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5 Deals to Avoid on Amazon Prime Day 2021 Wirecutter senior staff writer Lauren Dragan notes that knockoff brands may also lack "refund and repair infrastructure," which means that "if something goes wrong with the thing you buy, and it's outside of Amazon's 30-day return policy, you have literally nobody ...
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Dollar index slips in mix of gains, losses on major currencies The dollar index traded in a narrow range on Thursday as the greenback held steady against the euro, lost ground to the British pound and Canadian dollar and gained on the Japanese yen. The diverging performances in the currencies came with changes in ...
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Money Stuff: Exxon Lost a Climate Proxy Fight Programming note: Money Stuff will be off tomorrow, back on Tuesday. Exxon. Let's say you are the chief executive officer of Exxon Mobil Corp., and your second-biggest shareholder, BlackRock Inc., comes in for a meeting. "We would like you to drill less oil, ...
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Cathie Wood's Bad Spring Is Only a Blip When the Future Is So Magnificent Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bold bets on Tesla and Bitcoin have faltered. But for the superstar portfolio manager, there's always five years from now. By. Ben Steverman. @bsteverman ...
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Fed's Kaplan cites real estate excesses as one reason to start tapering purchases Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market as a reason for the central bank to start easing back on its monthly asset purchases. Kaplan told CNBC the $120 billion a month in asset purchases may be ...
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Crypto And Blockchain Startups Set Their Sights On The Global Payment Industry When Tesla announced in February that it would accept bitcoin for its electric vehicles, the crypto world rejoiced. Here was a publicly traded company, fronted by a billionaire publicity machine, endorsing its status as a medium of exchange. The asset's ...
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Southwest Airlines bans passenger who 'seriously assaulted' flight attendant Sonya Lacore, Southwest's vice president of in-flight operations, announced the ban in a memo to flight attendants about the now-viral incident. "As we've communicated previously, we do have ...
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Gap sales top pre-pandemic levels as turnaround efforts gain traction, retailer raises 2021 outlook Gap's fiscal first-quarter sales surpassed pre-pandemic levels. Shoppers turned to Old Navy and Athleta to refresh their wardrobes for summer, the company said. Gap's namesake banner in North America showed early signs of improvement and e-commerce ...
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FIGS is the first company to go public led by two female cofounders On Thursday morning, Heather Hasson and Trina Spear rang the opening bell as their company, FIGS, began trading on the New York Stock Exchange. The milestone was notable for more than just the direct-to ...
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Dell, HP Inc. Fall on Concerns Strong PC Sales Have Peaked Dell Technologies Inc. and HP Inc. reported revenue and earnings that showed consumers and companies continue to buy personal computers even as pandemic lockdowns ease in some parts of the world. The strong results didn't help the stocks, which ...
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This $5 billion insurance company likes to talk up its AI. Now it's in a mess over it Those now-deleted tweets had said, among other things, that the company's AI analyzes the videos that users submit when they file insurance claims for signs of fraud, picking up "non-verbal cues that traditional insurers can't, since they don't use a digital claims ...
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Bank CEOs Sidestep Democrat Rebukes on Overdraft Fees, Lending House Financial Services Committee Chairwoman Maxine Waters set the tone at a Thursday hearing -- the second this week featuring the heads of the six largest U.S. banks -- by blasting the industry for raking in "billions in overdraft fees" last year when millions ...
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AMC Defies Gravity as Retail Traders Propel Gains to 1150% AMC Entertainment Holdings Inc. capped its best trading session in four months, pushed higher by eager retail investors who celebrated vaulting the company's market value to a record $13 billion on social media. Shares soared 36% to $26.52 as 691 million ...
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'That's on TikTok, not our menu': Starbucks baristas can make viral drink orders but need time and patience Bianca Ruiz, a Starbucks barista, said three weeks ago a 12-year-old customer ordered a drink called "orange passion sunrise." Ruiz has worked at the Granada Hills location in Los Angeles for over a year but had never heard of that drink. It also isn't on the ...
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Gap CEO says the retailer's 'cool' factor and Walmart's scale make tie-up the perfect match Gap CEO Sonia Syngal thinks Walmart is the perfect partner for the apparel retailer, as the two companies endeavor to launch a new home brand together. "This is a new chapter for us," Syngal told CNBC's Jim Cramer. "We're excited about the scale of ...
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Snowflake Rebounds as Investors Focus on Hyper-Growth Over Valuation Snowflake had an impressive first quarter, but its stock is one of the market's most expensive software plays. Dreamstime. Snowflake shares have turned positive after an initial selloff following the company's ...
