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Oil Pares Loss With OPEC+ Panel Raising Demand Growth Outlook An OPEC+ technical committee was said to raise its global oil demand growth forecast for 2021 to 6 million barrels a day, according to delegates. Earlier, OPEC Secretary-General Mohammad Barkindo said that the group sees ...
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Exxon Accused by Activist Firm of 'Distorting' Emissions Targets Exxon Mobil Corp.'s proxy battle with a fund manager intensified after the activist investor accused the oil giant of obscuring the trajectory of its greenhouse gas emissions through disingenuous reduction targets. Exxon's chief carbon goal of cutting upstream ...
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EU sues AstraZeneca over breach of COVID-19 vaccine supply contract (Refiles to add byline, no change to text). FILE PHOTO: Vial labelled "AstraZeneca coronavirus disease (COVID-19) vaccine" placed on displayed EU flag is seen in this illustration picture taken March 24, 2021. REUTERS/Dado Ruvic/Illustration. BRUSSELS ...
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US business spending on equipment ends first quarter on strong note WASHINGTON (Reuters) - New orders for key U.S.-made capital goods rose solidly in March and shipments surged, cementing expectations that economic growth accelerated in the first quarter as massive government aid and improving public health boosted ...
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Albertsons marks 'transformational year' in fiscal 2020 Albertsons Cos. tallied double-digit gains in identical sales and saw digital sales surge over 250% in its 2020 fourth quarter and fiscal year. For the 12 weeks ended Feb. 27, net sales and other revenue totaled $15.77 billion, up 2.2% from $15.44 billion in the ...
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Gold Off To A Slow Start As Central Banks Pivot Toward Digital Currencies Some major changes could be coming soon to a central bank near you, with an estimated 90% of them at some stage of developing a central bank digital currency, or CBDC. In October 2020, the Bahamas became the first economy to introduce its own CBDC, ...
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AT&T: Answering The Doubters, Gearing Up For Growth A $190 billion debt burden, $15 billion in annual dividend payments, a shrinking pay television business that's now worth a fraction of what the company paid for it, tough competition in the core wireless business: There's no doubt AT&T Inc (T) faces some ...
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Camping World To Accept Bitcoin Payments Now, the latest company to adopt the leading crypto asset is the largest RV dealer in the U.S., Camping World, which announced today that it would start accepting BTC and other digital assets through a partnership with payment processor BitPay.
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Turkey arrests four from cryptocurrency platform Vebitcoin over fraud Turkish authorities arrested four people from cryptocurrency exchange platform Vebitcoin on Monday as part of a fraud investigation, state-owned Anadolu news agency said. Authorities had previously blocked the onshore bank accounts of Vebitcoin after the ...
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Stocks making the biggest moves midday: Best Buy, Casper Sleep, Etsy and more Employees bring a television to Steve Steward's car at a Best Buy store on Black Friday, traditionally one of the busiest shopping days of the year. Crowds are smaller this year due to the increasing popularity of on-line shopping amid concerns about the COVID- ...
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Credit Suisse Investors Face More Losses in Greensill Funds Investors in the Credit Suisse Group AG funds that invested in assets sourced by Greensill Capital may face a further $190 million loss on their holdings. A discount of roughly 7% will be applied to notes on a book of around $2.8 billion loans held in the funds, ...
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NY Community Bancorp to Buy Flagstar in $2.54 Billion Takeover Pressure is coming from giants such as JPMorgan Chase & Co., which is moving into new states and spending billions annually on digital offerings. Last week, Webster Financial Corp. agreed to purchase Pearl River, New York-based Sterling Bancorp in an all- ...
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Berkshire Hathaway's Annual Meeting Is Coming. Here's What to Expect. Berkshire Hathaway CEO Warren Buffett may field shareholder questions about the company's stock buyback program, investment activity, the acquisition environment, key subsidiaries, succession, and topics like Bitcoin and the SPAC mania at the ...
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Airlines could benefit when the EU eases restrictions on travel. U.S. airlines have been bolstered by the return of customers eager to travel within the country or just outside its borders, but the nation's largest carriers are still lamenting the loss of two particularly lucrative parts of the business: international and corporate ...
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Apple announces 1st East Coast campus in North Carolina RALEIGH, N.C. — Apple is expanding spending in the U.S. and announced plans Monday to build its first East Coast campus, in North Carolina. The iPhone maker is boosting U.S. spending to $430 billion over the next five years and doubling its hiring plans ...
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3 ETFs Perfect to Grow Your IRA That's what makes the Vanguard Total Stock Market Index ETF (NYSEMKT:VTI) an attractive ETF to consider. The fund seeks to match the performance of the total U.S. stock market while only charging a mere 0.03% expense ratio.
