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From Junk Bond King To SPAC Whale: How Michael Milken Became A Big Investor In The SPAC Boom The big money fueling SPAC mania comes from smart hedge funds—dubbed the SPAC mafia— capitalizing on a "no lose" trade. No surprise that a fund backed by brilliant billionaire financier Michael Milken owns nearly 150 SPACs.
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A Southwest flight attendant loses two teeth after an altercation with a passenger. Union calls for more safeguards (CNN) — Following a series of incidents aboard aircraft, including an assault that left a flight attendant with facial injuries and two missing teeth, the union representing Southwest Airlines' flight attendants is urging the company to take stronger steps to protect ...
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Climate Activists Win at Least 2 Seats on Exxon's Board Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.
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Oil prices pare losses as US crude, gasoline supplies decline Oil futures traded lower on Wednesday, but pared some of their losses after U.S. data revealed across-the-board declines in domestic petroleum inventories. Traders also continued to weigh the prospects for a return of Iranian supply. "A full house of draws ...
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PayPal to allow users to withdraw cryptocurrency to third party wallets The San Jose, California-based company, which opened its platform to digital currencies last October, at present does not let users move cryptocurrency holdings off its platform. The news was earlier reported by Coindesk ...
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Apple is looking to strike deals with 'alternative payments' providers Apple is looking for a lead negotiator to strike partnerships with "alternative payment" partners, according to a job listing posted on Tuesday. Apple is looking for people with experience in digital wallets, fast payments, cryptocurrency and BNPL (buy now pay ...
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Photronics Inc (PLAB) Q2 2021 Earnings Call Transcript Business across the semiconductor and display industries was strong for nearly all participants in Q2 driven by wafer starts and/or capital equipment investment. The photomask market has joined the party as design activity as well as installation of new ...
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Yes, you still need to wear sunscreen indoors — here's why It turns out that if you want to protect your skin from the sun's harsh UVA and UVB rays, you'll need to put on sunblock every morning, according to medical experts, even if you're staying completely inside.
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Dick's Reported A Blowout First Quarter Ed Stack, and President and CEO Lauren Hobart reeled-off some extraordinary fiscal first quarter numbers. Net sales for Q1 increased 119 percent compared to 2020 and were up 52 percent over 2019. Same store sales were up 115 percent and ecommerce ...
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Bank CEOs Return to Congress at Time of Deep Partisan Divide WASHINGTON (AP) — The CEOs of the biggest banks went before Congress on Wednesday with plans to discuss how helpful Wall Street was for borrowers and businesses during the pandemic. Senators, reflecting the deep partisan divide ...
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Airbnb CEO sees travel industry changed forever by pandemic, plans 'systematic update on pricing' after complaints Brian Chesky tells MarketWatch that the pandemic has led travelers to take longer trips at different times and to new areas, leading to biggest changes for Airbnb since it was founded more than a dozen years ago ...
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Gold eases below $1900 as rebounding dollar, yields weigh Spot gold was 0.3% lower at $1,893.20 per ounce by 2:14 p.m. EDT (1814 GMT), having earlier hit its highest since Jan. 8 at $1,912.50. U.S. gold futures settled up 0.2% at $1,901.20 per ounce. Gold bars being cast at a plant by Gulidov Krasnoyarsk ...
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2022 Volkswagen Taos First Drive Review: A New Baby SUV From Volkswagen VW already offers the Tiguan compact SUV, but the Taos is 9.3 inches shorter and rides on a 4-inch-trimmer wheelbase. So, where does that place the Taos in the competitive firmament? The most popular compact crossovers, such as the Toyota RAV4, Honda ...
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Royal Caribbean got the green light for a test cruise. It has more than 250000 volunteers to choose from. The first big cruise ship carrying passengers from the United States in more than 15 months will leave on June 20 — and its voyage will be a test as the embattled industry tries to resume operations in the country. Support our journalism. Subscribe today.
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Alden Puts Its Stamp on Tribune With New Debt and Leadership Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain with $278 million in debt it took on for the acquisition, according to regulatory filings.
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Job website ZipRecruiter valued at $2.7 billion in NYSE debut Still, economists generally are expecting strong job growth in the months to come, as vaccinations gather pace and the economy reopens. The number of Americans filing new claims for unemployment benefits dropped further below 500,000 for ...
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CN Tries to Address Concerns About Its $33.6B Railroad Deal OMAHA, Neb. (AP) — Canadian National railroad plans to address competitive concerns related to its $33.6 billion acquisition of Kansas City Southern by selling off a short section of rail line.
