of COVID-19 cases has emerged in Worcester, at the Sam's Club distribution center near the Walmart store on Tobias Boland Way, Worcester City Manager Edward M. Augustus announced Tuesday. Earlier this spring, 81 ...
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RudderStack raises $5M seed round for its open-source Segment competitor RudderStack, a startup that offers an open-source alternative to customer data management platforms like Segment, today announced that it has raised a $5 million seed round led by S28 Capital. Salil Deshpande of Uncorrelated Ventures and ...
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Judge cancels oil and gas leases over bird habitat With help from Zack Colman and Gavin Bade. Editor's Note: Morning Energy is a free version of POLITICO Pro Energy's morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need ...
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