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Best auto insurance in Georgia with bad credit Insurance companies use credit scores in setting car insurance premiums because data indicates that a person's ability to manage financial affairs is often a good indicator of the likelihood of the driver generating more or less insurance claims. Carriers adjust ...
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Cramer: Investors must not rush to judgment right after an earnings report Investors must avoid making snap judgments about quarterly earnings and other corporate headlines before buying or selling a stock, CNBC's Jim Cramer said Thursday. The "Mad Money" host said the negative initial reaction to Snowflake's financial results ...
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Shoppers returning to stores across US, 'ready to get on with life' Americans are going back to one of their favorite pastimes: store shopping. With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy's are seeing an eager return to their stores after more than a year of their customers ...
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Gates Divorce Forces $50 Billion Foundation to Weigh Changes Bill Gates and Melinda French Gates are considering making changes to their foundation in light of their recently announced divorce. "As I told foundation employees last week, I'm actively discussing with Bill and Melinda steps they and Warren might take to ...
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Tellurian Cuts SPA to Supply Gunvor in Potential Step Forward for Driftwood LNG Tellurian Inc. said Thursday it has signed a deal to supply a subsidiary of global commodities trader Gunvor Group Ltd. with 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal in Louisiana.
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Nvidia Stock Fell After Blockbuster Earnings. Why Some Analysts Are Getting More Bullish. Nvidia, after all, has beat earnings expectations every quarter since 2016, the earliest data available in FactSet. The same is true for revenue except for back-to-back quarters—one in 2018 and one in 2019—when $400 million of excess graphics processor ...
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After 50 years, MTA finally wraps 'major construction' on $11.1 billion East Side Access project The new terminal will let the LIRR send up to 24 trains per hour into Grand Central. Cuomo joined transit honchos for a tour of the new space, and announced the Metropolitan Transportation ...
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Tesla's move from radar to vision costs it some safety endorsements — for now Tesla said Tuesday it was excluding radar sensors from its 2021 Model 3 and Model Y vehicles in North America and would have to temporarily downgrade some functionality in the cars. Consumer Reports told CNBC the Tesla Model ...
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Costco beats revenue estimates as restrictions ease Costco, like several other retailers, has benefited from the easing of pandemic-related restrictions and stimulus checks, as more people visited its cavernous stores to buy everything from groceries to sporting goods. The company ...
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STB to Class I's: Are You Prepared? In identical letters, dated May 27, Oberman expressed his concern that recent rail service problems, as reported by some shippers, may relate to a broader trend of rail labor reductions over the past several years, in addition to the pandemic-related furloughs ...
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Hawaiian Airlines ends 'Ohana by Hawaiian passenger service after seeing no way to sustainably operate The temporary suspension of passenger and cargo flights was a result of the severe decline in neighbor island travel during the COVID-19 pandemic. Hawaiian has decided to end its service permanently after assessing the overall operation and its viability in ...
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Google is now embroiled in a full class-action lawsuit over whether it underpaid women Four women who used to work for Google have won class-action status for their gender equity lawsuit against the search engine company, allowing them to represent some 10,800 women, Bloomberg reports. The lawsuit alleges that Google pays men more ...
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US Stocks Rise as Economy Shows Signs of Improvement Stocks edged higher on Wall Street Thursday as investors received more signals that the economy is continuing to heal from the pandemic. Economic reports showed that unemployment is falling and the U.S. ...
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Rolls-Royce Boat Tail is a custom stunner that's ready for a picnic Right after the Sweptail was revealed, Rolls-Royce had a number of clients asking for custom vehicles of their own, leading the company to today announce that it's spinning off Coachbuild into a division of the brand.
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Want a trip to Bermuda? CVS becomes latest to encourage COVID-19 vaccinations by offering rewards CVS, which is offering COVID-19 vaccines at 368 stores in Illinois, announced Thursday that starting June 1, people who get vaccinated by the chain can enter its #OneStepCloser sweepstakes. Thousands of prizes will be awarded through weekly drawings for ...
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Credit scores don't predict mortgage default risk Yet, subprime borrowers have been burdened over the past three decades with lousy loan features like prepayment penalties, soaring interest rates, payment adjustments and balloon payments. Meanwhile, mortgage lenders rewarded higher FICO score ...
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Google challenges Amazon ad growth with Square, Shopify deals As Amazon advertising business continues to grow and antitrust regulators focus on Google shopping tactics, Alphabet makes deals with e-commerce and payments companies for listings. Google has made it free for merchants to take out shopping listings ...
