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Sterling rises to two-week high as dollar weakens LONDON (Reuters) - The pound rose against the dollar and euro on Tuesday, hitting a two-week high and holding above $1.235, boosted mainly by improving global risk appetite which saw the greenback fall. FILE PHOTO: Pound Sterling notes and change ...
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Uber and Lyft Drivers Sue for New York Unemployment Benefits Doh Ouattara drove for Uber and Lyft from 2016 until mid-March of this year, when he became concerned about the pandemic. With three children under 6 to provide for, he decided to apply for unemployment benefits. But despite hundreds of calls to the New ...
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Buffett Is Shortsighted On Airlines: Southwest Is A Steal At This Price Warren Buffett famously advised "be greedy when others are fearful", and I think he should follow his own advice – assuming he is still a long-term investor. Those overlooking Southwest Airlines Company (LUV), Warren Buffett included, are in the Danger ...
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LATAM becomes largest airline yet driven to bankruptcy by coronavirus (Reuters) - Chile's LATAM Airlines Group (LTM.SN) filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. FILE PHOTO: The logo of LATAM Airlines is ...
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US consumer confidence stabilizes as economy reopens WASHINGTON (Reuters) - U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was probably in the past as the country starts to reopen, but it would probably take a while to dig out of the hole ...
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Scotiabank says third-quarter loan-loss provisions to be near current elevated level (Reuters) - Bank of Nova Scotia on Tuesday said it expects third-quarter credit-loss provisions to be at similar levels to the previous three months, when it more than doubled the money set aside to cover loan losses, leading to a 41% drop in profit. But a profit ...
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Oil prices gain as faith in supply cuts grows NEW YORK (Reuters) - Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up with coronavirus restrictions easing. FILE PHOTO: The sun sets behind an ...
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GLOBAL MARKETS-Stocks rally, S&P 500 crosses 3000 barrier; oil gains ... * S&P 500 clears 3,000 hurdle. * China central bank says to strengthen economic policy. * Oil gains as supply falls, U.S. rigs hit all-time low. * World FX rates in 2020 tmsnrt.rs/2egbfVh. By Herbert Lash and Marc Jones. NEW YORK/LONDON, May 26 ...
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Facebook rebrands Libra wallet Calibra to Novi When Facebook unveiled Libra, its cryptocurrency project, there were two distinct entities — the Libra Association, a not-for-profit that oversees all things Libra, and Calibra, a Facebook subsidiary that is building a Libra-based wallet with integrations in ...
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Sanofi, Regeneron boost Dupixent's megablockbuster quest with latest trial win Sanofi and Regeneron rejiggered their longstanding antibody partnership based on underwhelming sales of key drugs in the past. But one thing that won't change is their collaboration on promising immunology med Dupixent, and positive data in a rare ...
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Detailed COVID-19 data for Gilead's remdesivir is finally here, confirming its benefits and limitations Detailed data from a National Institutes of Health-run study show Gilead Sciences' remdesivir worked best in COVID-19 patients who required oxygen supplementation but were not mechanically ventilated. (Gilead). Share Facebook Twitter LinkedIn Email ...
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Maersk, Orsted and other Danish companies team up to produce sustainable fuels on a large scale Goal of the partnership is to establish large facility that will provide fuels for maritime, air and road transport. Companies say that a hydrogen and e-fuel production site could be up and running by 2023. Maersk containers onboard the container ship ...
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Treasury yields rise on coronavirus vaccine hopes and economic reopening Treasury yields climbed on Tuesday in a holiday-shortened week, with mounting optimism about a coronavirus vaccine driving some risk-on sentiment from investors. Treasurys. TICKER, COMPANY, YIELD, CHANGE, %CHANGE. US3M, U.S. 3 Month ...
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Hedge Fund Angelo Gordon buys Northern Oil & Gas debt (Reuters) - Hedge fund Angelo Gordon & Co on Tuesday bought $33 million worth of Northern Oil & Gas Inc's (NOG.A) debt and said it was planning to push for deals that would increase the shale producer's cash reserves. Angelo, which is already the ...
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This Is How The Spread Of Coronavirus Is Changing The Mortgage Process To say that coronavirus has a marked impact on the mortgage industry would be an understatement. As interest rates continue to be volatile and lending standards tighten up across the board, I decided to take a closer at what specific effects the virus is having ...
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Dow Jones Surges 600 Points as Merck Works on Vaccine, Restaurant Activity Picks Up Merck is going after COVID-19 from multiple angles, and McDonald's should benefit from rising restaurant visits. Timothy Green. (TMFBargainBin). May 26, 2020 at 11:19AM. Author Bio. Tim writes about technology and consumer goods stocks for The Motley ...
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PPP Loan Demand Peters Out Amid SMB Confusion First the rush to get in – and then, perhaps, the rush to get out. Since debuting on April 3, the Paycheck Protection Program (PPP) – the U.S. Small Business Administration (SBA's) initiative to grant SMBs forgiveness loans to pay workers for eight weeks ...
