(Adds dealer quotes and details throughout; updates prices) * Canadian dollar rises 0.2% against the greenback * Loonie trades in a range of 1.3333 to 1.3387 * Price of U.S. oil increases 0.6% * Canadian bond yields move higher across the curve By Fergal ...
New York (CNN Business) The enormous rally in Kodak (KODK) shares has no end in sight, after the Trump administration announced the company will be transformed into a pharmaceutical producer under the Defense Production Act. On Tuesday, President ...
The Federal Open Market Committee concluded its two-day meeting Wednesday and held interest rates steady, as expected. "Following sharp declines, economic activity and employment have picked up somewhat in recent months but remain well below ...
Detroit — General Motors Co. burned $7.8 billion in the second quarter navigating the coronavirus pandemic, but the Detroit automaker still beat Wall Street expectations and is hopeful it can pay down debt and generate cash going forward. GM reported a ...
WASHINGTON — The Latest on testimony in Congress by the CEOs of Facebook, Apple, Amazon and Google (all times local):. 3:50 p.m.. Amazon founder Jeff Bezos says he can't guarantee that the company isn't accessing seller data to make competing ...
Concho Resources CXO +2.4% cut its capital spending by 44% compared to the first quarter of 2020, the company said this afternoon as it touted rapid cost reductions in response to low oil prices. One of America's top U.S. shale producers, Concho said that it ...
Following a blowout second-quarter earnings and revenue beat, Advanced Micro Devices (AMD) hiked its full-year forecast, citing an increase in chip demand as the work-from-home trend flourishes around the world. In response, the equity is swimming in ...
Qualcomm reported third-quarter earnings on Wednesday. Qualcomm announced a long-term patent agreement with Huawei, settling a major unanswered legal question for the company. But the company said it expected 5G handset shipments would be ...
Oil was propped up by the biggest decline in U.S. crude inventories this year, signaling a bright spot in a market weakened by Covid-19. Domestic oil inventories tumbled by more than 10 million barrels last week, the biggest decline since December, ...
(This story is for CNBC PRO subscribers only.) Wall Street analysts have been touting Amazon as the ultimate beneficiary of the coronavirus pandemic. Now the company has a chance to prove it when it reports second-quarter earnings on Thursday after the ...
NEW YORK — An attorney for J.C. Penney Co. told a bankruptcy judge Wednesday that the retailer is going forward with a sale of its business and expects the deal to be completed by the fall. The potential sale comes as Plano, Texas-based Penney is ...
Shares of PayPal Holdings Inc. PYPL, +4.72% were up about 2% in after-hours trading Wednesday after the digital payments company topped earnings and revenue expectations amid booming growth in online transactions. PayPal posted net income of ...
With a market value of $323 billion according data from cryptocurrency tracker CoinMarketCap, the crypto market is attracting a wealth of new, prominent investors and traders, according to Nairametrics. The world of digital coins is swelling as of late, due to ...
Boeing is cutting production further, and Visa saw a big slump in payments volume during the quarter. Timothy Green. (TMFBargainBin). Jul 29, 2020 at 1:17PM. Author Bio. Tim writes about technology and consumer goods stocks for The Motley Fool. He's a ...
Executive pay cuts taken to show solidarity with workers furloughed by the COVID-19 crisis "are mostly window dressing," AFL-CIO Secretary-Treasurer Liz Shuler said Wednesday as the labor organization released its annual Executive Paywatch report.
LOS ANGELES — Passengers flying Virgin Galactic on suborbital trips into space will be able to see themselves floating weightless against the backdrop of the Earth below while 16 cameras document the adventures, the company said Tuesday.
Social security numbers are a standard field on credit card applications, which can give the impression that they're required for approval. Fortunately, not all cards require a social security number for approval, although not having one can make applying more ...
The widely publicized advertiser boycott against Facebook has less than a week to show it has become a global coalition solid enough, and strong enough, to take on the social media giant. Civil rights groups persuaded more than 1,100 companies and ...
Amazon's cloud unit will hold its Reinvent conference digitally, rather than in Las Vegas, in November and December, a spokesperson told CNBC on Wednesday. The continuing spread of the coronavirus caused other technology companies — including ...
Sprouts Farmers Markets Inc. said Wednesday that the coronavirus pandemic drove a 9.1% increase in in-store sales in the second quarter. For the quarter ended June 28, the Phoenix, Ariz.-based company reported a profit of $67 million, or 57 cents a share, ...
Community Health Systems Inc. is caring for more Covid-19 patients now than at any other point during the pandemic. And while no one knows what the remainder of 2020 will bring, CEO Wayne Smith seems confident that the Franklin-based hospital ...
