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American Homeowners Are Adding Fuel to Bond Market Sell-Off Their problem is that when Treasury yields -- which strongly influence home-loan rates -- suddenly rise sharply, many Americans lose interest in refinancing their old mortgages. A reduced stream of refinancings means mortgage-bond investors are left waiting ...
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Wildfire victims sue former PG&E execs for 'massive dereliction of duty' Lawsuit seeks to tap into the $200 million to $400 million in liability insurance that PG&E secured for former executives and board members. A burned neighborhood is seen in Paradise, Calif., on Nov. 15, 2018. AFP/Getty Images. Email icon; Facebook icon ...
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Tech Gets Congress Antitrust Warning: 'Change Is Coming' House lawmakers kicked off an effort to tackle dominant technology companies, vowing a revamp of competition laws to curb their power. The House antitrust panel, led by Representative David Cicilline, heard from antitrust experts Thursday about potential ...
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Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential Cathie Wood says Bitcoin is in "early days" given its new interest from institutions and its diverse use cases. Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions ...
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Here are the best loans to consolidate your debt CNBC Select looked at fees, interest rates and flexible repayment options for different credit scores to find the best personal loans for consolidating multiple debts into one monthly payment. Published Thu, Feb 25 ...
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Duckett, JPMorgan's Top Black Executive, to Become TIAA CEO Thasunda Brown Duckett, the top Black executive at JPMorgan Chase & Co., is leaving the bank to become chief executive officer of retirement-services provider TIAA. She becomes CEO and president of TIAA on May 1, succeeding Roger W. Ferguson Jr., 69 ...
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The smallest business owners are excited and confused by PPP rules as priority window opens Sinelia Louis will finally be eligible to apply for a PPP loan due to changes by the Biden administration that allow access for non-citizen small business owners. Sinelia Louis.
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Belk Becomes The In-And-Out Of Bankruptcy What it doesn't have is a plan to be successful. When the company announced it was filing last month its owner, private equity investor Sycamore Partners, was hoping for a fast turnaround while at ...
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TikTok's Feta Pasta Is a Thing. Everyone Is Doing It Wrong. Mastering the feta pasta recipe sounds almost as easy as making a box of mac-and-cheese: Pour half a cup of olive oil in a casserole dish, then dump in two pints of cherry tomatoes and an 8-ounce block of feta cheese. Bake for 40 minutes; broil for five. Stir in ...
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Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth Foresite's approach is designed to help it be uniquely positioned to shepherd companies from founding (they also have a company-building incubator) all the way to public market exit – and even beyond. Tananbaum said that ...
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4 Reasons I Just Bought This SPAC Stock I've started buying SPAC stocks. I now own two of them: Holicity (NASDAQ:HOL) and Nebula Caravel Acquisition Corp. (NASDAQ:NEBC). I love the companies these stocks now represent (Astra and Rover), but I also love this new method that private ...
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Best Buy braces for rivals to slash prices and dangle deals as pandemic-fueled demand fades The consumer electronics retailer and its competitors experienced heavy demand and lower inventory during the pandemic, which created less need to sell items at a discount. The company is forecasting slowing sales in the year ahead, ...
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Sephora To Open Over 260 New Stores In 2021 Including Kohl's Concept Sephora is investing in a brick-and-mortar future for retail with its largest expansion in the beauty retailer's 21-year history. The company has announced plans to open over 260 new stores in 2021 including over 60 standalone locations and 200 shop-in-shop ...
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Target to open mini Apple shops inside 17 stores in latest move to woo customers The company has opened other "shop in shops" with Disney and Levi's and has hundreds planned with Ulta Beauty. The retailer is trying to hang on to its market share gains as the pandemic wanes and ...
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Esports says has not held talks with GameStop, after Citron Research urges merger (Reuters) - Esports Entertainment Group Inc said on Thursday it had not held any sale talks with GameStop Corp, after short seller Citron Research said the videogame retailer should buy the online gambling company. FILE PHOTO: People enter a GameStop ...
