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Money Stuff: Elon Musk's Bitcoin Fun Continues When you rub the lamp, the genie will come out and invent two assets. They will trade like stocks in many ways, but unlike stocks they (1) will not be subject to U.S. securities laws, (2) will trade 24 hours a day, seven days a week, and (3) will not represent claims ...
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Dollar essentially unchanged as Treasury yields hold steady The dollar on Monday held steady near recent lows as new restrictions in Asia to contain COVID-19 and mixed economic signals from China supported safe-haven currencies, while bitcoin extended its slide. The steady U.S. 10-year Treasury yield , along with ...
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You Can Earn 6% Interest on Bitcoin. Is It Worth the Risk? You Can Earn 6% Interest on Bitcoin. Is It Worth the Risk? Crypto savings accounts that pay yield to borrow your tokens may sound tempting, but there are no guarantees.
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Pandemic's financial burden fell hardest on less-educated Americans, Fed survey shows The coronavirus pandemic had a more devastating impact on Americans with lower levels of education and those least equipped financially to handle such a blow, according to a report released on Monday by the Federal Reserve. The financial chasm ...
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Biden to Send US-Authorized Vaccines Abroad for First Time President Joe Biden plans to send an additional 20 million doses of U.S. coronavirus vaccines abroad by the end of June -- including, for the first time, shots authorized for domestic use, where supply is beginning to outstrip demand. Biden will announce ...
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Virginia and New York City are making it easier for workers to save for retirement New York City and Virginia have approved plans to help employers offer their workers an easy-to-access retirement account. The two governments are the latest to sponsor auto-IRA programs, which are individual retirement accounts that act as an ...
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Airlines' Emissions Halved During the Pandemic. Can the Industry Preserve Some of Those Gains as Travel Rebounds? Members of Greenpeace protest calling for the reduction of air traffic in the face of climate challenges, paint an Air France passenger aircraft parked on the tarmac green at the Roissy-Charles de Gaulle International airport, north of Paris on March 5, 2021.
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NFTs may be the future of art — but are they threatening the future of the planet? A digital artist known as Beeple sold a piece of entirely digital art through Christie's for over $69 million in March, flipping the art world upside down. But the digital registry where that piece of art, called an NFT, is stored is responsible for the annual emission of ...
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Key Inflation Gauge Overstating Prices, Harvard's Cavallo Says Inflation may not be rising as sharply as some recent government reports suggest, according to economist Alberto Cavallo. The consumer price index -- which climbed last month by the most since 2009 -- is giving too much weight to the transportation sector ...
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AT&T battled the DOJ to buy Time Warner, only to spin it out again three years later Just three years ago, AT&T finally closed its $85 billion deal to buy Time Warner, ending a protracted battle with the Justice Department under then-President Donald Trump, which sought to block the deal. Now it's spinning off its media assets from the deal to ...
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Corporate America thinks it can kill most Biden tax hikes Editor's Note: Morning Money is a free version of POLITICO Pro Financial Services' morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take ...
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Emirates Air faced "tough year" as virus looms over travel DUBAI, United Arab Emirates — Passenger levels for the Middle East's largest airlines plummeted by 70% last year and it furloughed more than a quarter of its staff due to the coronavirus pandemic, Emirates' chairman and chief executive said Monday.
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Elliott Urges Duke Energy to Separate Into Three Companies Elliott Investment Management is calling on Duke Energy Corp. to explore splitting into three companies, a move it argues could will unlock as much as $15 billion in value for investors. The New York-based hedge fund said in a letter to Duke's board Monday ...
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Is Disney Stock Still a Buy After Missing Subscriber Estimates? Walt Disney (NYSE:DIS) ended the fiscal second quarter with 103.6 million subscribers on its Disney+ streaming service. While that's more than double the total reported in the year-ago quarter, analysts expected Disney+ to finish the quarter with 109 million ...
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Billionaire Bill Gates' Alleged Relationships With Women While Married Raise Questions About His Character Bill Gates, the multibillionaire cofounder of Microsoft, was viewed and mostly respected by the public as a nerdy, brainy and awkward guy. In the tech community, it was different. Gates was feared. Rivals saw him as brutal and ruthless. The U.S. Justice ...
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Toy Retailer Rolls Out Online Shopping for Kids as Young as 3 New York-based toy retailer Camp NYC Inc. is adding an e-commerce feature to its website that lets kids as young as 3 years old shop for gifts and check out with minimal adult oversight. Parents and other adults in a child's life can set a budget on Camp's ...
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Aon to sell pension, investment consulting units in Germany to LCP Aon agreed to sell its pension consulting, pension administration and investment consulting businesses in Germany to consultant Lane Clark & Peacock as the firm seeks to secure clearance from the European Commission for its merger with Willis Towers ...