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We try the new McDonald's BTS Meal. Spoiler alert: It's all about the sauce. The highly anticipated BTS Meal just dropped at McDonald's locations across the Chicago area on Wednesday morning. The fast-food company, headquartered in the West Loop neighborhood, said the wildly popular music group from Seoul, South Korea, ...
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Amazon to buy MGM, studio behind James Bond and 'Shark Tank' NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, "Legally Blonde" and "Shark Tank," with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.45 billion ...
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Amazon transition: Jeff Bezos to become company's executive chair, Andy Jassy new CEO July 5 "We chose that date because it's sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago," Bezos said at Amazon's annual shareholder meeting, which was held virtually Wednesday.
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8th Noose Found at Amazon Site Despite Additional Security HARTFORD, Conn. (AP) — NAACP officials on Wednesday denounced what they called continued racism at an Amazon warehouse construction site in Connecticut where an eighth noose was found, despite additional security measures having been added ...
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GameStop, AMC extend rallies, gouging short sellers The big moves have caused some bearish GameStop investors to retreat from their bets, forcing them to buy shares to cover their loans, said Ihor Dusaniwsky, managing director of predictive analytics at S3. "We ...
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Li Auto stock flies after revenue quadruples to beat forecasts Shares of Li Auto Inc. took flight Wednesday, after the China-based electric vehicle maker reported a fivefold increase in first-quarter revenue that beat expectations and a swing to positive free cash flow.
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Facebook to take action against users repeatedly sharing misinformation It added that it was also launching ways to inform people if they are interacting with content that has been rated by a fact-checker. False claims and conspiracies have proliferated on social media platforms, including ...
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Can French Judges Clear Carlos Ghosn's Name? He Hopes So BEIRUT (AP) — Former auto magnate Carlos Ghosn expects to get hit with at least one preliminary charge after French investigators travel to Beirut next week to question him over suspicions of financial misconduct. But he insists he's done nothing wrong and ...
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Noodles & Co. launches its first ghost kitchen in Chicago Noodles & Co. also recently added a new stuffed pasta tortelloni dishes to the menu nationwide. Ghost kitchens have gotten popular during COVID-19 as digital business at restaurants has accelerated. Kroger Co.
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AP FACT CHECK: House GOP falsely blames Biden for gas prices WASHINGTON — Heading into the Memorial Day travel weekend, House Republican leader Kevin McCarthy and other members of his party are falsely blaming President Joe Biden for higher gasoline and lumber costs. Gas prices have risen in recent weeks ...
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Ford: Electric vehicles will be 40% of global sales by 2030 The automaker said in a presentation for investors Wednesday that it will add about $8 billion to its EV development spending from this year to 2025. That brings the total spend to nearly $20 billion as Ford begins to develop and build batteries in a joint venture ...
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Oregon Imposes Job Search Deadline for Workers on Unemployment Oregon wants workers on unemployment to look for a job -- or otherwise forfeit their benefits. Millions of Americans lost their jobs in the course of the coronavirus pandemic, and since many didn't have savings to fall back on, they've been heavily reliant on ...
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Can a New Antitrust Suit Chip Away at Amazon's Online Dominance? But a new suit filed against Amazon by Karl Racine, the attorney general in Washington, D.C., while smaller in scope, could be different: a more precise strike, potentially, at Jeff Bezos' alleged anti-competitive practices that could "become a blueprint for crimping ...
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Uber Set to Recognize UK Union While Keeping Worker Model Uber Technologies Inc. plans to formally recognize a trade union in the U.K. that will give drivers increased powers to collectively bargain while also preserving the company's worker model. The ride-hailing giant is set to strike a deal that will allow Uber's ...
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Databricks rolls out data sharing, automated pipelines, data catalog At its Data + AI Summit, Databricks rolls out its new Delta Sharing, Delta Live Tables and Unity Catalog initiatives. For now, only Delta Sharing is open source, as the company looks to fill out its platform with all the bells and whistles.
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Colonial Pipeline shutdown prompts new cybersecurity regulations for US pipelines It addresses, to an extent, the ransomware attack that led to the shutdown of the pipeline this month, but it also reflects a broader Biden administration focus on cybersecurity after a series of damaging intrusions by overseas hackers.
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GameStop Dives Deeper Into NFTs GameStop (NYSE:GME) is fueling further speculation about its intentions on going all-in on nonfungible tokens, or NFTs, the trendy new digital asset that uses blockchain technology to record ownership and prevent duplication of digital items. The video game ...
