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Fed's Rosengren Says Pre-Pandemic Risk Taking Will Likely Slow Recovery Effort Federal Reserve Bank of Boston leader Eric Rosengren on Thursday renewed his longstanding concern that long periods of very low interest rates can exacerbate economic troubles when a downturn arrives. Mr. Rosengren's remarks didn't appear to be a ...
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IBM shares soar on plans to spin off its IT infrastructure unit and focus on the cloud business IBM will separate the managed infrastructure services unit of its global technology services division into a new public company. IBM said it hopes to become more focused on cloud software and solutions through the separation. The spin-off is expected to be ...
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Dow trims gains after Pelosi rejects standalone fiscal stimulus bill Stocks held on to modest gains, building on the previous session's rise which was attributed in part to renewed optimism over prospects for another round of fiscal stimulus from Congress. What are major benchmarks doing? Advertisement. The Dow Jones ...
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Delivery startup goPuff raises $380M at a $3.9B valuation GoPuff is a Philadelphia-headquartered startup that delivers products like over-the-counter medicine, baby food and alcohol (basically, the stuff you'd buy at a convenience store) in 30 minutes or less. Yakir Gola, who serves as co-CEO with his co-founder ...
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Unemployment Claims Expected to Remain High: Live Business Updates An empty retail space on Madison Avenue in New York. As weather turns colder, businesses that were able to move outdoors during warmer weather could be forced to pull back anew.Credit...Vincent Tullo for The New York Times. A report from the Labor ...
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Billionaire-Founded Square Invests $50 Million In Bitcoin, Pushing Shares To All-Time High Square, the payments company founded by billionaires Jack Dorsey and Jim McKelvey, just invested $50 million in bitcoin in order to diversify its largely USD-denominated balance sheet, becoming the latest large institution plowing big money into the world's ...
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Ruby Tuesday joins list of companies seeking bankruptcy protection. What to do if your own business is struggling If a struggling business has little or no debt and few assets, it could simply dissolve. When financial obligations become unmanageable, there are different bankruptcy options that may make sense. Sometimes, the business and the owner(s) file for bankruptcy ...
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Government Watchdog: IRS Should Target Individual Taxpayers Reporting Large Business Losses The estimated annual "Tax Gap" exceeds $440 billion. That is to say, the amount that U.S. taxpayers pay in taxes every year falls short of the amount actually owed by some $440-plus billion. The Treasury Inspector General for Tax Administration—or, for those ...
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Instacart raises $200M more at $17.7B valuation Instacart announced today that it has raised $200 million in a new funding round featuring prior investors. D1 Capital and Valiant Peregrine Fund led the investment. Instacart is now worth $17.7 billion, post-money, or $17.5 billion pre-money. The plan is to ...
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Google must talk to French publishers about paying for their content, court says PARIS (Reuters) - Google must open talks with publishers in France about paying to use their content, an appeals court confirmed on Thursday, paving the way for an industry-wide deal in the country. This video file cannot be played.(Error Code: 102630).
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Oxigen Water Closes $15 Million Series B Funding Backed By Kevin Love, Brett Eldredge Oxigen, the pH balanced water boosted with oxygen, today announced the closing of a $15 million Series B funding round backed by Cleveland Cavaliers forward Kevin Love and multi-platinum recording artist Brett Eldredge. The announcement comes on ...
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Waymo starts to open driverless ride-hailing service to the public Waymo, the Google self-driving-project-turned-Alphabet unit, is beginning to open up its driverless ride-hailing service to the public. The company said that starting today members of its Waymo One service will be able to take family and friends along on their ...
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Google's Supreme Court faceoff with Oracle was a disaster for Google The stakes in the case are high for Google, which could owe Oracle billions of dollars in damages. More importantly, an Oracle win could reshape how copyright law treats APIs, giving incumbents the power to lock out competitors who want to build compatible ...
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Bank of America to offer payday-style loans that cost just $5. Here's how they work. Bank of America will begin to offer small, short-term loans to cash-strapped customers, the Charlotte-based bank announced Thursday, a move that could upend the market for short-term loans. The loans, called Balance Assist, will have a $500 limit, and will ...
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OPEC projects market share gains after coronavirus batters oil-producing rivals LONDON (Bloomberg) --OPEC expects to emerge from the pandemic with a greater share of global oil sales, after 2020's price downturn battered rivals in the U.S. and elsewhere. The Organization of Petroleum Exporting Countries boosted forecasts for the ...
