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Shell Loses Climate Case That May Set Precedent for Big Oil Royal Dutch Shell Plc was ordered by a Dutch court to slash its emissions harder and faster than planned, a ruling that could have far-reaching consequences for the rest of the global fossil fuel industry. Shell, which said it expects to appeal the ruling, has ...
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Larry Summers sends stark inflation warning to Joe Biden "I think policy is rather overdoing it," Summers said in recorded comments at a CoinDesk conference that were released Wednesday. "The sense of serenity and complacency being projected by the economic policymakers, that this is all something that can ...
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5 Questions To Ask Before Deciding To Retire Early That can make a big difference, especially if you will rely heavily on Social Security to pay for your essential expenses in retirement. Keep in mind, these benefits only replace about 40% of the average retirees' income from work and even less for higher earners.
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US judge nixes Bayer's $2 bln plan for 'closure' of Roundup litigation U.S. District Court Judge Vince Chhabria in San Francisco said the proposal "would accomplish a lot for Monsanto," which Bayer acquired for $63 billion in 2018, and "would accomplish far less for the Roundup users" who are currently healthy.
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Oil steadies on stronger demand outlook as US inventories fall NEW YORK (Reuters) -Oil prices steadied on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut.
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June Outlook: Attention Turns To Fed Meeting After Hints It May Get More Hawkish Key Takeaways: Fed's June 16 meeting is front and center heading into new month; Focus remains on inflation, jobs after Fed minutes spark "tapering" talk; Key companies reporting in June include homebuilders and "stay at home" firms. A lot's happening in ...
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Hot tub streams: What's with this new category on Twitch? Twitch, Amazon's livestreaming platform, is primarily a service geared toward letting audiences watch people play video games. But in recent months Twitch has become more famous for livestreams featuring bikini-clad people in hot tubs.
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Applications for a restaurant grant fund far exceed the money available. Many applicants to the government's pandemic relief program for restaurants, bars, caterers and other food businesses will be left empty-handed unless Congress provides more money for the $28.6 billion grant program, the head of the Small Business ...
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San Jose approves Google's gigantic and controversial new downtown campus The company and city have reached an agreement to develop around 80 acres of land in downtown San Jose, California that will also serve as a mixed-use residential, retail, and open space for Google employees and the city's residents.
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Nvidia revenue jumps 84% from last year as gamers demand graphics chips Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared to last year. Nvidia's earnings come during a period of sustained, massive growth in its business amid a shortage of semiconductors worldwide. Nvidia ...
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Snowflake reports widening losses but raises full-year guidance Snowflake's revenue beat estimates for the quarter as losses mounted. Goldman Sachs upgraded Snowflake stock to buy earlier this month as its performance trailed that of the Nasdaq. Snowflake banners decorate the New York Stock Exchange to market the ...
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Stock Markets Stay Strong; Can Ford and Tesla Both Win? The new Ford+ strategy will involve a massive financial commitment from the automaker. Ford expects to spend more than $30 billion on EV-related development and technology within the next four years, which is $8 billion more than it had previously committed ...
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Carl Icahn holds about $400 million stake in Allstate - WSJ Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid. Read More. Activist investor Carl Icahn holds a roughly $400 million, or 1%, stake ...
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Kelly Evans: The housing market is insane We've been talking about the reversal in liquidity that's popped some bubbles in stocks and crypto over the past few months (growth in M2 has dropped from 27% in February to 18% year-on-year as of April), but one place that's still rip-roaring is the housing ...
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Wall Street CEOs struggle to respond as Senate Democrats voice frustrations about US economic trends The highly-anticipated Senate Banking Committee hearing with chief executives of the largest Wall Street firms showed that Democrats have worries about broad U.S. macroeconomic trends that the executives struggled to address, when they weren't simply ...
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Tesla Had Big News on Autonomous Driving. It's Being Overshadowed by Ford. Most auto makers other than Tesla are using a combination of radar and optical cameras for their self-driving cars. Nicolas Asfouri/AFP via Getty Images. Tesla said ...
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AMC and GameStop Lead a Meme Stock Rally. Why Analysts Aren't Focused on Reddit, Potential Short Squeezes. AMC stock (ticker: AMC) was up 19% to $19.56 Wednesday afternoon, while GameStop (GME) gained 16% to $242.32. Shares of fellow meme stocks Express (EXPR) and BlackBerry (BB) had surged 26% and 10%, respectively.
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Okta Results Top Guidance, but Stock Slips on CFO Exit and Revised Outlook Okta shares are trading lower in late trading Wednesday, after the identity-management software company announced better-than-expected results for its fiscal first quarter ended April 30—but also announced mixed full-year guidance and disclosed the ...