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As World Wrestles With a Chip Shortage, GM's Plants Fire Back Up Crucially, two of the plants being reopened build small sport utility vehicles popular as family haulers and rentals, potentially helping to ease a scarcity of cars available for vacationers.
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Airbnb extends party ban, occupancy limit in 'best interest of public health' Planning a summer getaway at an Airbnb? You'll have to keep the guest list to 16 or fewer people. The short-term rental platform announced Thursday that it is extending its global ban on parties through at least the end of the summer. The policy, which caps ...
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Utah DOT pilots Blyncsy's AI-powered road maintenance technology If you drive past potholes and faded lane dividers on your morning commute to work, chances are you'll continue to see such road blemishes until someone alerts the local department of transportation to the problem by filing a complaint. Utah-based startup ...
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5 Electric Vehicle Stocks To Watch After Ford Boosts Spending On EVs Instead, it's the legendary automaker Ford (NYSE: F) that is getting all the attention in the market as of late. Despite Tesla's announcement on its plan to advance its effort to develop autonomous vehicles, the news was arguably overshadowed by Ford's ...
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Tesla Gets a Big Boost in Washington. Investors Don't Notice. President Joe Biden has proposed a number of EV incentives since taking office. One of the bills with EV incentives embedded in it is the Clean Energy for America Act. The bill made it out of the Senate Finance Committee Wednesday with a key modification ...
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Giveaway: Kroger to offer $1M prizes, a year of free groceries to get COVID-19 vaccinations Helping with the national drive to get 70% of Americans vaccinated against COVID-19, Kroger is offering customers, workers or individuals who get the shot the chance to win $1 million or free groceries for a year. The sweepstakes are being offered in ...
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US GDP expanded at unrevised 6.4% rate in first quarter While consumer spending was revised higher, this was offset in part by stronger import growth, the government said. Advertisement. Big picture: Looking ahead, economists predict GDP will ...
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Real Estate Startup Homeward Raises $371 Million, Landing Valuation Above $800 Million Similar to i-buying firm Opendoor, the startups Ribbon and Accept.inc and a host of other new companies, Homeward provides cash to buyers so they can submit the most competitive possible offers, or buy a new property prior to selling their existing home.
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CTA to Offer Reduced Fare Promotional Passes The Chicago Transit Authority on Thursday announced a new promotion on reduced fares in an effort to support the city's reopening, according to a press release. CTA is reducing the price on three of its existing unlimited ride passes in an effort to attract new ...
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AMC soars nearly 40% thanks to more Reddit love New York (CNN Business) Get your popcorn ready! It looks like the AMC stock surge sequel may be the feel good hit of the summer. Shares of AMC (AMC) soared about 36% Thursday as investors on the popular Reddit WallStreetBets board were once again ...
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Another fintech company will open a Charlotte office, creating up to 750 jobs The announcement follows Tuesday's news that fintech Credit Karma was investing $13 million to open its East Coast headquarters in Charlotte, creating 600 jobs paying a minimum of $156,000. USAA offers insurance, ...
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Autodesk reports strong Q1, says new business is accelerating Autodesk said Q1 net income was $155.6 million, or 70 cents per share. The company's non-GAAP diluted EPS was $1.03 on revenue of $989 million, up 12% year-over-year.
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FDA approves Pylarify, PET imaging agent for prostate cancer The FDA approved piflufolastat F 18 injection, a radioactive diagnostic agent designed to identify suspected metastasis or recurrence of prostate cancer, according to the agent's manufacturer. Piflufolastat F 18 injection (Pylarify, Lantheus Holdings) is an ...
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TSA directive adds teeth to pipeline cybersecurity oversight TSA directive adds teeth to pipeline cybersecurity oversight. Under the Transportation Security Administration's new requirements, companies will need to establish a cybersecurity coordinator and report confirmed and potential cybersecurity incidents to CISA.
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3 digital side hustles (including NFTs) for creatives to build a business From selling physical goods like yoga mats to creating digital assets like digital music to turning to the budding market of non-fungible tokens (NFTs), I've been able to monetize my creativity in a number of ways with just an internet connection. Through the ...
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Black-owned businesses were more likely to turn to fintech for PPP loans - NY Fed (Reuters) -Black-owned businesses turned to fintech firms at more than twice the rate of those owned by white, Hispanic or Asian people when applying for pandemic aid under the Paycheck Protection Program, according to research by the Federal Reserve ...
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A company wants to build a massive solar project in Montana — of course it's for crypto That's according to Madison River Equity LLC, whose parent company also manages cryptomining outfit Atlas Power. As Gizmodo reports, Madison would build the solar array, then sell it to Atlas, which hopes to use it to power its cryptocurrency mining ...
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