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Fed's Williams: Economy May Be Bottoming As Fed Weighs Yield-Curve Control Federal Reserve Bank of New York President John Williams said on Bloomberg's television channel Wednesday the worst of the economy's decline from the coronavirus crisis may be over, even as he warned hard days still lie ahead in a climate of ...
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Is This Stock Market Rally Putting Investors At Risk? Rarely in my career have I seen such polarizing views on the direction of stocks. One view anticipates a slow recovery due to the extremely high levels of unemployment and the uncertain future of a vaccine for Covid-19. The countering view forecasts one of ...
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Euro rallies on EU recovery fund proposals, yuan falls LONDON (Reuters) - The euro headed towards a two-month high on Wednesday after the European Commission proposed a coronavirus economic recovery package worth in total 1.85 trillion euros ($2.04 trillion). A U.S. Dollar banknote is seen in this ...
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Canada's RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal on Wednesday offered subdued outlooks after missing quarterly earnings expectations as they increased provisions more than six-fold to cover future loan losses due to the COVID-19 ...
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Babylon Health leads a $30M Series B in US health kiosk operator, Higi UK-based AI chatbot Babylon Health — which last year raised $550M at a $2BN+ valuation — has led a $30M Series B in US-based Higi, which owns and operates 10,000+ FDA-cleared health kiosks. Higi, which was founded back in 2012 per Crunchbase, ...
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UPDATE 1-Exxon shareholders soundly reject splitting CEO/chairman roles (Adds vote results). By Jennifer Hiller. May 27 (Reuters) - Exxon Mobil Corp shareholders soundly rejected climate-related proposals and splitting the chairman and chief executive's roles at the oil major's shareholder meeting on Wednesday. Climate activists ...
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'Vaccine Nationalism': A New Dynamic in the Race to Quash Coronavirus Pharmaceutical companies are bracing for export bans on future coronavirus vaccines and spreading production across different continents, on early signs of a high-stakes geopolitical scramble to secure supplies for a scientific breakthrough that could confer ...
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Instagram to test new revenue streams, including Badges and IGTV ads Instagram today is launching new tools that enable video creators to make money, including badges that viewers can purchase during Instagram Live videos and the introduction of IGTV ads. Both launches are considered a test as the company is limiting the ...
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In pandemic, using drones to drop medical supplies from sky With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a box of medical supplies. Slowed by a little parachute, the box drifts downward and lands with a ...
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Disney World sets reopening date New York (CNN Business) Disney World will reopen its gates, ending a multi-month closure of the park that left the Walt Disney Company reeling. The Disney theme park, which employs some 70,000 people, plans to begin a phased reopening on July 11 for ...
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Bad Times For Dallas-Based Retailers: Tuesday Morning Joins Pier 1, Neiman Marcus And JC Penney In Bankruptcy If you're a big national retailer, you may not want to be based in Dallas these days. With the chapter 11 filing of Tuesday Morning on Wednesday morning (if they had any sense of theatrics…or irony they would have done it a day earlier) they joined an ...
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Amtrak to cut up to 20 percent of workforce as coronavirus takes toll Amtrak is reducing up to 20 percent of its staff, the company said Tuesday, as the coronavirus crisis wreaks havoc on the passenger railroad service and substantially cuts into its revenue. The reductions will amount to 3,700 jobs. In an email to the company's ...
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Offshore wind project near Virginia Beach to use giant turbines with 108-meter blades A vast offshore wind project planned for waters off the coast of Virginia Beach looks set to use Siemens Gamesa Renewable Energy's latest wind turbines, it was announced Tuesday. The European company said that the 2.64 gigawatt (GW) Dominion Energy ...
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10 reasons why your stimulus check isn't here: Dead ends, form issues, more The IRS has been making stimulus payments since April. Has yours arrived? Angela Lang/CNET. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. If you're not among the more than 152 million Americans ...
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Why Carnival Corporation, Royal Caribbean, and Norwegian Cruise Line Stocks Jumped -- Then Slumped -- Wednesday Full speed ahead! Now reverse engines! In the first few minutes of trading Wednesday, shares of Norwegian Cruise Line Holdings (NYSE:NCLH), Carnival Corporation (NYSE:CCL), and Royal Caribbean (NYSE:RCL) rushed forward in near lockstep, rising ...
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Boeing cutting more than 12000 US jobs with thousands more planned WASHINGTON (Reuters) - Boeing Co (BA.N) said Wednesday it was eliminating more than 12,000 U.S. jobs, including involuntary layoffs of 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
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Trinity Biotech Announces Results for Q1, 2020 DUBLIN, Ireland, May 27, 2020 (GLOBE NEWSWIRE) -- Trinity Biotech plc (Nasdaq: TRIB), a leading developer and manufacturer of diagnostic products for the point-of-care and clinical laboratory markets, today announced results for the quarter ended March ...
