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SoftBank to Invest $100 Million in Miami Companies New investment could help advance the South Florida ecosystem in greater Miami. The region attracted a total of $1.06 billion in venture investment in its startups last year, according to research firm PitchBook, representing a small portion of the $156 billion ...
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10000 stores are expected to close in 2021, as pandemic continues to pummel retailers As of Jan. 22, Coresight said, retailers in the U.S. have already announced 1,678 closures, which include ones by Bed Bath & Beyond, Macy's and J.C. Penney. In 2020, Coresight tracked 8,741 ...
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US Economy Shrank 3.5% in 2020 After Growing 4% Last Quarter WASHINGTON (AP) — Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. For 2020 as a whole, a year when the coronavirus inflicted the ...
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GameStop Short Squeeze Hit From Unexpected Angle, Not Regulators But Brokerages Robinhood users can't purchase GameStop stock as of this morning. This extreme measure from an unexpected source might tame the activity we've seen in recent weeks. Robinhood Blocks Purchases. Free online ...
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Why AO Smith Stock Rose as Much as 14% at the Open Today However, when the final tally came in, the number was $0.74 per share, a material bottom-line beat. On the top line, Wall Street was projecting revenue of roughly $770 million, with A. O. Smith reporting $834 million, another solid beat.
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Tesla 2021: What we expect to see from Elon Musk and company Having said all of that, let's take a look at why 2021 is expected to be such a grand year for the electric carmaker. Before we dive in, a caveat: Some of the items below were initially promised for last year -- if not multiple years ago.
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Spirits Sales Rose Overall In 2020, Despite The Pandemic The Distilled Spirits Council released its annual economic report for 2020 this morning. Unsurprisingly, the report noted the pandemic and major shifts in customer behaviors as having a negative impact on sales throughout the year. However, overall the ...
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Mortgage rates drift lower as investors worry about pandemic According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 2.73 percent, with an average 0.7 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It ...
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Airlines close books on rotten 2020 and so far, 2021 is grim DALLAS — Southwest Airlines lost $3.1 billion last year, its first full-year loss since Richard Nixon was president and gasoline sold for about 36 cents a gallon with no extra charge for the attendant who cleaned your windshield. 2020 was a disaster for airlines ...
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Qualtrics IPO Prices Above Target Range Despite Disclosure Hiccup The deal ran into a last-minute hiccup, now addressed, when SAP (ticker: SAP) CEO Christian Klein made some comments to media outlets about recent growth at Qualtrics that were not quite true. He told reporters that revenue at Qualtrics had doubled since it ...
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VW's EV Sales Target Suggests Tesla Gap Could Close This Year The German carmaker aims for battery-electric vehicles to be 6% to 8% of sales this year, up from about 3% in 2020, according to a presentation by Chief Executive Officer Herbert Diess that was published on VW's website.
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Apple CEO lambasts tech rivals ahead of privacy update SAN RAMON, Calif. (AP) — Apple CEO Tim Cook lambasted social media companies, though without naming them, accusing them of prioritizing user attention and data collection at the cost of allowing and even rewarding dangerous conspiracies, extremism ...
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Medigene shares sag as it axes TCR-T blood cancer drug, with COVID-19 partly to blame German biotech Medigene saw its shares drag down 7% into the red Thursday after it decided to cull one of its T-cell receptor modified (TCR-T) cancer assets after delays by COVID-19 restrictions hampered its efforts. The therapy, MDG1021, which targets the ...
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Production facility for aluminum cans set to create 126 jobs in Henry County "We are thrilled to see a longtime Virginia employer and Fortune 500 company like Crown Holdings select Henry County for its new East Coast manufacturing operation," said Governor Northam. "The addition of 126 high- ...
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Peacock Hits 33 Million Sign-Ups, NBCU Earnings Drop Despite Film Profit Increase NBCUniversal streaming service Peacock has reached 33 million sign-ups, parent company Comcast said on Thursday in its latest earnings update. NBCUniversal CEO Jeff Shell had told an investor conference in early December that streamer Peacock ...
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Bank cop halts Trump rule boosting loans to private prisons, energy industry A key bank regulator on Thursday halted a last-minute, Trump-era rule that would prevent big banks from denying loans and other services to entire industries like energy or private prisons, a regulation that had drawn ire not just from Democrats but from ...
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You Won't See Budweiser, Coke or Pepsi Super Bowl Commercials This Year… But Here's What You Will See Budweiser's decision to skip its usual big ad showcases the caution with which some advertisers are approaching the first COVID-era Super Bowl. By Eric Hinton • Published 6 mins ago. This image provided by Budweiser shows two health care workers ...