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EU drug regulator reviewing woman's death in Belgium after getting J&J shot The European Medicines Agency (EMA) said it has asked the U.S. drugmaker to carry out a series of additional studies to help assess a possible link between the shot and a known rare but serious clotting condition called thrombosis with thrombocytopenia ...
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Urban Outfitters soars after fewer promotions drive record earnings Urban Outfitters Inc. stock soared 9.2% in Wednesday trading after the apparel and lifestyle retail company reported record first-quarter sales and profit. "The first quarter was one for the record books; record sales, a record low markdown rate, and record ...
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State's cases rise by 2327 day after 1874; deaths' increase 56 vs. 80 Also, the state's daily first-time positivity rate remained below the target 5 percent for the 17th day in a row, at 3.54, and Palm Beach County was below the rate for 21 consecutive days at 2.68 percent.
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NY Cannabis Insider: Social equity is the key to New York's new marijuana law New York's effort to legalize recreational marijuana for adult use took three years to accomplish and resulted in a 128-page, 7,000-line law that will require more than a year to fully take effect. Let's just say it's complex. But the most fundamental thing to know is ...
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Google urged to abandon Saudi cloud project London (CNN Business) Dozens of campaign groups are urging Google to abandon a cloud computing project in Saudi Arabia, saying the company is at risk of being "complicit in future human rights violations." Google announced plans late last year to ...
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Datacy raises $2.4M to help consumers monetize their own damn data Its model has found financial backing, with its new capital coming from Trend Forward Capital, Truesight Ventures, Redhawk VC, the Female Founders Alliance and others. The startup raised the funds using a convertible note that ...
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Insurance firm Lemonade backtracks on claims it uses AI to scan customer faces for hints of fraud Insurance upstart Lemonade backtracked Wednesday from a tweet it had posted earlier that said the company uses artificial intelligence to deny claims based on its customers' facial characteristics. In a since deleted tweet from its corporate Twitter ...
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JPMorgan's $1 Billion Brother-Sister Team Leaves to Start Own Wealth Firm Siblings Christian Habitz and Sarah Damsgaard, who oversaw more than $1 billion at JPMorgan Chase & Co., have left the bank to form an advisory firm with offices in Chicago, Miami and Milwaukee. The Invictus Collective will focus on creating portfolios of ...
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Report: Amazon Could Open Physical Pharmacies Three of America's four biggest drugstores saw their shares decline on Wednesday (May 26) following a report that Amazon may be getting into the pharmacy business. According to CNBC, CVS saw its shares drop by around 3 percent, Walgreens dropped ...
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One Illinois McDonald's is trying something different to attract workers: offering them a new iPhone In an attempt to get people interested in working at McDonald's, one franchise in Altamont, Illinois is giving out free iPhones to new hires. The gimmick went viral on Twitter after a passerby snapped a photo of the "now hiring" poster in the window. The poster ...
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Why Virgin Galactic Stock Jumped 8.4% on Wednesday So what. The catalyst today was analyst Ken Herbert at Canaccord, who initiated coverage on the stock and gave it a $35-per-share price target. He said the company will get a positive catalyst when space tourists start flying, especially celebrities like founder ...
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CN, KCS File for STB Voting Trust Approval That overlap, a 70-mile KCS line between New Orleans and Baton Rouge, will be divested. It represents less than 0.7% of the some 27,000 route-miles the two companies operate, according to the railroads.
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Beyond Names New Chief Growth Officer, Second KFC China Tie-Up Beyond Meat Inc. announced a new chief growth officer and a second collaboration with KFC in China on Wednesday, buoying shares. The faux-meat maker said in a filing that Charles "Chuck" Muth plans to retire effective June 4, with food and personal-care ...
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Play ball! Dick's Sporting Goods rallies as team sports return. A year after safety fears led to the cancellation of baseball and other team sports, Dick's Sporting Goods is having a comeback year as bats, balls and jerseys fly off shelves. First-quarter sales more than doubled to $2.92 billion and the company raised its ...
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Amazon to acquire MGM Studios, faces antitrust lawsuit over pricing Amazon Inc (NASDAQ:AMZN) will acquire MGM Studios in a deal worth $8.45 billion, the two companies announced today. The move marks the online retailer's biggest push into the entertainment business and a major coup for its streaming video division.
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8 Moves to Make if Your Unemployment Is Ending Early Millions of people are still out of work due to the COVID-19 pandemic. But many state governors believe extra unemployment benefits deserve at least part of the blame. As of May 26, at least 23 governors have said they plan to withdraw early from the $300 ...