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Takeda strikes $1B biobucks deal with Arrowhead for genetic liver disease asset As Arrowhead continues its turnaround, this election cycle is looking like a new era compared to the last as it strikes a major billion-dollar deal with Takeda. The new pact revolves around a collab and license deal for ARO-AAT, a phase 2 investigational RNA ...
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National Pizza Month 2020: Where to get the best pizza deals Ellio's Pizza, Papa John's and more launch their biggest discounts and contests to celebrate National Pizza Month. Katty Huertas / TODAY / Getty Images. Oct. 8, 2020, 6:54 AM PDT / Source: TODAY. By Erica Chayes Wida. Hot, cheesy, doughy — what's not ...
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Amazon Prime Day 2020 Deals: What to Buy for Maximum Savings Amazon Prime Day 2020 kicks off on Oct. 13, but Amazon has already discounted a few of its own devices and services. Here's where you can save now and how to prepare for the main event. By Billy Kwong. Updated October 8, 2020. facebook · twitter.
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Amgen and Cytokinetics claim heart drug success, but results widely disappoint A closely watched study of an experimental heart drug being developed by Amgen, biotech Cytokinetics and France's Servier succeeded on its main goal, the companies said Thursday, but a weaker-than-expected result appeared to raise doubts about the ...
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Lilly's rheumatoid arthritis drug cuts COVID-19 deaths in trial, data shows (Reuters) - Eli Lilly and Co said on Thursday fewer deaths were reported among COVID-19 patients taking a combination of its rheumatoid arthritis drug and Gilead Sciences Inc's remdesivir in a clinical trial, compared to only remdesivir. Lilly said the effect ...
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Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash Based in Irvine, Calif., Consumer Portfolio Services (CPS) is an independent specialty finance company that provides indirect automobile financing to consumers. In an October 7, 2020 letter to the ...
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US Wind and Solar Installation Are Smashing Records, But the Trend May Not Last The United States is on pace to install record amounts of wind and solar this year, underscoring America's capacity to build renewables at a level once considered impossible. The U.S. Energy Information Administration expects the U.S. will install 37 gigawatts ...
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Downtown Pittsburgh sinkhole that ate a bus is finally repaired It took nearly a year, tons of material and several hundred thousand dollars, but the sinkhole that ate a bus in Downtown Pittsburgh has been repaired and 10th Street is open again. The city said Thursday that utilities and its crews finally finished repairing the ...
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This company says it can make top-shelf whiskey in just a few days (CNN) Bespoken Spirits says it is using science to produce better whiskeys. Now, it has several million dollars to prove it can. The Menlo Park, California-based startup, which uses a proprietary technology to rapidly produce custom whiskey, announced on ...
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Dollar General launches 'Popshelf,' a new concept store aimed at suburban women Dollar General is launching a new concept, dubbed "Popshelf," focused on seasonal, home decor and beauty products, as well as cleaning supplies and party goods. Most of the items are priced at $5 or less and include "a combination of ...
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Millennials Face a Steep Climb to Homeownership The U.S. real estate market is topsy-turvy in the pandemic economy. There are fewer homes for sale than usual, and more competition. Prices are up in most markets, yet slipping in others. How do millennials, with their growing families and increasing housing ...
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The Lumen takes the stage in downtown Cleveland's Playhouse Square Josh Halpern didn't just leave another downtown apartment building for the Lumen. He's also dropping his law firm's suburban office space in favor of working, long-term, from the Playhouse Square tower that he now calls home. Halpern, a 28-year-old ...
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Sam's Club to hire 2000 workers, extend some holiday sales events Walmart-owned Sam's Club announced Thursday that it will be ramping up its hiring efforts and extending various sales events as it gears up for the holiday season. Continue Reading Below. WALMART WILL OFFER BLACK FRIDAY DEALS EARLIER THIS ...
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Beyond Meat (BYND) Enjoys Breakfast Sausage Breakout Beyond Meat, Inc. (BYND) shares rose more than 2.5% during Thursday's session as its Beyond Breakfast Sausage Links hit shelves across the country. Key Takeaways. Beyond Meat shares moved sharply higher during Thursday's session as its Beyond ...
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Meijer recalls cut cantaloupe trays over potential health risk MILWAUKEE - Meijer, in conjunction with Eagle Produce, LLC in Aguila, AZ., announced a voluntary recall of whole cantaloupe and select cut cantaloupe fruit trays and bowls. The recall is part of a sampling investigation by the Michigan Department of ...