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American Airlines Stock Enters the Short-Squeeze Fray. It's a 'Retail Hijacking.' American Airlines Group stock (ticker: AAL) soared after the company reported earnings Thursday morning. Shares of American rose as much as 20% in early trading, though recently pared some of those gains to trade 10% higher at around $18.
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Barstool Sports, Greektown Casino raise $3.15 million for Michigan small businesses Dave Portnoy responds to praise, criticism after Detroit visit · Half a dozen local small businesses have received funding · Portnoy expects Barstool Sports to be major player in market.
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Altria Launches New $2 Billion Stock Buyback as Q4 Sales Beat, Profits Miss Altria Group (NYSE:MO) reported its cigarette business has held up spectacularly during the COVID-19 pandemic, with fourth-quarter sales rising 5% to $6.3 billion and handily beating analyst expectations. But the tobacco giant's investments in electronic ...
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Hedge funder at center of GameStop controversy recently bought 'dream' Miami Beach home The owner of the hedge fund at the center of the GameStop trading controversy recently purchased a home for $44 million in Miami Beach, according to city and county documents. Gabriel Plotkin, founder of New York-based Melvin Capital, bought the existing ...
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German draft adds to spotlight on AstraZeneca vaccine in EU BRUSSELS — As the European Union's medicines regulator prepared to consider clearing AstraZeneca's COVID-19 vaccine for use, a draft recommendation Thursday from a German expert committee called for offering it only to under-65s for now — adding ...
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Walmart will add automated micro-fulfillment to dozens of stores The company will test a variety of configurations across multiple tech providers, including Alert Innovation, Dematic and Fabric. Some of Walmart's "local fulfillment centers," for example, will appear in existing store space, while others will be added on to the ...
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Renters and landlords wait, eagerly, on $200M in federal housing aid Following the expiration of federal rent relief last month, New Hampshire housing advocates cheered the inclusion of $200 million for renters in Congress' latest stimulus package. But the status of that aid — when it will arrive and how it will be distributed ...
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County Board Moves to Provide Relief to Arlington Taxicabs At Tuesday's meeting, the Board passed a motion to waive 2021 certificate fees for up to 50 cabs per company, as well as for all wheelchair accessible taxicab vehicles. For those companies that have more than 50 cabs, a reduced annual fee of $50 per cab, ...
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Long Island home sales spike in Q4 Long Island home sales https://therealdeal.com/2020/12/18/long-island-housing-market-remains-hot-as-winter-sets-in/ and prices surged in the fourth quarter, with demand particularly strong in the Hamptons and the North Fork. In the Hamptons, the median ...
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Central NY weekly positive Covid rate falls below 4% for 1st time since November Central New York's seven-day average positive rate has been steadily declining since reaching over 9% at points earlier in January. Yesterday's rate was the second-lowest in the state, behind only the Southern Tier at 2.6%.
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Netwalker Ransomware Site, Emotet Botnet Taken Down in Global Effort Both of the actions occurred on Wednesday, January 27 and mark a significant hit to two massive threats that pummeled a range of sectors. Netwalker has been a particular bane to the healthcare industry. It's healthcare ...
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Good Shepherd Food Bank announces $250M Campaign to End Hunger The organization's leaders say the campaign goal is as extraordinary as the problem itself. Before the pandemic, the Food Bank estimated that 175,000 Mainers were at risk for hunger, and now that number could climb upwards of 215,000 — or 16 percent of the ...
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Pair of Powerball tickets worth $50K sold at NJ ShopRite, 7-Eleven The third-prize tickets were bought at ShopRite on Shrewsbury Avenue in Shrewsbury and 7-Eleven on Mantoloking Road in Brick, New Jersey Lottery officials said. Each matched four numbers plus the Powerball. Wednesday's ...
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Permanent outdoor 'streateries' under construction in OTR The construction of outdoor "streateries" is underway as the city of Cincinnati converts temporary outdoor dining areas into permanent fixtures to expand restaurants capacity amid restrictions put into place due to Covid-19. The city in conjunction with the ...
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Tesla Is Dropping, GameStop Is Jumping, and the Stock Market —Thankfully — Is Quiet The major stock indexes were mixed Thursday morning, but thankfully quiet following a rough Wednesday. Futures on the Dow Jones Industrial Average have risen 13 points, while S&P 500 futures have dipped 0.2%, and Nasdaq Composite futures have ...
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BlackRock CEO Warns Businesses Will Suffer without 'Net-Zero' Transition Plan The climate transition presents a historic investment opportunity, one that will enable the continuation of a massive acceleration of capital towards companies better prepared to address climate risk, wrote BlackRock chairman and CEO Larry Fink in his annual ...
