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After Lull, GameStop Shares Surge for a Second Day: Live Updates The Biden administration hopes Katherine Tai can heal divisions over trade. Unemployment claims dropped last week as coronavirus cases eased. The cryptocurrency giant Coinbase files to go public ...
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Stronger US Durables Orders Point to Solid Business Spending Core capital goods orders, a category that excludes aircraft and military hardware and is seen as a barometer of business investment, rose 0.5% after an upwardly revised 1.5% gain. Shipments of such goods jumped by the most in three months.
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North Carolina woman is accused of using her $149000 Covid-19 relief loan for shopping sprees Jasmine Johnnae Clifton, a 24-year-old Charlotte resident, appeared in federal court this week after being charged with two counts of fraud for using a business that had been dissolved to get Covid-19 relief funds, according to a release from the U.S. Attorney's ...
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For Energy Security, Power Is The New Oil By Mark Finley. The deep freeze that afflicted the center of the US last week caused massive power outages in Texas and surrounding states. The plight of millions without power and heat captured the headlines and attracted world-wide attention.
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US weekly jobless claims decline; business spending appears solid WASHINGTON (Reuters) - Fewer Americans filed new claims for unemployment benefits last week amid falling COVID-19 infections, but the near-term outlook for the labor market is unclear after winter storms wreaked havoc in the South region in the middle ...
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In China, an Electric Car Maker Loses Money but Thinks Big HEFEI, China — Walk around the sprawling auto factory in central China, and the wealth pouring into the country's electric car industry quickly becomes clear. Rows of bright orange, 15-foot-tall robots — 307 of them, mainly from Sweden — whir with activity.
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Goldman Sachs CEO David Solomon Calls For Workers To Return To The Office As we're nearing the end of the pandemic and preparing for the next phase for the future of work, there is still a great divide among companies over whether their employees will stay at home, come into the office or have a hybrid system of both options.
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Here's How Janet Yellen Should "Go Big" On COVID Relief This Friday, at a virtual gathering of G20 finance ministers, United States Treasury Secretary Janet Yellen has the opportunity to galvanize the world's largest economies to unlock potentially hundreds of billions in new support for COVID relief and recovery ...
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Amazon's Lack of Public Disclosure on SolarWinds Hack Angers Lawmakers Tech giant says it wasn't breached, but it is seen as having valuable data on the attack. From left to right, FireEye CEO Kevin Mandia, SolarWinds CEO Sudhakar Ramakrishna and Microsoft President Brad Smith speak before a Senate Intelligence Committee ...
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Yellen Urges G-20 Countries to Increase Support for Global Vaccination Efforts 'This is a moment made for action and for multilateralism'. Treasury Secretary Janet Yellen meeting with President Biden ...
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Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low Oil prices fell slightly on Thursday but hovered around their highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude futures ...
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Stocks Start Mostly Lower on Wall Street; GameStop Surges Stocks are off to a mostly lower start on Wall Street, led by drops in several big technology companies, while bond yields marched steadily higher as traders anticipate greater economic growth and more stimulus from Washington. The S&P 500 slipped less ...
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House members assail Big Tech (again), consider changes to antitrust law 'Mark my words: Change is coming. Laws are coming,' said subcommittee chairman David Cicilline. The House convened another panel on Big Tech firms and ...
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Virgin Galactic replaces CFO, adds new engineering leadership ahead of earnings report Virgin Galactic's personnel changes come with the company scheduled to report fourth quarter earnings results after the market closes on Thursday, a report that will include its 2020 financial performance.
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Mortgage rates surge higher for second week in a row According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 2.97 percent with an average 0.6 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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This Startup Just Raised $123 Million To Develop A New Way To Find Medicine "This approach really unlocks the potential to design breakthrough drugs," says CEO Fabrice Chouraqui. Cellarity was founded by venture firm Flagship Pioneering in 2017, and over the course of the past several years has ...
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3 Reasons to Buy T-Mobile Stock With its expansion, T-Mobile took a huge step in closing the size gap with its larger rivals, AT&T (NYSE:T) and Verizon (NYSE:VZ). As that growth continues, investors looking to profit from T-Mobile's success should focus their attention on three key factors: 5G, ...
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Anticipating 2021 Boom, Q4 GDP Revised up Slightly to 4.1% WASHINGTON (AP) — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any year in the past seven decades ...
