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Jerome Powell's Price-Fix Is In Every dog of a bad policy idea has its day, but bad monetary-policy ideas seem to get more than one. The latest idea whose time has come and gone and come again is yield-curve control, which is shaping up to be one of the Federal Reserve's next party ...
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'This is the most overwhelming week of earnings season,' Jim Cramer says "You need to understand that this week is about one thing and one thing only: It's about earnings. First time it's been like that in a while," CNBC's Jim Cramer said. "This is the most overwhelming week of earnings season, when a ridiculous number of ...
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On Amazon, Dubious 'Antiviral' Supplements Proliferate Amid Pandemic The federal government has repeatedly warned Americans about scammers trying to sell dietary supplements as a remedy for COVID-19 when medical experts say supplements are neither safe nor effective for treating the disease.
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Top mobile apps see declines in consumer engagement amid increased competition Mobile consumers are downloading and using more apps than ever before. According to recent data from App Annie, mobile users now have 93 apps on their phone as of the end of 2019, up from 85 apps at the end of 2015. They also now use around 41 ...
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Pfizer, BioNTech Start Late-Stage Study of Lead Covid Shot Pfizer Inc. and BioNTech SE said they've begun a later-stage trial for their top coronavirus vaccine candidate and set a goal of submitting it for regulatory review as soon as October -- one of the most ambitious timelines to date. The move pushes the New ...
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The world's most powerful tech CEOs are about to be grilled by Congress. Here's what to expect When Bill Gates went before Congress 22 years ago to respond to claims that Microsoft was unfairly muscling out its competition, he offered what's since become a familiar Silicon Valley refrain. Microsoft and its peers, Gates argued, have produced dazzling ...
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Intel Chief Engineer Departs After Product Delay Intel Corp. INTC -2.02% said its chief engineering officer was leaving the company days after the semiconductor maker surprised investors by disclosing delays on its newest processor design. The executive, Venkata "Murthy" Renduchintala, had played a ...
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7 Gold ETFs With Low Costs These seven gold ETFs all share low fees - but give investors different ways to play the metal, from direct exposure to stock-related angles. by: Kyle Woodley. July 27, 2020. Getty Images. Advertisement. Investors in gold and gold exchange-traded funds ...
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Amazon's warehouse safety spurs investigation by California attorney general Amazon.com Inc.'s policies on safeguarding workers during the pandemic are being examined by California Atty. Gen. Xavier Becerra, according to a court filing. The investigation was revealed Monday in the case of an employee who's a picker in an Amazon ...
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Coronavirus: Lockdown wipes £30bn from UK pubs and restaurants Sales at pubs, restaurants and hotels across the UK plunged by £30bn during lockdown, according to the hospitality sector. UK Hospitality said that revenues plummeted by 87% between April and June, compared to the same period last year. Boss Kate ...
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Gold Investing: What's Next After New Highs? If you're hesitant about gold investing simply because prices have run up so much already, here are a few points to consider. by: Charles Lewis Sizemore, CFA. July 27, 2020. Gold prices recently hit new all-time highs, pushing through the previous highs set ...
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Singapore's GIC flags lower returns from weak growth, cautious on markets SINGAPORE (Reuters) - The long-term returns of Singapore sovereign wealth fund GIC have dropped within a whisker of a record low struck during the financial crisis, and its chief executive cautioned on Tuesday that the coronavirus pandemic would weigh ...
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F5 Networks Profits Top Street Estimates, But Stock Falls. Here's Why. F5 Networks shares are trading modestly lower after hours Monday despite reporting better-than-expected earnings for the company's fiscal third quarter, ended June 30. For the quarter, the application delivery network company posted revenue of $583 ...
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Long before hack, Twitter's leaders knew of porous security Twitter has struggled for years to police the growing number of employees and contractors who have the ability to reset users' accounts and override their security settings, a problem that CEO Jack Dorsey and the board were warned about multiple times ...
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BMW 5-Series, X1 Electric Models Are on Their Way As part of BMW's goal-setting for reducing future carbon emissions both in vehicles and factories, the company has announced it will offer two more electric vehicles in the coming years, the X1 and 5-series, as it pushes to have 25 electrified models on the ...
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Wells Fargo Files With SEC to Provide Exchange-Traded Funds Wells Fargo & Co. is planning to join the $4.5 trillion exchange-traded fund industry, one of the last major asset managers to enter the fray. The fourth-biggest U.S. bank by assets is seeking to register the Wells Fargo Exchange-Traded Funds Trust with the ...
