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Europe's Banks Are No Longer as Afraid of an Economic Meltdown Deutsche Bank AG, Banco Santander SA and Lloyds Banking Group Plc are among the firms to argue that rosier economic prospects justify such moves. Rainy Day Fund. Some ...
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Consumer Brands Eye Public Markets Allbirds and Panera are looking to cash in on investor interest in business models pitched for postpandemic habits.
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Blank Checks Are Rarely Good. Are SPACs The Exception? Special Purpose Acquisition Companies, or SPACs, are the new way to go public on Wall Street. Current financial market settings, an appetite for novelty, and excessive liquidity are fueling this recent market frenzy. SPAC has reached 53% market share vs ...
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OpenClassrooms raises $80 million for its online education platform GSV, the Chan Zuckerberg Initiative (CZI) and Salesforce Ventures also participated in today's funding round. Existing investors General Atlantic and Bpifrance invested once again in the company. OpenClassrooms covers many different fields, from ...
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Dollar drifts higher before Fed decision The U.S. dollar drifted higher on Wednesday as investors moved to the sidelines ahead of a U.S. Federal Reserve policy statement and a speech by Joe Biden later in the day where the U.S. president is set to announce more stimulus plans. Though the ...
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Taiwan Races To Remedy Car Chip Shortage But No End In Sight, Says Economy Minister But the Taiwanese government's economic chief says it is still unclear when the crisis will be over. Taiwan's Economy Minister Wang Mei-hua told NPR that Taiwanese microchip producers, like world-leading Taiwan Semiconductor Manufacturing ...
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Gamified connecting rowing machine maker Ergatta raises $30M Nowhere does that question loom larger than fitness. Connected home machines have undergone a seismic shift over the past year, but once gyms safely reopen, how much will that industry peter out? The likeliest answer ...
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MessageBird acquires SparkPost for $600M using $800M Series C extension Let's start with the acquisition. MessageBird CEO Robert Vis says his company had an email component prior to the acquisition, but the chance to pick up the largest email provider in the world was too good to pass up.
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One of Autopilot's features was active in fatal Tesla crash Autopilot is a suite of driver assistance features, including traffic-aware cruise control and Autosteer, according to Tesla's website. Traffic-aware cruise control matches the speed of the car to surrounding traffic, while Autosteer assists in steering in clearly marked ...
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Shopify rides online shopping wave to crush profit, revenue estimates U.S.-listed shares of the Ottawa-based company rose nearly 5% in early trading on Wednesday, while its Canadian stock gained 4%. "Shopify saw real strength again during the quarter, and ...
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Discovery Shares Fall as Streaming, Ad Sales Disappoint Discovery Inc., the owner of cable channels such as HGTV, TLC and Animal Planet, tumbled after reporting streaming subscribers and advertising sales that disappointed investors. Discovery launched Discovery+ on Jan. 4, betting that unscripted shows ...
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Boeing Shares Fall After Reporting Another Quarterly Loss Boeing Co. (BA) - Get Report posted a wider-than-expected first-quarter loss Wednesday, its sixth in succession, as it cautioned that the COVID pandemic continues to challenge the global aircraft market. Boeing said its adjusted core loss for the three months ...
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India's Zomato cashes in on demand for online food orders, files $1.1 bln IPO In India, Zomato battles competitors such as Accel backed Swiggy and Amazon. While Swiggy and Zomato dominate the Indian food delivery market, which research firm RedSeer estimates is worth $4.2 billion, Amazon remains a relatively new and smaller ...
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China Cuts Steel Import Tariffs to Push Industry to Improve BEIJING (AP) — China suspended some import taxes on steel Wednesday as part of a multiyear campaign to use market pressures to force Chinese producers to shrink and become more energy efficient and profitable.
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CES 2022 will return to Las Vegas in person Around 1,000 companies -- including Amazon, AMD, AT&T, Daimler AG, Dell, Google, Hyundai, IBM, Intel, Lenovo, LG, Panasonic, Qualcomm, Samsung and Sony -- are on board for the event, according to the CTA, with more being added.
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Dogecoin shoots higher as Musk calls himself, 'The Dogefather' Dogecoin DOGEUSD, +19.00% rose as high as 34 cents, and recently rose 21%, after Tesla Chief Executive Elon Musk gave another tweet endorsing the cryptocurrency. He plugged his upcoming Saturday Night Live performance by calling himself the ...
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Starbucks Stock Slips on Mixed Earnings. The Pandemic Keeps Hitting Sales. Starbucks stock fell early Wednesday after the coffee giant reported fiscal second-quarter earnings. The results offered both good and bad news, mirroring the uneven nature of the world's vaccine rollouts and Covid-19 case counts. Starbucks (ticker: SBUX) ...
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The 1 Thing You Should Know About Cruise Line Stocks Before You Buy It's not all good news, of course. They are burning through gobs of cash. Cruise ships aren't returning to profitable sailings anytime soon, and the fleets themselves have been streamlined. It will take ...
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Tesla discloses notice from EPA alleging noncompliance with the Clean Air Act of 1963 "While the outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business." In February, Tesla had disclosed that the EPA was reviewing compliance of its Fremont Factory with requirements ...
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Ram TRX becomes the Hennessey Mammoth SUV with 1000-plus HP This is the HPE Mammoth, a seven-seat SUV with 1,012 horsepower and 969 pound-feet of torque. Yowza. With the newfound power, HPE said the Mammoth will scoot from 0-60 mph in 3.2 seconds.
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Passengers on HNL-bound flight sue United Airlines after plane experienced engine failure A man from Hawaii is among six passengers on Flight 328 who are suing the airline. According to the Federal Aviation Administration, the Boeing 777 experienced a "right-engine failure shortly ...
