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Take Five: Policymakers under pressure February is ending with some of the biggest bond moves in years, even after soothing noises from Federal Reserve Chair Jerome Powell, European Central Bank boss Christine Lagarde and Reserve Bank of New Zealand Governor Adrian Orr.
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Indian rupee, bonds weaken tracking US treasuries; more falls likely MUMBAI (Reuters) - The Indian rupee and bonds weakened on Friday as global markets were rocked overnight by a surge in U.S. treasury yields to their highest levels since the pandemic began. The partially convertible rupee fell 1.5% on day to close at ...
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Barclays Wins Staveley Lawsuit Even as Judge Finds 'Deceit' Barclays Plc won a bitter fight with deal-maker Amanda Staveley over a rescue package she helped engineer at the height of the financial crisis more than a decade ago. Despite dismissing Staveley's suit, Judge David Waksman found that the bank seriously ...
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Oil drops on dollar strength and OPEC+ supply expectations 2 Min Read. LONDON (Reuters) - Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar while crude supply is expected to rise in repsonse to prices back above pre-pandemic levels. FILE PHOTO: A pump jack operates in the ...
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British Airways Owner Calls For Digital Health Passports To Revive Air Travel After Posting Record $9 Billion Loss For the January-March 2021 period, IAG said it expects to fly only about 20% of 2019's capacity for the same period. IAG declined to provide a profit guidance for 2021 ...
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Velodyne Lidar stock falls after wider-than-expected loss Shares of Velodyne Lidar Inc. fell Friday after a wider-than-expected fourth-quarter loss, as the lidar sensor maker continued to lower prices to entice new customers. The company reported late Thursday a net loss that widened to $111.5 million, 64 cents a ...
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FDA Advisers to Vet J&J's One-Shot Vaccine for Emergency Use Johnson & Johnson's coronavirus vaccine is set for vetting by a panel of outside advisers to the U.S. Food and Drug Administration Friday, one of the final steps toward potential authorization of the country's first one-dose immunization against Covid-19.
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Comparing the 2021 Genesis G80 to the 2021 Mercedes-Benz E-Class Above average: Available all-wheel drive; plenty of driver assists; unique looks; powerful twin-turbo V6; optional adaptive suspension. Advertisement. Below average: No ...
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US lawmakers detail 3 ways to address Apple, Google, Facebook, and Amazon antitrust concerns The US House Judiciary Committee held a major hearing on big tech antitrust concerns last summer. That included testimony from Tim Cook, Sundar Pichai, Jeff Bezos, and Mark Zuckerberg. Now the Antitrust subcommittee has met again today and revealed ...
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Norwegian Air posts $1.5 billion impairment loss as seeks fresh start OSLO (Reuters) - Norwegian Air said on Friday it had booked an impairment loss of 12.8 billion Norwegian crowns ($1.5 billion) in the fourth quarter from its plans to cut its fleet of owned and leased aircraft and cancel aircraft orders. FILE PHOTO: Norwegian ...
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Giant Eagle, Steelers teaming up for COVID-19 vaccination clinic next week at Heinz Field Vaccination appointments can be made beginning Friday for a COVID-19 inoculation clinic next week that's being hosted jointly by Giant Eagle and the Pittsburgh Steelers at Heinz Field. The grocery store chain said the clinic will run from Tuesday, March 2 ...
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Boeing 777 makes an emergency landing in Moscow after engine sensor problem A Rossiya Airlines Boeing 777 cargo plane made an emergency landing at Moscow's Sheremetyevo airport due to a problem with an engine control sensor. The plane was a 15-year-old 777-300ER, according to flight-tracking website FlightRadar24, which ...
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Dell pulls in record revenue as work-from-home demand continues The Round Rock-based technology giant had revenue of $94.2 billion for the fiscal year ended Jan. 29. The company beat analyst expectations the fiscal fourth quarter and the full year. Dell is one of ...