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Goldman Sachs president says bank on track to meet growth goals NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the ...
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How to pay off credit card debt during coronavirus — 4 ways that work Credit card debt during coronavirus has spiked as more Americans search for ways to cope with reduced incomes and unemployment. Continue Reading Below. If you're finding it difficult to pay down debt as a result of the virus, keep reading. Below are a few ...
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Novavax snares $167M buyout to rapidly scale up COVID-19 vaccine manufacturing In its pursuit of a COVID-19 vaccine, Novavax bagged a major cash infusion earlier this month thanks to a nearly $400 million grant from a global epidemic response fund. Now, Novavax has put some of those funds to good use in an effort to supercharge its ...
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Potential meat plant closures could hit Brazil's BRF production levels: CEO SAO PAULO (Reuters) - Brazilian meatpacker BRF SA said on Wednesday it would find it "mathematically impossible" to keep current output levels if slaughterhouses are ordered to close due to the novel coronavirus. Chief Executive Lorival Luz said ...
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Iceland raises 500 mln euros in Eurobond issue COPENHAGEN, May 27 (Reuters) - Iceland said on Wednesday it had issued Eurobonds worth 500 million euros ($548.55 million) in an auction where bids totalled 3.4 billion euros, or nearly seven times the size of the issue. The bonds, with a six-years ...
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Carlyle-Backed ZoomInfo Looks to Raise About $800 Million in Nasdaq Listing (Reuters) - ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months. The Carlyle-backed ...
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Bank of America reveals data breach in PPP application process Bank of America Corp. (NYSE: BAC) revealed a possible data breach on business clients' information for the Paycheck Protection Program. The breach occurred on April 22, as BofA uploaded PPP applications onto the U.S. Small Business Administration's ...
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Gilead to develop immuno-oncology drugs with Arcus Shares of Gilead Sciences Inc. GILD, -0.21% were down 0.4% in premarket trading on Wednesday after the drugmaker said it inked a 10-year deal to develop and commercialize Arcus Biosciences Inc.'s RCUS, -6.26% investigational immuno-oncology ...
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Ex-NY Subway Boss Named to Head London Transit System LONDON — Former New York subway boss Andy Byford has been named London's new transit commissioner, overseeing Transport for London's vast network of Tubes, trams, trains and buses. TFL said Wednesday that Byford will start work June 29, during ...
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Walmart joins long line of retailers partnering with resale site ThredUp Beginning Wednesday, Walmart is offering some 750,000 pre-owned women's and children's clothing, accessories, footwear and handbags through a new partnership with resale site ThredUp. Apparel and footwear deemed "new" or "like new," and ...
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Tesla Cuts Prices on Three Models, Some by as Much as $5000 It wasn't too long ago that Tesla still enjoyed federal tax incentives and a healthy economy to keep sales growing, but now that both of those factors are gone, the automaker is turning to price reductions to keep interest in their electric vehicles from dipping.
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Plant-based food sales outpace growth in other categories during pandemic Plant-based food has seen a higher growth rate than general food sales during the coronavirus pandemic, according to SPINS statistics for the 16 weeks ended April 19 analyzed by the Plant Based Foods Association. Compared with last year, plant-based ...
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Alliant Energy announces plan to acquire Saratoga solar power project SARATOGA - A plan to construct a 150-megawatt solar farm is moving forward in Wood County after Alliant Energy announced plans to acquire the project. Alliant entered into an agreement to acquire the Wood County Solar Project from Savion, ...
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Ralph Lauren loses $249M as coronavirus, Hong Kong protests disrupt business Ralph Lauren Corp. lost $249 million in the three months through March as the COVID-19 pandemic and protests in Hong Kong slashed sales. Continue Reading Below. The fourth-quarter loss, excluding restructuring costs and other items, was 68 cents a ...
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Department stores reopen with precautions Luxury department store chain Nordstrom plans to reopen its two Connecticut locations on Thursday. In a statement to customers, officials with the Seattle-based retailer said they're taking numerous steps to ensure that Nordstrom shops at Westfarms mall in ...
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Coronavirus Hits Worcester Sam's Club As City Total Hits 4000 A new outbreak at a Sam's Club warehouse is next door to a Walmart that experienced a large outbreak in April. By Neal McNamara , Patch Staff. May 27, 2020 7:51 am ET | Updated May 27, 2020 7:54 am ET ...
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Ben & Jerry's debuts new space-themed ice cream flavor Ben & Jerry's is launching a new space-themed ice cream flavor. Continue Reading Below. The new flavor called Boots on the Moooo'n is inspired by the upcoming Netflix comedy "Space Force" with Steve Carrell, which follows his character Mark R. Naird ...
