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The Fed Is Betting Inflation Expectations Will Stay Controlled. It's a Gamble. Federal Reserve officials believe low and stable price expectations give them room to heal the job market. But what if outlooks change?
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Investment firms bet on stocks hit by Archegos unwind Several prominent investment management firms purchased shares in the first quarter of companies that plummeted when large banks sold them in a hurry amid the collapse of private investment firm Archegos Capital Management at the end March.
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Wall St weighed down by falling tech stocks (Reuters) - Technology stocks pulled Wall Street's main indexes lower on Monday, with the Nasdaq Composite index falling about 1% as signs of growing inflationary pressures raised concern about monetary policy tightening. FILE PHOTO: The front facade ...
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Harley's shares hit 3-year high on EU-US trade truce The EU had threatened to double the tariffs on Harley motorcycles, American-made whiskey and power boats to 50% on June 1 in retaliation for steel and aluminum tariffs imposed by former President Donald Trump.
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No Slam Dunk For Plaintiffs In NBA Top Shot Moments Class Action Lawsuit As if on cue, just as we were bidding adieu to a wave of class action lawsuits stemming from the initial coin offering (ICO) boom of 2017-2018, we see a class action complaint based on allegations that certain NFTs (non fungible tokens) are actually ...
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The US Travel Rebound Is Leading Jet Fuel's Summer Surge United Airlines Holdings Inc. CEO Scott Kirby said at a Bloomberg Businessweek virtual event on Monday that its domestic leisure travel business is more than 100% recovered from the pandemic.
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AI-powered Jerry raises $28M to help you save money on car insurance Over the years, the challenge of helping consumers more easily find car insurance was in the back of his mind. So in 2017, he teamed up with Lina Zhang and Musawir Shah to found Jerry, a mobile-first car ownership "super app." ...
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Why Miners Hecla, Endeavour Silver, Harmony Gold, and Coeur Rose as Much as 17% Today So what. As miners, Hecla, Endeavour, Harmony, and Coeur are all dependent on the price swings of the commodities they produce. Notably, as miners, their bottom lines are heavily leveraged to the ups and downs of gold and silver.
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More Than 70% Of White-Collar Workers In US Still Working Remotely, Poll Finds Key Background: The Centers for Disease Control and Prevention surprisingly announced last week that Americans fully vaccinated against Covid-19 no longer need to wear masks indoors or practice social distancing in most situations, which ...
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Why Clover Health Stock Sank Today Shares of Clover Health Investments (NASDAQ:CLOV) were sinking 9.4% as of 3:10 p.m. EDT on Monday. The decline came after the Medicare-focused health insurer announced its first-quarter results.
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Charles River lays out $293M to snap up viral vector specialist Vigene, its 2nd M&A deal this year Charles River Laboratories has inked a deal to pay $292.5 million in cash for gene therapy CDMO Vigene Biosciences, which specializes in the viral vectors used to deliver the cutting-edge meds. The move will add viral ...
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What AT&T's WarnerMedia Spinoff Means for Your Dividends AT&T and Discovery announced a major M&A deal today, part of which includes a cut to T's generous dividend payment. by: Dan Burrows. May 17, 2021. AT&T store. Getty Images. Shareholders in AT&T (T, $32.24) aren't quite sure just how to react to ...
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Why AMC Entertainment Stock Jumped Monday Shares of movie theater operator AMC Entertainment Holdings (NYSE:AMC) have been on the move again this month. The stock retreated from unexplainable levels in January after the retail trading crowd bid up shares, cheered on by Reddit users. But the ...
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Condé Nast and Verizon Media Are Swapping Content for Ad Tech Condé Nast and the soon-to-be-sold Verizon Media have struck a partnership that will see the publisher of Vogue and GQ produce videos for Yahoo sites. The partnership is Verizon Media's first major announcement since its parent company Verizon ...
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C-store, dollar store sales buoy Hostess results The company earlier in May said it would refile financial statements for 2018-20 because the Securities and Exchange Commission said certain Hostess warrants should have been classified as liabilities. The $81.45 million of first quarter net income ...
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Carnival Corp. Brands Resume Cruising in Europe, Caribbean "As our cruise line brands gradually resume cruising, we will continue to work as an industry to share important learnings and best practices to help ensure the resumption of cruise operations is done in the best interest of public health.".
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Ford Visit Offers Symbolic Backdrop for Biden's EV Agenda President Joe Biden's planned visit May 18 to the Dearborn, Mich., Ford Motor Co. Rouge Electric Vehicle Center that will build an electric version of the F-150 pickup will showcase what experts say is a powerfully symbolic example of a zero-emission vehicle ...