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GameStop shares jump 13% premarket as stock looks poised for another day of high-volume activity GameStop Corp. shares GME, +18.56% rose 13% in premarket trade Friday, and looked poised for another day of high-volume activity. The videogame retailer's stock is on track for gains of 168% on the week after a move that began late Wednesday and ...
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Senator Says Microsoft Failed to Fix Cloud Software Issue Used by SolarWinds Hackers Microsoft Corp.'s failure to fix known problems with its cloud software facilitated the massive SolarWinds hack that compromised at least nine federal government agencies, according to security experts and the office of U.S. Senator Ron Wyden. A vulnerability ...
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Vanderbilt excited for possible Johnson & Johnson vaccine approval NASHVILLE, TN (WSMV) - A third vaccine could get the green light in the fight against COVID-19 after an FDA advisory panel meets today to discuss emergency authorization of the Johnson & Johnson shot. At Vanderbilt University Medical Center, where one ...
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Cigna's Evernorth to acquire telehealth company MDLive Cigna will acquire telehealth platform MDLive, the insurer announced Friday morning. Cigna has been a longtime partner of and investor in MDLive and will fold it into its Evernorth subsidiary, which houses its health services business. The deal is expected to ...
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Bessemer Venture Partners closes on $3.3 billion across two funds Bessemer Venture Partners closes on $3.3 billion across two funds. Mary Ann Azevedo and Ingrid Lunden. Thu, February 25, 2021, 4:02 PM ·4 min read. Another major VC firm has closed two major rounds, underscoring the long-term confidence investors ...
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WR Grace to expand pharma portfolio with $570M acquisition W.R. Grace plans to grow its pharmaceuticals portfolio by acquiring a subsidiary of Albermarle Corp. for $570 million, the company announced late Thursday. The acquisition of Albermarle's fine chemistry services business will be paid for with a combination ...
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Health Alert Issued For Whole Foods Market's Beef Meatball Products As per the warning, Amazon's Whole Foods Market sold an undetermined amount of beef meatballs with marinara sauce that were misbranded. In addition, the products contain parmesan cheese made from milk, which is not declared on the product label.
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TikTok will pay $92 million to settle class-action data harvesting lawsuit The proposed settlement, described as one of the "largest privacy-related payouts in history," includes 89 million US users, some as young as six years old. According to lawyers involved in the suit ...
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New COVID-19 variant found in New York raising concerns about vaccine effectiveness What makes this variant unique is that researchers are saying this mutation may weaken the effectiveness of the current COVID vaccines.
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UK house hunting at record high, says Rightmove Rightmove said it had enjoyed its busiest January as a record number of UK homebuyers search for properties even though they are likely to miss out on a government tax break. Buyers who make a purchase now face missing out on the stamp duty ...
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AMP shares surge on Ares bid to buy 60% of unit's private markets business (Reuters) - U.S.-based Ares Management plans to buy 60% of the private markets business of AMP Ltd's asset management arm for A$1.35 billion ($1.06 billion), the pair said on Friday, weeks after scrapping a bid for all of the Australian company.
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Global stocks routed as inflation fears dominate Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower. Japan's Nikkei 225 tumbled 4%, while Hong Kong's Hang Seng Index closed down 3.6% — that index's worst day in ...
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Malaysia's Top Glove plans to raise $1.9 bln via secondary listing in Hong Kong Feb 26 (Reuters) - Top Glove Corp TPGC.KL said on Friday it had proposed to raise about HK$14.95 billion ($1.93 billion) by issuing up to 1.50 billion shares via a secondary listing on the Hong Kong stock exchange. Malaysia's top disposable medical glove ...
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Porsche 911 Carrera S review: why the manual gearbox still matters Manuals have become a minority. Last year, 55 percent of new cars came with an automatic gearbox. That compares with just under half in 2019 – and less than a quarter 10 years ago. When it comes to sports cars, the trend for two pedals and paddles is ...