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Legislation would provide insurance to help cover losses from future pandemics WASHINGTON – New legislation would provide risk insurance to help businesses weather financial storms including those caused by the recent COVID-19 pandemic. The Pandemic Risk Insurance Act was touted during a virtual new conference on Monday ...
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Quest Diagnostics launches coronavirus testing for employees returning to work Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. (Reuters) - Quest Diagnostics Inc on Wednesday launched services to support large-scale testing for the new coronavirus as companies ...
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San Antonio Drive-Thru Institution Taco Cabana Will Offer Free Lunches to Kids This Summer School closures due to COVID-19 restrictions have limited access to food for kids statewide, and with summer here, many families may have an even harder time making sure their children are fed. To help combat childhood hunger, San Antonio-born Taco ...
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How Zoom Downed The Airlines COVID-19 just nipped Warren Buffett, one the world's most revered investors. Buffet's Berkshire Hathaway BRK.B posted a record $49.7 billion first quarter loss on Saturday as the conglomerate collapsed all its investments in airlines. But investors should look ...
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How bug bounty programmes can help India improve security of e-governance apps NEW DELHI: After the controversy around contact tracing app, Aarogya Setu, the India government has decided to open source its source codes for scrutiny and has invited security researchers, under a bug bounty programme, to test its security robustness ...
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Corn, soybean planting in SD ahead of 5 year average; Wheat maturity mixed For the week ending May 24, 2020, there were 5.1 days suitable for fieldwork, according to the USDA's National Agricultural Statistics Service. Topsoil moisture supplies rated 0 percent very short, 2 short, 78 adequate, and 20 surplus. Subsoil moisture ...
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Photronics: Fiscal 2Q Earnings Snapshot BROOKFIELD, Conn. (AP) _ Photronics Inc. (PLAB) on Wednesday reported fiscal second-quarter earnings of $6.3 million. On a per-share basis, the Brookfield, Connecticut-based company said it had profit of 10 cents. The results did not meet Wall Street ...
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Quibi seeks cost cuts as major ad sponsors pull back: report Quibi was targeting about 7 million paid subscribers in the first year and wanted to hit 16 million by year three, according to the report. (Quibi). Share Facebook Twitter LinkedIn Email Print. Quibi is reportedly looking to cut costs as its major advertising partners ...
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Huawei CSO: Secure Networks Do Not Trust Anyone Some U.S. lawmakers are concerned that a Chinese enterprise has become a major supplier of the world's 5G wireless networks. Despite Washington's year-long campaign branding Huawei a national security threat, the company has shipped more than ...
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Satterfield's Upper Deck Restaurant in New Roads permanently closes its doors NEW ROADS - Satterfield's Upper Deck Restaurant announced that the restaurant will be permanently closing its doors after shutting down due to the current health crisis. The owners made the announcement via Facebook, Tuesday, saying, "We will be ...
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Some TJ Maxx and HomeGoods Stores Have Reopened in the Corridor Two weeks ago, Iowa Governor Kim Reynolds announced that retail stores would be allowed to reopen across the state on May 15th. With only a couple days' notice, many businesses did not open up right away. That includes many HomeGoods and TJ Maxx ...
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FDA Approves Opdivo-Yervoy Plus Chemo as Frontline Therapy for NSCLC The Food and Drug Administration (FDA) approved the combination of Opdivo (nivolumab) and Yervoy (ipilimumab) with two cycles of platinum-doublet chemotherapy for treatment of patients with metastatic or recurrent non-small cell lung cancer (NSCLC) ...
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Investors' wealth surges by Rs 2 lakh cr as Sensex surges 996 points on firm global cues New Delhi: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or 3.25 percent higher at 31,605.22. During the day, it gained 1,051.3 points to 31,660.60.
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Houston Institution Barry's Pizza Shutters After 37 Years After 37 years of slinging pies, Houston dining institution Barry's Pizza has officially closed its doors for good. The restaurant announced its departure in a Facebook post on Monday, attributing the shutter to the COVID-19 pandemic. "We had a great 37-year ...
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Quebec government to help bail out Cirque du Soleil By Marc Montgomery | english@rcinet.ca. Posted: Wednesday, May 27, 2020 10:58. Facebook Twitter Email Print. The now world-famous but financially stressed Cirque du Soleil will get an injection of some US$200 million in public funds. Forced to shut ...
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Facebook Ignored Internal Research Showing It Encourages Polarization And Extreme Views Facebook Inc. (NASDAQ: FB) was aware the platform gave rise to extremist and polarizing content but chose to ignore it. What Happened. Facebook knew its algorithms were driving a wedge between users in 2018. "Our algorithms exploit the human brain's ...
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