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Jeff Bezos' Washington DC, NYC homes targeted in pro-tax millionaire group's protests The effort, which comes on Tax Day, is organized by Patriotic Millionaires, a group of individuals with annual incomes over $1 million or assets over $5 million. A spokesperson for the organization told FOX Business ...
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Canoo's electric microbus will start under $35000 when it comes to market next year Los Angeles-based electric vehicle startup Canoo is bringing its first vehicle to market next year. The company said Monday its electric microbus-slash-van will be available to buy in 2022 at a base price of $34,750 before tax incentives or add-ons. It's now ...
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Indonesia's Top Tech Startups Gojek and Tokopedia to Merge The group is targeting a market valuation of between $35 billion and $40 billion and listings on exchanges in New York and Jakarta, according to people familiar with the matter. That would represent roughly a doubling in valuations from when Gojek and ...
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Starbucks, Target, CVS join companies loosening COVID-19 mask mandates for fully vaccinated customers Effective immediately, customers who are two weeks past their last required vaccine dose no longer need to cover their nose and mouth while inside a CVS, Target or Starbucks location unless it is mandated by state or local regulations, the companies ...
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As Lumber Prices Climb, DIYers Cut Out The Middle Man And Mill Their Own The price of lumber has more than doubled over the past year, and economists warn that things might stay this way for a while. That's why people like Hans Dow are getting crafty. "I was like, well, I want a sawmill. I can make a lot of stuff with it. I also need to ...
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Better Buy: Disney vs. Target Disneyland in California, one of Disney's best-known parks, had been closed for more than a year because of the pandemic. Disney reopened Disneyland and Disney California Adventure on April 30, and now, all of Disney's parks except Disneyland Paris are ...
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Thinking about getting a reverse mortgage? Consider these factors A reverse mortgage allows senior homeowners to borrow against the equity they've earned in their homes. The homeowner no longer makes monthly mortgage payments. Instead, they receive money in one of three ways: fixed monthly payments, a lump sum, ...
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Bright Machines Going Public in $1.6 Billion SPAC Merger The San Francisco-based company currently has about 25 customers, according to its website. Its existing investors include BMW iVentures—the venture-capital arm of auto maker BMW AG—Eclipse Ventures and Lux Capital.
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Capital One Venture Card benefits guide The Capital One Venture Rewards Credit Card is one of the most popular travel credit cards, especially among those that prefer easy-to-use cards with flexible rewards. The Venture card is best known for unlimited 2 miles per dollar on all purchases, but its ...
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Carl's Jr. debuts its own take on chicken sandwiches today, May 17 One, priced at $5.99, is served on a toasted potato bun with dill pickle and mayonnaise. The other is a breakfast sandwich with Belgian waffles for bread. It is priced at ...
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164 more COVID-19 cases, 1 death, over 3K vaccinations reported Monday in Utah There are now 148 COVID-19 patients currently hospitalized in Utah, including 51 in intensive care, state data shows. About 70% of all intensive care unit hospital beds are now occupied, including 71% in the state's 16 referral hospitals, according to the health ...
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Rockwell Beer is adding a second location in Francis Park Rockwell Beer Garden will feature a walk-up food counter, concession stand and outdoor dining and gathering spaces inside the building located adjacent to the Francis Park tennis courts. The second location is set to open later this summer after renovations ...
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Housing Prices Surge Across San Diego County, California The median price of an existing, single-family detached home in San Diego County rose to $825,120 in April, an increase from $800,000 a month ago, mirroring a spike across California that brought the state's median price above the $800,000 benchmark for ...
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Mark tax deadline with free Krispy Kreme doughnut and coffee, vaccine freebies and more Tax Day deals Tax Day used to be one of the biggest freebie and deal days of the year before the coronavirus pandemic. Some restaurants would mark the tax return deadline with specials that often drew big crowds. For the second year in a row, the list of Tax Day free food ...
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ETF Odds & Ends: 23 ProShares To Split Last week, it was announced that 23 ProShares ETFs are set to undergo share splits later in May, not to mention other changes that either occurred or are expected in the coming weeks. The share splits include eight forward splits and 15 reverse splits.
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Rodent, roach issues, plus contaminated food lead to restaurant shutdowns PLANTATION, Fla. – Complaints led to the shutdown of two South Florida restaurants last week. Thai Thai in Plantation has not yet been allowed to re-open. Rodent issues were also discovered at Onigiri Casa Poke in Midtown. Below is a list of places that ...