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Why gas stations across America could run out of gas this summer "We've been dealing with a driver shortage for a while, but the pandemic took that issue and metastasized it." By. Jenna Romaine | April ...
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Wayfair's 2-day Way Day sale offers up to 80% off home, outdoor furnishings and more Fans of Wayfair have been waiting for this: Wayfair's giant two-day Way Day sale is here. It runs Wednesday and Thursday only, so if you're looking for a specific item - or just a way to freshen up your home or outdoor space - don't delay. These online deals ...
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Reckitt reports double-digit growth in India health business Packaged consumer goods company Reckitt on Wednesday reported double-digit growth in its India health business with disinfectant brand Dettol reporting strong revenue growth while its hygiene business, comprising of brands such as Harpic and Lizol ...
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Six Flags New England to open May 14 "We are beyond thrilled that we can reopen our theme park with a full complement of our more than 100 rides, attractions, and unique experiences," said Six Flags New England Park President Pete Carmichael. "Now more than ever, families need an escape ...
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#AANAM – Survey Shows More Cannabis Products Used for Pain, Mood People with Parkinson's disease are using more cannabis-based products, especially those containing cannabidiol (CBD), as a treatment option to ease symptoms such as pain and mood, as well as to improve sleep, according to the results of an online survey.
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Nestle to cut almost 600 jobs and shut Newcastle factory The world's largest food company wants to close its site in Fawdon by the end of 2023 and focus production on factories in York and Halifax. It said 573 jobs would be "put ...
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Stanley Black & Decker: Q1 Earnings Snapshot NEW BRITAIN, Conn. (AP) _ Stanley Black & Decker Inc. (SWK) on Wednesday reported first-quarter net income of $487.4 million. The New Britain, Connecticut-based company said it had net income of $2.98 per share. Earnings, adjusted for costs related to ...
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Microsoft sales jump on cloud computing; shares slip on lofty forecast Microsoft reported quarterly sales and profit that topped analysts' estimates for a ninth straight quarter, lifted by booming cloud-computing demand. This time, investors weren't satisfied. Sales in the period ended March 31 rose to $41.7 billion, the ...
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Texas Instruments sales, earnings jump on strong demand Texas Instruments is gaining traction as demand for chip technologies heats up. The Dallas semiconductor company reported sales that grew at an even faster pace during the first quarter, a report Tuesday showed. Earnings continued to expand, and the ...
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US ups funding for Moderna Covid-19 vaccine as total nears $6B The US government poured money into Moderna as it sought to speed its Covid-19 vaccine to market. In hindsight, the investments worked, and the US may end up investing about $6 billion in Moderna's vaccine when all is said and done, according to a ...
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Mondelez: Q1 Earnings Snapshot CHICAGO (AP) _ Mondelez International Inc. (MDLZ) on Tuesday reported first-quarter earnings of $961 million. The Chicago-based company said it had net income of 68 cents per share. Earnings, adjusted for non-recurring costs, came to 77 cents per share ...
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Visa sees pandemic 'storm' clearing Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world's biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending. Payment ...
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Vaccine Hoarding May Backfire on Rich Nations as India Reels For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, they're being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
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Hero MotoCorp unveils prices of latest Harley-Davidson range of bikes The bikes are tagged between Rs 10.11 lakh and Rs 34.99 lakh in India (ex-showroom). The 2021 Iron 883 is priced at Rs 10.11 lakh, Forty-Eight at Rs 11.75 lakh, ...
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TSMC named a 'Titan' on Time's list of 100 Most Influential Companies Taipei, April 28 (CNA) Taiwan Semiconductor Manufacturing Company (TSMC) has made Time magazine's inaugural list of "100 Most Influential Companies" and has been categorized as a "Titan." Time's new list comprises "businesses making an ...
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Beavers chewed through a cable and knocked out internet service to hundreds in a Canadian town A colony of beavers gnawed through a fiber optic cable near their dam over the weekend, disrupting internet service for hundreds of residents in Western Canada. Officials in the District of Tumbler Ridge said the area suffered "a sudden and unexpected" ...
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Who have provinces pegged to receive COVID-19 vaccines in the coming weeks? Health Canada anticipates a total of 36.5 million doses from Pfizer-BioNTech, Moderna and the Oxford-AstraZeneca vaccine from the Serum Institute of India by June 30. Provinces initially suspended giving AstraZeneca shots to people ...
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GameStop cashes in on Reddit surge with big stock sale The company's stock has been on a tear, even though several hedge funds and other short sellers have been betting against it. That's thanks to the new strategy put into place by Ryan Cohen, the co ...
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Rupee Gains To 74.36 Against Dollar Amid Strong Rally In Domestic Equities Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 74.49 against the American currency and registered an intra-day high of 74.29. ForexEdited ...
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Charles de Vaulx, IVA's noted value investor, found dead at New York offices NEW YORK — Charles de Vaulx, chairman and chief investment officer of International Value Advisers, has died, the firm said on its website, and research firm Morningstar reported the award-winning portfolio manager had apparently taken his own life.
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Measure to ensure long-term care facilities have visitation plan signed into law OKLAHOMA CITY (KFOR) – A bill to ensure that long-term care facilities have a visitation plan in place in the event of future emergencies similar to the COVID-19 pandemic has been signed into law. Sen. Greg McCortney said while strict no visitor policies ...
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Suspended transparent pool to connect buildings LONDON (WLNS) – A development in London is now preparing to open the world's largest freestanding acrylic pool structure. Labeled the Sky Pool, it is a transparent-bottom pond that will be suspended 115 feet over the ground. In addition, it will connect the ...
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