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OPEC+ sticks to plan to ease oil output cuts from May 1 DUBAI/MOSCOW/LONDON (Reuters) - OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, ...
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JPMorgan Tells US Staff They're Due Back in Office in July JPMorgan Chase & Co. became the first major U.S. bank to mandate a return to offices for its entire U.S. workforce as soon as July. The lender's top decision-making body, led by Chief Executive Officer Jamie Dimon, said in a memo to staff Tuesday that it ...
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Another tech company bans employees from talking politics at work. Basecamp, a company that makes productivity software, said on Monday that it had "made some internal changes," including a ban on talking about politics at work. "Every discussion remotely related to politics, advocacy or society at large quickly spins away ...
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With Debit Cards And Investing For Kids, Fintech Startup Greenlight Doubles Valuation To $2.3 Billion Andreessen Horowitz led the latest round, which closed last week, joining investors including TTV Capital and Canapi Ventures (which co-led Greenlight's Series C), Wells Fargo Strategic Capital, Fin VC, Owl Ventures and Liontree Partners.
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PRECIOUS-Supply woes propel palladium to new peaks, gold awaits Fed ... * Palladium hits new record high of $2,962.50/oz * Palladium could break above $3,000 by next month- analyst (Adds comment, updates prices) By Eileen Soreng April 27 (Reuters) - Palladium prices scaled a record peak on Tuesday on persistent supply ...
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Lilly Cuts Forecast After US Covid Drug Order Cancelled Eli Lilly & Co. cut the high end of its 2021 forecast after the U.S. canceled an order for the drugmaker's solo Covid-19 antibody to focus on its combination treatment. Adjusted earnings will top out at $8 a share, Indianapolis-based Lilly said Tuesday in a ...
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What women should know about the Johnson & Johnson coronavirus vaccine The agencies previously had decided to pause administration of the vaccine due to cases of an extremely rare blood clotting disorder found in six women between the ages of 18 and 49 who had gotten the shot.
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Why Novartis Missed Wall Street Q1 Estimates Novartis reported revenue in the first quarter of $12.4 billion, up 1% year over year on a reported basis but down 2% on a constant-currency basis. This result fell short of the average analyst estimate of $12.5 billion.
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Warren Buffett Generates Half of His Dividend Income From These 3 Stocks This trio will pay out $2.16 billion this year to Berkshire Hathaway. Sean Williams. (TMFUltraLong).
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News Corp Scraps Plans to Launch Fox News-Style UK Network With a channel said to be not financially viable, the company will focus on producing streaming video content. David Rhodes will leave his consultant role at News UK, but keep advising the parent company. Rupert Murdoch's News Corp will not launch a fully ...
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Is PayPal the Cathie Wood Stock for You? Her firm, ARK Invest, operates several exchange-traded funds (ETFs) based on this philosophy, and one of the top holdings in Wood's Ark Fintech Innovation ETF, at right around 4%, is PayPal Holdings (NASDAQ:PYPL).
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Beyond Meat CEO hangs posters with critics' negative comments in his office: 'You have to let it fuel you' Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019.
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Ford to accelerate battery development with $185M 'Ford Ion Park' lab in 2022 Ford Motor Co. said Tuesday it plans to accelerate battery development by devoting a team of 150 people to a new "Ford Ion Park," described by the automaker as a $185 million project focused on technology research — "including the future of battery ...
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Eutelsat to speed up in mega constellations race with OneWeb stake The cash-only transaction, which is the biggest M&A deal for Eutelsat's chief executive Rodolphe Belmer since he took office in 2016, will make the company OneWeb's third-biggest shareholder after the British government and India's Bharti Global.
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Homebuilders' Pain to Spell Record Earnings for Lumber Producers When Kris Taylor set out to build a lake house last October, he budgeted $40,000 for lumber. But a pandemic-fueled homebuilding frenzy that's catapulted lumber prices into uncharted territory more than doubled his expected costs. Taylor ultimately moved ...
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New Jersey regulators extend nuclear subsidies for PSEG/Exelon reactors New Jersey utility regulators on Tuesday voted unanimously to extend subsidies, called Zero Emission Certificates (ZECs), for the state's three nuclear power reactors at Salem and Hope Creek for an additional three years. The reactors are owned in whole or ...
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Lotus to launch last pure petrol sports car The sportscar maker Lotus has announced that a new model, to be called the Emira, will be its last conventionally powered car. The new design forms part of a major overhaul of the Norfolk-based business, which is controlled by China's Geely. Managing ...
