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What to watch today: S&P 500 heads for best August in 34 years U.S. stock futures were pointing to further gains at Friday's open, with the S&P 500 soaring 6.5% this month and heading for its best August since 1986. The S&P and the Dow Jones Industrial Average continued their summer rallies Thursday on the Federal ...
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ProtonVPN review: A secure service with a solid reputation that costs a pretty penny It's hard not to be impressed with the lengths Proton's gone to to shore up security and privacy in both its ProtonMail and ProtonVPN service. Is it the fastest VPN? No. Can you use it out of China? No. Can you game with it? Meh. Depends. But do you want to ...
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Trump's Jobs Recovery Is Still A Long Ways Off President Trump continually boasts that he has created the best economy ever. Unfortunately for him the facts don't match reality. Unemployment claims remain at levels never seen before for the 21st week in a row and job losses have been unprecedented.
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In a market starved for yield, one ETF offers close to 9%. Here's how it works Yield is a bit like a hot commodity these days. With the Federal Reserve keeping its benchmark interest rates near zero until at least 2022, investors are flocking to popular bond exchange-traded funds for income. Here are the yields for some of the market's ...
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UPDATE 1-"Go big and go fast" - BoE's Bailey lauds power of bond-buying (Adds details and background). LONDON, Aug 28 (Reuters) - Bank of England Governor Andrew Bailey said the British central bank has more ammunition to support the economy from its coronavirus shock, and that big, aggressive bond-buying pushes are ...
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US economic recovery hampered by wobbly performance in powerhouse states (Reuters) - Of the many tragedies in the U.S. coronavirus epidemic, among the largest was that the nation's four economic powerhouses - California, Florida, New York and Texas - bolted to opposite corners early in an often politicized response to the crisis.
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Delinquent Payment History? It Won't Matter As Much For FICO's New Resiliency Score There's a new risk measurement entering the world of credit lending and this one isn't based on your past payment history. Called the FICO® Resilience Index (FRI), this score aims to predict which consumers are more likely to default on payments during a ...
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Exclusive: Germany set to revise up its 2020 GDP forecast, source says BERLIN (Reuters) - The German government is set to revise upward its economic growth forecast for this year to a decline of less than 6% from a previous estimate of -6.3%, a coalition source told Reuters on Friday. FILE PHOTO: German Economy Minister ...
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CANADA FX DEBT-C$ forges ahead vs US dollar after Canada's GDP surges in June ... * Canadian dollar at 1.3079 to the greenback. * Bond prices higher across the maturity curve. By Saqib Iqbal Ahmed. Aug 28 (Reuters) - The Canadian dollar climbed to a fresh seven-month high against its U.S. counterpart on Friday, on pace for a fourth ...
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Consumer sentiment improves slightly in late August, but still near pandemic low Americans regained a small amount of confidence in the path of an economic recovery in late August, but they are still quite pessimistic about how long it will take to get back to normal, a new survey showed. The final consumer sentiment survey in August ...
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Boeing grounds eight 787 jets over manufacturing flaw New York (CNN Business) Boeing has found a problem with the manufacturing of the 787 Dreamliner, the widebody jet that is one of the most successful products of the troubled aircraft maker. Eight of the planes will be grounded for inspection and repair of ...
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Norwegian Air 'Still Needs Help' To Survive As Losses Grow Despite a drastic corporate restructure and the substantial loan guarantees provided by Norway's government, Norwegian Air remains in a precarious financial position. At a press conference announcing a loss of NOK 4.8 billion ($544 million) for the first half ...
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Workday leaps 12% after beating earnings expectations on work-from-home demand (WDAY) Workday jumped as much as 12% in early Friday trading after beating estimates for second-quarter earnings and revenue. The company also raised its guidance for full-year subscription revenue above Wall Street's forecast. Workday promoted Co-President ...
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Coke will offer buyouts to 4000 workers in the US and Canada San Francisco (CNN Business) Coca-Cola (KO) will cut thousands of jobs and reduce its number of business units as it faces declining beverage sales in the pandemic. Coke said Friday the job cuts would come in the form of voluntary and involuntary ...
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Nio shares fall after company announces offering of 75 million shares U.S.-listed shares of Nio Inc. NIO, a Chinese manufacturer of autonomous vehicles, are off more than 4% in Friday trading after the company announced an offering of 75 million American depositary shares. The company's announcement, which came late ...
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Marvell Technology Advances on Strong Second Quarter Earnings Results On Thursday after the closing bell, Marvell Technology Group (MRVL) reported better than expected earnings results with its fiscal year second-quarter earnings release. On the top line, revenues of $727 million (+10.7% YoY) exceeded expectations of $721 ...
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Japan's 'Flying Car' Gets off Ground, With a Person Aboard TOKYO (AP) — The decades-old dream of zipping around in the sky as simply as driving on highways may be becoming less illusory. Japan's SkyDrive Inc., among the myriads of "flying car" projects around the world, has carried out a successful though ...
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Credit Suisse Uncovers Client Fraud at Wealth Management Credit Suisse Group AG has discovered fraud at its international wealth management business, two years after it was criticized by a regulator in a similar case that rattled the bank and raised questions about controls. The Swiss lender dismissed a ...
