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Dollar gains on reflation trade, Aussie recovers NEW YORK (Reuters) - The dollar index rose to a three-week high on Monday as investors bet on faster growth and inflation in the United States, while the Australian dollar gained after Australia's central bank increased its bond purchases in a bid to stem ...
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Biden throws support behind Amazon workers holding milestone union vote Eligible workers at the facility are currently voting by mail to decide whether to form Amazon's first US-based union. "Today and over the next few days and weeks, workers in Alabama, and all across America, are voting on whether to organize a union in their ...
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Exxon Adds Hedge Fund Manager Ubben, Ex-Comcast CFO to Board Exxon Mobil Corp. appointed activist investor Jeff Ubben and former Comcast Corp. executive Michael Angelakis to its board following investor criticism of the oil giant for its environmental record and poor financial performance. The additions bring the ...
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Investors Poured Record $86 Billion Into Equity ETFs in February When faced with a spike in Treasury yields and a tech sector pullback that erased $1 trillion from stock prices, exchange-traded fund investors decided to pour more money into equities. Despite the recent turmoil in the bond market, the S&P 500 Index ...
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3 Food and Beverage Stocks Likely to Grow in 2021 Among consumer discretionary stocks, some food and beverage stocks were hit hard by the COVID-19 pandemic in 2020 as restaurants closed for months and foodservice orders consequently plummeted. However, regardless of disease outbreaks, political ...
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Bitcoin Poised For 'Massive Transformation' Into The Mainstream, Citi Says Bitcoin could be at the start of a "massive transformation" into the mainstream and on the path to become "the currency of choice for international trade," according to leading investment bank Citi, which noted the cryptocurrency's meteoric rise in value in recent ...
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AstraZeneca cashes in on Moderna, collecting $1B-plus as COVID-19 added rocket fuel to the mRNA biotech's shares Moderna executives aren't the only ones who have benefited from the mRNA specialist's surging stock price during its work on the COVID-19 vaccine. AstraZeneca cashed in its entire ...
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J&J Looks for Partners to Ramp Up Supply of Covid-19 Vaccine Johnson & Johnson is looking for manufacturing partnerships to increase supply of its Covid-19 vaccine that was cleared Saturday by U.S. regulators, Chief Executive Officer Alex Gorsky said. J&J will deliver 3.9 million doses of its one-shot vaccine within the ...
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Royal Caribbean Stock Is Up Almost 400%, but Does It Deserve to Be? All cruise ship operators are riding a wave of optimism higher, but none more so than Royal Caribbean (NYSE:RCL), whose shares have risen nearly 400% from the lows they hit last March. On the fourth-quarter earnings call, management said bookings in ...
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Manufacturing PMI® at 60.8%; February 2021 Manufacturing ISM® Report On Business® This figure indicates expansion in the overall economy for the ninth month in a row after contraction in March, April, and May. The New Orders Index registered 64.8 percent, up 3.7 percentage points from the January reading of 61.1 percent.
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Current Mortgage Refinance Rates -- March 1, 2021: Rates Continue to Climb The average 20-year refinance rate today is 2.961%, up 0.035% from Friday. At today's rate, you'll pay principal and interest of $552.80 for every $100,000 you borrow. Though your monthly ...
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Danone To Sell 9.8% Stake In China's Mengniu; Street Says Hold Danone's CFO Juergen Esser told Reuters, "Today's announcement is an example of our commitment to deliver portfolio optimisation and improve returns to shareholders through disciplined capital allocation." The company's indirect stake in Mengniu has a ...
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Zoom Earnings: What to Look For Key Takeaways · Analysts estimate adjusted EPS of $0.79 vs. $0.15 in Q4 FY 2020. · Customers contributing over $100K in 12-month trailing revenue are expected to jump YOY. · Revenue is expected to explode in Q4 due to pandemic-induced rise in work and ...
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Michigan's average gas prices continue to climb to highest mark since September 2019 "With Midwest refineries beginning the switch to the more expensive summer-blend gasoline and the Gulf Coast refinery outages still having an impact, motorists could continue to see higher pump prices through the week.".
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Klarna confirms new $31B valuation Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest valued private fintech in Europe. Backers of this round are ...
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DraftKings Jumps as Analysts Raise Price Targets After Sales Beat The company reported fourth-quarter revenue doubled. And it raised its revenue estimates for 2021 to between $900 million and $1 billion, up from its previous view between $750 million and $850 million. Analysts at ...