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Durable Goods Orders Climbed 7.3% in June, Driven by Demand for Cars and Parts Surging demand for autos and auto parts pushed orders for durable goods higher in June as production continued to pick up from shutdowns, but business investment has a long way to go before normalizing. New orders for manufactured durable goods, ...
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Watch: 'Karen' Rant At South Bay Post Office Captured On Video A white woman is shown using racial slurs as she berates an Asian American postal worker in Los Altos. The incident occurred Thursday. By Gideon Rubin, Patch Staff Patch Staff Badge. Jul 27, 2020 10:33 am PT | Updated Jul 27, 2020 11:33 am PT ...
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Kinder Morgan seeks to pay nearly $1 billion of debt early Houston pipeline operator Kinder Morgan is using a behind-the-scenes financial move to pay off nearly $1 billion of debt early. Kinder Morgan is seeking to issue a type of debt known as senior notes to pay off $949 million of higher-interest senior notes with 5 ...
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Less Than 18 Months After Opening, Neiman Marcus Store Closes at Hudson Yards The glitzy Hudson Yards development on Manhattan's West Side is losing its crown jewel. What You Need To Know. Neiman Marcus will close its Hudson Yards after opening it last year; Developer Related Companies plans to redevelop the site as office ...
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Feds seize fake Gucci, Chanel products, erectile dysfunction pills at LA airport Federal agents seized thousands of fake Gucci, Chanel and other high-fashion products at Los Angeles International Airport last month, along with thousands of erectile dysfunction pills, customs officials said. U.S. Customs and Border Protection officers at the ...
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3 St. Louis bars ordered to temporarily close after city says they violated public health orders ST. LOUIS — Several St. Louis area businesses have been served with orders to temporarily shut down amid the coronavirus pandemic. Just before 5:45 p.m., sheriff Vernon Betts told 5 On Your Side's Brandon Merano that Wheelhouse and Start Bar in ...
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The US Has Pledged $5 Billion To Pharma Giants for a COVID-19 Vaccine. Who Will Win? In mid-May, the Trump administration formed a coronavirus task force dubbed Operation Warp Speed with the goal to fast-track the development of COVID-19 vaccine and treatment and make sure that Americans are the first to receive them once they are ...
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UK workers have less leisure time than 40 years ago, says study Most people in the UK are spending less time on leisure than they did 40 years ago, even though average paid working hours have fallen, a new report shows. The research by the Resolution Foundation, a think-tank, calls into question the ...
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MIOSHA launches program to protect employees, customers from the spread of COVID-19 The Michigan Occupational Safety and Health Administration (MIOSHA) launched a State Emphasis Program (SEP) focused on retail, restaurant, bar, and service industry businesses that address the need for increased partnership, education, and ...
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NXP: 2Q Earnings Snapshot EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported a second-quarter loss of $214 million, after reporting a profit in the same period a year earlier. The Eindhoven, Netherlands-based company said it had a loss of 77 cents ...
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Red Cross encourages donations to keep blood supply as pandemic continues Right now, the American Red Cross has an emergency shortage of convalescent plasma, a potentially lifesaving treatment for patients with COVID-19. The Red Cross has seen demand for convalescent plasma more than double over the last month as the ...
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Comfort Systems: 2Q Earnings Snapshot HOUSTON (AP) — Comfort Systems USA Inc. (FIX) on Monday reported second-quarter net income of $39.5 million. The Houston-based company said it had net income of $1.08 per share. The heating, ventilation and air conditioning company posted ...
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US agricultural futures close mixed CHICAGO, July 27 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Monday, with corn and wheat falling and soybean rising slightly. The most active corn contract for December delivery fell 0.5 cents, or 0.15 percent, to close at ...
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Why Virgin Galactic Stock Popped 5% This Morning Shares of space tourism company Virgin Galactic (NYSE:SPCE) popped more than 5% in early trading to open the week Monday morning, but those gains are already rolling back. As of 10:40 a.m. EDT, Virgin stock is down to about a 2.5% gain -- and falling.
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Tencent makes a bid to buy out Sogou search engine Chinese tech giant Tencent proposed buying out Chinese search engine Sogou, said its parent company Sohu on Monday, a move that would mean the subsidiary would delist in New York. Why it matters: In considering the proposal, Sogou joins Chinese ...
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Social Security imposter calls flood region The Better Business Bureau of Southern Piedmont and Western North Carolina is warning consumers about a series of scam phone calls that have been flooding the western North Carolina region. The scammers say they are with the Department of Social ...
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