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Oil rises but remains rangebound as OPEC cuts offset virus fears SINGAPORE (Reuters) - Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling U.S. oil inventories. FILE PHOTO: Crude ...
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How to Keep Your Cool in the GameStop Market Signs of irrational exuberance abound. Stay sober and invest for the long run, our columnist says.
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Chevron falls to fourth-quarter loss on weak refining, charges HOUSTON (Reuters) -U.S. oil major Chevron Corp on Friday swung to an $11 million fourth-quarter loss and missed Wall Street expectations as low margins on fuel, acquisition costs and foreign currency effects overwhelmed improved drilling results.
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J&J, Novavax COVID Vaccines Work Well, But Weaken Against a New Variant FRIDAY, Jan. 29, 2021 (HealthDay News) -- Two widely anticipated new COVID-19 vaccines -- from Johnson & Johnson and Novavax -- appear to halt infections in places where more contagious variants are circulating, new trials show.
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I checked Apple's new privacy 'nutrition labels.' Many were false. Not necessarily. I downloaded a de-stressing app called the Satisfying Slime Simulator that gets the App Store's highest-level label for privacy. It turned out to be the wrong kind of slimy, covertly sending information — including a way to track my iPhone — to ...
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FDA Extends Review of Biogen, Eisai's Alzheimer's Drug "We are committed to working with the FDA as it completes its review of the aducanumab application," Biogen Chief Executive Michel Vounatsos said. The drug is a monoclonal antibody derived from the immune cells of ...
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Survival Of The Fittest And Fastest - Profits Fall By 88% At H&M The world's second-biggest fashion retailer H&M has reported an 88% fall in profit and warned the pandemic was still hitting sales despite the pledge from the CEO that the business will come out of the crisis stronger. Profits slid 88.2% to £174.4 million in the ...
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LSE's Schwimmer Expects EU to Give Clearing Equivalence to UK London Stock Exchange Group Plc's chief said he expects the British capital to remain Europe's center for clearing trades, despite warnings from Brussels officials and governments on the continent. David Schwimmer said LSE's LCH unit, which cleared $1.1 ...
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Facebook to Begin Testing Advertiser Topic Exclusion Controls The new tools are aimed at enabling brands to ensure that their ads do not appear in News Feed next to topics that run afoul of their brand suitability preferences. The social network provided an example in a ...
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Score these 7 food deals, freebies on Super Bowl Sunday Super Bowl Sunday has become known as a day for football and gluttony. Watching the face off between Kansas City Chiefs and the Tampa Bay Buccaneers won't cost a thing, so stacking up the snacks shouldn't break the bank either. Typically, the sports ...
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Robinhood raises $1 billion of fresh funding from existing investors Robinhood's existing investors include venture capital firms Sequoia Capital and Ribbit Capital, who came together on Thursday night to offer the emergency funding, according to a New York Times report. Reuters could not immediately verify if ...
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3 Takeaways From Apple's Earnings Call Apple (NASDAQ:AAPL) reported strong fiscal Q1 results earlier this week, setting a new milestone for quarterly revenue. Sales topped $100 billion for the first time, coming in at a whopping $111.4 billion for the final quarter of 2020. Full-year revenue was ...
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Consumer spending slumps at the end of 2020 and bogs down economic recovery If there's a silver lining, spending didn't fall as much as expected. Economists polled by Dow Jones and the Wall Street Journal has forecast a 0.4% drop What's more, the decline in November was not as steep as originally reported.
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US Consumer Sentiment Cooled Slightly in Late January The University of Michigan's final sentiment index fell to 79 from a preliminary reading of 79.2 earlier in the month and 80.7 in December, data released Friday showed. The figure fell below the 79.4 median estimate in a Bloomberg survey of economists.
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Lilly Gains After Antibody Sales Boost Quarterly Earnings Eli Lilly & Co. rose Friday as sales of its Covid antibody treatment helped fourth-quarter profit and revenue beat analysts' estimates. Adjusted earnings for the quarter were $2.75 a share, Lilly said Friday, while analysts had expected $2.38 a share. Revenue ...
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Could domestic flights soon require a coronavirus test? Here's what officials say. And on the same day the rule went into effect, U.S. health officials said they are considering extending the testing requirement to domestic travelers flying within the United States. The Centers for Disease Control and Prevention's global ...
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J&J single shot sees 66% efficacy in moderate COVID-19, 85% in severe cases; shares fall That 66% headline hit J&J's shares hard, but the data (published via a press release, so caveats abound until peer reviewed in a journal) are better than they appear at first glance.
