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Oil falls as US stimulus package faces tough talks NEW YORK (Reuters) - Oil prices fell on Tuesday as U.S. lawmakers prepared to wrangle over an economic stimulus package and investors worried about a rise in coronavirus cases worldwide. FILE PHOTO: 3D printed oil barrels and percentage symbols are ...
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Omnicom Group Inc (OMC) Q2 2020 Earnings Call Transcript Omnicom Group Inc (NYSE:OMC) Q2 2020 Earnings Call Jul 28, 2020, 8:30 a.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. [Technical Issues] and welcome to the Omnicom's Second Quarter ...
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Will Blockchain Benefit As Heads Of Google, Facebook, Amazon, And Apple Testify At Antitrust Hearing? The CEOs of Big Tech firms Amazon, Apple, Facebook, and Google will testify together - at least virtually - in the sixth of a series of hearings in Congress being held by the House Committee on the Judiciary. The series of hearings have been called, 'Online ...
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Uber and Lyft Drivers Win Ruling on Unemployment Benefits Drivers for Uber and Lyft won a key victory on Tuesday in their continuing effort to be treated like other workers when a federal judge in New York ruled that the state must promptly begin paying them unemployment benefits. Many drivers have waged a long ...
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Fed puts $18 trillion US government bond market under lockdown Even for a market known to fall asleep over the summer, trading in Treasurys has gone quiet as the Federal Reserve asserts its intent to keep interest rates at zero for a long time. The potential for interest rates to move anytime soon looks increasingly ...
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Florida man spent PPP funds on hotels, jewelry and $318497 Lamborghini, authorities say (CNN) A Florida man has been charged with bank fraud for allegedly lying on PPP loan applications and spending the money on luxury items such as a Lamborghini Huracán EVO, federal authorities say. Funds from the $521 billion Paycheck Protection ...
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MacKenzie Scott donates $1.7bn since Amazon boss divorce MacKenzie Scott, Amazon boss Jeff Bezos's ex-wife, says that she has given $1.7bn (£1.3bn) to charity to date. She has made donations to historically black US colleges, climate change groups and health organisations. Ms Scott posted about the gifts on ...
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AIG investment advisory unit to pay $40 million to resolve SEC charges WASHINGTON (Reuters) - An investment advisory unit of American International Group has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that generated millions of dollars for the firm, the ...
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Chick-fil-A locations offer free food for coins amid national change shortage Two Chick-fil-A locations have offered free food in return for $10 in change to combat coin shortages. The special offer requires bringing in $10 in any combination of rolled coins for $10 in bills and a card for free food, including a sandwich. Both locations ...
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Duke Energy rate cases delayed after 'significant' deal with Public Staff of the NC Utilities Commission Duke Energy Corp. and North Carolina's utility customer advocate have reached an agreement on a partial settlement in the rate cases for both Duke's N.C. utilities that's large enough to call for a three-week delay in the case. The utilities and The Public Staff ...
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Budweiser's new beer is missing a key ingredient: Alcohol New York (CNN Business) Budweiser is launching its first-ever alcohol-free, 50-calorie beer. Anheuser-Busch InBev is using the recognizable Budweiser brand to launch Budweiser Zero, an alcohol-free lager that tastes similar to the best-selling alcoholic ...
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Private investment firm Redbird Capital announces plans to take a new sports company public Private investment firm Redbird Capital announced Tuesday it will take a new SPAC focused on sports public on the New York Stock Exchange. The company, RedBall Acquisition, said it will focus on acquiring sports, media and data analytics companies.
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Tesla's China Exposure Is Outright Scary In one word, what's the biggest risk for Tesla right now? China. Allowed another word? Trump. Tesla's (NASDAQ: TSLA) stock is up over 3x this year as investors expect that the Covid-19 related disruption of the auto market will help Tesla pull ahead of ...
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The Cyberattack on Garmin Poses a Complicated Question for the US Government People first started noticing something was wrong with Garmin midway through last week when they weren't able to use the company's GPS-enabled devices to upload workout data. Then reports started rolling in that several of Garmin's other GPS devices ...
