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COVID-19 pummels US economy in 2020; performance weakest in 74 years WASHINGTON (Reuters) - The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the COVID-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty.
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Commerzbank to Cut 10000 Jobs as CEO Knof Drops Growth Plan Commerzbank AG is proposing a major restructuring that will include 10,000 job cuts as new Chief Executive Officer Manfred Knof prioritizes cost reductions over efforts to boost revenue. The lender on Thursday outlined the cornerstones of its new strategy, ...
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ECB Says EU Fund Could Boost Economy by Either 1.5% or Almost Nothing The European Union 750 billion-euro ($908 billion) recovery fund will deliver its greatest impact by being used on "productive public investment," which would boost wages and private investors' returns, the ECB said in a paper on Thursday.
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What You Need To Know About The Facebook Antitrust Lawsuit The U.S. government has the power and the responsibility to prevent corporations from becoming monopolies. According to the government, Facebook is becoming a social media monopoly. In December 2020, the Federal Trade Commission (FTC) and 46 ...
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Where to order chicken wings for the Super Bowl Chicken wing lovers can be intensely discriminating when it comes to wing preparation, sauce, rub and condiments. Below is a guide that should cover all the bases: 11 places offering wings worthy of your stained shirts and fingers.
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Yes, a Stock Can Have Short Interest Over 100% -- Here's How Recent events have thrust the practice of selling a stock short into the spotlight. With companies like GameStop (NYSE:GME) and AMC Entertainment Holdings seeing their shares soar as the result of short squeezes, everyone's getting an education about the ...
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Jittery Oil Market Questions Shale's Vow to Keep Supply in Check Shale producers swear this time is different. After years of profligate spending and unchecked output helped trigger a series of oil-price crashes, U.S. explorers say they've learned from their ...
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GM hopes to eliminate gas vehicles, have all-electric portfolio by 2040 General Motors "aspires" to have all of its global new light-duty vehicles, including full-size pickups and SUVs, be zero emission by 2035. It also targets 2040 for its global products and plants to be carbon neutral. GM made the announcements Thursday, ...
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3 Little-Known Ways Your Credit Card Company Can Help You You may be surprised by the ways your credit card company can make your life easier -- and help your credit score improve. Whether you have a number of credit cards or just a single card, it's easy to regard the issuer behind it as a business rather than an ...
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National Taiwan University Hospital Presents Data on Nu.Q™ Assay Performance at the World Conference on Lung ... AUSTIN, Texas, Jan. 28, 2021 /PRNewswire/ -- VolitionRx Limited (NYSE AMERICAN: VNRX) ("Volition"), a multi-national epigenetics company developing simple, easy to use, cost effective blood tests to help diagnose a range of cancers and other diseases ...
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A Record 10000 Retail Stores May Close This Year As Pandemic Keeps Shoppers Away From Brick-And-Mortar ... A record 10,000 retail stores will likely close in 2021, according to analysis by one research firm, in the latest sign of the negative impact of the Covid-19 pandemic on brick-and-mortar locations as consumers stay home. Florida-based Investment Firm Buys ...
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Austin To Use Money Cut From Police Budget To Buy Hotel For Homeless Population Austin will use some of the money redirected away from the city's police budget last summer amid Black Lives Matter protests, to purchase a hotel that will be turned into permanent supportive housing for people experiencing chronic homelessness, the city ...
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Vaccine Factory Inspected Amid EU Dispute With AstraZeneca BRUSSELS (AP) — Belgian health authorities said Thursday they have inspected a pharmaceutical factory to determine whether expected delays in the deliveries of AstraZeneca's coronavirus vaccine are actually due to production issues amid a heated ...
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GRAINS-Corn futures firm near 7-1/2 high year as China stays in focus (Updates with European trading, changes byline/dateline) By Gus Trompiz and Mai Nguyen PARIS/HANOI, Jan 28 (Reuters) - Chicago corn futures were higher on Thursday, trading, near a 7-1/2 year high, as rising demand from China continued to support ...
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Why Shares of American Airlines Are Soaring Today Before markets opened, American said it lost $3.86 per share in the fourth quarter on revenue of $4 billion, besting analyst expectations for a $4.11-per-share loss on revenue of $3.88 billion. Revenue during ...