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Levi made its name in jeans but says that will be less of its business in the next 10 years During its quarterly earnings report this week, Bergh discussed the growing sales numbers for Levi items that aren't jeans. For example, 21% of 2020 sales were shirts, compared with 11% in 2015. And accessories, shoes, and chino pants were 16% of sales in ...
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Pending home sales fall on the month, but the MidWest is hit the hardest Buyers are struggling to find a home to purchase, which is now constraining home-sales activity at a larger scale. Pending home sales have fallen again, as buyers face challenges due to the low number of homes for sale. Getty Images. Email icon; Facebook ...
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Jaguar Profit Jumps as China Sales Surge Drives Demand Jaguar Land Rover reported a 38% rise in quarterly profit as pent-up demand aided a recovery in markets led by China. Jaguar's profit before tax rose to 439 million pounds ($602 million) in the period ended Dec. 31 from the previous year, the British ...
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Mitek Systems (MITK) Q1 2021 Earnings Call Transcript We delivered significant new account wins and impressive existing customer expansion, all of which resulted in another record quarter. First-quarter revenue was a record $26 million, representing growth of 18% year over year.
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Colorado Girl Scouts pivot cookie sales plan amid COVID-19 pandemic DENVER (KDVR) — Girl Scout cookies go on sale starting Sunday, but this year purchasing them will look a little different. Like many of Colorado's small businesses, Girl Scouts are also having to pivot their sales plans when it comes to doling out Girl Scout ...
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Federal disaster loans available for Nashville bombing victims Governor Bill Lee announced Friday the U.S. Small Business Administration will make its disaster loan program available in Davidson County for eligible applicants. "We are pleased the SBA will be able to help those who had their ...
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WCLC: AstraZeneca, Daiichi Sankyo's Enhertu shows more phase 2 lung cancer promise Right now, there are no HER2-targeting drugs approved in non-small cell lung cancer (NSCLC), but partners AstraZeneca and Daiichi Sankyo are hoping to change that. To that end, they rolled out encouraging phase 2 data Friday supporting antibody-drug ...
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General Motors Says It Will Stop Making Gas-Powered Vehicles by 2035 G.M.'s articulation of an electric future is a seismic shift for the auto industry, particularly the American auto industry, that had lagged behind competitors in the transition to more environmentally-friendly makes and models.
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Chip Shortages Hinder Automobile, PC, Consumer Electronics Production "We expect semiconductor industry supply constraints on both wafers and substrates to only partially ease in second-half 2021, with some leading-edge (computing, 5G chips) tightness to extend into 2022," BofA Securities semiconductor stocks analyst Vivek ...
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AAA: Speed matters when it comes to crash safety The AAA Foundation for Traffic Safety, the Insurance Institute for Highway Safety (IIHS) and test and sensor company Humanetics examined the effect of impact speeds of 40 mph, 50 mph and 56 mph on vehicles and crash dummies.
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SpaceX Being Investigated Over Hiring Discrimination Complaint The Department of Justice (DOJ) is investigating Elon Musk's SpaceX over allegations the company discriminated against non-U.S. citizens in its hiring practices. The department opened an investigation into SpaceX last June after receiving a complaint from a ...
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BBVA plans to buyback 10% of shares Banco Bilbao Vizcaya Argentaria SA plans to launch a buyback of about 10% of its shares as it makes returns to shareholders a key focus this year. The Spanish bank has agreed to sell its U.S. business, which should give it roughly 8.5 billion euros ($10.30 ...
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Phillips 66 posts $539 million loss in fourth quarter Phillips 66 said on Friday reported steep losses for the fourth quarter and the year as the coronavirus pandemic continued to depress travel and fuel demand. The Houston refiner said it lost $539 million in the last three months of the year, compared to a profit ...
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Wrong number leads to $150000 Powerball prize for Iowa couple Barbara Haley claiming the prize after the ticket that she and her husband Steve purchased matched four of five white balls and the Powerball in Saturday's drawing. She was one number away from winning that night's $23.2 million jackpot.
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Dish TV Q3 results: Reports net profit of Rs 86 cr Its revenue from the operation was down 6 per cent to Rs 815.67 crore during the quarter under review as against Rs 867.80 crore of the corresponding quarter. The company had reported ...
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Lowe's to Give Employees $80 Million in Bonuses, Add 50000 jobs MOORESVILLE, N.C. – Lowe's Hardware has announced it will take additional action to support its associates during the coronavirus pandemic. What You Need To Know. Lowe's Hardware is giving its employees $80 million in bonuses. Full-time workers at ...