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Renault, Nissan Will Slash Output, But Will The Alliance Flourish Or Whither? News is expected this week which will either cement the Renault-Nissan alliance for the foreseeable future, or send its French and Japanese components scurrying back to the drawing board to find a new way to safeguard their futures in a troubled, ...
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McLaren to Cut 1200 Jobs, Looks to Mortgage Heritage Car Collection to Raise Funds While all automakers have been suffering in the COVID-19 crisis, luxury manufacturers have been struggling more than most with production shutdowns and collapsing revenues. We've already told you about Aston Martin's battle to secure its future—one that ...
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The CEO of Hertz will get a $700000 payday as his 103-year-old company crumbles into bankruptcy Car rental giant Hertz filed for bankruptcy on May 20. A May 26 federal filing reveals that Hertz paid out $16,221,000 among its 340 top executives on May 19. It's part of a retention program to ensure executives don't leave the company. The filing does not ...
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US New-Home Sales Post Slight Gain in April BALTIMORE — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers. The Commerce Department reported Tuesday that sales of new single-family homes rose slightly ...
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2020 Ford Edge ST-Line Is for Those Who Value Looks over Performance The 2019 Ford Edge ST was the first SUV from the Blue Oval brand to wear the high-performance ST badge, and in its two years on the market, it has been responsible for close to 13 percent of all Ford Edge sales. To increase its popularity, Ford will now offer ...
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Best CBD Gummies UK for Pain, Sleep & Anxiety (2020) CBD oil possesses many benefits for individuals suffering from chronic anxiety and pain, but it is not pleasant to take. Have you ever wanted to try the oil only to be stopped by the unpleasant flavour or taste of CBD? Are you sick and tired of trying to hold drops ...
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Wall Street sees big burst as recovery hopes overcome virus worries Wall Street rose Tuesday as hopes for economic recovery overcame worries over the coronavirus pandemic. And after two months, the trading floor of the New York Stock Exchange reopened, with New York Gov. Andrew Cuomo ringing the opening bell.
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UPDATE 1-Lilly, Junshi Biosciences plan to start human trials of COVID-19 antibody in Q2 (Adds details on the antibody, preclinical study results, background). May 26 (Reuters) - Shanghai Junshi Biosciences Co Ltd said on Tuesday it plans to start clinical studies to test its experimental antibody against COVID-19 in the United States and China in ...
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2021 Mercedes S-Class Shows Its Face Officially, Debuts Later This Year This teaser photo from Mercedes-Benz doesn't mark the first time we've seen the new generation of the S-class flagship, given that leaked photos of the new model appeared on Instagram a few weeks ago. But this is the first time that Mercedes is officially ...
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Six Flags rolls out 'extensive' safety measures at Georgia parks Your next trip to Six Flags Over Georgia or White Water in Cobb County will be vastly different due to the COVID-19 pandemic. The theme park will implement several new "extensive" safety protocols to protect guests and employees from possible exposure to ...
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Warner Music kicks off $1.8 billion Nasdaq IPO (Reuters) - Warner Music Group said on Tuesday it is aiming to sell up to $1.82 billion in stock in its U.S. initial public offering, potentially the largest New York IPO so far in 2020 as the market for new stocks rebounds after the COVID-19 pandemic put many ...
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Remember Popeyes' viral chicken sandwich? KFC now has its own The battle over the best fried chicken sandwich may have started in 2019, but KFC is ready to reignite the flames. On Monday, the Kentucky-based chicken chain announced that it would be launching a new version of its classic chicken sandwich called the ...
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Home Prices Still Moved Higher in March Even as the COVID-19 pandemic began to hobble home sales in many locations, home prices continued to increase. the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) held to its 5.7 percent gains the prior month while the S&P ...
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Don't throw away that debit card you got in the mail. It may be your stimulus payment Residents are being warned not to mistake their stimulus payment for a scam after millions of prepaid debit cards were mailed out last week as part of the $2 trillion CARES Act, which offers a one-time payment of up to $1,200 in federal assistance to some ...
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AerCap delays delivery of another 37 aircraft to 2023 and later AerCap Holdings N.V. AER, +6.21% rallied 6.4% in morning trading Tuesday, after the aircraft leasing company said it has postponed the delivery of another 37 aircraft, as it continues to look to reduce cash outlays for this year and next amid market ...
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Travel companies lead European stocks higher as global markets rally Travel stocks rallied in Europe on Tuesday on Spain's decision to let in foreign visitors, as stocks climbed for a second day on optimism over a slowly recovering world economy. The FTSE 100 UKX, +1.27% climbed 1.8% after a three-day break. TUI TUI ...
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Sarasota-Manatee gas prices bounce back Gas prices hit their lowest Memorial Day levels in 17 years, but many drivers stayed at home for the unofficial start of the summer travel season. Pump prices, suppressed since the outbreak of the coronavirus in February, are bouncing back as Florida reopens ...
