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Mnuchin and Powell to Offer Mixed Views of Economic Recovery WASHINGTON — Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome H. Powell will present a mixed picture of the U.S. economy in testimony before Congress on Tuesday afternoon as lawmakers prepare for negotiations over another ...
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About Yesterday: Yes, We Were Joking. You've probably figured it out by now, but we'll make it clear: None of the logos we revealed yesterday was actually our new logo here at The Motley Fool. (More on that later). They were, however, homages to some of the world's most successful and visually ...
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Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit Jan Hatzius, Goldman's chief economist, said his team investigated the link between face masks and Covid-19 health and economic outcomes. Goldman says a national mask mandate could raise the percentage of people who wear masks by 15 percentage ...
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COLUMN-Lead market gets a jump-start as lockdowns lift: Andy Home (The opinions expressed here are those of the author, a columnist for Reuters.) * Exchange stocks of lead: tmsnrt.rs/38cJEwA. By Andy Home. LONDON, June 30 (Reuters) - The easing of COVID-19 restrictions around the world is generating a short-term ...
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UPDATE 1-ConocoPhillips to bring back some curtailed production (Adds curtailment details, production forecast, background). June 30 (Reuters) - ConocoPhillips said on Tuesday it would bring back some of the curtailed production in July, joining a growing list of oil producers turning on the taps months after a plunge in ...
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Shell takes $22 billion hit on lower oil, gas prices LONDON — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global ...
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Netflix Moves $100 Million in Deposits to Bolster Black Banks Netflix said on Tuesday that it will move up to $100 million, or 2 percent of its cash holdings, to financial institutions that focus on Black communities. It is intended to address a longstanding problem that these communities face: a lack of capital for the banks ...
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US consumer confidence for June jumps more than expected The Conference Board's consumer confidence index rose to 98.1 for the month. Economists polled by Dow Jones expected consumer confidence to rise to 91 from a May reading of 85.9. "The re-opening of the economy and relative improvement in ...
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India's top gas importer close to long-term deal around spot prices NEW DELHI (Reuters) - India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum (mtpa) of liquefied natural gas with prices near the spot markets, its chief executive Prabhat Singh said on Tuesday.
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Chobani, Pfizer and SAP join running list of companies pulling Facebook ads Advertisers continued to join the "StopHateforProfit" campaign this week by vowing to stop spending money on Facebook ads in July to pressure the company to better prevent the spread of hate speech and misinformation. The boycott comes after a group of ...
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TikTok goes down in India, its biggest overseas market A growing number of internet service providers in India have started to block their subscribers from accessing TikTok a day after New Delhi banned the popular short-video app and 58 other services in the world's second largest internet market over security ...
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Why Retirement Is A Bad Idea, Financially And Psychologically As a financial planner who spends his life helping individuals plan for retirement, advising you to not retire may seem counterproductive. But it's what I'm about to do. Why? Retirement—in a traditional sense—is unhealthy. I think retirement should be avoided ...
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Chase Sapphire cards now earn bonus rewards on Instacart, gas and streaming services for a limited time Chase announced some limited-time changes to its travel-focused Sapphire cards, offering cardholders enhanced rewards rates on spending with Instacart, at gas stations and on select streaming services, starting July 1 through Sept. 30, 2020.
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Amazon Web Services launches a dedicated aerospace and satellite business Amazon Web Services (AWS) is upping its space industry game with a dedicated business unit called Aerospace and Satellite Solutions (as first reported by the WSJ) that's focused on space projects, including from customers like NASA, the U.S. military, and ...
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Centene To Acquire Illinois HMO's 54000 Medicaid Enrollees Centene said Tuesday it will acquire the membership of NextLevel Health Partners, which serves about 54,000 Medicaid members in Chicago's Cook County. The deal is important to Centene, which continues to gain share in key U.S. markets across the ...
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AstraZeneca reaches supply deal with Brazilian government to produce millions of doses of COVID-19 shot As COVID-19 continues to rampage across the globe, Brazil stands alongside the U.S. as the countries hardest hit with new infections and deaths. But AstraZeneca and its vaccine hopeful could be coming to save the day now that the drugmaker and Brazilian ...
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BHP-backed SolGold makes second attempt on Canada's Cornerstone (Reuters) - BHP-backed SolGold Plc (SOLG.L), the copper-gold company focused on Ecuador, is making a second attempt to take over Canada's Cornerstone Capital Resources (CGP.V), more than a year after its previous approach was rebuffed.
