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Nasdaq rebounds from worst sell-off since October, Dow falls 100 points Tech stocks lifted the broader market higher in volatile trading on Friday, rebounding from steep losses after a key inflation gauge showed tame price pressures. The Nasdaq Composite jumped 1.7% as Apple, Facebook and Microsoft each rose more than 2%.
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Powell's Plan Has A Blind Spot And It Means Market Violence It stems from the notion that without a defined counteracting force to inflation, the risk/reward of holding bonds when growth is trending as it is now is so skewed towards selling that it's likely to create severe spikes in yields until some equilibrium is reached, likely ...
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India's Economy Exits Deep Recession as Fledgling Recovery Strengthens Economic output grew 0.4 percent in the third quarter, but the recovery is uneven, with small businesses facing the brunt of the downturn.
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Why natural-gas prices underperformed oil prices in February by a long shot The extreme cold that covered most of the central and eastern U.S. in mid-February was the biggest reason for the rise in natural-gas prices this month, said Christin Redmond, commodity analyst, energy and sustainability services at Schneider Electric.
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Global COVID cases top 113 million as FDA committee meets to vote on J&J vaccine The number of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 113 million on Friday, amid a flurry of positive vaccine news and as a regulatory advisory committee gathered to review Johnson & Johnson's vaccine candidate for a ...
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US oil benchmark falls from a 22-month high Oil futures saw significant pressure Friday, with a rise by the U.S. dollar and jitters ahead of next week's meeting of the Organization of the Petroleum Exporting Countries and its allies leading the U.S. benchmark to pull back from a 22-month high.
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US Consumers Rebound to Boost Spending 2.4% as Income Jumps WASHINGTON (AP) — Bouncing back from months of retrenchment, America's consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the ...
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Ed Slott: Why Taxes Are Advisors' 'Ultimate High-Value Opportunity' Slott's obsession with minimizing taxes from retirement savings accounts has translated into a thriving education business—Slott says he's trained tens of thousands of financial advisors, as well as countless individuals. Speaking with Barron's Advisor from his ...
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The Biden administration buys 100000 doses of a combination antibody treatment for high-risk Covid-19 patients. The federal government has agreed to buy 100,000 doses of a recently authorized Covid-19 treatment from Eli Lilly, increasing the supply of such drugs for patients who are high risk of becoming seriously ill but are not yet hospitalized. Under the deal ...
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Will This IPO Be the Ultimate Reddit Stock? The financial story of the year did not start in lower Manhattan or in the wealthy enclaves of Greenwich Connecticut, but rather on Wall Street Bets-a NSFW chatroom on Reddit. The on-again, off-again meme stock trading frenzy has captured the attention of ...
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Cronos Group (CRON) Reports Q4 Loss, Tops Revenue Estimates Over the last four quarters, the company has surpassed consensus EPS estimates two times. Cronos, which belongs to the Zacks Medical - Drugs industry, posted revenues of $17.05 million for the quarter ended December 2020 ...
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7 meatless recipes for Fridays during lent The season of Lent is upon us, which means millions of Catholics around the world have left the indulgences of Mardi Gras behind. Typically, devout Catholics will abstain from an indulgence for the 40 days between Ash Wednesday and Easter Sunday, like ...
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Caesars CEO Sees Robust Casino Rebound in the Offing. Shares Are Surging. Caesars (ticker: CZR) reported that its adjusted fourth-quarter earnings before interest, taxes, depreciation and amortization, or Ebitda, totaled $346 million, versus $722 million a year earlier.
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Watch Out, Coinbase: Robinhood Just Revealed Big Crypto Growth The Robinhood app. Bloomberg. About 6 million new users bought cryptocurrencies on Robinhood in just the first two months of this year, a remarkable rate that could threaten the dominance of ...
