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Joe Biden said the economic recovery is 'K-shaped.' Here's what that means New York (CNN Business) The American economy is recovering. That's not up for debate. But the manner in which the economy is bouncing back is very much disputed by economists and politicians. Joe Biden says it's a "K-shaped" recovery. Donald Trump ...
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PRECIOUS-Gold set to end worst month in over 2 years on dollar bounce-back ... * Gold down 3.5% so far in the month. * Silver faces first monthly decline in 6 months. * Platinum on track for worst month since March. * Palladium eyes third straight monthly gain (Updates prices, adds comments). Sept 30 (Reuters) - Gold steadied on ...
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Stocks making the biggest moves midday: Nikola, Datadog, Micron, Canada Goose & more Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft's cloud computing service Azure. Datadog will now ...
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Nikola executives seek to calm investor anxiety after fraud claims delay $2 billion deal with GM, shares jump Nikola sought to calm investor anxiety following fraud claims involving the company's technology and its founder. Nikola Executive Chairman Steve Girsky said the board remains "very supportive" of CEO Mark Russell's ability to deliver on the company's plans ...
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Coinbase wants to reject politics. It should already know how risky that is. Is it possible to be apolitical in today's America? Coinbase, the largest cryptocurrency exchange in the U.S., is about to find out. Brian Armstrong, Coinbase's CEO and cofounder, wrote in a blog post this week that his company would "focus on being the best ...
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These restaurants reopened. That doesn't mean they'll survive. When restaurants in New Jersey were allowed to reopen three weeks ago for indoor dining at reduced capacity, Jeanne Cretella took a look at her books and made a tactical choice. Liberty House, her restaurant in Jersey City, New Jersey, known for its ...
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Rolls-Royce's $400000 Attempt at a Low-Key, 'Minimalist' Sedan THE NEW Rolls-Royce Ghost debuts a number of technical innovations—a unique double-damped front suspension, for example, adding more float to the boat—but its greatest invention is surely the marketing team's notion of "post-opulence." The suggestion ...
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Here's The Most Important Part Of An Application For Social Security Benefits You can avoid the problems many people have when they apply for Social Security retirement benefits. Knowing the right actions to take can ensure you receive the benefits you intend instead of falling into the traps that snare many Social Security applicants.
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Cleveland-Cliffs Triples Down on America Ahead of the U.S. presidential election, this steelmaker is betting big on a U.S. manufacturing revival. Billy Duberstein. (TMFStoneOak). Sep 30, 2020 at 9:31AM. Author Bio. I love looking at the "story" behind investments from an interdisciplinary point of view, ...
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Disney To Layoff 28000 Workers, Citing California's 'Unwillingness' To Lift Reopening Restrictions Emblematic of the Covid-19-related struggles and tensions between state officials, medical professionals and businesses, Walt Disney reported that it had no other choice but to lay off roughly 28,000 employees at its theme parks in California and Florida.
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Texas is emerging solar power capital, with assist from San Antonio's CPS Energy In southern Bexar County, an array of solar panels spans nearly a mile end-to-end, nestled amid green pastures and South Texas homesteads. The solar farm holds tens of thousands of solar panels that feed into CPS Energy's power system, providing nearly ...
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SpaceX's Starlink in action: Internet satellites keep emergency workers online amid wildfires Live. The rise of Elon Musk and SpaceX. Watch Now. It's emerged that SpaceX's Starlink satellites have been delivering internet services since early August to the Washington state military's emergency management unit helping residents recover from recent ...
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Alibaba Offers One More Reason to Buy the Stock: Cloud Computing Alibaba Group Holding, already seen as the wildly successful Chinese version of Amazon.com, has raised hopes about its future profitability. The stock was up nearly 5% on Wednesday after the company wrapped up the third day of its Ali Virtual Investor Day, ...
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NextEra Energy Reportedly Offers to Buy Duke Energy Duke Energy is the largest regulated utility in the U.S., with a market capitalization of $60.6 billion. NextEra Energy has a market cap of nearly $138.6 billion, making it the world's largest utility owner. The ...
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Tesla on the cusp of cobalt-free batteries for China, report says Less cobalt in batteries isn't just good from a cost perspective, it's good for the environment, too. Twitter. Tesla is readying an announcement regarding its first cobalt-free batteries for electric cars, according to a new report from Reuters on Wednesday.
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Pending home sales hit record in August The number of homes under sales contract hit a record high in the National Association of Realtors' 19-year history of monthly surveys. The number of pending homes increased 8.8 percent since July and were up nearly a quarter since last August.
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Penn National gets a pair of Wall Street target hikes on Barstool betting app debut (This story is for CNBC Pro subscribers only). Two Wall Street firms said Wednesday that they aren't backing away from Penn National Gaming after the stock ripped higher over the past two months. JPMorgan and Rosenblatt Securities both raised their price ...
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Clock Is Ticking On Airline Stocks As Stimulus Deal, Big Cuts Loom Airline stocks rallied on Wednesday after Treasury Secretary Steven Mnuchin said he was "hopeful that we can get something done" on a new coronavirus stimulus package that supports the air travel industry, while American Airlines' (AAL) CEO signaled the ...
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Moderna's Covid Vaccine Generated Strong Antibodies in the Elderly. What It Means for the Stock. Moderna announced that elderly people in the first trial of its Covid-19 vaccine generated high levels of antibodies against the coronavirus, on a par with younger test subjects and patients who have recovered from the illness. In recent trading, Moderna stock ...