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New Lunar Rover Designed By Lockheed And GM Will Be Built In Littleton LITTLETON, Colo. (CBS4) – Lockheed Martin will partner with General Motors to develop a next-generation lunar vehicle for upcoming missions to the moon. That rover will be developed at Lockheed's Littleton campus. (credit: Lockheed Martin).
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Is indoor farming about to have a moment? Four years ago, the vertical farming startup Bowery opened what it called the first "post-organic" farm, growing pesticide-free leafy greens inside a warehouse in New Jersey. Now its products are in 850 stores, and the company just announced a new $300 ...
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The Vaccine Rollout Is Changing How We Think about Prescription Meds The changes are being driven by a new way people are thinking about pharmaceutical companies. In the past, consumers have given little if any thought to which company is behind the vaccines and medicines they take. For ...
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Lamborghini bidder Quantum makes innovation pitch to Volkswagen Quantum Group founding partner Rea Stark is also co-founder of Piech Automobile with Toni Piech, the son of former Volkswagen Chairman Ferdinand Piech, according to its website.
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Popeyes offering new chicken sandwich in select markets (NEXSTAR) – Popeyes is preparing to introduce yet another sandwich to the already-saturated fast-food landscape. Only months after the launch of its Cajun Flounder Sandwich in February, Popeyes appears to have quietly debuted a new Blackened ...
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AAA says Memorial Day gas prices expected to hit highest in 7 years GasBuddy analyst Patrick DeHaan says 'it's going to be a blockbuster summer' for gas demand as AAA expects gas prices over the Memorial Day weekend to be the highest in seven years.
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Nearly a dozen striking Alabama coal miners arrested at protest The United Mine Workers of America said 11 members were charged with trespassing at a Warrior Met Coal Inc. mine in Tuscaloosa County on Tuesday evening. They were released on bond early Wednesday, the same day the union planned a rally at a state ...
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LAX cargo handlers arrested for stealing gold bars, prosecutors say Marlon Moody, 38, and Brian Benson, 35, both of Los Angeles, were taken into custody without incident on Tuesday morning by agents with the FBI. Both men were charged with conspiracy as well as theft of interstate and foreign shipment, according to the U.S. ...
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Treasury yields are flat as Fed calms inflation concerns Fed Vice Chair for Supervision Randal Quarles is due to speak about the economic outlook at the Hutchins Center on Fiscal and Monetary Policy Event, at 3 p.m. ET on Wednesday. Cole Smead, president and portfolio ...
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Belgium Suspends J&J Vaccine for Under 41s After Death The government said in a statement it was asking for urgent advice from the European Medicines Agency, the European Union's drug regulator, before it would consider lifting the suspension. It added that the impact on the national vaccination drive would be ...
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FDA places clinical hold on Larimar's rare disease drug after deaths in monkey study In dose-ranging studies for Larimar Therapeutics' experimental treatment for the rare neuromuscular disorder Friedreich's ataxia, no problems were observed in patients other than mild to moderate reactions at the injection site. But an undisclosed number of ...
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The housing shortage makes housing discrimination much easier On Tuesday, Glenn Kelman, CEO of real estate brokerage firm Redfin, tweeted out a bizarre anecdote: "A Bethesda, Maryland homebuyer working with Redfin included in her written offer a pledge to name her first-born child after the seller.".
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Beyond Meat Spices Things Up With KFC China. The Stock Turns Hot. Beyond Meat stock was jumping more than 5% on Wednesday, helped in part by news that the plant-based protein maker is expanding its partnership with KFC in China. The company's latest collaboration with Yum! Brands' (YUM) KFC brand is the ...
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Urban Outfitters Earnings Were So Good, They Changed One Critic's Mind Urban Outfitters is surging more than 11% on Wednesday, thanks to robust fiscal first-quarter earnings, which were good enough to earn the stock at least one upgrade. Urban Outfitters (ticker: URBN) said it earned $53.6 million, or 54 cents a share, compared ...
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Porto's Bakery is hiring for all positions at all locations The event is expected to last until 2 p.m.. Starting pay is around $15 and includes health benefits, paid vacation, a 401K and an employee discount. Porto's has locations in Glendale, Burbank, West Covina, Downey and one in Northridge coming soon. For more ...
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Holiday World: Fully vaccinated guests do not have to wear face masks SANTA CLAUS, Ind (WEHT) Fully vaccinated park goers at Holiday World and Splashin' Safari do not have to wear face masks or stay six feet apart. The theme park released the new guidance on Wednesday. In light of recent CDC Guidance, fully vaccinated ...
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