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The Fed keeps expanding its powers and that's making some people nervous Fed officials stress their independence and insist they are not guided by political pressure. Federal Reserve Board building is pictured ...
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Investment Firms Bet Against Cathie Wood's Top ETF as Tech Faltered About two dozen investment advisers including Balyasny Asset Management and a unit of Blackstone Group Inc. bought bearish put options during the first quarter on the Ark Innovation exchange traded fund, her firm's main investment vehicle, regulatory filings ...
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GM will restart several plants idled by the global chip shortage. Janet Yellen says the Treasury needs more funds to oversee the economic recovery. · Watch live: Wall Street chiefs testify before Congress. · Movies can go right to streaming and still be eligible for the Oscars.
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Orders for US Business Equipment Rise Most in Eight Months Core capital goods orders, a category that excludes aircraft and military hardware and is seen as a barometer of business equipment investment, increased 2.3% after a 1.6% gain a month earlier, Commerce Department figures showed Thursday.
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Airbus CEO seeks to calm supplier nerves over output hike Airbus sees demand for single-aisle medium-haul jets like the A320neo as fundamentally strong, gradually resuming a trajectory seen before COVID-19 triggered production cuts. "It is just there. The pent ...
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Shell's Court Rebuke Marks the Start of a New War Against Big Oil Climate lawyers are gearing up to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions on the grounds that the oil giant is violating human rights by contributing to global warming.
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First Quarter GDP Unchanged at Robust 6.4% Annual Rate WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government's initial estimate. The recovery from last year's deep recession ...
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Nvidia is trying to prevent another 'crypto hangover,' and analysts think it's a 'smart move' Nvidia Corp. shares did little Thursday despite a record-breaking quarter and outlook, as analysts focused on the company's steps to avoid another "crypto hangover" after the latest boom. Nvidia NVDA, ...
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Rolls-Royce will now build you any car you want, but it will cost millions (CNN) If you have the money -- and if Rolls-Royce executives like your idea -- the British ultra-luxury carmaker will build you the car of your dreams. Rolls-Royce now joins a number of other ultra-luxury carmakers, including Bentley and Porsche, that will work ...
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What Does Palantir's New Space Force Deal Mean for Investors? Palantir (NYSE:PLTR) recently announced it will support the U.S. Space Force and Air Force's "critical missions" with cloud-based data services in a new $32.5 million contract. The new deal will expand its existing partnerships with both agencies.
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Memorial Day gas prices are the highest in seven years and could stay high all summer Gasoline prices are the highest for a Memorial Day holiday weekend since 2014. Prices are expected to range around $3 and stay elevated through the summer, as Americans get on the road resuming normal activities and taking driving holidays.
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This $250 million growth fund will divert half its profits to historically black colleges and universities That matters, a lot. While higher learning institutions are almost universally focused on diversifying their student base, HBCUs are largely responsible for the nation's Black middle class, and the larger the endowment, the stronger the ...
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'A small step': Wall Street lukewarm on HSBC's US retail exit Europe's largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia. Goldman Sachs analysts said the measures are "a small step towards HSBC potentially ...
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Investing App Acorns To Go Public In $2.2 Billion SPAC Deal Amid Fintech's Massive Boom Acorns Grow Inc., the Irvine, Calif. firm behind the synonymous investing and savings app, announced Thursday morning it has agreed to go public by merging into a special-purpose acquisition company in a deal that values the seven-year-old startup at $2.2 ...
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Wall Street inches higher as weekly jobless claims dip (Reuters) -Wall Street's main indexes rose on Thursday, helped by gains in industrial and financial shares, after data showing fewer-than-expected weekly jobless claims bolstered hopes of a speedy U.S. recovery. FILE PHOTO: People are seen on Wall ...
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Capital Calls: Bill Gates under yet another spotlight (The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) Bill Gates, co-chair of the Bill & Melinda Gates Foundation, attends a news conference in Tokyo, November 9, 2018. REUTERS/Toru Hanai. NEW YORK (Reuters ...
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Instacart kicks off Priority Delivery Instacart has unveiled 30-minute Priority Delivery, a new online grocery service designed to "bring the in-store express lane online." San Francisco-based Instacart said Thursday that Priority Delivery is being launched at more than 300 stores in over 15 major ...