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FedEx shipping Johnson & Johnson's COVID-19 vaccine, entering network via Memphis hub FedEx said in a news release Monday it has begun shipping the new vaccine, adding that it's "prepared to scale up to accommodate anticipated growth in vaccine volume throughout the spring and summer." The company has shipped tens of millions of doses ...
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Tyson Foods says it will vaccinate 'thousands' of its Iowa meatpacking workers this week The company said in a news release that a business partner and local health organizations will hold on-site COVID-19 vaccinations at meatpacking plants in Columbus Junction, Council Bluffs, Independence, Perry, Sioux City, Storm Lake and Waterloo.
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Utility Investors Guessed Wrong on Texas Storm. NRG Energy Was Just Fine. Cold weather in Texas forced much of the state's power-generation capacity off line last month. Dreamstime. Utilities are typically sleepy stocks with relatively attractive dividend yields and stable businesses.
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Covid: 'People are tired of working from home' People are keen to return to the office because working from home has left many "fatigued", says a boss at Britain's biggest office and retail complex. Howard Dawber, head of strategy at Canary Wharf Group, said people will still want to divide time between ...
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Stocks climb more than 2% as investors get back to buying Stocks are rising across the board on Wall Street as traders welcomed a move lower in long-term interest rates in the bond market. Investors were also watching Washington as a big economic stimulus bill moved to the Senate. The S&P 500 added 2.1% as of ...
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Oatly enters Starbucks cafes nationwide as it prepares for a big year Oatly will be served nationwide at Starbucks cafes, the coffee chain said Monday. The Swedish company is shaping up to have a big 2021, with its first Super Bowl ad and confidentially filing for an initial public offering. Coffee shops are a key part of Oatly's ...
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Hill-Rom accused of wrongfully pulling plug on $375 million deal The fight is the latest development in a round of recent acquisitions of health-care companies offering patient monitoring as part of a more than $2 billion market for such services. In January, Boston Scientific Corp. bought cardiac-monitoring firm Preventice.
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Online review platform Trustpilot chooses London for IPO Trustpilot, which is based in Copenhagen, Denmark, said it will hold an initial public offering on the London Stock Exchange to sell 25% of its shares to raise $50 million. While not yet profitable ...
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Mayo Clinic's 2020 profit down, but net assets increase considerably In December, it returned $156 million of the $338 million it received in coronavirus relief payments from the federal government. The system also sent back $915 million in advanced Medicare payments last July.
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Bitcoin Bounces Back Above $47K Despite Bearish Chart Pattern The candlestick pattern indicates a reversal to bearish conditions, as sellers succeeded in pushing prices below the previous week's "opening" price (on Monday at 00:00 UTC) . A similar bearish engulfing pattern ...
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Boingo Wireless stock set to soar after Digital Colony buyout deal for a 23% premium The stock was up 18.3% in premarket trading prior to a trading halt for new, which extends to 9:50 a.m. Eastern. Under terms of the deal, Boingo shareholders will receive $14 in cash for each Boingo share they own, representing a 22.8% premium to Friday's ...
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Metro Health Dept. reports 133 new cases of COVID-19 in Davidson County The total number of confirmed and probable cases grew by 133 in the past 24 hours. There have been a total of 633 deaths in Davidson County. A reported 87,674 individuals have recovered from the virus.
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Volkswagen and Argo AI Plan to Launch a Self-Driving Electric Taxi in 2025 Volkswagen said on Monday that a commercial version of its ID. Buzz, an electric minivan inspired by the iconic 1960s VW Microbus, will be the first VW vehicle to use the autonomous-driving system being developed by Pittsburgh-based Argo AI. VW plans to ...
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Entain raises bid for Enlabs to $438.5 million Entain PLC said Monday that it has raised its bid for Sweden's Enlabs AB to around 3.7 billion Swedish kronor ($438.5 million) in cash, from SEK2.80 billion previously, and said that its offer is final and won't be increased. The FTSE 100 betting-and-gambling ...
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Gov. Lamont announces legislative proposal on home energy affordability Officials say the tools will be particularly important for our low-income residents who currently spend 20% of their income on energy bills.
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Texas AG files lawsuit against Griddy Energy, says company was 'misleading and deceptive' HOUSTON — Attorney General Ken Paxton's office on Monday announced the filing of a lawsuit against Griddy "for violating the Texas Deceptive Trade Practices Act through false, misleading, and deceptive advertising and marketing practices." Note: the ...
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Cheerwine Zero Sugar hits the shelves By Jessica Patrick, WRAL multiplatform producer. Charlotte, N.C. — North Carolina-based Cheerwine just gave its diet soda a new name -- Cheerwine Zero Sugar. The zero-calorie drink, which can be found in Food Lion, Harris Teeter and Lowes Foods ...
