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AT&T CEO John Stankey, CFO Pascal Desroches Field WarnerMedia Spinoff Questions At Town Hall As Stock Swoons The $43 billion deal surprised the industry, and while it's expected to take at least a year to close, it has prompted a flurry of questions about the future for the companies and the media business. Investors ...
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Bitcoin at $250000 in a year? This 'rocket fuel' will help it get there, says Goldman Sachs alum The faithful need to hang in there, says our call of the day from former Goldman Sachs hedge-fund manager and cryptocurrency bull Raoul Pal. Not only does he see a big bitcoin catalyst coming this year, he is also sticking to a bullish price target.
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Stocks fall with tech shares; dollar touches lowest since late February Wall Street stocks fell on Tuesday, with technology shares turning lower in late New York trading, while the U.S. dollar touched its lowest level since late February. The Nasdaq also reversed course to end the day lower, while the Dow and S&P 500 added to ...
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Five Reasons Buffett Should Buy Alibaba Warren Buffett has roughly $145 billion in cash on hand at Berkshire Hathaway and while there are plenty of stocks in the market he may consider, there is one that's moved to the top of the food chain through a Buffett-inspired quant model I run at Validea.
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Dimon Succession Race Puts Two Women at Front of JPMorgan Pack The bank named them co-heads of its massive consumer and community banking business, a spot that was held by one of Dimon's two lieutenants, co-President Gordon Smith, who's retiring at the end of the year.
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Major investor urges Canadian National to drop bid for US railroad OMAHA, Neb. — A major Canadian National shareholder is urging the railroad to abandon its $33.6 billion bid to buy Kansas City Southern after regulators dealt the deal a procedural setback this week. London-based investment firm TCI Fund, which owns ...
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Here Is Who's Behind the Global Surge in Single-Use Plastic The throwaway plastic that holds our takeout food and wraps our dry cleaning is widely seen as one of the world's biggest environmental hazards. It pollutes as it is produced, through the extraction of fossil fuels, and, no sooner than it is used, it pollutes again.
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UW-Madison to partner with EV startup Canoo for research on electric propulsion A California startup developing electric vans and trucks is partnering with UW-Madison in hopes of making electric vehicles more available while reducing the use of limited natural resources. The university announced Monday that it ...
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Meme stock AMC continues to ride social media fandom AMC's share price is up more than 50% in the past two weeks to a recent $14. AMC shares started the year at $2 each, meaning the stock price has climbed a blockbuster-like 563% in 2021 so far.
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Google launches Vertex AI, a fully managed cloud AI service During a virtual keynote at Google I/O 2021, Google's developer conference, Google announced the launch in general availability of Vertex AI, a managed AI platform. It's designed to help companies to accelerate the deployment and maintenance of AI ...
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US banking regulator cautions firms against "overconfidence" following pandemic The new chief of a U.S. banking regulator is cautioning banks to avoid "overconfidence" after weathering the global pandemic, and also flagged climate change as a new risk for the sector. Michael Hsu, the acting comptroller of the currency, said Tuesday ...
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Lordstown Motors Stock Is Soaring for at Least Three Reasons Lordstown (ticker: RIDE) shares rose almost 20% Tuesday, bringing the gain since the close of trading on Friday to about 37%. The biggest ...
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No More Oil, Natural Gas Fields Needed on Road to Net Zero, IEA says No more investments in new oil and gas fields should be sanctioned if the world is to have a shot at achieving net zero greenhouse gas (GHG) emissions by 2050, the International Energy Agency (IEA) said Tuesday. The world's oil and gas needs in a net ...
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Quinn Emanuel expands in DC with Foley & Lardner bankruptcy duo With the easing of the pandemic unlikely to undermine demand for U.S. bankruptcy and restructuring work, Quinn Emanuel Urquhart & Sullivan is turning to Foley & Lardner for a pair of leading practitioners in the nation's capital. Partners Erika Morabito and ...