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Guide to American Express Platinum Concierge The Platinum Card® from American Express is easily one of the most popular travel credit cards on the market today, and it's easy to see why when you consider the superior travel perks cardholders receive. Once you are approved for this American Express ...
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Fivetran snares $100M Series C on $1.2B valuation for data connectivity solution A big problem for companies these days is finding ways to connect to various data sources to their data repositories, and Fivetran is a startup with a solution to solve that very problem. No surprise then that even during a pandemic, the company announced ...
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Tesla Stock Tops $1000 on Leaked Email. It Could Join the S&P 500 Soon. A leaked email is fueling a mini-rally in shares of electric vehicle pioneer Tesla Monday, pushing shares of the EV pioneer back above $1,000. Electrek reported that Tesla (ticker: TSLA) CEO Elon Musk wrote to employees: "Breaking even is looking super ...
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Inovio's Covid-19 Vaccine Shows Promise. Here's Why Its Stock Is Down Anyway. This pandemic is turning everyday stock pickers into savvy biotech investors. A few weeks ago, shares of Moderna (ticker: MRNA) climbed 20% after the company issued a news release touting positive early results from a Phase 1 trial of its Covid-19 vaccine, ...
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Walmart to Stop Selling 'All Lives Matter' Items on Website Walmart WMT said it would stop selling "All Lives Matter" merchandise on its website on concern that the phrase has been used to "minimize the focus on the painful reality of racial inequity." The Bentonville, Ark., company said it was "indefinitely" removing ...
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Saudi prince phones Nigeria to bring them in line with OPEC+ cuts LONDON (Bloomberg) - Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolstering global crude markets. Saudi Crown Prince Mohammed bin Salman and ...
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Wirecard's Shares Are Still in Demand Despite Insolvency Filing Wirecard AG, one of Europe's largest fintech firms as recently as two weeks ago, collapsed in an accounting scandal that has pushed the company to file for insolvency. So why is it the best-performing stock in Germany's benchmark DAX Index this week?
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Coming soon to a 3D printer near you: Plant-based steaks TEL AVIV/ZURICH (Reuters) - Israeli start-up Redefine Meat plans to launch 3D printers to produce plant-based steaks mimicking real beef next year in a bid for a slice of the fast-growing alternative meat market. Meat substitutes are increasingly popular with ...
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Wall Street drifts as best quarter in decades comes to close Wall Street is drifting up and down in early trading Tuesday, a quiet coda for a rocking quarter that sent the U.S. stock market nearly all the way back to its record heights. The S&P 500 was up 0.2% after reversing an earlier loss of 0.2%, leaving its gain since ...
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Amazon passes 1000 hires for its Arlington headquarters Amazon will announce Tuesday that it has hired more than 1,000 employees in the past year for its Arlington-based headquarters, putting it on schedule to create 25,000 new jobs in the next decade. The Seattle-based company, which opened its first office in ...
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Chesapeake Energy gets bankruptcy court approval for $925 million DIP loan Chesapeake Energy Corp. CHK, -7.27% said Tuesday a bankruptcy court has approved its $925 million debtor-in-possession financing, a special loan used in bankruptcy proceedings that the company secured from lenders under its revolving credit facility.
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United Airlines to resume flights between US, China in July Airline to resume twice-weekly flights between San Francisco International Airport and Shanghai's Pudong International Airport. Facebook; Twitter; Comments; Print; Email. By Alexandra DeablerFOXBusiness. close. Travel and lifestyle journalist Francesca ...
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Tesla CEO Elon Musk urges workers to push as company looks to break even in Q2 Elon Musk wants more Teslas rolling out of the California assembly plant pronto. Tesla. As is the norm toward the end of each financial quarter, Tesla CEO Elon Musk called on workers to push more cars off the assembly line and deliver them to owners as ...
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Aon ends COVID-19 salary cut, pledges to repay staff Aon PLC on Tuesday said it would end the 20% salary cut it imposed on most of its staff in late April after the early lockdowns of the coronavirus pandemic began. In a filing with the Securities and Exchange Commission, Aon said it will end the cut, which ...
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Citroen to start selling latest C4 model in fourth quarter PARIS (Reuters) - Citroen's latest C4 model will go on sale in the fourth quarter of this year, with the French carmaker aiming to expand in the compact car market, the head of PSA-owned (PEUP.PA) Citroen told Reuters on Tuesday. Vincent Cobee also said ...
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Cerberus Wants Well Over 7000 Commerzbank Job Cuts: Source FRANKFURT — Cerberus wants Commerzbank to cut far more than a reported 7,000 jobs as part of plans by Germany's second biggest bank to reduce costs, a person familiar with the matter said. The U.S. activist investor, one of Commerzbank's largest ...