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$100 billion market cap is the blue-sky scenario for Moderna, analyst says Moderna's shares rose 3% in premarket trade Thursday as its fourth-quarter revenue, of $517 million, vastly exceeded estimates of $318.9 million. It also forecast $18.4 billion in Covid-19 vaccine sales in 2021, having brought in $199.87 million Covid-19 ...
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Holland America Line, Princess, Seabourn Cancel Alaska/Canada Cruises Numerous cruise lines announced Wednesday updates to their Alaska/Canada sailing season as a result of the Canadian Transport Ministry's Interim Order that closed Canadian ports and waters to passenger vessels, including Holland America Line, ...
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Yellen Urges World's Largest Economies To 'Go Big' On Stimulus Treasury Secretary Janet Yellen on Thursday urged the largest economies to pursue sweeping measures to address the downturn caused by the coronavirus pandemic, saying a coordinated response would be necessary for a global recovery. President-Elect ...
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PepsiCo knows everyone is drinking cocktails at home. So it's launching a booze mixer New York (CNN Business) PepsiCo isn't joining the hard seltzer trend just yet. But it wants to be part of your at-home cocktail experience with a new line of mixers. Neon Zebra, which launches on March 1, comes in four non-alcoholic flavors: citrus-flavored ...
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Better Buy: Facebook vs. Zoom Video Communications But after the pandemic passes and more people return to work and school, Zoom could struggle to maintain its momentum as more investors recognize Facebook's fundamental strengths again. Will Facebook make a comeback and outperform Zoom this year, ...
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Unemployment claims dropped last week as coronavirus cases eased. In addition, 451,000 new claims were filed for Pandemic Unemployment Assistance, a federal program covering freelancers, part-timers and others who do not routinely qualify for state benefits, a decline of 61,000. Neither ...
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Pfizer begins human trials for third vaccine dose against COVID variants As COVID vaccinations continue ramping up in the U.S. and around the world, the makers of one of those vaccines has announced a series of human trial to see how effective their vaccine is against newly discovered coronavirus variants. On Thursday, Pfizer ...
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US Treasury Bond Yields Pass S&P 500 Dividend Estimate as Inflation Pressures Weigh U.S. Treasury bond yields leaped past the dividend yield for the S&P 500 Thursday as bond markets continue to sell-off amid inflation concerns and a broadening domestic recovery. Benchmark 10-year notes traded at 1.485% in mid-morning dealing, the ...
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Twitter Aims to Double Revenue in 3 Years; Shares Surge The business goals were announced Thursday in conjunction with the San Francisco-based company's first Analyst Day since 2014. Numerous executives, including Chief Executive Officer Jack Dorsey, are expected to present updates on various parts of ...
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As Vaccinations Increase in Illinois, When Could the State Reach Phase 5 of Reopening? With vaccinations for coronavirus in Illinois increasing, and eligibility expanding, that day is inching closer, but according to Gov. J.B. Pritzker we're not there yet. Published 13 mins ago • Updated 11 mins ago. Pause. 1:45. Phase 1B COVID Vaccinations ...
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Westmoreland County adds fewer than 100 daily covid cases for 3 weeks Health officials define a probable case as one in which a patient has a positive viral antigen test or covid symptoms with a "high-risk exposure" to someone who has been confirmed to have coronavirus.
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Papa John's Envisions 'Historical Levels' of Growth in 2021 Papa John's Super Hawaiian Pizza. Papa John's. Papa John's added 10 million new and lapsed customers through its digital channels this past year.
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New airline coming to Destin-Fort Walton Beach Airport DESTIN, Fla. (WJHG/WECP) - A new airline will be flying out of our area this spring. Officials with the Destin-Fort Walton Beach Airport (VPS) announced Thursday morning Southwest Airlines is coming to the airport. They say the service will start in May.
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Blue Origin pushes New Glenn orbital rocket's first flight to Q4 2022 The company is now targeting Q4 2022 – a slippage of roughly a year from the prior stated timeline of sometime towards the end of 2021. The main cause, per Blue Origin? Space Force passing on using New Glenn to launch national security payloads during a ...