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What are the best hospitals in the Charlotte region? Here are the latest rankings The latest hospital rankings are out, and the Charlotte area's top medical center got national attention. Carolinas Medical Center was named the best facility in the region on a U.S. News & World Report list published Tuesday. Carolinas Healthcare System ...
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Starbucks says it lost $3.1 billion in sales due to COVID-19, pivots to more curbside pickups Shares of Starbucks Corp. SBUX, -2.38% rose 2% in the extended session Tuesday after the retailer reported sales that missed Wall Street views and a wider-than-expected adjusted loss for the second quarter. The company estimated it missed out on more ...
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BMW will make an all-electric 5 Series, 7 Series, and X1 BMW is developing an all-electric version of its 5 Series and 7 Series sedans as well as its entry-level X1 SUV, the company announced Monday as it detailed a renewed effort to reduce its overall emissions. That means almost all of the German luxury ...
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Target joins Walmart in ending Thanksgiving store shopping NEW YORK — Target is joining Walmart in closing its stores on Thanksgiving Day, ending a decade-long tradition of jump-starting Black Friday door buster sales. The move, announced Monday, comes as stores are rethinking this year's Black Friday ...
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Help! My ship is supposedly still sailing, and I don't want to be on board Dear Tripped Up,. I'm booked on a Cunard Line trans-Atlantic cruise in May 2021. The reservation was made using credit from an April sailing that was canceled due to COVID-19. Because I canceled my reservation a week before Cunard itself canceled the ...
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EBay shares drop 5% on Q2 earnings, revenue EBay Inc. EBAY, -1.53% shares were initially up 2% in after-hours trading Tuesday before dropping to -5% after the e-commerce company reported fiscal second-quarter results roughly in line with Wall Street estimates and raised its Q3 revenue guidance.
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CES cancels Las Vegas event, goes online-only CES 2020 got in just under the wire, ahead of COVID-19 reaching true international pandemic levels. And until today, the show's governing body, the CTA, was planning to keep its record unbroken. Today, however, CEO Gary Shapiro announced via video ...
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This popular gym chain will require guests to wear masks while working out Planet Fitness is one of the first major gym franchises to announce a mask rule, which will require thousands of members to wear masks while working out beginning Aug. 1. The gym chain, which has locations in 46 states and more than 20 gyms in Georgia, ...
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Why Polaris Stock Popped 10% This Morning Shares of ATV- and motorcycle-maker Polaris (NYSE:PII) jumped 10% out of the gate this morning and are holding on to most of those gains as we pass noonday. In 1:35 p.m. EDT trading, Polaris shares are still up a healthy 7.7% in response to a significantly ...
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Data discovery startup Explorium raises $31M in Series B funding Israeli data science outfit Explorium Ltd. said today it has closed on a $31 million funding round led by Zeev Ventures and 01 Advisors. Sir Ronald Cohen's Dynamic Loop also participated in the Series B round along with seed investors Emerge and F2 ...
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André Balazs plans to convert hotels into private clubs The coronavirus may have made travelers wary of staying in a hotel with strangers, but hotelier André Balazs is betting that private clubs with familiar clientele will be able to overcome some of these concerns. Balazs is planning to convert Los Angeles' historic ...
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FDA Authorizes First COVID-19 Test for People Without Symptoms The change comes as new research finds similar levels of the virus in people who test people with and without symptoms. Published 3 mins ago • Updated 3 mins ago. A medical personnel member takes samples on a woman at a "drive-thru" CHANDAN ...
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Here's Why This Big Oil Stock Could Become the World's Leading Offshore Wind Energy Operator Equinor's industry-leading portfolio of wind energy projects gives it an advantage that few companies can replicate. Daniel Foelber. (TMFpalomino2). Jul 28, 2020 at 10:32AM. Author Bio. Daniel began his Foolish journey posting on The Motley Fool ...
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Ford to tell 'untold story' of the Bronco's return in new podcast The first 30 years of the Ford Bronco's history intersected with major events in American history, from the Vietnam War to the civil rights movement to one of the most famous police chases of all time. Now, as the Blue Oval prepares to bring back one of its most ...
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Goldman Sachs upgrades Shopify to buy, admits to missing 140% rally this year In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images. (This story is for CNBC Pro subscribers only.) Goldman Sachs issued a mea culpa on Shopify Tuesday, ...