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French banks reportedly lobbying to convince ECB to permit dividend payments in Q4 French lenders - led by BNP - are reported to be lobbying to resume dividend payments in order to bolster share prices that have slumped heavily amid the coronavirus crisis. The sources say that they are trying to convince the ECB to permit payouts in Q4, ...
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Alteri puts UK furniture group Harveys in administration Distressed retail specialist Alteri has put UK furniture groups Harveys and Bensons for Beds into administration little more than six months after acquiring them from troubled South African conglomerate Steinhoff. PwC was appointed ...
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FDA Recall: Fresh Express iceberg lettuce, red cabbage and carrots Fresh Express issued a voluntary recall of branded and private label salad products produced at its Streamwood, IL facility that contains iceberg lettuce, red cabbage and/or carrot ingredients due to possible health risks from Cyclospora. According to the ...
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Lululemon Acquisition Offers Seat at Home Fitness Table Lululemon Athletica shares rose the most in more than two months on Tuesday after the yoga-wear maker agreed to buy Mirror, a producer of in-home fitness equipment, for $500 million. This is Lulu's first acquisition. The Mirror platform has a "massive TAM ...
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Facebook says it will build an $800 million data center in DeKalb Facebook Inc. said it plans to build an $800 million, 907,000-square-foot data center in DeKalb, Illinois. It will be the social media company's (Nasdaq: FB) 12th data center in the U.S., and will be built on on 505 acres on Route 23 and Gurler Road.
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AAA Reports Gas Demand Sees Significant One-Week Increase - California at $3.07 Rises Three Cents Week-Over ... June 30, 2020 - On the week, gasoline demand, as estimated by the Energy Information Administration (EIA), increased 10% from 7.8 million bbl to 8.6 million bbl. While the demand rate is much lower than a typical summer reading, it's the highest recorded ...
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Bank of America to buy solar power from NRG Energy Bank of America, the North Carolina bank with branches in Texas, announced it is buying solar power from NRG Energy in a 10-year deal. The power will be generated by a yet-to-be-identified solar farm in west central Texas that is expected to come online in ...
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Govt's MSME credit scheme sees over 1000% spike in disbursement to this many Covid-hit small businesses Credit and Finance for MSMEs: The top lenders to MSMEs under the scheme were SBI with over Rs 12,000 crore disbursed followed by Canara Bank with more than Rs 3,400 crore, Bank of Baroda with Rs 2,695 crore disbursed, Rs 2,391 crore by Union ...
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The unexpected turn of events in Greece reveals the problem with relying on air bridges The announcement by the Greek government yesterday that it is extending a ban on direct flights arriving from Britain until July 15, has thrown hundreds of summer holiday plans into confusion. It had been widely reported that Greece would be one of those ...
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JSPML accepts offer to divest entire stake in its Oman asset Kolkata: JSPL subsidiary, Jindal Steel & Power (Mauritius)Ltd. (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC(JSIS Oman). The enterprise value of the ...
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Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5 pc this fiscal Fitch Ratings on Tuesday cut India's growth forecast for 2021-22 fiscal to 8 per cent from 9.5 per cent projected last month. It, however, retained its projection of Indian economy contracting by 5 per cent in the current fiscal. Indian economic growth stood at an ...
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China's Factory Activity Quickens, but Pandemic Drags on Exporters and Recovery BEIJING — China's factory activity expanded at a stronger pace in June after the government lifted lockdowns and stepped up investment, but persistent weakness in export orders suggests the coronavirus crisis will remain a drag on the economy for some ...
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Refraction AI Officially Launches Robot Grocery Delivery in Ann Arbor, MI Refraction AI, which makes the three-wheeled autonomous REV-1 delivery vehicle, announced today that it is expanding beyond restaurant meals and into grocery delivery. The company's robots are delivering around a three-mile radius in Ann Arbor, MI, and ...
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Four European countries have only Chinese gear in 4G networks, researcher says TALLINN — Four European countries, including Belgium, use only Chinese gear in their 4G mobile networks and in many large countries more than 50% of equipment comes from China, Danish telecoms research firm Strand Consult said on Tuesday.
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CANADA FX DEBT-C$ pares monthly gain as data shows record economic contraction ... * Canadian dollar dips 0.2% against the greenback * Loonie is on track to gain 0.7% in June * Price of U.S. oil falls 1.8% * Bond prices trade mixed across the curve TORONTO, June 30 (Reuters) - The Canadian dollar weakened against its U.S. counterpart ...
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