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Here's Why Amazon Will Never Be a Dow Jones Industrials Stock The Dow Jones Industrial Average has existed for 125 years and is one of the most widely recognized stock market indexes in the world. While many investors believe the purpose of the index is to generally represent the ...
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Better Buy: Pfizer vs. BioNTech The case for Pfizer. We obviously have to put COVID-19 vaccine Comirnaty (BNT162b2) at the top of the list for why investors would want to consider buying Pfizer stock. Pfizer and BioNTech expect to produce up to 2 billion doses of the vaccine this year. They'll ...
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Cooking Coconut Milk Market to hit $655 million by 2026, Says Global Market Insights, Inc. Cooking Coconut Milk Industry is expected to register more than 8.5% CAGR through 2026, helped by extensive application in food and beverage industry including curries, soup, whipped cream, cakes & pastries, donuts, rolls and dessert.
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Why Ice Cream Soared in Popularity During Prohibition A song from a Pacific Ice Cream Manufacturers Convention song in 1920 declared, "Gone are the days when Father was a souse," and that now, instead of beer, he brings home a brick of ice cream.
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Robinhood, TD Ameritrade, other trading platforms restrict GameStop and other Reddit stock picks TD Ameritrade said it placed restrictions on certain types of trading activity on the companies "in the interest of mitigating risk for our company and clients." Advertisement.
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Samsung boosts profits despite a drop in smartphone sales Samsung fared less well with its own smartphones, as sales were down 11 percent over Q4 2019. However, the company expects its mobile division's revenue to rise next quarter powered by the recently-launched Galaxy S21.
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Strong US sales give McDonald's a boost in Q4 But it was costly to get there, and the fast food giant fell short of Wall Street's earnings and sales expectations for the fourth quarter. Revenue fell 2% to $5.3 billion, below analysts' forecast of $5.4 billion, according to FactSet.
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Tesla (TSLA) Under Pressure After Missing EPS Estimates Tesla, Inc. (TSLA) is trading lower by 3% in Thursday's pre-market after missing fourth quarter 2020 profit estimates by $0.23 per share, earning just $0.80 per share. Revenue rose 44.9% year over year to $10.7 billion, greater than $10.38 billion consensus ...
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Facebook (FB) Q4 2020 Earnings Call Transcript Facebook (NASDAQ:FB) Q4 2020 Earnings Call Jan 27, 2021, 5:00 p.m. ET. Contents: Prepared Remarks; Questions and Answers; Call Participants. Prepared Remarks: Operator. Good afternoon. My name is Mike, and I will be your conference operator ...
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Walmart Overhauls Media Unit in Push to Become Ad Titan Walmart Inc. plans to ramp up growth in its digital media business as the world's largest retailer seeks to become a top-ten advertising platform in the U.S. within five years. The media group, which will be renamed Walmart Connect, will offer targeted ads on ...
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Alliance Data Signs Multi-Year Renewal Agreement With Long-Standing Brand Partner Arhaus Arhaus provides globally inspired, heirloom quality furniture and décor for the entire home with a commitment to sustainably sourcing its materials. Known for its high-end furnishings and upholstery, superior customer service and value-rich ...
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Fighting rise in unemployment fraud in Indiana The Indiana Department of Workforce Development is warning about unemployment fraud. Commissioner Fred Payne spoke about it during the governor's weekly Coronavirus update. Payne reported Indiana's unemployment rate is at 4.3%, the lowest of the ...
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DC area now the nation's 4th most valuable housing metro As home values continued to rise throughout 2020, gains in the D.C. region outpaced many other large metros — and as a result, the D.C. metro is now the fourth most valuable residential market in the nation. Zillow reports the D.C. metro housing market ...
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PPL Corporation Continues to Earn Top Marks in 2021 Corporate Equality Index "Uijt ipops sfgmfdut QQM't foevsjoh dpnnjunfou up fncsbdjoh ejwfstjuz boe jodmvtjpo boe bewbodjoh frvjuz gps bmm – op nbuufs zpvs hfoefs, sbdf, fuiojdjuz ps tfyvbm psjfoubujpo. Xf voefstuboe xf bsf tuspohfs xifo xf dsfbuf b dvmuvsf jo xijdi pvs fnqmpzfft opu ...