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US FCC Approves SpaceX Satellite Deployment Plan By David Shepardson. WASHINGTON (Reuters) -The U.S. Federal Communications Commission (FCC) said on Tuesday it had voted to approve a SpaceX plan to deploy Starlink satellites at a lower earth orbit as part of the company's push to offer ...
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Labor board will hear objections to Amazon union election on May 7 Last week, the RWDSU requested a hearing to review claims that Amazon illegally interfered in the union drive, which ended in a lopsided defeat for the union.
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Forget Coinbase: These Stocks Are Infinitely Smarter Buys Although all eyes have been on special purpose acquisition companies, or SPACs, for much of the past year, it's actually a traditional initial public offering (IPO) that's currently the hottest new issue on Wall Street. I'm talking about cryptocurrency trading platform ...
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Why $3 million in unsold Girl Scouts cookies are just sitting in Atlanta warehouse There's a warehouse in Georgia that's currently home to nearly $3 million worth of Girl Scout cookies, and it's a sweet tooth's paradise. But for local Girl Scouts, the massive display of boxes is just another reminder that this year's cookie-selling season didn't ...
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Auto group backs guidelines for partially automated vehicles DETROIT (AP) — The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them. The Alliance for Automotive ...
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Comcast RISE Awards $1M in Grants to 100 BIPOC-Owned Small Businesses in Chicago, Cook County The $1 million in local grants is part of a $5 million multi-city initiative designed to support BIPOC- (Black, Indigenous and other People of Color) owned small businesses in Chicago and Cook County, as well as Atlanta, Detroit, Houston and Philadelphia, that ...
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Amazon Reaches 200 Million Prime Members: Here's Why That's a Big Deal In a shareholder letter dated April 15, Amazon (NASDAQ:AMZN) CEO Jeff Bezos announced, among other things, that the company he founded has signed up 200 million Prime members. A remarkable feat, no doubt. The coronavirus pandemic certainly ...
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Gilead, Merck to help India access COVID-19 drugs as country's crisis deepens Dive Brief: Drugmakers Gilead and Merck & Co. are taking steps to expand access in India to their antiviral medicines for coronavirus infections as COVID-19 cases and deaths in the country surge to ...
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FDA considers ban on menthol cigarettes David Cato looked at his pack of cigarettes and the one smoke left in it. It was early in the morning. He hadn't eaten breakfast yet. And, in his months-long attempt to break a 40-year habit, he was at his daily crossroad — whether to buy another pack or resist ...
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BP Earnings Surged Past Expectations. Here's What It's Doing With the Profits. BP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than tripled in the first quarter. The London-listed energy giant cited "exceptional" gas marketing and trading performance and higher oil prices ...
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How an Idaho town became the country's hottest emerging real estate market Springfield, Ohio; Billings, Mont. Spokane, Wash. Lafayette-West Lafayette, Ind. Reno, Nev. Concord, N.H.; Manchester-Nashua, N.H.; Santa Cruz- ...
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Why Aldeyra Therapeutics Stock Is Soaring Today Shares of Aldeyra Therapeutics (NASDAQ:ALDX) were soaring 26.6% higher as of 10:54 a.m. EDT on Tuesday. The big jump came after the company announced positive top-line results from a late-stage study evaluating reproxalap in treating allergic ...
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This Pharma Giant Lost the Vaccine Race, But Its COVID-19 Journey May Not Be Over We saw a few of its peers, Johnson & Johnson and Pfizer, get their COVID-19 vaccines approved for mass manufacturing and commercial use, with governments from all over the world lining up to buy their jabs. However, Merck isn't out of the race yet; it, too, ...
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The Best (and Worst) States for Remote Work A recent study ranked all 50 states and Washington, D.C., to find where working from home was most attractive to workers and employers.
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ADT to Ring: The Blue Octagon Is Our Thing ADT is suing Amazon's Ring for allegedly copying its blue, octagonal ADT lawn signs. Acording to the lawsuit, which accuses Ring of trademark infringement and unfair competition, Ring last month introduced a new product that ...
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Europe Is Trying to Reclaim Its Lost Chipmaking Glory One key goal for European officials is to produce advanced semiconductors that are more efficient than the chips currently made by industry leaders like Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. But questions remain about ...
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Sephora at Kohl's to host blockbuster lineup of over 125 beauty brands The superstar lineup includes Drybar, The Ordinary, Drunk Elephant, Fenty Beauty, Tatcha, Milk Makeup, Tarte, Too Faced and Anastasia Beverly Hills, among many others.
