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Near-zero interest rates may be needed for up to 3 years, says Dallas Fed's Robert Kaplan "I think we're going to need to keep the Fed funds rate at zero ... for the next probably 2½ to three years years," Dallas Fed President Robert Kaplan told CNBC. "It could be that long that until we get on track, to have weathered the crisis and are on track to meet ...
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Trump says economic recovery is V-shaped, Biden says it's a K. Who's right and what does it mean? The raucous debate between President Trump and former vice president Joe Biden turned into a game of alphabet Tuesday when moderator Chris Wallace asked the two candidates whether the U.S. economy is in a V-shaped or K-shaped recovery from the ...
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US airline aid hopes fade on signs Republicans, Democrats far apart CHICAGO/WASHINGTON (Reuters) - Hopes for another $25 billion in airline aid before midnight Wednesday - the deadline for mass furloughs of airline employees - dimmed after Washington leaders said there was still more work to do on a broad ...
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Coinbase offers severance package to employees unhappy with its new apolitical stance (Reuters) - Coinbase Inc Chief Executive Officer Brian Armstrong has offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. Armstrong's ...
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Enchanted Princess Officially Joins Princess Cruises Fleet SANTA CLARITA, Calif., Sept. 30, 2020 /PRNewswire/ -- The newly completed Enchanted Princess was delivered to Princess Cruises today in an official handover ceremony presented via live streaming video from the Fincantieri Shipyard in Monfalcone, Italy.
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These cities are at risk of a housing bubble as home prices inflate worldwide Europe appears to have the greatest risk of housing heat, along with Hong Kong. Toronto is the only major North American city in the study that was found to be at risk of a housing bubble. A Canadian flag flies amid the Toronto skyline. Roberto Machado Noa ...
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Oil prices move up as US supplies fall a third week Oil futures moved higher Wednesday after U.S. government data showed a third consecutive weekly decline in domestic crude supplies. Prices, however, were still headed for their first monthly decline since April as concerns persist about the global economic ...
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Tesla Is About to Announce Q3 Deliveries: Here's What to Expect Shares of electric-car maker Tesla (NASDAQ:TSLA) have soared this year. While this has been great for shareholders, it means expectations are high. This is particularly true for the automaker's third-quarter deliveries, which Tesla will likely report in the next ...
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Fed restricts share buybacks by biggest banks through end of year The Federal Reserve on Wednesday extended restrictions on shareholder payouts by the largest banks through the end of the year. Under the restrictions, large banks with more than $100 billion in total assets will be prohibited from making share ...
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How Often Are Dividends Paid on Stocks? If you're investing in dividend stocks, it's important to understand how and when a dividend is paid. In most cases, stock dividends are paid four times per year, or quarterly. There are exceptions, as each company's board of directors determines when and if it ...
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Paid Sick Leave Arrives for New York State Employers & New York City Amends Its Own Paid Sick Leave Law The New York State Paid Sick Leave Law's accrual provisions go into effect today, September 30, 2020. In April, Governor Cuomo signed into law new permanent paid sick leave requirements for all New York State employers (separate from COVID-19 leave ...
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New Study Finds No Direct Link Between Subway & COVID-19 Spread Subway and other mass transit use is dramatically down since New York first hit PAUSE to slow the spread of COVID-19. In March, subway ridership was estimated to be down around 90% from normal levels, and in September, it was hovering around 60-70% ...
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Beer for dessert? Sure, now that you can take home Yuengling Hershey's Chocolate Porter Yuengling and Hershey's chocolate-flavored brew, which they first collaborated on a year ago, is back – and coming to stores. Yuengling Hershey's Chocolate Porter debuted last fall at bars and restaurants in 14 states. This time around the tasty concoction, ...
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Location, room to grow and workforce pivotal to Nestle Purina's $450M plans for 300 jobs at MillerCoors site The strategic location of the former MIllerCoors site and the hundreds of acres it provides for growth opportunities were key elements in Nestle Purina Petcare Co.'s plans to invest more than $450 million and create 300 Eden jobs. The St. Louis-based ...
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Nearly 6700 local non-union Disney employees among 28000 workers losing their jobs Editor's note: This story is available as a result of a content partnership with WFTV. Subscribers will see stories like this on our website (and in our daily emails) as an added value to your subscription.
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11% of Americans Have Already Subscribed to Walmart+ Earlier this month, Walmart (NYSE:WMT) announced the launch of Walmart+, a membership program that offers a host of benefits to the company's retail customer base. At $98 per year or $12.95 per month, the service has inevitably been compared to ...
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Tommy Hilfiger, Calvin Klein owner PVH taps Stefan Larsson as CEO PVH, which runs Calvin Klein and Tommy Hilfiger among other apparel brands, announced on Wednesday that company President Stefan Larsson will succeed Manny Chirico as CEO, effective Feb. 1. Chirico, who has been chief executive since 2006, will ...
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Men's dress shirts up to 62% off starting at $11.19: Van Heusen, Calvin Klein, Kenneth Cole, Chaps Men's dress shirts are on sale up to 62% off starting at $11.19 at Amazon right now! This Early Prime Day Sale is available for Amazon Prime Members only. You can get a 30-Day free membership when you sign up at Amazon.com HERE. You'll find super ...