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The New Must-Have Single Malts From The World's Most Popular Scotch Whisky Maker Another week, another announcement of limited edition whisky. Today it's actually eight whiskies, to be exact. Every autumn, Diageo—the folks behind Johnnie Walker, and many other popular scotch labels—unveils its Special Releases Collection. In years ...
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US consumer spending rose a moderate 1.9% in July U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless. WASHINGTON (AP) — U.S. ...
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New tools, staff may reduce wait times for customer service from Colorado's unemployment office Kerry Torres' situation is desperate and she's hardly alone. The 44-year-old single mom first applied for unemployment in Colorado on June 26 after being laid off from her job, one of more than 736,0000 Coloradans to seek state benefits since the outset of ...
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Taiwan's MediaTek pushes for permission to supply Huawei after US curbs TAIPEI (Reuters) - Taiwanese chip designer MediaTek Inc (2454.TW) said on Friday it had applied to the U.S. government for permission to continue supplying China's Huawei after new U.S. curbs take effect in mid-September amid rising China-U.S. tensions.
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Chevy Corvette engineers moved to EV team at GM General Motors is moving engineers from its Chevrolet Corvette development team to its electric-vehicle program, InsideEVs reported Thursday. Specifically, GM moved the engineers from its Global Products Programs group to the Autonomous and Electric ...
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Big Lots Beats Forecasts on Strong Comparable Sales Big Lots (BIG) - Get Report beat Wall Street's fiscal-second-quarter earnings expectations as sales surged both online and in stores. Shares of the Columbus, Ohio, retailer at last check were off 1.3% at $55. For the quarter ended Aug. 1 Big Lots reported net ...
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Hewlett Packard gets $1B boost from COVID-19 working and schooling from home Hewlett Packard CEO Enrique Lores told investors the working from home and homeschooling trend due to the coronavirus pandemic helped drive quarterly results that were "beyond our expectations" as he spoke with investors on the company's earnings ...
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How a $1 million plot to hack Tesla failed Hacking isn't all 1s and 0s—more often than you'd think, it's about people. A Tesla employee was offered a $1 million bribe in early August to install ransomware on the car company's networks in Nevada, a scheme that could have netted a cybercrime gang ...
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Dell Profit Tops Estimates on Strong Cost Controls and Consumer PC Demand Dell Technologies posted better-than-expected profit for its fiscal second quarter ended July 31, with strong consumer and enterprise business offsetting weakness from small-business customers. For the quarter, Dell (ticker: DELL) posted revenue of $22.7 ...
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Vaping ad tactics 'exploited' the pandemic, study says By Michael Nedelman and Lauren Mascarenhas, CNN A free roll of toilet paper with your vape? How about hand sanitizer? Thursday, August 27th 2020, 3:28 PM HST. Updated: Thursday, August 27th 2020, 4:13 PM HST. Image. 1/2. By Michael Nedelman ...
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Market Movers: Banks on a high, India VIX falls for 5th week; 64 stocks turn overbought Mumbai: Bank stocks continued their momentum on Friday, but a weak market breadth raised alarms. Analysts pointed out that the index has entered the overbought zone, and this may cap potential upside. Sensex ended the session 0.9 per cent higher at ...
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Dinesh Khara recommended for next SBI chairman, no extension for Rajnish Kumar The Banks Board Bureau on Friday recommended Dinesh Kumar Khara for the post of chairman of the State Bank of India (SBI). The board further said that Challa Sreenivasulu Setty will be in the reserve list for vacancy. Dinesh Kumar Khara and Challa ...
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Consumer Spending Likely Grew in July as Labor Market Improved U.S. consumer spending likely rose in July as the labor market continued to add jobs, although economists caution that last month's expiration of $600 in enhanced weekly unemployment benefits could dent household spending ahead. The Commerce ...
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Austin Brewery Prints Texas Gov. Greg Abbott's Phone Number on Beer Cans Austin Brewery Wants People to Call the Texas Governor Hudson Bend brewery Infamous Brewing Company is printing Texas Gov. Greg Abbott's office phone number on the bottom of its Bugsy's Amber Ale beer cans. The company urged people to call the ...
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Smartphone market expected to sink this year but will rebound due to 5G push Shipments are forecast to drop almost 10% for 2020, but a revival is due in 2022 courtesy of a 5G push and other factors, says research firm IDC. People group having addicted fun together using smartphones - Detail of hands sharing content on social.
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Bouygues Telecom weather COVID-19 storm A strong uplift in mobile subscribers post-lockdown has helped France's Bouygues Telecom weather the COVID-19 storm, with the company posting solid first half results. Parent company Bouygues said that the telco's new adds since opening its stores on ...
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Volkswagen ID.4 – low aero drag crucial to efficiency Volkswagen is set to officially unveil its ID.4 fully electric SUV next month, and the MEB-based model will be the second in the brand's battery-powered line-up after the ID.3 hatchback that made its debut a year ago. The ID.4 SUV is expected to offer battery ...
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