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Goldman Taps Uber Executive to Run Its Consumer Bank Peeyush Nahar is set to join Goldman on June 1 as a partner and head of its consumer business, according to an internal memo reviewed by The Wall Street Journal. At Uber, Mr. Nahar oversaw teams that developed software for payments, insurance and ...
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India cenbank: coronavirus second wave hit aggregate demand more than supply India's central bank said on Monday that the second wave of the COVID-19 pandemic in India has had a bigger impact on aggregate demand than on aggregate supply, and it believes the economic slowdown was not as severe as a year ago. India reported a ...
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Gold Hits Three-Month High as Fund Buying, ETFs Buoy Sentiment Gold touched a more than three-month high, buoyed by signs that money managers and exchange-traded fund investors are turning more positive on the precious metal. Hedge fund managers increased their long-only position in U.S. futures and options by ...
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Sanofi Executives Say Covid Vaccine Could Be 'Universal Booster' Sanofi executives said Monday that the Covid-19 vaccine that they were developing with GlaxoSmithKline could be the "universal booster" shot. Results from a Phase 2 trial of the vaccine were promising enough for the two drugmakers to begin a ...
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Goodbye Picture Perfect Ads, Hello Moldy Burgers: What We Can Learn From Burger King's Digital Marketing Strategy 1. They focus on honesty. One of Burger King's biggest recent marketing campaigns focused on their products containing no artificial preservatives. Instead of showing delectable photos of their food at its best, the campaign featured ...
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JD.com Looks to Raise $3.4 Billion in Logistics IPO As e-commerce took shape and grew in China, JD.com created the logistics division in 2007 before spinning it off into a stand-alone business in 2017. The transportation and delivery business served to ...
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Gas hits highest price in 6 years, fuel outages persist despite Colonial Pipeline restart The national gas price average on Monday was $3.04, according to data from the American Automobile Association. The AAA said a price increase leading up to Memorial Day weekend was expected, but last week's pipeline shutdown caused prices to surge in ...
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2022 Subaru Outback Wilderness First Drive Review: More Off-Road Capability Already a decent off-road vehicle, Subaru created a new version of its standby Outback that will climb higher up the mountain. The SUV proved itself in a recent morning of driving both on the twisty roads and dirt trails of Southern California's Santa Monica ...
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Want To Be An Esports Pro? The Guild Academy Is Looking For You There's no question that thousands of talented young gamers are looking for a way to break into competitive esports–and now, courtesy of a new opportunity from one of the industry's youngest and most disruptive teams, they could finally get their chance to ...
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JetBlue Finance Chief to Depart, Acting Replacement Named JetBlue Airways Corp. named a new chief financial officer following Steve Priest's decision to leave the job after spearheading major fleet decisions and cost-control efforts at the carrier since since 2017. Priest's departure is effective June 11, the New ...
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FDA approves Empaveli for paroxysmal nocturnal hemoglobinuria Pegcetacoplan (Empaveli, Apellis Pharmaceuticals) — a targeted C3 inhibitor — is indicated for treatment-naive patients, as well as those switching from the C5 inhibitors eculizumab (Soliris, Alexion Pharmaceuticals) or ravulizumab (Ultomiris, Alexion ...
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De Blasio adding 250 police patrols to NYC subway system amid MTA pressure De Blasio claimed the move brings the total number of officers patrolling the subways to 3,250 — but Monday's boost represents additional shifts, not actual cops, according to the NYPD. That means some officers could be offered overtime shifts or be pulled off ...
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Optimism for renewable energy as recovery, infrastructure bill take shape On its face, 2020 looked like a banner year for renewable energy. More than 23 gigawatts of wind turbine generating capacity came online across the country, according to the U.S. Energy Information Administration, shattering the previous record of 13.2 ...
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Stocks Start Week Lower Stocks traded lower to start the week as investors look ahead to the publication of the minutes from the Federal Reserve's most recent policy meeting. By midday, the Dow Jones Industrial Average slipped 196 points, or 0.6%, while the S&P 500 fell 0.6%.
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Murphy USA Set to Hire 3000 New Store Associates Current incentives include a 2021 summer bonus of $500 at select stores for new team members hired by May 31, paid out to those who remain employed through Sept. 10, 2021. The company will offer new ...
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Why The Children's Place Is Soaring 13% Higher Today So what. Monness Crespi Hardt analyst Jim Chartier upgraded the retailer from neutral to buy and set a $93-per-share price target on the stock, some 20% above Children's Place's closing price last Friday.