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G4S shares climb after hostile bid, and William Hill deal arrives in London Mergers and acquisition news was driving some of the action in London on Wednesday, with G4S climbing on a hostile takeover bid, while betting group William Hill received a much anticipated offer from U.S.-based Caesars Entertainment. G4S GFS, +5.92% ...
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Goldman Names Co-Heads of Consumer and Wealth Management Unit Goldman Sachs announced an executive reshuffling Tuesday that will make Stephanie Cohen, currently chief strategy officer, a co-head of the bank's consumer banking and wealth management division, effective Jan. 1.
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Northwell website patterns predict COVID-19 caseload Northwell Health announced today that it has developed a predictive tool that can anticipate a spike in COVID-19 cases at its hospitals by mining user data patterns from its Northwell.edu website. With the pandemic still raging worldwide, Northwell plans to ...
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Burger King Belgium is angling for a Michelin star If it really is the king of burgers, then it should be treated as such. For restaurants across the world, one of the greatest honors is to receive a star from the Michelin Guide. Typically, these stars are awarded to high-end restaurants run by accomplished chefs, ...
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Florida woman forced to forfeit lotto prize after USPS loses ticket A Florida woman says she was forced to forfeit her lotto prize after the US Postal Service lost her winning ticket in the mail. Sue Burgess, of Hernando County, said she was thrilled to discover earlier this summer that she snagged $1,000 in the state's Second ...
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Nordstrom first major US retailer to ban fur, exotic animal skins 'By the end of 2021, you'll no longer find products made using animal fur or exotic animal skin at Nordstrom'. Facebook; Twitter; Print; Email. By Lisa FickenscherNew York Post. close. National Retail Federation President and CEO Matthew Shay says he ...
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Amazon One lets users pay with their palm prints On Tuesday, Amazon announced the launch of Amazon One, a bio-authentication tool that allows users to use their palm to pay for purchases or enter various locations. To start, the company is introducing the technology at two Amazon Go stores in Seattle, ...
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Pending Home Sales Just Hit a New All-Time High Contracts for existing home purchases rose for the fourth straight month in August and more than doubled the increase expected by most analysts. The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) rose from 122.1 in July ...
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New Jersey Has 43 Covid-19 Cases Linked to Schools, Murphy Says New Jersey has confirmed novel coronavirus outbreaks in 11 schools, Governor Phil Murphy said. "We said going in" that cases would pop up, he said. In all, 43 individuals with links to the schools have tested positive, according to Judith Persichilli, the state ...
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Les Schwab announces sale to out-of-state investment firm Les Schwab Tires announced Tuesday an agreement to sell the company to an out-of-state investment firm called Meritage Group. The firm has offices in California, Connecticut and New York, according to its website, and began investing in 1997 in public ...
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METALS-Copper rebounds on upbeat Chinese and US economic data (Updates prices). LONDON, Sept 30 (Reuters) - Copper prices rebounded on Wednesday on strong economic data from top metals consumer China and the United States, shrugging off a surge in inventories. China's factory activity extended solid growth in ...
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Apple Gives Tim Cook Up To A Million Shares That Vest Through 2025 Apple Inc. said it is giving Chief Executive Officer Tim Cook new equity awards that could provide him with as many as 1 million shares by 2025. The compensation, currently worth $76 million to $114 million depending on Apple's share performance, gives ...
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Lucid gets closer to Tesla Model S Plaid's racetrack record — though with caveats Lucid Motors has achieved a new personal record getting closer to Tesla Model S Plaid's own record at the Laguna Seca racetrack with its own tri-motor electric performance vehicle. But there are caveats. The Laguna Seca racetrack is becoming the scene to ...
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2021 Audi RS 5 Coupe and RS 5 Sportback updated with aggressive design The Audi RS 5 Coupe and Sportback have been updated for the 2021 model year featuring a more aggressive exterior design than the previous generation, new technology and latest infotainment including the new MIB 3 infotainment system. For 2021, the ...
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Polaris And Zero Motorcycles Ride Together To Build Electric Off-Road Vehicles And Snowmobiles In what may prove to be the biggest deal in the off-road vehicle community, the leader of the segment, Polaris, has teamed up with comparatively tiny Zero Motorcycles to develop the future contents of toy-haulers all over America. With this exclusive 10-year ...
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Penn National Raises $982 Million in Stock Sale to Bolster Barstool Branding Push Penn National closed its public stock offering, announcing today that the PA-based company raised $982.1 million in the sale of 16.1 million shares of $PENN stock. Jay Snowden, president and CEO of Penn National, said in the press release:.
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New York has highest need for loans, study finds NEW YORK (WWTI) — National unemployment remains high due to the COVID-19 crisis and New Yorkers have a high need for loans statewide. A recent study from WalletHub, States Where People Need Loans the Most Due to Coronavirus, found the ...
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Illinois' hospitality industry falling behind under 50-person cap on gatherings (The Center Square) – Illinois' hospitality industry said its pleas for Gov. J.B. Pritzker's office to reconsider one of the most restrictive caps on gatherings in the nation "have fallen on deaf ears." The American Hotel and Lodging Association's Illinois chapter said ...
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Scooter pilot study from 2019 deemed a success, new pilot study recommended for 2021 Remember those scooters? Remember how Milwaukee got really, really worked up about them in 2018 and 2019? Remember how Milwaukee really, really forgot about them in 2020 (when they failed to return because of COVID-19)? Well, Milwaukee hasn't ...
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