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Facebook seeks to reel in TikTok creators, raising stakes in social-media rivalry Facebook Inc.'s Instagram has offered financial incentives to TikTok users with millions of followers to persuade them to use a new competing service, an escalation in a high-stakes showdown between the two social-media giants. Continue Reading Below ...
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Comscore to Announce Second Quarter 2020 Financial Results RESTON, Va., July 28, 2020 /PRNewswire/ -- Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today announced it plans to hold a conference call on Monday, August 10th at 5:00 p.m. ET to ...
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Q2 Homeownership Hits 12-Year High The U.S. homeownership rate moved significantly higher in the second quarter of 2020, reaching the highest level since the third quarter of 2008 at a rate of 67.9 percent. The U.S. Census Bureau reported the rate in the first quarter of the year was 65.3 ...
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Tesla's Elon Musk is only weeks away from his next multibillion-dollar payout Tesla Inc.'s surging stock price has already let Chief Executive Officer Elon Musk collect two tranches of his moonshot compensation award, valued at a collective US$3.94 billion. Now he's at most a couple of months away from securing the third, according to ...
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Homebuilder DR Horton hits sales record amid coronavirus pandemic D.R. Horton profit spiked 33 percent in the three months through June as homebuilding boomed during the coronavirus pandemic. Continue Reading Below. The Arlington, Texas-based homebuilder booked a fiscal third-quarter profit of $630.7 million, ...
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What's the size of the hemp-derived CBD prize? Brightfield Group releases new report The US hemp-derived CBD market (spanning everything from drinks and supplements to pharmaceuticals and petfood) is projected to rise 14% to $4.7bn in 2020, predicts a new report from Brightfield Group, which notes that many formulators are now ...
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FTSE makes gains as housing stocks bounce after Help to Buy reports The FTSE 100 held on to its gains from early trading to close higher, as buoyant housing stocks helped to offset pandemic-related concerns. Housing firms saw their shares strengthen following reports that the Government is to extend the timeframe of the Help ...
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USA Truck's management team upbeat on earnings recovery Management from truckload (TL) carrier USA Truck (NASDAQ: USAK) didn't back down Tuesday from the assertion that recent investments in a regionalized freight model as well as technology could produce significantly higher earnings. Management said ...
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GRAINS-Corn to 1-month low, soy futures dip on US crop prospects (Recasts; updates prices, adds quotes, changes byline, changes dateline from previous SYDNEY/PARIS). By Julie Ingwersen. CHICAGO, July 28 (Reuters) - U.S. corn futures hit a one-month low and soybean futures also tumbled on Tuesday as improving ...
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Centene: 2Q Earnings Snapshot ST LOUIS (AP) _ Centene Corp. (CNC) on Tuesday reported second-quarter profit of $1.21 billion. The St. Louis-based company said it had profit of $2.05 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were ...
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Brazil's Oi confirms new bid for mobile assets by TIM, Telefonica, Claro SAO PAULO (Reuters) - Brazilian telecommunications firm Oi SA (OIBR4.SA) confirmed on Tuesday in a securities filing that it received a new 16.5 billion reais ($3.2 billion) bid for its mobile assets from Telecoms Tim Participacoes (TIMP3.SA), Telefonica ...
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Waddell & Reed: 2Q Earnings Snapshot OVERLAND PARK, Kan. (AP) _ Waddell & Reed Financial Inc. (WDR) on Tuesday reported second-quarter net income of $24.8 million. The Overland Park, Kansas-based company said it had net income of 38 cents per share. The results surpassed Wall ...
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Mysterious Bitcoin whale moves 15022 BTCs worth $162 million BTC whales have been moving large stacks of Bitcoins lately, triggered by the recent bullish momentum in the BTC market. According to data obtained from BTCBlockbot, a crypto analytic tracker, an unknown whale moved 15,022 BTC in block 641,074, ...
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Government Cyber Security Market in US with Impact of COVID-19 highlights, (2020-2024) | Firewall as a Disruptive ... LONDON--(BUSINESS WIRE)--The government cyber security market in US is expected to grow by USD 11.50 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the ...
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