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Buh-bye, skinny jeans: Levi's is embracing a baggy look "I think we're kind of leading this trend to some extent," Levi Strauss CEO Chip Bergh told analysts Wednesday on a call discussing the company's fourth-quarter results. "The line that we launched [is] a loose-fit line this past season. It's in our stores now [for] both ...
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5 Things to Know About Your Employees Now 1. DOL final rule · 2. Voluntary extension of paid sick leave and family leave · 3. Employee retention credit · 4. Withholding for employees' deferred Social Security tax · 5. Work opportunity credit · Conclusion New rules for employees may impact payroll costs.
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The Athletic And BetMGM Announce Exclusive Sports Betting Partnership With more than one million subscribers around the world, The Athletic's readers have access to coverage of nearly 300 professional sports and collegiate teams and clubs in the U.S., Canada and the UK. An editorial ...
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BYND Stock: Beyond Meat Shares Sizzle on Big Pepsi Partnership Ethan Brown, founder and CEO of BYND, said this about the news boosting its stock up today. "We are thrilled to formally join forces with PepsiCo in The PLANeT Partnership, a joint venture that ...
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4-year-old Virginia boy befriends baby deer while playing outside MASSANUTTEN, Va. (WWBT) - It's an experience Stephanie Brown and her son Dominic will never forget after he brought home a new friend he made while playing outside. As the Westmoreland County family was packing up to leave their rental in ...
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Chipotle is testing curbside pickup Restaurants in the pilot program are in in Cupertino, San Jose, Palo Alto and other cities. If all goes well, the service could start rolling out to other areas in a matter of weeks, said Curt Garner, the company's chief technology officer.
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Kraft has pink candy Macaroni & Cheese for Valentine's Day (WFSB) - Roses are red. Violets are blue. Kraft Macaroni & Cheese is usually yellow. Now it's 'as sweet as you.' Kraft unveiled a pink-colored "candy" flavored Macaroni & Cheese flavor ahead of Valentine's Day. "This limited-edition flavor boost will romance ...
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ARCH announces largest fund yet, raising $1.85B to back mental health, cell and gene editing approaches This time, he said, there's no message other than what they've been saying for years. "It's just a continued confidence in basic science, and innovation that's happening in ...
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Love your job? Brag about it: Top Workplace nominations due soon The Post-Dispatch is kicking off its 10th annual Top Workplaces contest now, in the midst of a pandemic, believing that there is no more essential time to celebrate teamwork, leadership and workplace culture. "In times of great change, it is more important than ...
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Hundreds of IPOs stuck in China's regulatory logjam Backlogs of applications for initial public offerings reemerged in China as regulators tightened scrutiny following Ant Group's surprise listing suspension, forcing several companies to cancel their share sale plans. A total of 14 companies that planned to list on ...
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New hunting and fishing license system unveiled for Pennsylvania Continuing its annual December tradition, the Pennsylvania Fish and Boat Commission is offering licenses for the coming year a month early. Facebook Share. Twitter Share.
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Red Lobster's Super Bowl Game Day Bundles Come With Free Cans Of Pepsi Starting February 1 through February 7, Red Lobster will offer two Big Game Bundles: CYO and Ultimate. The CYO bundle includes a choice of three seafood favorites, two large sides, eight Cheddar Bay Biscuits, and a free Pepsi 4-pack.
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Emotet malware taken down by global law enforcement effort The infamous botnet has been disrupted thanks to an international effort across the US, Canada, and several European nations. malware in a computer system. Image: kaptnali, Getty Images/iStockphoto. One of the most pervasive, dangerous, and disruptive ...
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Central Bank Coins: Emerging Markets Lead the Way Projects of public digital currencies enjoy high priority among central banks. In the emerging markets in particular, these are being pushed forward – for a specific reason. A full 86 percent of central banks surveyed by the Bank for International Settlements ...
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Schneider Electric included in Bloomberg Gender-Equality Index for fourth consecutive year This unique barometer of gender-equality performance provides transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) data available to investors. " ...
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First Majestic gets break in opening round of Mexico tax case First Majestic Silver Corp. won a reprieve on criminal tax fraud charges in initial Mexican court hearings for a case that will test the strength of the country's crackdown on tax evasion, according to people familiar with the matter. A judge in Mexico City ...
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AEI acquires UAV Factory AE Industrial Partners LP has acquired Riga, Latvia-based UAV Factory, a tactical UAV design and manufacturing company. No financial terms were disclosed. PricewaterhouseCoopers served as financial advisor to AEI while Houlihan Lokey was the ...
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