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Man hit, killed by van on Silas Creek Parkway in Winston-Salem identified Police say a 1998 Chevrolet Astro van was heading north on the parkway when 39-year-old Steven Joseph Johnson walked into the road. The van hit Johnson, inflicting life-threatening injuries.
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Hershey commits to end deforestation in its supply chain by 2030 The sweets-and-snacks company also aims to use 100% recyclable, reusable or compostable plastic by 2030. And the company is taking steps to reduce greenhouse gas emissions by 2024, including the construction of two new solar farms.
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Indy Airport Named 'Best Airport' Nine Years Straight INDIANAPOLIS - The Indianapolis International Airport has been awarded the Airports Council International's 2020 Airport Service Quality Award for Best Airport in North America. The award recognizes the airport as the very best in the world for the ninth year ...
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Vauxhall Ellesmere Port talks: Government 'absolutely committed' to protecting future of plant The Business Secretary has said the Government will continue meetings with Vauxhall and Stellantis chiefs "over the coming days and weeks" in a desperate bid to safeguard jobs at the firm's Ellesmere Port plant. It comes after owners Stellantis said they may ...
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AMC CEO goes from furlough to bonus in a wild year Aron actually will receive the bulk — 45% — of a pool of approximately $8.3 million in bonuses approved for company executives, corporate associates and theater management, according to a filing with the Securities and Exchange Commission.
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Qualcomm veteran to replace Alain Crozier as Microsoft Greater China boss A native of northeast China, Hou had a five-year stint at McKinsey & Company after he graduated from the University of Michigan and Peking University. Crozier joined Microsoft back in 1994 ...
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Turkey's 4Q GDP grows 5.9% on year Data for the quarter showed that final consumption expenditures for households rose 8.2%, government final consumption expenditure rose 6.6% and gross fixed capital formation increased 10.3% in the fourth quarter compared with the same quarter in 2019 in ...
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SpaceX now targeting Monday for Starlink launch from Kennedy Space Center After an auto-abort Sunday night, SpaceX will possibly try again to launch a Falcon 9 rocket with another round of Starlink internet satellites. The launch was called off about 1 minute prior to launch Sunday. The scrub was triggered by an automatic abort, ...
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Free mental health available over the phone To speak to a mental health professional, call 314-469-6644 between 10 a.m. and 10:30 p.m. on Tuesday, March 2. If you experience a long hold time, try calling back when a newscast is not on the air.
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With new $106M crossover round, Tenaya preps heart failure programs for the clinic — and maybe an IPO Less than a year and a half since pulling in its last round of funding, Tenaya Therapeutics is back with a crossover round that could set it up for an IPO down the road. Private and public investors have now jumped aboard the Tenaya train to the tune of a $106 ...
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Evacuations underway after vehicle hits building in Tampa, ruptures gas line This is a developing story. Please check back for updates. Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Pink's Hot Dogs to Reopen After Two-Month Closure Due to Surge in COVID-19 Cases Pink's Hot Dogs will reopen Monday after being closed for nearly two months due to the increase in coronavirus cases in the region. "One more sleep! Pink's will be re-re-opening tomorrow (Monday) morning at 9:30 am! We can't wait to be back. Stop by and ...
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Bank of Ireland to close over half of NI branches The closures come after Ulster Bank's parent company, NatWest, last month announced that it was withdrawing Ulster Bank from the Irish market. Bank of Ireland group chief executive Francesca McDonagh said: "Technology is evolving ...
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Government urges firms to take up free COVID tests 2 March 2021: Business Secretary Kwasi Kwarteng has called on UK businesses to apply for the free COVID-19 tests available to large firms to test their workforce and break the chains of transmission. In a ...
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Porter Airlines pushes back target date for resuming flights until May 19 Porter Airlines has pushed back its target for resuming operations yet again amid strict new rules for travellers returning from abroad. The Toronto-based airline had set March 29 as its latest target for resuming flights but it now says that it won't take the skies ...
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CAE to buy L3Harris military training business for US$1.05 billion In December, CAE signed an agreement to buy Merlot Aero Ltd., a leading civil aviation crew management and optimization software company, while in November it announced a deal for Amsterdam-based Flight Simulation Company BV.
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Attain Restructures, Sells Federal Business to Maximus for $430M Management, technology and compliance consulting firm Attain, LLC announced March 1 it has restructured, breaking its operating divisions into two companies. The education, nonprofit, health care, and state and local government division will remain ...
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