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Royal Caribbean Cruises Stock Lost 70% In 3 Months: Can It Recover? Considering how Covid-19 spread on cruise liner Diamond Princess, and the measures taken by governments all over the world, the entire cruise line industry is on its knees with no demand and high cash outflow. Royal Caribbean Cruises' stock ...
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Pizza Hut giving away free pizza to all 2020 graduates Get it while it's hot! Pizza Hut recently announced that it's giving away 500,000 pizzas to the graduating class of 2020. Graduates can score a free one topping medium pizza but you have to act fast. The offer is only available until Thursday, but can be ...
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Bharti Airtel promoter sells over $1 billion stake to Societe Generale, Blackrock, others Bharti Telecom Ltd, promoter of Bharti Airtel Ltd, has sold 150 million shares worth a total of ₹8,433 crore, or $1.15 billion, to various foreign institutional investors and some domestic mutual funds, a source in the know told Mint. While the FIIs included Societe ...
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Gold Prices Slip, 'Flood of Scrap Selling' Forecast as Mining Sees 'Exploration Boom' GOLD PRICES slipped near 2-week lows in London trade Tuesday, dropping to $1720 per ounce as world stock markets rose amid mixed news over consumer gold demand and the possibility of a surge in supply from both mining and scrap selling as major ...
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This is why Netflix are deleting thousands of accounts Netflix are set to delete thousands of accounts around the world. The streaming giant, known for its big-budget shows such as Stranger Things, Hollywood and The Crown, has issued a statement explaining the move. What have Netflix said? The reason ...
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Cancelled weddings – refusal to issue refund may be breach of law Some UK wedding venues may be breaking the law by using unfair small print to get out of refunding couples for ceremonies cancelled due to the coronavirus crisis, according to an investigation by consumer body Which? With the UK's wedding season ...
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Macy's names Felicia Williams interim CFO in face of $1B loss Anne Stych, Staff Writer May 26, 2020, 6:45am EDT. Macy's names Felicia Williams interim CFO in face of $1B loss. Macy's. Macy's has begin reopening stores with safety measures in place. Sign up for our free newsletter. Sign Up. Facebook · LinkedIn ...
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UPDATE 1-South Africa's rand hits 8-week high vs dollar (Adds currency update, markets). JOHANNESBURG, May 26 (Reuters) - South Africa's rand hit an eight week high against the dollar on Tuesday, as optimism on the resumption of economic activity in a number of countries boosted riskier assets, offsetting ...
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Asian equities advance, shrugging off tensions Asian stocks rose for a second day despite escalating geopolitical risks, with Japan leading gains as the world's third-largest economy reopens. Treasuries were flat in early trading after the three-day U.S. weekend, while the dollar was little changed. Shares ...
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Goldman Sachs ramps up cash management plans despite coronavirus Goldman Sachs is planning to launch its fledgling cash management operations in the UK by September and across Europe by the end of the year, as the bank presses ahead with investment in the division in spite of the coronavirus crisis. The ...
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Indian-American scientist gets Inventor of the Year award for AI related work Indian-American scientist Rajiv Joshi has received the prestigious Inventor of the Year award for his work in improving artificial intelligence capabilities and advancing the electronic industry. Joshi, who works at the IBM Thomson Watson Research Center in ...
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UK's largest solar farm expected to be approved 26 May 2020, source edie newsroom. Development consent for what would be the UK's largest solar farm is expected to be confirmed by the Government this week, which could also see the world's largest energy storage system co-located at the site in the ...
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Texas Driver's License And Motor Vehicle Centers Opening In Phases, With Limited Services NORTH TEXAS (CBSDFW.COM) – If you're one of the many people who have waited for months now to get your drivers license, you'll be able to do so starting May 26. Texas Department of Public Safety (DPS) and Texas Department of Motor Vehicles (DMV) ...
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New York Weather: CBS2's 5/26 Tuesday Afternoon Forecast Matt DeLucia. CBS2 Meteorologist/Weather Producer. (Credit: CBS2). After clouds and fog to start today, it'll turn into quite a pleasant afternoon with more sunshine. Temps will range from the low 80s inland to the 60s for the beaches. The city should climb into ...
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State OKs In-Store Shopping At Retail Stores, But County Has Final Say On When The California Department of Public Health Monday announced the statewide reopening of in-store retail shopping, a major step in California's emergence from shutdown orders issued in March to slow the spread of the coronavirus. The reopening of stores is ...
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Ex-FDA commissioner says slight uptick in coronavirus hospitalizations likely due to states reopening The former head of the FDA said data show states such as Florida, Georgia, Virginia, Alabama and others are seeing small increases in hospitalizations. Gottlieb said there are hopes the virus will slow down in the warmer summer months. All states in the U.S. ...
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