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Pace of home-price growth is 'unsustainable' in many global cities, warns UBS The coronavirus pandemic may have triggered the worst global downturn in more than 60 years, but home prices in the world's biggest cities still have shot higher into the stratosphere. Instead of a plunge, it's been four quarters in a row of home-price growth ...
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Alaska Airlines to furlough or lay off more employees as COVID-19 grips travel industry As federal aid for airlines runs out and negotiations over more coronavirus relief stall, Alaska Airlines has begun cutting nearly 450 more flight attendants and other employees from its payroll while borrowing $1.3 billion from the U.S. Treasury. The furloughs ...
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US Jobless Claims Hold Steady for Fifth Straight Week New applications for unemployment benefits in the U.S. fell slightly last week but remained between 800,000 and 900,000 for the fifth straight week, reflecting a labor-market recovery that is losing momentum. Your browser does not support the audio tag.
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Carnival Cruise Line cancels all cruises set to sail out of Galveston for 2020 due to COVID-19 concerns GALVESTON – If you were looking to catch a Carnival cruise out of Galveston soon, you'll have to wait. On Thursday, Carnival Cruise Line stated that some of its cruises from all U.S. homeports, except Miami and Port Canaveral, are canceled for November ...
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Twilio shares rise as it forecasts more quarterly revenue than expected Shares of cloud communications company Twilio rose as much as 10% in extended trading on Thursday after the company said in a filing that it expects more third-quarter revenue than the $401 million to $406 million range it had provided in August. Analysts ...
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'Undercover Boss' visits Dallas restaurant for 'powerful' adversity lesson airing Oct. 2 Self-described introvert Ray Blanchette was nervous about going on Undercover Boss. The CBS TV show, which premieres its 10th season Oct. 2, takes the TGI Fridays CEO into his own restaurants, with the cameras rolling, to get an "unvarnished look" at ...
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US gaming platform Roblox prepares to go public Roblox is working with investment banks to prepare for a U.S. stock market listing that could come early next year. · The online gaming platform expects could double its recent $4 billion valuation, people familiar with the matter said.
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Playboy inks deal to go public via blank-check company Playboy has signed a deal to become a public company — yet again — in a deal that values the iconic brand at $412 million. Playboy on Thursday said it signed a deal to go public through a merger with Mountain Crest Acquisition Corp., a special purpose ...
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Boeing decision to move 787 line out of Everett impacts state economy, local workers In the wake of Boeing officially announcing that it will be moving all of its 787 production out of Everett and consolidating it in South Carolina, local leaders and workers are reacting. Boeing officially announces plan to move 787 production out of Everett.
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FDA expands probe into safety of AstraZeneca's COVID-19 vaccine The FDA has expanded its investigation into AstraZeneca's COVID-19 vaccine to include data from clinical trials of prophylactics based on the same viral vector platform, Reuters reports. AstraZeneca quickly gained regulatory clearance to resume dosing in ...
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Treasury Department warns against paying hackers involved in ransomware attacks The Treasury Department on Thursday issued two adversaries highlighting the dangers of ransomware cyberattacks, and warning against paying ransoms demanded by hackers. Both the agency's Office of Foreign Assets Control (OFAC) and Financial ...
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NC launches program to help small businesses harmed by COVID-19 RALEIGH, NC (News Release) — North Carolina minority and women-owned businesses hit hardest by the COVID-19 pandemic will have access to guidance and $12 million in grants to help them weather the crisis, Governor Roy Cooper announced today.
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Some Manhattan Landlords Offer New Tenants Free Rent Through 2020 Amid Glut Of Empty Apartments Manhattan renters have gained the upper hand over landlords, who are desperately trying to lure tenants with financial incentives amid an unusually high vacancy rate caused by an exodus of New York City residents during the coronavirus pandemic.
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Hims will join public markets via merger with Oaktree's 'blank check' company Consumer-friendly telehealth and mail-order wellness product service Hims is officially entering the public markets. Today it announced a merger agreement with Oaktree Capital Management-sponsored special purpose acquisition company (SPAC) Oaktree ...