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Archegos hit tops $10B after UBS, Nomura losses The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund's collapse. Archegos, the family office of Bill Hwang, wreaked havoc across Wall ...
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DoorDash Revamps Restaurant Commissions With New Pricing Plan DoorDash Inc. -- the largest food delivery company in the U.S. -- unveiled a new pricing structure for U.S. restaurants listed on its apps, aiming to give more flexibility and choice to eateries that have complained of high fees. Starting Tuesday, restaurants that ...
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US Home Prices Rose 11.9% in February, Fastest Since 2014 WASHINGTON (AP) — U.S. home prices rose in February at the fastest pace in nearly seven years as strong demand for housing collided with a tight supply of homes on the market.
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GM makes Time's 100 Most Influential Companies: Here's why General Motors has made TIME100's first-ever Most Influential Companies list in its stated quest for electric vehicle dominance — though CEO Mary Barra admits GM still has to "put a few more points on the board." GM, Tesla and Volkswagen Group are the ...
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Why Crocs Stock Rallied 15% at the Open Today Shares of the footwear maker got a boost from its earnings results, and a little bit more.
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Myriad Genetics Signs Definitive Agreement to Sell Myriad myPath® Melanoma, LLC, Laboratory to Castle Biosciences SALT LAKE CITY, April 27, 2021 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ: MYGN), a leader in genetic testing and precision medicine, announced that it has signed a definitive agreement to sell the Myriad myPath Melanoma, LLC, Laboratory, ...
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Canadian Software Maker Clio Valued at $1.6 Billion in New Funding Round Clio, which provides software for law firms, has raised the money from funds and accounts advised by T. Rowe Price Associates Inc. and from OMERS Growth Equity. The company's earlier investors include TCV, Bessemer Venture Partners and JMI Equity.
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Paccar stock rallies after record profit and revenue beat expectations "Customer demand for Kenworth, Peterbilt and DAF trucks is very strong," said Chief Executive Preston Feight. "Truck deliveries increased in the first quarter of 2021 compared to the fourth quarter of 2020 despite the undersupply of semiconductors affecting the ...
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BitTitan acquires Perspectium to bolster IT service management software BitTitan CEO Geeman Yip at the GeekWire Awards. (GeekWire Photo / Kevin Lisota). The news: BitTitan, a Seattle-area cloud services provider, announced the pending acquisition of Perspectium, a 75-person company that helps companies manage their ...
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Amazon to Roll Out Prime In-Garage Grocery Delivery Nationwide Prime members who use the service must have a myQ Smart Garage compatible door opener. According to the manufacturer Chamberlain Group, most garage door opener brands made after 1993 are compatible. The myQ app ...
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PNC to target $88B in economic opportunity loans, mortgages to low- and moderate-income borrowers PITTSBURGH – Kentucky residents are among those eligible to seek part of $88 billion in loans, investments and other financial support The PNC Financial Services Group Inc. announced today to bolster economic opportunity for low- and moderate-income ...
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UK's waterdrop brings sustainable 'microdrinks' to the US U.K.-based drink startup waterdrop is debuting in the U.S., according to a press release emailed to Food Dive. The company sells "microdrinks" — hydrating compact sugar-free cubes that dissolve in water. It also sells steel, glass and bamboo bottles.
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Raytheon Rises After Beating Profit Estimate, Lifting Year Guidance Shares of Raytheon Technologies (RTX) - Get Report were higher after the aerospace-and-defense company reported first-quarter earnings that topped estimates and lifted its full-year guidance. Raytheon also increased its share-repurchase plan to $2 billion ...
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Encore Boston Harbor opens COVID-19 vaccination clinic Encore Boston Harbor on Tuesday opened a COVID-19 vaccination clinic in partnership with its home city of Everett and the Cambridge Health Alliance system. A spokeswoman for the casino said the site would be able to vaccinate about 300 people daily, ...
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What time does 'Way Day' start? Everything to know about Wayfair's biggest sale of the year The mega two-day shopping event is back on its usual schedule. Last year, "Way Day" took place in September, most likely due to the coronavirus pandemic. Here's everything you ...
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Centene has added 320K members on ACA exchanges under special enrollment period Centene Corporation has added 320,000 new members in its marketplace plans so far this year, thanks in large part to the extended special enrollment period launched due to COVID-19. CEO Michael Neidorff said on a call with investors Tuesday morning ...
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