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US Banks Could Shed 200000 Jobs in Decade in Efficiency Drive The eliminations are likely to accelerate as the economy reopens following the Covid-19 pandemic and conditions normalize, Wells Fargo analysts led by Mike Mayo said in a note, adding that "this will be the biggest reduction in U.S. bank headcount in history." ...
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Fed's Bostic says there's no reason to change policy despite inflation fears Atlanta Federal Reserve President Raphael Bostic told CNBC he's comfortable with ultra-loose policy even as inflation gains steam. · Bostic said inflation is healthy for the economy, particularly at a time when unemployment remains a problem.
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Fed's Clarida Says Not Yet Time to Start Taper Talk Federal Reserve Vice Chair Richard Clarida said the weaker-than-expected U.S. jobs report showed the economy had not yet reached the threshold to warrant scaling back the central bank's massive bond purchases. "Through that April employment report, ...
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Ulu Ventures Soars Above its Target By Raising $138 Million As One Of The Largest Latina-Led Firms Miriam Rivera is not your typical VC. The cofounder, CEO and managing director of Ulu Ventures was raised by parents from Puerto Rico who came to the mainland U.S. as migrant farmers. She credits her early immersion in computer education for setting her ...
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Harley's shares hit 3-year high on EU-US trade truce CHICAGO (Reuters) -Harley-Davidson Inc's shares soared to their highest level in over three years after the European Union decided to suspend a planned increase in retaliatory tariffs on its motorcycles as part of a partial trade truce with the United States.
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Capital Pouring Into Sustainable Investments Is a Sign of Bigger Disruptions to Come The rise of sustainability and the incorporation of environmental, social, and governance considerations into portfolios is one of the biggest investing trends of 2021. But amid all the buzz about the amount of capital flowing into sustainable investments, there ...
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Target, CVS, Starbucks and other retailers ease mask mandates for fully vaccinated customers Starbucks, CVS and Target won't require fully vaccinated customers to wear masks inside stores, except when required by law. The policy changes come after the Centers for Disease Control and Prevention updated its guidance on mask wearing. Walmart ...
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AT&T Looks to Ditch Debt Throne in $43 Billion Deleveraging Push AT&T Inc. was once the poster child for firms willing to sacrifice their credit ratings for the sake of debt-fueled acquisitions. Now, the company is making its biggest push yet to cut debt and ditch its long-held status as the world's largest borrower. The telecom ...
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The Future Of Retail Is In This Store That's what Ben Kaufman, the founder of a retailer called "Camp," told me in a recent conversation. But Kaufman was being humble. The five-store retailer he first opened in 2019 addresses head on the key question facing retailers right now: what's the future of ...
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PRECIOUS-Gold scales 3-1/2 month peak on subdued stocks, US yields ... * U.S. Fed minutes due on Wed in focus. * Platinum market will be undersupplied this year -WPIC. * Silver hits highest in nearly three months (Updates prices). May 17 (Reuters) - Gold prices climbed to their highest in more than three months on Monday, ...
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Deluxe Announces Senior Notes Offering SHOREVIEW, Minn.--(BUSINESS WIRE)--Deluxe (NYSE: DLX), a Trusted Business Technology™ company (the "Company"), announces that it intends to offer $500 million aggregate principal amount of senior unsecured notes due 2029 (the "Notes") in a ...
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Stock ETFs Decline after Volatile Week of Trading Stocks and index ETFs started the week with losses, as the technology sector drove the major benchmarks lower under Monday, adding to the downside pressure from the prior week's higher-than-expected inflation readings. The Dow Jones Industrial ...
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Amazon aims to cut its workplace injury rate by half Amazon, which has faced criticism for above-industry-average injury rates at its warehouses, said Monday it is taking steps to halve the rate of workplace injuries in them by 2025. The company is launching a suite of new programs, grouped under the moniker ...
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Plug Power Was a Pandemic Winner. How It Became a 2021 Loser. A diesel engine at a Cummins plant in Indiana. Luke Sharrett/Bloomberg. It turns out that earnings really do matter—even for a once-hot hydrogen play like Plug ...
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Danone names Barry Callebaut's Saint-Affrique as new CEO Saint-Affrique had announced on April 22 he was stepping down as CEO of Swiss chocolate maker Barry Callebaut at the end of August, fueling speculation he could be headed for the top job at Danone.
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Sanofi-GSK report positive interim results for their COVID-19 shot PARIS (Reuters) - An experimental COVID-19 vaccine developed by Sanofi and GlaxoSmithKline showed a robust immune response in early-stage clinical trial results, enabling them to move to a late-stage study, the French drugmaker said on Monday.