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GE toasters and blenders are back for the first time in 35 years The General Electric brand's famous cursive logo is a common sight on major household appliances, including washing machines and refrigerators. But it hasn't been emblazoned on its own smaller appliances for 35 years. That's about to change.
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Frisco company raises over $50M in A round, including from Jerry Jones-tied firm A Frisco payments company with backing from a Jerry Jones fund is getting a big-time A round. Payrix announced Thursday that it has raised more than $50 million in the funding effort while also shaking up the leadership. That amount includes $22 million ...
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CU Boulder expands coronavirus surveillance testing University of Colorado Boulder will expand coronavirus surveillance testing to include some off-campus students and more employees starting Monday. Until now, surveillance tests have only been available to students living on campus and front line ...
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Lottery winner out of luck when ticket gets lost in mail A woman who won $1,000 in a second chance lottery drawing isn't getting her prize because the certified letter she sent to the Florida Lottery's headquarters never arrived. RIDGE MANOR, Fla. (AP) — A woman who won $1,000 in a second chance drawing ...
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Chicago-area layoffs during coronavirus pandemic ripple throughout city's economy, job placement firm says CHICAGO (WLS) -- Job cuts were expected Oct. 1, and airlines, entertainment and leisure seem to be the industries hit hardest. Andy Challenger from Challenger, Gray and Christmas, an executive outplacement firm, joined ABC 7 Chicago Thursday morning ...
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Tefal Black Friday Deals: What To Expect From Black Friday 2020 Known for its range of non-stick pans and innovative Actifry, Tefal is the type of the brand that caters for absolutely everyone. It's stocked in pretty much every major retailer (and e-tailer), and products tend to be very reasonable in price. But, as much as we ...
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One Silicon Valley 'blank check' IPO scores $450M, another files to raise $200M The record year for "blank check" IPOs continued on Thursday, with one from Menlo Park raising $450 million while another from Palo Alto filed plans for a $200 million offering. A dozen special purpose acquisition companies (SPACs) have now raised funds ...
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Remington sale details, including impact on Ilion plant, 'going to take some time' The sale of the Remington Arms plant in Ilion to Roundhill Group LLC is in a "quiet period," Billy Hogue, Remington's vice president of operations, said Thursday. The apparent sale is the latest chapter for the Remington Outdoor Company, which has sites in ...
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Liquor Nerd: Fall means it's pumpkin spice cocktail season As you've done countless times over the years, blame Starbucks. But first think of all that the Seattle-spawned coffee giant has given you since it roared into Vancouver in the late '80s. If you're like the rest of the us in the Cult of the Green Apron, the gifts start ...
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Stimulus Check Update: What's The Latest On A Second Payment Package? (CBSNewYork) — Stimulus discussions are back on the table in Washington. Late last week House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin suggested they would soon continue talks about a possible second stimulus package. Such a ...
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NHTSA: No change in fatal crash stats for large trucks Statistics from the National Highway Traffic Safety Administration reveal no significant change in fatality crashes involving large trucks from 2018 to 2019. Actually, fatality crashes involving at least one large truck went from 5,006 in 2018 to 5,005 in 2019.
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Watch what happens when a driver-assist car is given control Driver assistance technology may have moved into the fast lane, but as ITV News Consumer Editor Chris Choi found out, taking a backseat could have alarming consequences. The world's first tests for driver-assist technology were launched on Thursday, ...
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Chicago's Ever-Popular Christkindlmarket Going Virtual This Year CHICAGO (CBS) — Daley Plaza won't be filling with the scents of hot spiced wine, roasted nuts, and bratwurst this holiday season, as the popular Christkindlmarket becomes the latest tradition to move online due to the pandemic. Organizers of ...
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Hard seltzer a bright spot as Constellation Brands sees decline in second quarter sales U.S.-based alcohol giant Constellation Brands Inc. reported a decline in year-over-year sales for its fiscal second quarter on Thursday, but saw bright spots in the form of rising beer shipments to retailers and better than expected results from its Corona Hard ...
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Congressional Democrats say they're being blocked from visiting Kearny mail center New Jersey's Democratic delegation to the House of Representatives said they are being barred from visiting a mail distribution center in Kearny amid concerns about the integrity of the postal service weeks before the election. In a Sept. 30 letter to ...
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