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Bank CEOs Return to Testify in Front of Divided Congress The chief executives of the nation's largest banks are back in front of Congress, where they are likely to face yet another round of harsh questioning reflecting the deep partisan divide between Democrats and Republicans. By Associated Press. |. May 27, 2021.
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Stocks making the biggest moves midday: Ford, Dollar Tree, GE and more Check out the companies making headlines in midday trading. Ford — The auto stock jumped 7.4% following an 8% rally in the previous session. Thursday's gain came after RBC upgraded the stock to outperform from sector perform, saying Ford's updated ...
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Straggling on climate change no longer an option—Big Oil faces its reckoning Yesterday was a good day for the planet. Three of the largest oil and gas companies were forced to make radical changes to curb their carbon emissions as the climate emergency pushed shareholders and a Dutch court to turn their backs on Big Oil.
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Amazon construction site reopens after eighth noose leads to second shutdown in two weeks Work was suspended for the second time in as many weeks after another noose — the eighth in a month — was discovered at an Amazon warehouse under construction in northern Connecticut. The noose was found at the Windsor site on Wednesday, ...
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US May Fine Pipeline Operators for Unreported Cyberattacks Pipeline operators who fail to report cybersecurity attacks to the Department of Homeland Security could face fines of $7,000 a day or more under regulations being released Thursday in response to the ransomware attack that temporarily paralyzed the ...
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The best sunscreens of 2021 The Hawaiian Tropic Island Sport Sunscreen Spray scored miles above every other sunscreen we tested. An SPF 30, broad-spectrum, chemical formulation, this spray sunscreen applied super light, rubbed into the skin right away and smelled deliciously of ...
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Chicken Sandwich Boom Helps Sanderson Beat Feed Cost Spike Americans' appetite for chicken sandwiches and the return of restaurant dining are fueling profit at Sanderson Farms Inc., helping the poultry company offset soaring feed grain costs. The third-biggest U.S. chicken producer saw earnings surge in the fiscal ...
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AD Correll, Atlanta philanthropist and businessman, dies at 80 Former CEO of Georgia-Pacific negotiated $21 billion sale of the company to Kansas-based Koch Industries. A.D. Pete Correll, known for leading one of Georgia's biggest companies and helping to save Atlanta's public hospital, has died. AP Photo/Richard ...
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SoftBank is backing buy-now-pay-later firm Klarna in funding round that values it at over $40 billion The exact size of the investment round is unknown. However, it is expected to be less than the $1 billion that Klarna raised in March, when it was valued at $31 billion, according to Business Insider.
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From Bronco EV to profit targets: Ford's hits and misses during its investor day Ford CEO Jim Farley largely met Wall Street's expectations during his first investor day leading the automaker. But Ford didn't deliver on everything investors were hoping to have answered during the event. Shares of Ford have roughly doubled under Farley's ...
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Oil prices see mixed trading as traders remain nervous over potential Iran deal Oil futures traded on a mixed note in Thursday dealings, though were on track to post gains for the week as well as the month. U.S. prices were modestly higher, a day after the U.S. government reported across-the-board declines in domestic petroleum ...
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Memorial Day 2021: Walmart, Wayfair, The Home Depot and more amazing sales to shop now Fill up your living room, patio and anywhere else in your home this Memorial Day. — Recommendations are independently chosen by Reviewed's editors. Purchases you make through our links may earn us a commission ...
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Justice Department Opens Probe Into Archegos Blowup The Department of Justice is investigating the market-rattling meltdown of Bill Hwang's Archegos Capital Management in March, a debacle that left big banks in Europe, Asia and the U.S. nursing more than $10 billion in losses. Federal prosecutors in ...
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Why I Bought Shares of a Company Decimated by COVID-19 But my latest stock purchase would have been an outlier with much of my portfolio last year. Consider what happened in 2020 for this technology company: Revenue fell 30%. The amount of business ...
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Japanese space company ispace aims to send landers to the Moon Tokyo-based ispace has been selected to deliver rovers from Canada and Japan to the lunar surface after they launch aboard SpaceX rockets. The company will use its recently revealed Hakuto-R lander for both missions, currently scheduled for 2022 and ...
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Now SoftBank will operate WeWork offices in Latin America "Our joint venture agreement with Softbank Latin America Fund is the latest example of WeWork's progress toward optimizing our international markets with local capital and operating experience. The localization model has proven to be very successful in our ...