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Patrick Payton on the state of the oil and gas industry MIDLAND, Texas — Midland mayor Patrick Payton believes that the oil and gas industry is the backbone of building towards an energy future. He also said that people need to stop demonizing the industry. This all comes in the wake of President Biden's ...
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Lowe's another announces $80M in worker bonuses, to hire more than 50000 workers Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com. Lowe's Companies Inc. on Thursday announced plans to invest another $80 million in its frontline workforce through ...
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JetBlue: 4Q Earnings Snapshot LONG ISLAND CITY, N.Y. (AP) _ JetBlue Airways Corp. (JBLU) on Thursday reported a fourth-quarter loss of $381 million, after reporting a profit in the same period a year earlier. The Long Island City, New York-based company said it had a loss of $1.34 per ...
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Visits to Las Vegas may have fueled coronavirus spread, study finds "The data also shows strong correlations between the sickest counties and higher rates of travel to businesses along the Las Vegas Strip after New Year's, as well as earlier in December, when the new variant took hold.".
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AO Smith Issues FY21 Outlook - Quick Facts (RTTNews) - A. O. Smith Corporation (AOS) announced its full-year 2021 earnings guidance in a range between $2.40 and $2.50 per share. The mid-point of the guidance range represents an increase of 13 percent compared with 2020 adjusted earnings ...
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Other income boosts Maruti's profit up 24% With the product mix remaining skewed in favour of low-end cars, the Ebitda (earnings before interest, tax, depreciation and amortisation) margin declined 50 basis points y-o-y to 9.5%; the Ebitda increased by a modest 6% y-o-y to Rs 2,226 crore, on account ...
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Allegheny Technologies: 4Q Earnings Snapshot PITTSBURGH (AP) _ Allegheny Technologies Inc. (ATI) on Thursday reported a fourth-quarter loss of $1.12 billion, after reporting a profit in the same period a year earlier. The Pittsburgh-based company said it had a loss of $8.85 per share. Losses, adjusted ...
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More than 30 Michigan companies make 2021 Top Workplaces USA list According to a news release from Energage, the Philadelphia-based company behind the program, winners were chosen based solely on employee feedback gathered through an employee engagement survey. "Results are calculated by comparing the ...
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How this real estate brokerage's unique model generates more profit for agents The public is demanding a broker that offers the same cost savings and efficiencies in the real estate market that they receive everywhere else. Other areas of commerce have rushed to provide that demand, but real estate brokers have been reluctant to ...
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Aldi now selling Derby brewery's beers across UK to stop them going to waste Paul Harris, managing director at Derby Brewing, said it was great to be able to find a use for the beer in a year that his seen its main sources of income taken away by lockdowns and the Covid pandemic.
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Boosted by broadband, Comcast's fourth-quarter profits rise despite pandemic headwinds Comcast's overall revenue during the quarter was $27.7 billion, down 2.4% from the same period in 2019. The company ended the year with $103.6 billion in annual revenue, a 4.9% drop from the previous year. Comcast made $10.5 billion in profits in 2020, a ...
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Could Virgin Hyperloop carry its first Gulf passengers in 2030? Josh Giegel, the co-founder of Virgin Hyperloop and chief technology officer, told Arabian Business that the company is targeting certification by 2025 with the first passenger services potentially starting five years later.
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Diamonds unaffected by Covid-19 resurgence, but Anglo stops short of calling sustained recovery ANGLO American reported an improvement in production in the second half of 2020 with operations at 95% of 2019 rates. Recovery was the main feature of its fourth quarter production report today. Diamond demand was returning – although the group ...
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Norway's Johan Sverdrup oil output to reach 535000 b/d by mid-year: Lundin London — Norway's new Johan Sverdrup flagship oil field should reach output rates of 535,000 b/d from the middle of this year, ahead of second-phase production coming on stream in the fourth quarter 2022, field partner Lundin Energy said Jan. 28.
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Early Promise for Therapy Against Duchenne Muscular Dystrophy By Robert Preidt, HealthDay Reporter. (HealthDay). THURSDAY, Jan. 28, 2021 (HealthDay News) -- An experimental gene therapy for Duchenne muscular dystrophy shows promise, a small study suggests. The severe form of muscular dystrophy -- which ...
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