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Rail shippers pick sides as CP, CN bid for Kansas City Southern CN said on Monday that it was filing 409 letters of support from shippers and suppliers with the regulator, U.S. Surface Transportation Board (STB), pulling roughly even with CP's stated level of support. CP ...
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Bitcoin climbs 8% as cryptocurrency market attempts a comeback from last week's plunge Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images. LONDON — Bitcoin prices roared back Monday as the cryptocurrency market ...
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How to Make More Retirement Income Beyond Social Security Social Security is a guaranteed income source that can help you pay for expenses in retirement. The percentage of your income that this benefit will replace depends on how much you made while you were working. But for the average wage earner, it will ...
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Trading Vs. Investing: Which Is Better For Long-Term Goals? The differences between trading and long-term investing. getty. Tesla, GameStop, Hertz, Dogecoin: retail traders continue to dominate headlines in the financial news media. Some individuals may be ...
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China Widens Internet Crackdown With Meituan Monopoly Probe China's government has expanded its antitrust crackdown beyond Jack Ma's technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. The State Administration for Market Regulation announced ...
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AT&T gives gratis bump-up in fiber speeds AT&T seems re-invigorated about its AT&T Fiber offering, today announcing that it's giving its customers a free bump in speeds. The company is boosting its 100 Mbps customers to 300 Mbps, and it's bumping its 300 Mbps customers to 500 Mbps. It will still ...
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Today's Best Mortgage and Refinance Rates, April 26, 2021: Rates remain low Jumbo loan interest rate goes up, +0.01%. The average jumbo mortgage rate is 3.07 percent, up 1 basis point from a week ago. This time a month ago, jumbo mortgages' average rate was greater than 3.07, at 3.22 percent.
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Why Churchill Capital IV Stock Popped Today Churchill Capital IV is the special purpose acquisition company (SPAC) merging with Lucid Motors to take the nascent electric vehicle (EV) maker public. So what. Hopes that Lucid would partner with Apple ...
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Better Buy: AMD vs. Taiwan Semiconductor Manufacturing Aftereffects from the U.S.-China trade war and a boom in demand for tech hardware in the wake of the pandemic last year have semiconductor stocks flying high. Chip manufacturers can't keep up at the moment, and a global chip shortage is looking likely for ...
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Roku: Google's 'unfair' demands may make YouTube TV's app go dark Roku's standoff with Google concerns only the app for YouTube TV, a subscription service that streams live television as an alternative to cable or satellite. YouTube's main app on Roku is unaffected. Google's YouTube ...
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UPDATE 2-Viterra latest to build Canada canola plant as demand surges WINNIPEG, Manitoba, April 26 (Reuters) - Private agribusiness Viterra Inc said on Monday that it will build the world's biggest canola-crushing plant at Regina, Saskatchewan, and open it in late 2024, as interest in turning oilseeds into renewable fuel stokes ...
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Sanofi inks 3rd COVID-19 vaccine production pact, this time helping Moderna with fill and finish work Moderna, with one of the leading COVID-19 vaccines worldwide, is working nonstop to scale up production. It's now tapped another manufacturing partner—this time the pharma giant Sanofi—to help with fill and finish duties.
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What Wall Street Is Saying About Tesla's Recent Issues Wall Street is watching both issues. No one is changing ratings or target prices on Tesla (ticker: TSLA) stock. But they are paying attention because both issues—Tesla's full-self-driving technology, or FSD, along with the Chinese electric-vehicle market—matter ...
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Price of copper climbs to highest since 2011 as global recovery fuels metal demand Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals ...
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New Theo Chocolate snack 'improves the classic cookie experience' SEATTLE — Theo Chocolate, a maker of organic chocolate bars, is rolling into the snack segment with a new line of Cookie Bites. "This isn't a cookie cutter treat," said Jason Harty, chief marketing officer of Theo Chocolate. "We saw an opportunity to improve ...
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Luminar Partners With Airbus to Get Lidar Airborne Auto tech company Luminar Technologies (NASDAQ:LAZR) is looking to the sky, announcing on Monday a partnership with Airbus (OTC:EADSY) to develop technologies to increase aviation safety and perhaps lay the foundation for autonomous flying.
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GE Stock Tests Buy Point, Raytheon Extends Breakout With Earnings Due General Electric (GE) earnings Tuesday could put the spotlight on the GE stock dividend, as cash flow improves and after Raytheon Technologies (RTX) raised its dividend Monday. GE stock rose modestly, briefly clearing a buy point. Raytheon stock also rose ...
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UAB named one of America's best employers for diversity by Forbes The University of Alabama at Birmingham ranks number 4 on Forbes magazine's list of best employers for diversity. UAB's diverse community brings connections both to social and ethnic groups and to individual life experiences, Forbes stated in its listing.