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Why Electric Vehicle Star Fisker Zoomed Higher Today Fisker (NYSE:FSR), the high-end electric vehicle (EV) manufacturer, saw its shares rise by nearly 9% on Tuesday. That was thanks to a quarterly earnings report that had several encouraging pronouncements and, more directly, to a new order from across the ...
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Father's Day 2021: A gift guide Dads are known for their questionable taste in footwear, but this sleek hiking boot delivers fashion and function. Lightweight and built for rugged terrain, these Adidas boots are perfect for a trail run or hike while still looking pretty cool.
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Macy's, Inc.: Macy's, Inc. Reports First Quarter 2021 Results We built on our momentum from the fourth quarter and our sales trend continued to improve throughout the first quarter," said Jeff Gennette, chairman and chief executive officer of Macy's, Inc. "These results were ...
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Why is crypto SafeMoon trending, and why is Dave Portnoy using it to diversify his bitcoin exposure? Amid the slump sweeping across most crypto assets Tuesday, investors were turning their attention to a meme asset, SafeMoon, that was drawing fresh looks after comments made by Barstool Sports's brash founder Dave Portnoy on Twitter.
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Rubio dubs Apple's business practices in China as 'woke behavior at its worst' Florida Republican Sen. Marco Rubio blasted tech giant Apple on Tuesday for allegedly bowing to pressure from Beijing in exchange for access to its vast customer base, following a New York Times report claiming the company has sacrificed some of its ...
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Bank of America Economists Not Worried by Inflation Expectations Data Market and survey data based on inflation expectations are pointing toward higher readings, but economists at Bank of America said in a report Tuesday not to worry. "Survey measures reflect a near-term pop in inflation, but most measures of long-term ...
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Hershey to acquire low-sugar brand Lily's Based in Boulder, Colo., Lily's markets an assortment of stevia-sweetened chocolate bars, baking chips and other confections such as peanut butter cups and coated nuts and popcorn. A broad offering of flavors spans dark, extra dark, milk and white chocolate ...
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Carnival Mardi Gras arrives June 4 at Port Canaveral, won't sail with passengers for months But it appears that a Mardi Gras cruise with passengers won't happen until August at the earliest. Carnival says it hopes to resume sailing in July on three or four ships from U.S. ports after being ...
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CVS Appoints Former Aetna Executive as CFO CVS Health Corp. named the former finance chief of Aetna Inc. to lead its finances as the pharmacy chain works to administer millions of doses of Covid-19 vaccines. The Woonsocket, R.I.-based company on Tuesday said Shawn Guertin would become its ...
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Emergency use approval for COVID vaccines by age group explained In a relatively short time, by Food and Drug Administration (FDA) standards, Pfizer's COVID-19 vaccine was approved for emergency use in people 16 years or older followed by Moderna and Johnson & Johnson for use in adults older than 18.
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Pick 6 jackpot worth $9.2M won by ticket sold at NJ convenience store The big winner was sold at Quick Stop Food Store on Stelton Road in Piscataway, officials said Tuesday. Monday's winning numbers were: 9, 12, 29, 34, 35 and 48.
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Amazon bringing new fulfillment center to Huntsville LIMESTONE COUNTY, Ala. – Amazon is building a new fulfillment center in Huntsville-annexed Limestone County. The new facility will bring more than 500 full-time jobs to the area. The 1 million square foot facility will be built near the Mazda Toyota ...
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UPS to hire more than 125 employees in Indianapolis In a news release, UPS said the jobs are part-time package handling positions in UPS sortation hubs and centers. Corporate spokespeople say these jobs can lead to full-time positions. "We' ...
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Home building costs soar due to government regulations, material price increases Dive Brief: Regulations imposed by all levels of government account for $93,870, or about 24% of the current average sales price ($397,300) of a new single ...
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| Steris (STE) Misses Q4 EPS by 14c, Offers Guidance Steris (NYSE: STE) reported Q4 EPS of $1.63, $0.14 worse than the analyst estimate of $1.77. Revenue for the quarter came in at $873.5 million versus the consensus estimate of $876.2 million. GUIDANCE: Steris sees FY2022 EPS of $7.40-$7.65, versus the ...