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Airbnb Stock Is Surging on Strong Earnings. Analysts Are Cautious on Valuation. The fundamentals in the December quarter were better-than-expected, though still clearly impacted by the pandemic. For the quarter, Airbnb (ticker: ABNB) reported revenue of $859 million, which was down 22% from a year ago, but above Wall Street's ...
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Power supplier Vistra expects to take up to $1 billion hit from Texas' epic winter storm Gas and electric companies are beginning to sort out the toll from the freeze that left millions of Texans without power.
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Catastrophic fire at Shaquille O'Neal's historic Atlanta Krispy Kreme ruled arson The fire was believed to have been intentionally set on the outside of the building and quickly spread inside causing catastrophic damage, the Atlanta Fire Rescue Department said on Friday in a statement. Two workers were ...
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Petrobras CEO Shake-Up Sent Investors Fleeing in Brazil. Here's What Could Boost the Market. A worker at a Petroleo Brasileiro (Petrobras) gas station in Rio de Janeiro, Brazil. Petrobras declined after President Jair Bolsonaro pushed out the CEO. Andre Coelho/Bloomberg.
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Deloitte and Delta partner to cut emissions with sustainable fuel Deloitte committed in September to reaching net-zero greenhouse gas emissions by 2030. Its plans include using renewable energy in buildings, converting vehicles to hybrid and electric power and reducing business travel. Its purchase of sustainable ...
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Aurora Innovation Goes All-In on Lidar With Another Acquisition Aurora Chief Executive Officer Chris Urmson led the autonomous team at an earlier iteration of Waymo, and Chief Product Officer Sterling Anderson previously directed Tesla Inc.'s Autopilot driver-assistance efforts.
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Earnings Roundup: Carvana has huge earnings miss; Axon exceeds Wall Street predictions Despite selling more cars and bringing in more revenue than ever before in 2020, Carvana, Tempe's online car marketplace, posted earnings that fell way short of analyst expectations on Thursday. Carvana (NYSE: CRVA) reported a loss of 87 cents per ...
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Best Buy cut 5K jobs as it shifts to more part-time workers Dive Brief: Best Buy CEO Corie Barry told analysts that the retailer has cut 5,000 mostly full-time positions while adding 2,000 part-time jobs, which were offered to many of those cut ...
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Excellus BlueCross BlueShield profit drops 43% in 2020; See how much it paid top execs "No one has ever faced a year like 2020," Excellus CEO Christopher Booth said in a prepared statement. "The Covid-19 crisis required a strong and comprehensive response to assure our members were able to receive the care they needed and to help assure ...
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TikTok $92M settlement includes data privacy compliance training program TikTok is seeking preliminary approval of a class-action settlement with terms that would require the video sharing platform to establish a $92 million settlement fund and create a new compliance framework, including a "newly designed data privacy ...
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Metro Health Dept. reports software crash after vaccinations opened to 65+ NASHVILLE, Tenn. (WKRN) — The Metro Public Health Department reported a software program used to schedule COVID-19 vaccination appointments crashed Friday morning. The health department said the software failed to accept applications for ...
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Biden Extends Unemployment Insurance for Workers Fearing COVID Risk The Biden Administration is expanding eligibility for unemployment benefits for workers who feel they are forced to choose between working in an unsafe environment and refusing work to avoid the risk of coronavirus infection. The U.S. Department of Labor is ...
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23 Whole Foods grocery workers tested positive for COVID-19 DETROIT – Twenty-three employees at a Whole Foods grocery store in Detroit have tested positive for COVID-19, WDIV Local 4 reports. The Detroit city health department was informed of coronavirus cases among employees at the Mack Avenue store and ...
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Salesforce posts record sales Constellation Research CEO Ray Wang provides insight into Salesforce buying Slack and Tesla's stock growth. Salesforce.com Inc. posted record sales and lifted its outlook for the current year as the business ...
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Albemarle to sell business unit to WR Grace for $570 million The deal comes more than two years after Grace purchased Albemarle's polyolefin catalysts and components business for about $416 million in 2018. As part of that deal, Grace assumed the lease and operations of Albemarle's product development center in ...