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Why Fortuna Silver Mines Stock Tanked 15% Early Today So what. Fortuna is buying fellow Canadian precious metals miner Roxgold in a stock and cash deal. Roxgold shareholders will receive 0.283 shares of Fortuna for each share of Roxgold they own. In addition, each Roxgold share will bring a cash payment of ...
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CEO of COVID-19 vaccine maker sold $10M in stock before company destroyed Johnson & Johnson doses The CEO of Emergent BioSolutions, the government contractor that destroyed 15 million doses of Johnson & Johnson's COVID-19 vaccine, sold more than $10 million worth of his stock in the company before its share prices plummeted. Securities filings show ...
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UPDATE 2-UK fraud office's criminal case against former Serco execs falls through (Adds second lawyer comment). April 26 (Reuters) - Britain's fraud watchdog's bid for a criminal trial of two former Serco executives over prisoner-tagging contracts collapsed on Monday when a court threw out the case on procedural grounds. A judge refused ...
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What's Next For American Eagle Stock After A 7% Rise This Week? According to the Trefis Machine Learning Engine, which identifies trends in a company's stock price, returns for AEO stock average around 2.3% in the next one month (twenty-one trading days) period after experiencing a 7.2% rise in a week.
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Dorman Products Is A Buy For Small-Cap Growth Investors Shares of Dorman Products (NASDAQ: DORM) are pulling back after reporting Q1 results not because results are weak but became the analysts had been expecting a little more. Next.
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To be frank, I do not know how to value Honest Company The Honest Company, a heavily venture-backed consumer goods company, announced an IPO price range this morning, telling investors that it expects to sell shares in its debut at $14 to $17 apiece. The former startup is selling 6,451,613 shares in its debut, ...
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Carlyle to acquire Unchained Labs for $435 million (Reuters) - Carlyle Group has agreed to buy a majority stake in life sciences company Unchained Labs for $435 million, the private equity firm said on Monday. The move underscores growing private equity interest in life sciences businesses, including ...
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Tenet Massachusetts hospital, nurses agree to first talks since March 8 strike Saint Vincent Hospital in Worcester, Mass., and the union representing 800 nurses at the facility will resume negotiations April 26, the first talks since nurses went on strike March 8, according to both sides. A federal mediator scheduled the talks April 23, after ...
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Otis Shares Going Up on Earnings Report, Elevated Guidance Otis Worldwide OTIS shares ascended to a record Monday, after the elevator maker reported stronger-than-expected first-quarter earnings and lifted guidance. The stock recently traded at $75.35, up 5.7%. The stock on Monday touched a peak of $76.86, up ...
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UniQure stock is up after FDA lifts clinical hold on experimental gene therapy All participants in the trial will continue to receive abdominal ultrasounds for at least six months. "We still view the official clearance from the agency as an important de-risking event for QURE shares," Raymond James analyst Danielle Brill wrote in an investor ...
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Report: Ohio has largest weekly gas price increase in the country CINCINNATI (WKRC) – This is certainly a statistic in which you do not want to be number one. According to AAA, Ohio has the largest average weekly gas price increase (+12 cents) in the country at $2.82 per gallon. GasBuddy also reports Cincinnati prices ...
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Nathan's Famous Partners With Meatless Farm to Launch First Gourmet Plant-Based Hot Dog JERICHO, N.Y.--(BUSINESS WIRE)--Apr 26, 2021--. Nathan's Famous, Inc., the American tradition serving New York favorites for more than 100 years, announced today its partnership with Meatless Farm, the mission-driven plant-based food company to ...
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Nestle in talks to buy The Bountiful Co. before IPO Swiss food giant Nestle on Monday confirmed that it was in talks to acquire "all or part of" The Bountiful Company. The maker of Nature's Bounty vitamins is backed by private-equity firm KKR & Co. and had been planning a U.S. initial public offering. Nestle's ...
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Dunkin' Launches Coconutmilk with Refreshers and Iced Latte Dunkin' Coconutmilk beverages. Dunkin'. Dunkin's introduction of coconutmilk continues the brand's commitment to bringing guests more non-dairy options for customizing their favorite coffee, espresso, specialty, and tea- ...
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Reviva's stock jumps after experimental schizophrenia drug meets endpoint in Phase 2 clinical trial Reviva said that the investigational therapy, brilaroxazine, met all safety endpoints and helped with "social functioning and cognition" in the randomized, placebo-controlled, double-blind Phase 2 clinical study. Reviva's stock is down 14.6% so far this year, while ...
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Broth concentrate sold at Wegmans might contain hydraulic oil A brand of beef bone broth concentrate sold at Wegmans stores is being recalled because it may contain hydraulic oil. Akron, Ohio-based More Than Gourmet is voluntarily recalling its 12-ounce Kitchen Accomplice Organic Beef Bone Broth Concentrate and ...
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