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Dow, LyondellBasell, NOVA Chemicals Launch Closed Loop Circular Plastics Fund Plastic waste continues to be a huge problem because much of the plastics produced winds up in landfills and often ends up in water supplies. The cumulative production of plastic has already surpassed eight billion metric tons worldwide, with further ...
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Renovated Sea-Tac terminal mostly used by Alaska Airlines will reopen for anticipated boom in summer travel SEATTLE — With many people fully vaccinated and ready to take their first flights in more than a year, summer air travel is set to soar. Just in time, Seattle-Tacoma International Airport is opening up a newly welcoming space at its busy North Satellite Terminal.
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Amtrak strives to roar back from pandemic as it restores more Seattle service Pent-up demand to travel, along with the spread of vaccines, should help Amtrak regain lost ridership by 2023 or 2024, and even grow, Amtrak President Stephen Gardner predicted Tuesday. He visited Seattle's King Street Station, then Everett Station, ...
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CEO and Valley congressman talk 'dirty' steel, green steel during walk-thru at Wheatland Tube WARREN, Ohio (WKBN) – As Valley Congressman Tim Ryan walked through Wheatland Tube's plant in Warren Wednesday morning, CEO Barry Zekelman said American steelmakers need help with foreign dumping. "We encourage the Biden Administration ...
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German police investigate possible arson at Tesla site BERLIN (Reuters) - German police are investigating whether a fire that broke out overnight at the construction site of Tesla's first European gigafactory had a political motive, after far-left activists claimed responsibility. The fire at Gruenheide in the eastern state ...
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5 million handheld clothing steamers recalled due to serious burn hazard Recalled models have either a flat or triangular steamer head, and the name of the product is printed on the side of the unit. CPSC said HSN has received 227 reports of hot water spraying or leaking ...
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Multiple anonymous winners claim largest prize in Maryland Lottery history, $731 million WASHINGTON (7News) — The largest lottery prize in state history has been claimed in Maryland. On Jan. 20, a winning ticket for a massive $731.1 million Powerball prize was sold at Coney Market in Lonaconing, a small western Maryland town. State lottery ...
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American Airlines, JetBlue Announce Changes for Loyalty Program Members As part of the changes, American's AAdvantage members and JetBlue's TrueBlue members can now earn miles or points traveling on either carrier, making for a more seamless customer experience. ADVERTISING.
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Uber signs driver bargaining agreement with major UK union LONDON — Uber said Wednesday it's formally recognizing a major British trade union so it can represent drivers, a breakthrough for labor campaigners seeking fairer working conditions from the ride-hailing giant. The San Francisco-based company said it ...
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Winner of Heinz Head Burger Artist contest will receive $25K, condiments for life LOS ANGELES - Calling all burger lovers! And all art aficionados. Heinz is searching for its first-ever Head Burger Artist. From now until July 19, contestants can enter to not only win the title of Head Burger Artist, but one winner will also receive a grand prize ...
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Indiana reports 6 additional COVID-19 deaths, 15K more Hoosiers fully vaccinated INDIANAPOLIS — The Indiana State Department of Health (ISDH) reported 15,663 additional Hoosiers are now fully vaccinated as of Wednesday. To date, 2,614,017 first doses of the two-dose vaccine have been administered and 2,460,195 individuals are ...
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Dean shares recipes for 6 different types of burgers Traditional Burger; Cheddar – Jalapeno Stuffed Burger; Salmon Burger; Beyond Burger (plant based); Wagyu Beef burger; Apple Gouda Chicken Burger. Recipes: All of these burgers are available, ...
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Memorial Day Weekend: LAX officials warn of increasing passenger traffic That is only about half of the passenger volume from the same period in 2019, but airport officials said it is still significantly higher than it has been during the pandemic. On Sunday ...
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Pa. 10th state to hit 70% of adults with at least 1 COVID shot Pennsylvania became the tenth state in the nation to hit the milestone of 70% of the state's adult population with at least one coronavirus vaccine shot. The state hit the threshold on Wednesday, way ahead of President Joe Biden's goal to deliver at least one ...
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Winter Haven man becomes multi-millionaire from scratch-off game The Florida Lottery says James Fuchs claimed a $5 million top prize from its "200X THE CASH" scratch-off game. Fuchs chose to take his winnings in a lump sum of $4.45 million and essentially became a multi-millionaire overnight.
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Flywire's flotation suggests the IPO slowdown is behind us Boston-based payment processor Flywire announced its IPO pricing last night. The company sold 10.44 million shares at $24 per share, the upper limit of its $22 to $24 per share price range. At that share count and price, Flywire's gross IPO proceeds stood at ...
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