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The iconic Jaguar C-Type is back in production The 1950s sports racer is celebrating its 70th birthday this year, hence the continuation. Back in 1951, the C-Type won the 24 Hours of Le Mans in its debut outing, the first of ...
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LG Electronics posts record earnings The strong performance by the South Korean consumer-electronics giant suggests extended periods of staying and working at home amid the pandemic provided strong support for demand. Net profit for the quarter was 262.30 billion Korean ...
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'Chances are basically zero' of recovering some Bitcoin passwords worth millions: cryptocurrency firm TORONTO -- Bitcoin, the ephemeral cryptocurrency currently experiencing a high on the market, has also provided some of the lowest of lows for those who forget or misplace the passwords to their digital wallets. Around 20 per cent of the existing Bitcoin ...
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Virus aid, no new taxes top US gambling industry 2021 goals Bill Miller, president of the American Gaming Association, the gambling industry's national trade group, said Thursday the industry also wants temporary liability protections as it continues to reopen amid the virus outbreak, and would like to see federal stimulus ...
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US private equity firm bids for UK pub group Marston's Marston's, the UK pub company, has received an informal takeover proposal from Platinum Equity, the Beverly Hills-based private equity firm whose founder Tom Gores owns the Detroit Pistons basketball team. The FTSE-listed pub group ...
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German financial oversight head out after Wirecard scandal Finance Minister Olaf Scholz said after the scandal erupted last year that he wanted to revamp the country's financial oversight system. One-time tech star Wirecard filed for protection from creditors through insolvency proceedings after admitting that 1.9 ...
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Siemens Gamesa expects strong 2021 offshore orders after empty Q1 MADRID, Jan 29 (Reuters) - Wind turbine maker Siemens Gamesa SGREN.MC said on Friday it expects strong order intake for its offshore division in 2021 despite receiving no orders in its first fiscal quarter for turbines to be erected in the sea.
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Ben & Jerry's releases 7 new ice cream flavors The ice cream chain describes the "Topped" flavors as "an ice cream sundae in a pint" that begins with a spoonable chocolatey ganache topping. 7 NEW ...
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Alstom completes Bombardier rail purchase for 5.5 bln euros PARIS, Jan 29 (Reuters) - French train maker Alstom ALSO.PA said on Friday it had completed its previously announced purchase of Bombardier BBDb.TO rail business, an acquisition that should make it the world's No. 2 in its industry behind China's CRRC ...
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McEwen Mining looks to bring Matheson gold deposit into production The Froome deposit is an extension of the Black Fox Mine, 11 kilometres east of the town on Highway 101. An underground access ramp is being driven and should reach the deposit by the middle of this ...
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AXIS Re hires Argo's Katie Partington Howarth as CUO AXIS Re, the global reinsurance business of specialty re/insurer AXIS Capital, has appointed Katie Partington Howarth, who was formerly at Argo, as the new Chief Underwriting Officer for all of its reinsurance activities. katie-partington-howarth-axis As Chief ...
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Google CEO Sundar Pichai says still early days of AI, real potential to come in place in 10-20 years Speaking at the World Economic Forum's virtual Davos Agenda Summit, he said COVID-19 itself has been a moment of reflection. "While you see the horrible impact around the world, you also see the ...
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Christian County Reports 49 COVID-19 Case Increase The Christian County Health Department reported an increase of 49 COVID-19 cases Thursday. There are currently 412 active cases in Christian County, with the most cases remaining in the 22 to 59 age range with 227. The health department reported 90 ...
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Sterling eases off recent highs as investors temper vaccine optimism The British pound retreated on Thursday from the multi-month highs it hit in the previous session, as investors tempered some of their optimism about COVID-19 vaccinations in the UK. Sterling surged to its highest since May 2018 against the dollar in early ...
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J&J pushes new amivantamab data for NSCLC subset, trying to bolster case for quick FDA approval Researchers provided an update on a Phase I amivantamab cohort targeting patients with EGFR exon 20 insertion mutations, a little over a month after presenting a smaller amount of data at ASCO. Though the first EGFR inhibitors were ...
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Meet the man behind the Barstool Fund, which rescued several Michigan small businesses DETROIT - Dave Portnoy has been on a mission to save small businesses on the verge of collapse during the COVID-19 pandemic. So far, his charity has helped nearly 200 businesses nationwide, including several in Michigan. Portnoy was in town for the ...
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Celebrating National Puzzle Day at Thinker Toys PORTLAND, Ore. (KOIN) — Friday is the perfect day to do a little brain exercise — because it's National Puzzle Day! Whether it's a crossword, sudoku, or jigsaw, puzzles engage our brain and are a great way to pass time in quarantine. Kohr Harlan went out to ...
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