San Francisco home-fitness startup Tempo raised $60 million to meet the growing demand for its high-tech, stylish home studio product. Tempo. By Brian Rinker – Staff Reporter, San Francisco Business Times. Jul 29, 2020, 10:53am PDT. San Francisco ...
The 10 Florida companies that received the most Paycheck Protection Program loans were approved for at least 228 loans worth between $104 million and $246.4 million, with recipients saying the money allowed them to retain more than 21,000 jobs.
Gambling and travel have been slow to recover since Nevada casinos began reopening June 4, according to monthly reports showing Las Vegas airport passenger numbers down nearly 77% in June compared with a year ago and a key casinos house ...
If you lost a significant portion of your nest egg due to market volatility this year, consider yourself one of the fortunate ones. That's because nearly half of Americans age 55 and older didn't have any retirement savings stashed away.(1) While Social Security ...
JACKSONVILLE, Fla — Grab your dips and get ready to get your hands dirty. Wednesday, July 29, marks National Chicken Wing Day! What better way to celebrate than with some of the best chicken wings in town? Here are your top locally-owned restaurants ...
JetBlue Airways is slated to become the first major U.S. carrier to test new UV light technology on its aircraft in an effort to better combat the novel coronavirus. Continue Reading Below. As part of a 90-day pilot program, Honeywell will roll out eight of its UV ...
CLEVELAND — One of Cleveland's most beloved restaurants has closed its doors temporarily due to the ongoing COVID-19 pandemic. In a letter posted on its social media platforms, Great Lakes Brewing Co. announced that beginning Wednesday, it will ...
A new study shows the COVID-19 pandemic is leading to an unprecedented number of coronavirus scams and Arizona is the No. 16 most targeted state. As of July 15, Arizona residents filed 1,901 fraud complaints to the FTC. This marks a 132% increase ...
NEW YORK (AP) _ Empire State Realty Trust Inc. (ESRT) on Wednesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in New York, said it had funds from operations of $39.5 million, or 14 cents per share, ...
CAMP HILL, Pa. — As Ohio continues to try and ramp up its coronavirus testing capacity, one of America's largest drugstores is once again assisting in the efforts. Rite Aid announced Wednesday it will add four new testing sites at various locations across the ...
ST. LOUIS — A new cancer center at Mercy Hospital South will be opening soon and 5 On Your Side got a sneak peek of the facility. In 2018, the hospital began building the David M. Sindelar Cancer Center. The center provides comprehensive care for the ...
KALAMAZOO, MI -- The Westnedge location of Kalamazoo's beloved Theo & Stacy's restaurants is on the market, the owner has announced. The location was closed during the stay-at-home order and initially planned to reopen late summer. The family ...
HERNDON, Va. (AP) _ Strategic Education, Inc. (STRA) on Wednesday reported second-quarter earnings of $34.2 million. On a per-share basis, the Herndon, Virginia-based company said it had profit of $1.55. Earnings, adjusted for one-time gains and costs, ...
by Michael Strong | Jul 29, 2020. General Motors Chairman and CEO Mary Barra addressed how the company can "close the gap" with EV companies and their valuations. What's in a name, a fairly well-known writer once asked, adding "That which we call ...
Vanguard has closed its U.S. Value Fund to new investors as it seeks to merge the $1.1 billion fund into the better-performing and larger $77.2 billion Value Index Fund early next year. The firm will be asking shareholders of the quant-based actively managed ...
JACKSON, Tenn. — The Jackson-Madison County Library plans to reopen on Aug. 3 after being closed for two weeks, and offering two weeks of curbside service. The Main Library downtown will offer curbside services only from 9 a.m. to noon Monday ...
Thunder Ball Results Wednesday 29th July: Check the winning ThunderBall numbers to find out if your life has just changed! ThunderBall Results for Wednesday 22nd July will appear here as soon as they happen. The ThunderBall draw takes place every ...
Boeing Co. said Wednesday it will terminate production of its 747 line of jumbo jets in 2022 as the coronavirus pandemic saps travel demand and fuel-efficient models become a mainstay in the aviation market. "In light of the current market dynamics and ...
Vindex is acquiring the Belong Gaming Arenas brand and all associated IP, and plans to open more than 500 locations across the United States. UK-based retailer Game Digital, which launched the Belong brand in 2016, will continue to own and operate all ...
WILLIAMSBURG, Va. (WWBT/WDBJ) - Seaworld Entertainment has announced Busch Gardens expects to reopen its Virginia theme park in early August. In 2020, the company began the phase of reopening some of its parks with reduced operating days and ...
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