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Apple-Kia partnership not dead yet, report claims Though Hyundai and Kia in February confirmed they were no longer in talks to create an "Apple Car" for Apple, a report on Friday suggests there might still be hope for a partnership between the companies. Citing sources familiar with the matter, Korean outlet ...
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Unum Ranks Among World's Most Ethical Companies CHATTANOOGA, Tenn., Feb. 26, 2021 /PRNewswire/ -- Employee benefits provider Unum (NYSE: UNM) is one of the World's Most Ethical Companies for its "unwavering commitment to business integrity." The recognition was made by The Ethisphere® ...
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City Utilities nearly restores power to 1700 customers after car hits a pole in Springfield SPRINGFIELD, Mo. (KY3) - Springfield's City Utilities crews has nearly restored power to more than 1,700 customers after a car smashed into a power pole Friday. The crash happened just after 5:30 a.m. on Battlefield Road at South Ridgecrest Drive. That is ...
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Samaritan to buy Northern Radiology Imaging's assets WATERTOWN, N.Y. (WWNY) - Samaritan Medical Center is buying the assets of Northern Radiology Imaging after that business shuts its doors at the end of next week. NRI, at 1571 Washington Street in Watertown, is closing on May 5. Samaritan will ...
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EW Scripps: 4Q Earnings Snapshot CINCINNATI (AP) _ E.W. Scripps Co. (SSP) on Friday reported fourth-quarter profit of $244.7 million. The Cincinnati-based company said it had profit of $2.89 per share. Earnings, adjusted to account for discontinued operations and non-recurring gains, were ...
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TIAA Names Thasunda Brown Duckett as Next CEO What You Need to Know · Duckett, the firm's first woman CEO, succeeds Roger W. Ferguson Jr. · She previously was head of consumer banking at Chase. · The former Chase exec began her career at Fannie Mae.
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Giant Eagle, Pittsburgh Steelers Hosting COVID-19 Vaccination Clinic At Heinz Field It'll be held in the PNC Champions Club from March 2 through March 5. It's for patients in Pennsylvania's Phase 1A. People who do not have an appointment will not get a shot.
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Virgin Galactic Drops on Further Test-Flight Delay Shares of space tourism company Virgin Galactic (SPCE) - Get Report dropped Friday after the company said it was delaying its next test flight until May. The move comes as the Las Cruces, N.M., company looks to fix an issue that was discovered earlier this ...
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Chance of Covid spread via cruise ships' air systems 'exceptionally low' Cruise giant Royal Caribbean Group has ships fitted with HVAC systems, which were originally designed to improve ventilation on board by bringing in ocean air and filtering it before sending through rooms. Royal says findings of the ...
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Alamo Group: 4Q Earnings Snapshot Alamo Group Inc. (ALG) on Thursday reported fourth-quarter earnings of $8.1 million. On a per-share basis, the Seguin, Texas-based company said it had profit of 68 cents. Earnings, adjusted for amortization costs and severance costs, came to $1.10 per ...
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Jeff Bezos lieutenant Blackburn joins silicon valley firm Jeff Blackburn, the longtime Amazon.com Inc. executive who announced his departure this week, has landed at Bessemer Venture Partners. Blackburn will be a partner at the venture capital firm, which made early investments in Shopify Inc., Pinterest Inc., ...
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Stimulus Check Latest: Will Your Next Relief Payment Be $1400? The American Rescue Plan also features increased unemployment benefits, a higher child tax credit and a $15 minimum wage, as well as billions more dollars to stop the spread of COVID-19. These and other programs ...
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7 ways you may be undermining your attempts to lose weight Fat may be high in calories. But it's a necessary nutrient. If you cut all the fat out of your diet, you probably won't feel satisfied and may overeat later on. Plus, some fats improve your health and may even help you slim down.
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