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Sharing your password? Streaming services really want you to stop That's the new edict from the giants of streaming media, who hope to discourage the common practice of sharing account passwords without alienating their subscribers, who've grown accustomed to the hack. Netflix attempted a ...
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This Solid-State Lithium-Ion Battery Recharges Fast, Protects Against Fire In this design, dendrites are allowed to grow through the graphite and first electrolyte but Second Bay Studios/Harvard SEAS The first electrolyte (green) is more stable with lithium but prone to dendrite penetration.
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Stellantis, Foxconn to announce strategic partnership Stellantis NV on Tuesday will provide details concerning a new strategic partnership with the main assembler of Apple Inc.'s smartphones, the transatlantic automaker said Monday. Fiat Chrysler Automobiles NV originally had been in negotiations with ...
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High-tech Diageo Collaboration Center bows in Stamford A new experiential center for customers and business partners opens today at Diageo's Stamford headquarters. The 17,000-square-foot Diageo Collaboration Center, located within the British adult beverage behemoth's Stamford campus at 200 Elm St., ...
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HEB offers free curbside delivery for orders under $35 The move matches free curbside delivery already offered by competitors Kroger and Walmart. But the change from the Texas favorite will make contact-less grocery shopping all that much easier. WHILE YOU'RE SHOPPING ...
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Michelin Will Raise Consumer, Commercial Tire Prices Michelin North America Inc. will raise prices on its Michelin, BFGoodrich and Uniroyal brand passenger and light truck replacement tires sold in the United States and Canada up to 6% on July 1. Michelin also will raise its on- and off-road commercial tire ...
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How long before you can get Raising Cane's in St. Cloud? Mark your calendar for fall ST. CLOUD — Raising Cane's announced Monday it will open its St. Cloud location in October. The restaurant, known for its chicken fingers, plans to begin hiring more than 90 workers for the new location, according to a Monday news release. The positions ...
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LI firms harmed by 2020 drought face June 15 deadline to apply for aid Small businesses, nonprofits and nurseries on Long Island harmed by a drought last fall have until June 15 to apply for federal disaster loans, officials said. The U.S. Small Business Administration is taking applications for its Economic Injury Disaster Loan ...
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CAS Investment Partners oppose sale of At Home Group PLANO, Texas — The largest shareholder of At Home Group stock, CAS Investment Partners, said it plans to oppose the proposed deal to take the retailer private because it believes the transaction grossly undervalues the company. Earlier this month ...
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Local Cedar Rapids Business Gets Colbert Shoutout It's almost as simple as using that hashtag on social media to get a local small business recognized on Friday nights by host Stephen Colbert of CBS's "Late Show." Get ...
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Aeterna Zentaris Starts Animal Studies For Macimorelin For Amyotrophic Lateral Sclerosis The preclinical development program is part of the recently executed Material Transfer Agreement (MTA) with The University of Queensland. The University researchers will conduct preclinical studies in disease-related in-vitro and ...
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Steer clear of airline scammers when booking your next flight BATON ROUGE, La. (WAFB) - Summer vacation plans are ramping up as more COVID-19 vaccines roll out. That's great news for those booking getaways and scammers as well. The Better Business Bureau is getting reports of con artists making fake airline ...
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Cool Down This Summer with This Portable, Quiet Air Conditioner Of course, just cranking up the central air or relying on a bunch of fans aren't really the best solutions for your budget or for your actual comfort. Rather than install a window air conditioner or drive up your energy bill, consider investing in the TOSOT Portable Air ...
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Has bitcoin met its nemesis in dogecoin finally? It might be Year of the Ox in China, but for the crypto world, it is the Year of the Dog. The Shiba Inu-based meme currency dogecoin has zoomed 13,000% since the start of the year and is showing no signs of stopping. Mint explores. What is doge or dogecoin?
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Duke Energy's stock spikes up, then pares gains after WSJ report that activist investor is urging to split up The stock was the best performer among components of the SPDR Utilities Select Sector ETF XLU, -0.27% , which fell 0.5% in midday trading. The WSJ report said Elliott is seeking ...
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Kansas City Southern makes new railroad deal Canadian National Railroad outbid Canadian Pacific in its attempt to buy the Kansas City Southern Railroad. Global News says Kansas City Southern determined that CN's revised bid of $33.6 billion was better than the $25 billion it had already gotten from ...
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Emirates Insiders Among Potential Successors to Tim Clark The state-owned carrier is open to promoting Chief Operating Officer Adel Al Redha or Ghaith Al-Ghaith, head of Emirates' regional partner FlyDubai, Sheikh Ahmed Bin Saeed Al Maktoum, who is chairman of both companies, told Bloomberg TV on Monday.
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