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Anthony Pompliano Announces New Pizza Brand That Gives Profit to Bitcoin Developers Anthony Pompliano, a popular influencer in the crypto community, has announced a new pizza chain called Bitcoin Pizza. Users can order pizza on the new company's website. Then, a local pizzeria will make and deliver the pizza in a Bitcoin Pizza box.
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SoftBank-Backed Extend Pumps $260M Series C Into Revamping Extended Warranty, Protection Plan Industry The oversubscribed round brings Extend's total funding to more than $315 million, according to Crunchbase data, and also elevates the company into unicorn status with a valuation north of $1.6 billion. "This is a very ...
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PagerDuty Hires Timm Hoyt VP of Global Partners and Alliances to Bolster Its Partner-first Sales Strategy Hoyt comes to PagerDuty with a background in building go-to-market engines for a broad spectrum of global public and private tech companies, including organizations focused on data center infrastructure and SaaS. He joins the team from Druva where he was ...
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UPS looking to hire more than 100 positions in Oklahoma City OKLAHOMA CITY (KOKH) — UPS says they're expecting to hire over 100 employees in the Oklahoma City area. The positions are permanent, part-time package handling positions at sortation hubs which UPS says can lead to full-time positions. They say ...
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Tesla driver slept as car was going over 80 mph on Autopilot, Wisconsin officials say Wisconsin authorities ticketed a man who was seen sleeping behind the wheel of his Tesla as the car drove itself in a mode known as Autopilot, according to a sheriff's report. The Kenosha County sheriff reported that shortly before 8 a.m. Sunday, a deputy ...
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Bitcoin Chartists See Rout Worsening With $40000 in Focus A cohort of chart watchers on Wall Street say Bitcoin's deepest selloff since crypto mania kicked off last year looks set to intensify. Evercore ISI's Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other ...
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FanDuel to open technology campus in Midtown Atlanta "FanDuel's decision to open a tech hub in Georgia is a testament to our world-class universities and tech training programs, as well as the diverse ecosystem of professional sports leagues and teams we've cultivated here," Kemp said in a prepared statement.
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Air-France-KLM launches first long-haul flight with eco-fuel The plane is using petroleum mixed with a synthetic jet fuel derived from waste cooking oils. The company says the move toward sustainable aviation fuel or SAF is to support the creation of an industry that guarantees increasingly eco-responsible air transport.
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Yellen Pitches Corporate Tax Hike to Business Skeptics Treasury Secretary Janet Yellen is urging a skeptical business community to support corporate-tax increases to help pay for the administration's proposed $2.25 trillion investment in the nation's infrastructure, touting greater profits.
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The man who claims he invented Flamin' Hot Cheetos didn't actually invent them LOS ANGELES (WGN) — For years, Richard Montañez claimed he went from being a Frito-Lay janitor to being the inventor of the popular Flamin' Hot Cheetos, but a report from the Los Angeles Times says he had nothing to do with the creation of the product.
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Piano Tunes Up New $88M Round The new round consists of about $20 million in equity — led by existing investors Updata Partners, with supporting investments from Rittenhouse Ventures and LinkedIn — and approximately $68 million in debt from Sixth Street. The company has raised a total ...
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Taco Bell's Naked Chicken Chalupa Returns Nationwide The Naked Chicken Chalupa starts with all-white-meat chicken that is marinated in bold Mexican spices, rolled in a crunchy coating, and crisped to perfection. Bun-mayo-chicken-pickle-bun. Sound familiar? It should to most who have ever ventured into the ...
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Canadian dollar shoots to 6-year high, topping 83 cents TORONTO — The Canadian dollar strengthened against its U.S. counterpart as oil prices rose and the greenback broadly declined, with the currency hitting its highest since May 2015. The loonie was trading at 83.07 US cents this morning. We apologize, but ...
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