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Eli Lilly hit with DOJ subpoena over New Jersey factory making COVID-19 drug On Thursday, Lilly revealed that the Department of Justice has issued a subpoena demanding documents relating to the site in Branchburg, New Jersey. The site produces doses of Lilly's COVID-19 antibody treatment, which has recently faced setbacks for its ...
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Mortgage rates fall back below 3 percent After last week's slight increase, mortgage rates retreated, weighed down by waning consumer confidence and rising housing prices. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average declined to 2.95 percent with ...
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Black-owned businesses received more PPP loans from fintech lenders - NY Fed study (Reuters) - Black-owned businesses were more likely to need to go outside of the traditional banking system when seeking government aid during the pandemic and they had a harder time recovering than white-owned businesses if they didn't receive ...
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Google launches Datashare to help manage financial services data Google says Datashare, which is built on Google Cloud analytics services like BigQuery and leverages the recently announced Analytics Hub, is designed to let publishers and consumers share market data more easily and securely. The proliferation ...
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Africa Needs Vaccines as Second-Shot Deadline Looms, WHO Says African nations will need at least 20 million AstraZeneca Plc coronavirus vaccines by mid-July to complete the immunization of people who've had the first dose of the shots, the World Health Organization said. A further 200 million doses are needed for the ...
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Elective Surgeries Are Back, Medtronic Says. It's Another Sign of the US Covid Recovery. Elective hospital procedures are back, at least in the U.S.. That's the takeaway from the earnings report out early Thursday from medical-device maker Medtronic (ticker: MDT), which beat Wall Street expectations on the top and bottom line. The Covid-19 ...
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Scrubs maker FIGS soars in healthy market debut New York (CNN Business) Doctors and nurses aren't likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows, they'd likely wear outfits designed by FIGS, the trendy health care apparel company that went ...
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CVS to offer sweepstakes for COVID vaccine recipients as freebies become increasingly popular incentive Last year, seats at the Super Bowl were limited due to the pandemic. This year, getting inoculated from COVID-19 could be your ticket to the big game. CVS Health announced on Thursday that it will allow people who get vaccinated at its stores, have gotten ...
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Vegan seafood has come a long way thanks to science, 'Seaspiracy' The Beer Plant in Tarrytown serves plant-based crabless cakes made from hearts of palm. Plant-based meats have been in the news lately, but I've been thinking about ...
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First cruise ship out of US in over a year will sail in June. See where it will depart from. Celebrity Cruises announced it had received to OK from the Centers for Disease Control and Prevention to begin seven-night Caribbean sailings from the Fort Lauderdale port beginning June 26, according to a press release Wednesday.
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What's Next for the Restaurant Revitalization Fund? Restaurant worker at the point of sale wearing a mask. Unsplash/Mariah Solomon. The RRF portal closed. But could more money be on its way? Hard to guess right now.
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Denver Will Get A New Area Code In 2022 DENVER (CBS4) – Move over, 303 and 720. Make room for 983. The Colorado Department of Regulatory Agencies gave final approval Thursday for the new 983 area code to serve the Denver metro area starting in April 2022. READ MORE: Public Opinion Is ...
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Amazon Prime Day is reportedly set for June 21 and 22 Prime Day has been a fixture for the retailer since 2015. Last year's event saw sales for small and medium business partners set records. Shoppers spent more than $3.5 billion on goods from those companies, a 60% increase over 2019. And sales of the ...
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Fans of high-end restaurant chain Steak 48 react to new spending minimum, dress code The new minimum spending policy states "There is a $100 per person food & beverage minimum for each person at your table in order to ensure that each guest enjoys the total experience of food, service, and atmosphere. This does not include tax or tip. We ...
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Unemployment claims declined in Michigan last week, as US claims drop to pandemic low Initial claims for unemployment benefits in Michigan declined last week compared with the week prior, the U.S. Department of Labor said Thursday. New claims, which are an indicator of layoffs, dropped to 11,079 in the week ending May 22, down from 13,806 ...
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Gap expands into home under new partnership with Walmart NEW YORK — Gap will begin selling a new home goods line exclusively through Walmart's website next month under a multiyear partnership. The collection of more than 400 items is Gap's first venture into the home category and it's selling everything from ...
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Massive LNG export projects along the Louisiana coast could capture 1 million tons of carbon A company proposing four liquefied natural gas export terminals in Louisiana plans to capture climate-changing greenhouse gases from at least two of its projects for storage deep underground to prevent carbon from entering the atmosphere. Arlington ...
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