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Current Mortgage Refinance Rates -- May 17, 2021: Rates Up a Bit The average 30-year mortgage refinance loan rate today is 3.259%, up 0.02% from Friday's average of 3.239%. If you refinance at today's average rate, your monthly principal and interest payment would be $436 per $100,000 borrowed.
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Iran's Petropars to develop Farzad B gas field, Oil minister says Under the deal, the subsidiary of state-run National Iranian Oil Co (NIOC) will produce 1 billion cubic feet of gas per day within five years from the field, which is estimated to hold 22 trillion cubic feet (tcf) of reserves, of which 16 tcf are deemed recoverable.
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Indonesia's Gojek, Tokopedia to create biggest local tech group SINGAPORE (Reuters) -Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are merging to create a multi-billion dollar tech company called GoTo in the country's largest-ever deal, as rivals bulk up in the fast-expanding sector.
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Full COVID-19 vaccinations to be required for HIMSS21 attendance Attendees, exhibitors, speakers and staff will need to verify that they're fully vaccinated to gain entry to the HIMSS21 campus in Las Vegas. HIMSS will offer more guidance soon on proof and validation, including potential digital apps.
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What To Expect From Home Depot's Stock After Earnings? We expect the company's revenues to likely be in-line while earnings beat consensus estimates. The home improvement leader has seen revenue and net income grow by double digits as millions of homeowners have found themselves spending substantially ...
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"Unruly" passenger faces $52500 fine as FAA announces new penalties An airline passenger who tried to open the cockpit door and hit a flight attendant in the face twice is facing the year's largest fine from the Federal Aviation Administration: $52,500. The passenger on a December 23 Delta airlines flight from Honolulu to Seattle ...
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Esperion Therapeutics CEO steps down; COO promoted to top role COO Sheldon Koenig named top executive of Ann Arbor pharma company · CEO Tim Mayleben stepping down, will serve as consultant · Company took a hit from pandemic just as it introduced cholesterol drugs.
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Fight at Oswego Portillo's between customer and worker has not led to an arrest, police say Oswego police have not been able to interview an injured Portillo's employee or view surveillance video from the restaurant from a Sunday fight between a customer and employee shown in a widely shared cellphone video. The video shared on social media ...
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Carnival Corp. gets 7 of its lines back to business for summer while Carnival Cruise Line awaits US approval Carnival Corp. announced plans to continue or begin sailing from either Europe or the Caribbean on Princess Cruises, Holland America Line, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and Seabourn.
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| Ginkgo Bioworks Acquires Dutch DNA Biotech NEW YORK – Ginkgo Bioworks said on Monday that it has signed a purchase agreement to acquire Netherlands-based Dutch DNA Biotech for an undisclosed sum. Under the terms of the agreement, Ginkgo will acquire 100 percent of Dutch DNA's shares ...
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American Airlines Now Welcoming All Visitors to Italy Previously, American Airlines has offered customers quarantine-free flights from John F. Kennedy International Airport (JFK) to Milan (MXP) since April 2 and on flights from JFK to Rome (FCO) as of May 8.
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Harley-Davidson stock surges toward 3rd straight gain, after EU decision not to raise tariffs "We are encouraged by today's announcement that tariffs affecting our products will not escalate from 31% to 56%," said Chief Executive Jochen Zeitz. "Harley-Davidson employees, dealers, stakeholders and motorcycles have no place in this trade war.
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Incyte's vitiligo treatment meets main goal in late-stage trial The company's shares were up 3.3% at $85.3 before the bell. The trials, conducted in patients aged 12 and above, showed that subjects treated with ruxolitinib twice daily achieved a 75% improvement in facial ...
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Supreme vet named creative director of J. Crew men's Babenzien is the co-founder of men's apparel company Noah and the former design director at Supreme. Babenzien will work alongside J. Crew Group CEO Libby Wadle and will debut his first full collection in the ...
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London Has About 400 Cases of India Variant, Sadiq Khan Says London authorities are working to trace the contacts of 400 people who caught the India variant of coronavirus as the U.K. capital moves to the next stage of lifting its lockdown. Sadiq Khan, who was re-elected London Mayor this month, said about 100 of the ...
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Deal prompts Cincinnati to lose another public company Greater Cincinnati is poised to lose one of its top public companies – and its most well-funded startup – following its proposed merger with a West Coast firm. Blue Ash-based Aerpio Pharmaceuticals (Nasdaq: ARPO) and Los Angeles-based Aadi Bioscience ...
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Stocks fall in morning trading on Wall Street as tech lags Asian stock markets were mixed Monday after Taiwan and Singapore tightened anti-coronavirus restrictions and Wall Street turned in its biggest weekly decline in three months. Lee Jin-man.
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