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L Brands (LB) Q4 Earnings Surpass Estimates, Comps Rise 10% Although sales fell short of the Zacks Consensus Estimate, earnings surpassed the same. Impressively, both the top and the bottom lines continued to improve year over year. This prompted management to provide an upbeat earnings view for the first quarter of ...
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Fed's George says inflation could 'firm up quickly' after vaccinations Already 'some households might be surprised to hear that overall inflation is subdued,' Kansas City Fed president says. An occupational health practitioner prepares a dose of AstraZeneca COVID-19 vaccine. (AFP via Getty Images). Email icon; Facebook ...
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Energy executive to Texas lawmakers: 'This event has shaken me like no other' "Somehow we could not solve the riddle of a winter storm," said Curt Morgan, CEO of Irving-based Vistra Corp.
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Merck inks $1.9B Pandion takeover to square up against Amgen, Lilly and Roche Merck has struck a $1.9 billion deal to buy Pandion. The takeover will give Merck control of a pipeline of immune modulators led by a rival to IL-2 drugs in development at Amgen, Eli Lilly and Roche. Pandion went public last year, pulling in $135 million to fund ...
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Norwegian Cruise Line Racks Up More Losses as Ships Remain Sidelined. Shares Sink. Revenue plunged from $1.5 billion to $9.6 million "due to the complete suspension of voyages in the quarter," the company said in a release Thursday. The stock was at $29 and change, down about ...
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Tesla temporarily halts production at Model 3 line in California: Bloomberg News (Reuters) - Tesla Inc has told workers it will temporarily halt some production at its car assembly plant in California, Bloomberg News reported on Thursday, citing a person familiar with the matter. Workers on a Model 3 sedan production line in Fremont were ...
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Wayfair sales come up short, but the retailer says demand for home goods online is strong Wayfair reported fourth-quarter sales that came up short of expectations. The company said its count of active customers rose 53.7%, to 31.2 million, during the fourth quarter. But average order value fell slightly to $223 from $226 a year earlier. Niraj Shah ...
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Nearly a third of all Ohio unemployment claims this week believed to be fraudulent Nationally, the number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications for aid remain at a historically high level. Jobless claims declined by 111,000 from ...
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Detroit Chamber report: K-shaped recovery leaving metro Detroiters behind Unemployment and the economy are moving in the right direction as COVID-19 vaccines continue to abate the virus's destruction. For instance, new jobless claims in the U.S. were at the lowest point last week at 730,000 since the pandemic recession began ...
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More than a week after deep freeze, many in South still dealing with water problems For years, experts have warned of the need to upgrade aging and often-neglected waterworks. Now, after icy weather cracked the region's water mains, froze equipment and left millions without service, it's clear just how much work needs to be done.
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Australia's Qantas Airways expects to resume international flights in late October CANBERRA, Australia (AP) — Qantas Airways does not expect to resume international travel apart from New Zealand until late October after the Australian population is vaccinated for COVID-19, the airline's chief executive said on Thursday.
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Plug Power Stock Falls After Posting Negative Sales Fuel cells are attracting interest as a low-carbon alternative to gasoline for cars. Above, a look under the hood of a Toyota vehicle. Toru Hanai/Bloomberg. Hydrogen ...
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Anheuser-Busch Sees 'Meaningfully' Better 2021 as Beer Sales Recover. Why the Stock Is Falling. The company warned it would face margin pressures this year due to commodity prices and currency exchange rates - headwinds it experienced in the final quarter of 2020. The ...
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Target will add new Apple shops to some of its stores While building its own brands, Target has been forming relationships with legacy brands such as Disney, Levi Strauss & Co. and Ulta Beauty.
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France Extends Lifetime of Its Oldest Nuclear Reactors PARIS (AP) — France's nuclear safety authority agreed Thursday to extend the operational lifetime of the country's 32 oldest nuclear reactors by a decade to as much as 50 years. The public electricity company that operates the nuclear plants, EDF, is in ...
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Papa John's, Domino's Growth Cools as Pizza Loses Covid Bump Pizza -- the unofficial meal of 2020 for many locked-down consumers -- has finally slowed its meteoric rise. Papa John's International Inc. and Domino's Pizza Inc. on Thursday both reported same-store sales growth that missed estimates in the U.S. Although ...