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SoftBank Vision Fund Considers Listing a $300 Million European Tech SPAC SoftBank Group Corp., the technology dealmaker founded by billionaire Masayoshi Son, is considering listing a special purpose acquisition company in Europe, people with knowledge of the matter said. The Japanese conglomerate's Vision Fund is ...
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See All the Best Food and Drink Options at Disneyland's New Avengers Campus Opening June 4 At Pym's Test Kitchen, fans of Ant-Man and The Wasp can watch a pretzel grow and shrink through a quantum tunnel in the kitchen laboratory, and even order a super-sized Bavarian-style pretzel with a cheddar cheese beer sauce built to share.
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Airbnb stock drops more than 6% as post-IPO lockup ends Airbnb Inc.'s stock fell sharply Monday as the company's post-IPO lockup expired, meaning insiders can now sell shares. Before this lockup expiration, about 40% of shares held by Airbnb ABNB, -6.25% insiders had already been unlocked, analysts from ...
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ACC 2021: With Amgen out of the picture, Cytokinetics imagines supporting role for omecamtiv in heart failure A 14-year-long partnership with Amgen is coming to an end this week, but Cytokinetics is pressing on to file the heart drug the two companies collaborated on to the FDA—in more of a supporting role than originally planned.
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Los Angeles Has a Plan to Disarm the NIMBYs The region has poured billions of dollars into a subway network to try to decouple population growth from traffic congestion; the state has forced the city to allow accessory dwelling units (also known as garage apartments or granny flats) in neighborhoods once ...
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What to Like (and Dislike) About Clover Health's Q1 Results Clover announced its first-quarter results before the market opened on Monday. While there was some good news, it wasn't enough to serve as a major catalyst for the health insurance stock: Shares rose around 1% in early trading. Here are the highlights of ...
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Tax Day 2021 deals: Here's where you can get free doughnuts and more in Arizona It's Tax Day and these restaurants and bars in Phoenix, Tempe, Scottsdale, Chandler. Regardless of whether you owe money or already got your tax refund, some businesses are marking the tax return ...
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She is chief engineer of all-electric Ford F-150, leading a revolution "Sitting in the back seat of that car that took me from Chicago O'Hare to West Lafayette (Indiana) — where my father taught as a (graduate) student at Purdue University. It was the coolest ride of my life. That car wasn't ours. It was borrowed to pick us up," she ...
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George Soros Scoops Up Archegos-Tied Stocks George Soros' Soros Fund Management bought shares tied to Archegos Capital Management, which collapsed a couple of months ago. Fabrice Coffrini/AFP/Getty Images. As Archegos Capital Management ...
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China Mobile eyes $6 bln Shanghai listing after flagging NYSE exit The mainland's largest wireless carrier said on Monday it plans to sell no more than 964.8 million shares, or 4.5% of its total issued shares, publicly on the Shanghai Stock Exchange at an undisclosed price.
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CEO of American Eagle Financial CU to retire Dean Marchessault, the longtime president and CEO of American Eagle Financial Credit Union in East Hartford, Connecticut, will retire at the end of the year. Marchessault will be succeeded by Senior Vice President Howard Brady as chief executive of the ...
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7 food freebies and deals to score on Tax Day So, whether you are spending some of that refund or saving cash because you have a lot of taxes to pay, there's some great restaurant deals to take advantage of on May 17. Farmer Boys.
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Atlanta one of the best US cities in which to start a career It's graduation season, when fresh-faced 20-somethings — and nontraditional graduates — are entering the search for a job. "Unfortunately, new graduates aren't entering the market at a great time, as the unemployment rate for people ages 20 through 24 ...
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DOC'S PRESCRIPTION: Colonial Pipeline paid ransom to hackers of nearly $5 million, igniting US government ... Colonial Pipeline paid DarkSide, which specializes in digital extortion, 75 Bitcoins or approximately $5 million dollars, to recover its stolen data. Hackers encrypt its victims' records and threaten to release it publicly unless paid a ransom in cryptocurrencies.
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Recent Correction An Opportunity To Buy Tesla Stock? Tesla stock (NASDAQ: TSLA) declined by almost 12% over the last week (five trading days), compared to the S&P 500 which remained roughly flat over the same period. There were a couple of trends impacting the stock including weaker than expected sales ...
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SEPTA Eliminating Capacity Limits on Trains, Buses, Trolleys Next Month Everyone on board will continue to be required to wear face masks. SEPTA has seen a decline in ridership with many people working from home amid the COVID-19 pandemic. SEPTA buses ...
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SK Hynix seeks talks to buy Korea-based chip contract manufacturer - media SK Hynix has expressed intention to negotiate for the full acquisition of the 8-inch wafer foundry, Korea Economic Daily reported on Monday citing unnamed sources in the tech and investment banking industries. SK Hynix said ...