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Chicago to Begin Clearing City Streets of 'Dibs' Objects Chicago officials announced crews will begin clearing streets citywide of "dibs" objects beginning next week. The Department of Streets and Sanitation said that due to the melting snow and snow removal efforts, the city will remove objects that residents have ...
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DMV services now offered at some AAA offices, Gov. Andrew M. Cuomo says On Long Island, the AAA office in Garden City will offer these services. The other AAA locations are in Brooklyn, Queens, Manhattan, Yonkers and Nanuet in Rockland County. Long Islanders can also look ...
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The Heinz Website Now Takes 57 Minutes to Load PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Whether you're lighting up the grill or cooking indoors, few things are more magical than family burger night. While gatherings may look different than they used to, HEINZ knows there's magic in these special ...
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Victoria's Secret to close as many as 50 more stores this year The company swung to black, reaching net income of $860.3 million compared to last year's $192.3 million net loss. Adjusted to exclude certain charges from 2019, operating income rose 58% to $1.27 billion; Bath & ...
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Plug Power Reports Steep Negative Revenue — Here's Why Hydrogen fuel cell company Plug Power (PLUG) reported a deeper loss than expected in the fourth quarter and had negative revenue. PLUG stock fell. Per-share losses widened to $1.12 from 7 cent in the year-ago quarter, badly missing forecasts for a loss of ...
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Geely ditches Volvo merger but still needs its partner to go global Hong Kong (CNN Business) Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on connected cars. China's largest independent automaker already owns Volvo and ...
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2 officers, 1 other driver injured in rear-end crash on Near North Side, police say The officers were in a police vehicle at Superior and State streets in the Near North neighborhood, when, about 1:10 a.m., a man in another car hit theirs from behind, according to police.
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Walgreens now offers COVID-19 vaccines in Oregon Walgreens has been added to the list of pharmacies offering COVID-19 vaccines to eligible Oregonians. Walgreens joins Albertsons, Safeway, Costco and Health Mart as the Oregon pharmacies that receive weekly vaccine doses through the Federal Retail ...
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City of La Crosse to launch new round of small business relief grants The grant, a sequel to previous rounds of funding, would go to some of the city's smallest businesses and would specifically be intended to help pay up to three months rent for brick and mortar stores or non-city owned utilities.
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Tesla Is Being Outsold in China By a $4.5K Electric Car You'd be forgiven for never having heard of the Hong Guang Mini EV before. Next. --shares; link.
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'We're only scratching the surface right now...' Talking plant-based seafood with Good Catch, New Wave Foods The plant-based seafood market is pretty small fry in dollar terms right now, but is poised to grow significantly in the next couple of years, predict the entrepreneurs behind a new wave of brands seeking to take plant-based tuna, shrimp, crab cakes, and fish ...
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Moody Foundation pledging $3M in grants after devastating Texas winter storm The Moody Foundation announced on Feb. 25 it is donating $3 million in grants to 45 organizations across Texas, and $1 million is dedicated to 18 nonprofits in Central Texas. That money will go toward delivering critical supplies and immediate services to ...
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Qantas expects to start international flights in October CANBERRA, Australia (AP) — Qantas Airways does not expect to resume international travel apart from New Zealand until late October after the Australian population was vaccinated for COVID-19, the airline's chief executive said on Thursday.
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Sequoia Capital's Jess Lee On Working With Young Startups As Firm Raises New $195M Seed Fund The seed fund also covers investments made through Sequoia's scout program — an innovation the firm launched in 2009 — to access networks of founders and executives for seed stage investments. Sequoia's entire early-stage team focuses ...
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AstraZeneca CEO Defends EU Vaccine Delivery in Parliamentary Grilling Pascal Soriot, chief executive officer of AstraZeneca Plc, listens during a Senate Finance Committee hearing on drug pricing on Capitol Hill in Washington, D.C., U.S., on Tuesday, Feb. 26, ...
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Verizon brings more 5G to more customers Customers in Sacramento, Seattle and Pensacola now have access to Verizon's 5G Ultra Wideband, 5G Nationwide & 4G LTE network. Eligible customers in parts of Sacramento will also have access to the newest 5G Home equipment. Full Transparency.
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