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Borrowers with Fannie Mae, Freddie Mac mortgages can receive up to 18 months of forbearance, regulator says The FHFA also amended its separate payment deferral option for homeowners so they can now miss up to 18 months of payments. Homeowners can now pause their monthly home loan payments for up to 18 months, if their mortgage is backed by Fannie ...
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Best Buy Stock Slumps as Sales Fall Short. The Outlook Isn't Great. On an adjusted basis, excluding depreciation and amortization, restructuring charges, and other one-time items, earnings per share were $3.48. Revenue rose 11.5% year over year to $16.94 billion. Analysts were looking for adjusted EPS of $3.47 on revenue ...
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Cleveland-Cliffs reports fourth-quarter, 2020 results Fourth-quarter 2020 consolidated revenues were $2.3 billion, compared to prior-year fourth-quarter revenues of $534 million. (Cleveland ...
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A third vaccine for the US may be just days away Johnson & Johnson's vaccine also seems to work better than initial data showed against the virus variant first identified in South Africa. This builds on positive news coming from pharmaceutical giant Moderna, which has updated its shot to help combat that ...
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Teladoc Stock Falls on Downbeat Forecast for Membership The company achieved an extraordinary expansion in 2020, as the Covid-19 pandemic pushed medical visits online. On Wednesday evening, Teladoc reported revenues of $383.2 million for the fourth quarter of 2020, up 145% year over year. Revenues for ...
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Security concerns arise over popular Clubhouse app after ties to China-based company revealed Additionally, the observatory found that "a user's unique Clubhouse ID number and chatroom ID are transmitted in plaintext, and Agora would likely have access to users' raw audio, potentially providing access to the Chinese government.".
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TIAA appoints Thasunda Duckett as president and CEO Ms. Duckett currently is the CEO of Chase Consumer Banking, a division of J.P. Morgan Chase & Co. She will succeed Roger W. Ferguson Jr., who is delaying his planned retirement date of March 31 until Ms. Duckett has joined the firm. He will remain an ...
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2021 Toyota RAV4 Hybrid vs. 2021 Honda CR-V Hybrid: Compare Hybrid Crossover SUVs For those reasons and more, our crew of editors unanimously prefers the hybrids versus the non-hybrid versions. But which of these hybrids do we recommend over the other? In styling, the RAV4 ...
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George Bush Intercontinental Airport garage to be demolished for international terminal expansion The Terminal D/E Parking Garage will permanently close on March 1, the city of Houston announced. Any passenger vehicles still parked in the garage after March 18 will be towed at the owner's expense.
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Xcel Energy ups ante on cutting greenhouse-gas emissions, pledges 85% reduction by 2030 The new clean energy plan, to be filed with state regulators by the end of March, revises the company's original goal of cutting the emissions by 80% by 2030. In meeting the target to address climate change, Xcel Energy is proposing to retire its remaining coal ...
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Teladoc's virtual visits reach 3M during Q4 as revenue grows to $383M Teladoc's 2020 revenue reached $1.1 billion as virtual care visits continued to soar. The telehealth giant reported it delivered 10.6 million virtual visits last year, up 156% from 2019. The company's ...
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Royal Caribbean announces short Caribbean cruises to 'redefine' getaways The cruise line announced opened bookings for the new offerings on Wednesday, with ships set to sail 17 different itineraries from Florida and Texas in 2022 and 2023. The mini trips aim to "redefine" the art ...
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USPS to continue purchasing gas vehicles, despite Biden all-electric pledge The news disappointed some electric vehicle (EV) advocates, who said a decision by USPS to go all-electric would have sent important growth signals to the automotive market and supply chain. The postal service responded that the procurement allows for ...
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Oil Up with Global Market Tightening (Bloomberg) -- Oil extended gains after closing at the highest level in more than a year as a slump in U.S. crude production following the cold blast and shrinking European stockpiles tightened the market further. Futures in New York rose toward $64 a barrel ...
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Moderna, Pfizer ready multi-pronged plans for coronavirus variants The variant-specific booster will undergo clinical testing at the NIH and in studies run by Moderna. The biotech also will evaluate a lower-dose booster of its original coronavirus vaccine and a separate product that combines the traits of both shots.
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Who makes the best fast-food fried fish sandwich? I ate a lot of McDonald's Filet-o-Fish sandwiches between the ages of 5 and 12. Part of me thought they were healthier than the burgers on the menu. I liked the squishy bun. I was fascinated by how the half slice of American cheese stuck to the top bun tighter ...
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