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Harvard Spins Off Natural Resources Team, to Remain Partner Harvard University's endowment spun off its natural resources team, creating an independent entity that will manage some of the school's agriculture and food production investments. An investment team led by Harvard Management Co.'s head of natural ...
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Neocis, the maker of dental surgery robots, roots out another $72 million Since the robotic dental surgery assistant Yomi first came on the market in 2019 more than 2,700 patients have stared up at its plastic sheathed metal arms, and now the company behind it, Neocis, has raised $72 million to bring it into more dentists' offices.
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Domino's Reports Faster Sales Growth in Q3 The demand for pizza delivery continues to rise even as the global pandemic stretches on. On Thursday, Domino's Pizza (NYSE:DPZ) announced accelerating sales gains for the third-quarter period that ran through early September. The delivery leader ...
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Bradley International Airport adds non-stop route to Nashville Bradley International Airport will add a non-stop route in March to Nashville, with connections from there to destinations on the West Coast. "This is a significant addition to our route network with an airline that has been an important partner at Bradley ...
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Dick's Sporting Goods to hire 9K workers for holiday season Dick's Sporting Goods will ramp up its national recruiting efforts this month with a goal of hiring 9,000 for the busy holiday season. The Pittsburg, Pa.-based retailer announced it will launch seasonal recruiting efforts on its third annual "National Signing Day," ...
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Petco ends sale of shock collars, calls on competitors to do the same WASHINGTON — Petco will no longer be selling specific types of electronic shock collars, instead, it is encouraging pet owners to use positive reinforcement training methods, according to a statement from the company on Tuesday. The move is part of a ...
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Audi's electric SUV hums, with one 'awful' drawback Audi has joined the small coterie of makers offering fully electric luxury cars in the Australian market. After a long wait following the European launch, we now have two versions of the e-tron: a conventional SUV and a so-called Sportback variant with a raked ...
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Where are Pennsylvania's 167928 coronavirus cases? Oct. 8 map, county-by-county breakdown As of 12 p.m. Oct. 8, 2020, the Pa. Department of Health reports that there are 167,928 confirmed and probable cases of COVID-19 in Pennsylvania. There are at least 8,299 reported deaths from the virus. According to Johns Hopkins University, 134,907 of ...
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Hy-Vee expands COVID-19 testing at pharmacies Hy-Vee has announced it has expanded COVID-19 testing to 150 of its pharmacies, including 24 locations in Minnesota. The tests offered at the grocery chain pharmacies are free. According to Hy-Vee, people do not have to be symptomatic to be tested, ...
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Bosch VC Co-Leads $10M Investment In Israeli Construction Tech Firm SiteAware Israeli AI company SiteAware, a developer of construction verification software, announced on Thursday that it raised a $10 million Series A investment round, co-led by Axon Ventures and Robert Bosch Venture Capital (the VC arm of Bosch Group). Existing ...
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Staff at British banks 'forced to turn off NHS Covid tracing app at work' Branch staff at some of the UK's biggest banks say they are being put at risk by rules that require them to keep their phones in lockers at work, leaving them unable to use the NHS Covid-19 contact tracing app. Lloyds and TSB are among the lenders advising ...
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Take A Tour of One of Wisconsin's Most Haunted Places For some, like myself, Halloween is all about dressing up and eating candy. For others, who are far more adventurous than I, (that's the nice way of saying I'm a huge wimp), Halloween is all about going places to get the crap scared out of them. If you're the ...
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IMF: Ending lockdowns no guarantee of quick economic rebound WASHINGTON, Oct 8 — Business shutdowns amid the coronavirus pandemic imposed an economic cost, but removing restrictions is no guarantee of a quick recovery unless the virus is defeated, the IMF said today. Voluntary social distancing played nearly ...
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Edmunds compares 2020 Honda CR-V and Toyota RAV4 hybrids (AP) -- The Toyota RAV4 Hybrid is the brand's best-selling hybrid, with 2019 sales outpacing even those of the Prius. It provides significantly higher fuel economy -- an estimated 40 mpg combined -- than the regular RAV4 SUV with minimal compromise.
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Shelby County COVID-19 cases increase by 82; over 1400 active cases reported SHELBY COUNTY, Tenn. (WMC) - The Shelby County Health Department reported 82 new COVID-19 cases Thursday morning -- a noticeable decrease compared to the last two updates reporting over 200 new cases. The county has only seen one additional ...
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