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Car crash leaves 1500 without power in Southwest Springfield Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Share this story. AddThis Sharing Buttons. Share ...
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What investors are watching after spike in treasury yields The surge in global yields and a slump in stocks has left bond and equity investors nursing losses and asking whether there is more to come or something to stop the rot. While many see bond yields continuing to push higher as the global economy reopens ...
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Solar Brewing Co. looks to open Oak Island's first brewery by late summer OAK ISLAND — Oak Island's first brewpub, Solar Brewing Co., is planning to open next to Shagger Jacks sometime between June and August with a 50-person seating capacity, 16 taps, and pizza offerings. When former homebrewer Michael Bartlett was ...
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India's economy turns positive, grows 0.4% in Oct-Dec quarter The readout for the December quarter was a tad lower than the 0.5% growth forecast of analysts in a Reuters poll. The infrastructure output rose 0.1% in January from a year earlier, government data showed.
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What are the ARK ETFs and Can I Invest in Them? The provider ARK Invest is causing a sensation in the US with high-risk thematic ETFs. After its ARK Innovation ETF posted a 150% return in 2020, the firm has seen staggering inflows - some $5.2 billion in the first few weeks (to February 11) of 2021 alone.
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Viral Spiral: Dogecoin Inspired by a 2010 meme and considered a "joke cryptocurrency," Dogecoin has recently soared in popularity. On Jan. 28, 2021, Dogecoin surpassed the record previously held by Bitcoin for the cryptocurrency with the most mentions on Twitter.
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Salesforce Stock Falls As Full-Year 2022 Profit Guidance Misses Amid Slack Acquisition Salesforce stock fell in extended trading Thursday as fourth-quarter earnings and revenue for fiscal 2021 topped analyst estimates but full-year fiscal 2022 profit guidance came in below expectations. Excluding investment gains of 22 cents per share, ...
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Initial unemployment claims decline for second consecutive week in Lorain County In the week ending Feb. 20, there were 1,762 initial jobless claims filed in the county, down from 2,086 two weeks ago and 2,953 three weeks ago, state data released Thursday shows. Before the ...
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VERIFY: Is recent spike in gas prices caused by President Biden canceling Keystone XL Pipeline? JACKSONVILLE, Fla. — Notice a price jump at the gas pump recently? You aren't alone. The average cost for a gallon of gasoline in the United States is rising at a ...
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Nevada COVID-19 task force hears of improvement RENO, Nev. (KOLO) - There is continued improvement in COVID-19 trends across the state, the Nevada COVID-19 Mitigation and Management Task Force learned Thursday. New cases are declining and the percentage of people testing positive is also ...
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Tesla's US factory closed for two days due to parts shortages Tesla Chief Executive Officer Elon Musk said the electric vehicle company's Fremont, California plant shut down for two days this week due to "parts shortages" and had reopened on Wednesday. Shares of Tesla fell 8% during the day after Bloomberg ...
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5 Hong Kong-Themed Brands To Buy From Lucky for us, a number of homegrown brands are offering various Hong Kong-themed goods that we can buy from. From candles, prints, bags and masks, here are some of the best Hong Kong-themed brands that you can shop from for your next gift-gifting or to ...
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Carvana: 4Q Earnings Snapshot TEMPE, Ariz. (AP) _ Carvana Co. (CVNA) on Thursday reported a loss of $63.3 million in its fourth quarter. On a per-share basis, the Tempe, Arizona-based company said it had a loss of 87 cents. Losses, adjusted to extinguish debt, were 41 cents per share.
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ADVERTISEMENT TO BIDDERS ADVERTISEMENT TO BIDDERS for BRIDGE JOINT REPAIRS 2020-2021 (rebid) for CITY OF GRAND ISLAND, NEBRASKA Sealed bids will be received at the office of the City Clerk, 100 E. First Street., Grand Island, NE 68801 or P.O. Box 1968, Grand Island ...
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