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Seagate, Western Digital Rise on Demand for Drives During 'Chia Mania' "Demand for large consumer hard drives has increased significantly due to Chia mania, with drives sold out on many websites and pricing on secondary markets meaningfully higher than usual," Deutsche Bank analysts wrote in a commentary cited by ...
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Bezos spurned Amazon research to pick Arlington for HQ2, according to new book Amazon.com Inc.'s decision to split its second headquarters between Northern Virginia and New York City was one that ran against months of careful research by the e-commerce giant. According to "Amazon Unbound," a new book by Brad Stone that looks at ...
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10000 fast charges: Researchers claim their solid-state EV battery solution will last longer A group of Harvard researchers announced last week that they have designed a stable lithium-metal solid-state battery that can be charged and discharged at least 10,000 times "at a high current density." Lithium-metal solid-state battery cells are widely seen ...
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IPhone Maker Foxconn Finalizes Auto Partnership With Stellantis Hon Hai Precision Industry Co., the main assembler of Apple Inc.'s iPhones, and Jeep maker Stellantis NV said they're prepared to announce a new strategic partnership, solidifying another major cooperation between technology and automotive giants.
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Flight diverted to MSP Airport after in-flight passenger disturbance MINNEAPOLIS — A New York man is facing drug charges and other potential offenses after allegedly causing a disturbance on a flight that was then forced to divert to MSP International Airport. A spokesperson for JetBlue confirms that flight 915 was headed ...
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Louisiana COVID numbers: More than 1.5M people have received a COVID vaccine dose In Louisiana, 35,676 more doses of COVID vaccines have been administered, according to a noon update from the Louisiana Department of Health. There are 1,390,660 people who are fully vaccinated and 1,573,984 people who have received at least one ...
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United Airlines Adds Domestic, International Service Ahead of Summer United Airlines announced it has added more than 400 daily flights to its July schedule and increasing service to reopened European destinations ahead of the busy summer travel season. The updated monthly flight schedule is the airline's largest since ...
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Boston Beer (SAM) Plans to Develop Cannabis Research Hub To this end, the company is on track to develop a subsidiary that will serve as a beverage research and innovation hub in Canada. Through the latest beverage subsidiary, management looks to evolve and tap the growing opportunities in the cannabis space.
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FTC Commissioner Calls Closing of Speedway Sale 'An Illegal Transaction' IRVING, Texas — The year's largest acquisition to date closed on May 14, but it may be not have had the blessing of the Federal Trade Commission (FTC). In a statement hours after the closing, two commissioners said Marathon Petroleum Corp. (MPC) and ...
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Carnival Sensation Returns to Mobile, AL, Crew Vaccinated at Terminal Carnival Cruise Line's Carnival Sensation arrived in Mobile, AL, late last week for the first time with fans lining up on the waterfront at Cooper Riverside Park to greet the vessel, which docked at the Alabama Cruise Terminal. "I'm sure I speak for everyone ...
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COVID-19 in South Dakota: 42 total new cases; Death toll rises to 1993; Active cases at 828 New deaths were reported in the 50 – 59 (1) age group and the 70 -79 (1) age group. Minnehaha and Todd Counties each reported one new death. While the difference between deaths reported Monday and Friday is two, the number of deaths based on gender ...
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Electric buses cut pollution and spark interest, but there's a cost conundrum With state and federal momentum growing to replace diesel school buses with electrics, and a manufacturing plant to build those vehicles moving to the suburbs, is Illinois on the cusp of a green transport revolution? Maybe, but with electric school buses ...
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Canoo's first consumer 'lifestyle vehicle' will cost almost $35000 Now, however, it appears that plan has been shelved, at least temporarily. The company announced today that the futuristic-looking van, officially called the "Lifestyle Vehicle," will have a starting price of $34,750. The price can be as high as $49,950 before ...
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Norwegian Prima Sales Break Cruise Line's Records The Norwegian Prima has become Norwegian Cruise Line's most in-demand ship ever with record bookings on the first day and week of sales. The Norwegian Prima, the first of six ships within Norwegian's new Prima Class, was unveiled on May 12 with ...
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1600 layoffs coming at Belvidere Jeep factory BELVIDERE — Some 1,600 jobs are being cut at a Jeep Cherokee factory in northern Illinois as automakers continue being plagued by the global shortage of semiconductors. The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was ...
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Ann Arbor software company ProQuest to be acquired in $5.3 billion deal Clarivate (NYSE: CLVT) said it will acquire ProQuest from private investment firm Cambridge Information Group in a deal that, pending regulatory approvals, would close in the third quarter of this year, according to the release.
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Emirates could swap Boeing 777X jets for smaller Dreamliners, chairman says Asked if the airline could swap its orders to take fewer 777X jets and more Dreamliners, Sheikh Ahmed bin Saeed Al Maktoum told reporters: "It is always a possibility." "We are assessing our ...
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