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Ford F-150, Explorer and Mustang part of 620000-vehicle recall for blank backup cameras Every vehicle but the Ecosport is included in this recall. Jon Wong/Roadshow. Following news of two new Ford recalls for broken Mustang brake pedals and poor welds in the F-250 and F-350 Super Duty pickups, Ford on Wednesday announced a third recall ...
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Singapore central bank seen keeping monetary policy on hold on recovery hopes: Reuters poll SINGAPORE (Reuters) - Singapore's central bank will likely keep policy settings steady in October on hopes the economy will recover as the financial hub further loosens coronavirus curbs and on expectations fiscal policy will be the main driver of a rebound, ...
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Salesforce Announces Work.com for Vaccines SAN FRANCISCO, Sept 30, 2020 /PRNewswire/ -- The world is preparing to deliver one of the largest mass vaccination campaigns in human history, but managing the process of safely distributing effective COVID-19 vaccines to potentially billions of people ...
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Health Insurer Anthem Settles States' Cyber Breach Probe for $40 Million Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyber-attack at the company in 2015. The second largest U.S. health insurer said a state sponsored ...
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Velodyne goes public in first of many upcoming Bay Area 'blank check' mergers Velodyne Lidar Inc. was set on Wednesday to start trading on Nasdaq as the first of a number of Bay Area companies that have chosen to go public this year in mergers with "blank check" companies. The San Jose-based company's performance on the ...
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Amazon launches a virtual tours and experience platform, Amazon Explore Amazon today is launching a new service called Amazon Explore that allows customers to book live, virtual experiences led by local experts. The experiences may be focused on creativity, learning DIY skills, taking virtual tours of far-off places or cultural ...
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Quest Diagnostics launches combined COVID-19, respiratory virus tests Secaucus-based Quest Diagnostics said Wednesday it is now offering three different test options to assist in diagnosing COVID-19 and to differentiate it from other seasonal respiratory infections, including the flu. Quest said a single nasal swab can identify ...
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Stocks climb on Wall Street on hopes for deal on stimulus Stocks are opening higher on Wall Street as traders hope that the White House and Congress can break a logjam on delivering more badly needed stimulus for an economy ravaged by coronavirus lockdowns. The S&P 500 rose 0.5% in the early going ...
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Curetis Receives €350K German Government Grant to Develop Carbapenem Resistance Test NEW YORK – OpGen said on Wednesday that its subsidiary Curetis has received more than €350,000 ($410,000) from the Federal German Ministry of Education and Research to use artificial intelligence for developing a test for carbapenem resistance in ...
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US says it will block palm oil from large Malaysian producer The U.S. government says it will block palm oil shipments from one of Malaysia's biggest producers, citing widespread labor abuses. An official from U.S. Customs and Border Protection said Wednesday the agency will detain shipments of palm oil and its ...
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Wyoming hospital gets $1M insurance settlement for ransomware attack: 3 details Gillette, Wyo.-based Campbell County Health received a $1 million insurance settlement over a 2019 ransomware attack that disrupted operations, according to a report in the Powell Tribune. Three details: 1. The health system suffered a ransomware attack ...
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Calvin Klein and Tommy Hilfiger parent says Larsson will become CEO Apparel company PVH Corp., parent of Calvin Klein, Tommy Hilfiger and Izod, said Stefan Larsson will become CEO in February. Larsson, 46, will replace Manny Chirico, 63, who has been CEO of the New York City-based company (NYSE: PVH) since 2006.
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888 doubles profits following strong H1 revenue growth 888 Holdings saw revenue grow 36.7% year-on-year in the first half of the year, thanks to strong growth across its gaming products and declines in sports betting's contribution kept to a minimum. This helped the operator significantly grow earnings and net ...
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Big Tech Faces Ban From Favoring Own Services Under EU Rules (Bloomberg) -- Big tech firms could be banned from preferencing their own services in search rankings or exclusively pre-installing their own applications on devices, under new regulations planned by the European Union. As part of the EU's Digital Services ...
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Coronavirus news: Kentucky on pace for record week of coronavirus cases narvikk/iStockBy JON HAWORTH, ABC News(NEW YORK) -- A pandemic of the novel coronavirus has now killed more than one million people worldwide.Over 33.6 million people across the globe have been diagnosed with COVID-19, the disease caused by ...
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Enerpac: Fiscal 4Q Earnings Snapshot MENOMONEE FALLS, Wis. (AP) — Enerpac Tool Group Corp. (EPAC) on Wednesday reported fiscal fourth-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier. The Menomonee Falls, Wisconsin-based company said it ...
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Emissions crunch drives Volkswagen to overhaul its supercar strategy By Edward Taylor, Jan Schwartz and Ilona Wissenbach. WOLFSBURG, Germany (Reuters) - Volkswagen is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to ...
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Hyundai is Developing All-Terrain 'Transformer-Class' Vehicles with Legs Hyundai is pushing ahead with its CES 2019 'walking car' concept, with a new development unit known as New Horizons Studio set to focus on developing Ultimate Mobility Vehicles (UMVs) for all-terrain, off-road travel in the future. Largely, these vehicles ...
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USD/CAD Daily Forecast – Canadian Dollar Loses Ground On Weak Oil USD/CAD is still trading near 1.3400 despite U.S. dollar's weakness against a broad basket of currencies as WTI oil is under material pressure. The U.S. Dollar Index has managed to get below 94.00 and is testing the nearest support level at the 50 EMA at ...
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2022 Honda Civic hatchback revealed — in patent drawings Patent drawings showing Honda's venerable Civic hatch have surfaced, showing an updated 2022 model that takes design cues from the Accord. The patent drawings were spotted by CivicXI.com, and show the upcoming hatchback in full view, albeit digitally.
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