Wednesday, May 19, 2021

Google Alert - finance

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finance
As-it-happens update May 19, 2021
NEWS
Reuters
LONDON (Reuters) - Iranian oil exports, which have been on a rising trend while talks make progress on reviving the 2015 nuclear deal, have dropped so far in May, according to three assessments, reflecting a lull in demand from China. FILE PHOTO: Iran's ...
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The Wall Street Journal
LONDON—British polluters could face higher costs for emissions in the U.K.'s new post-Brexit carbon market, a key plank of the country's efforts to reduce greenhouse-gas emissions. Futures for U.K. emission allowances changed hands at £47.11 a metric ton ...
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Bloomberg
The Metropolitan Transportation Authority, which carried 5.5 million people on its subways every weekday before the Covid-19 outbreak, faces a harsh reality: Even with $14.5 billion of federal aid, it must plug an estimated $1.5 billion deficit as soon as 2024 if ...
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The New York Times
Production at the plant was halted a month ago after workers accidentally contaminated a batch of vaccine, forcing Emergent to discard the equivalent of up to 15 million doses of Johnson & Johnson's vaccine. The records from ...
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Bloomberg
JetBlue Airways Corp. will jump into a pandemic-battered trans-Atlantic aviation market that remains largely shut down, starting long-promised flights between New York and London this autumn. Daily nonstop service from John F. Kennedy International ...
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Reuters
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. It was China's latest attempt to clamp down on what was a burgeoning ...
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Washington Post
If there is a perfect storm for cryptocurrency scam victims, it's happening right now. Uberrich people have touted the speculative investment, making others feel like fools if they don't get in on the game. Tesla mogul Elon Musk has been a champion of ...
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TechCrunch
"We had originally allocated $150 million for the round, but capped it at $250 million although we could have raised significantly more," he told TechCrunch.
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Motley Fool
Despite Burry's success in profiting from the subprime mortgage crisis, investors should think twice before they follow in the famed investor's footsteps with a similar move. Here are three specific reasons I wouldn't bet against ...
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Bloomberg
The yuan exchange rate will have to be determined by global market participants, and this will allow China to have free cross-border capital flows and pursue an independent monetary policy, Zhou Chengjun, director of the People's Bank of China's finance ...
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E&E News
The pipeline company at the center of the most disruptive cyberattack in U.S. energy history says it followed defensive guidelines set by the government and private sector. But a ransomware cyberattack this month still forced Colonial Pipeline Co. to shut down ...
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KABC-TV
KENOSHA CO., Ill. -- A 38-year-old Illinois man was pulled over Sunday after a deputy saw him apparently sleeping behind the wheel of a 2019 Tesla operating on autopilot, the Kenosha County Sheriff's Department said in a news release. When one deputy ...
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Washington Post
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain "elevated" due to the uneven impact of the pandemic on the economy, warning that the eventual removal of relief measures ...
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Motley Fool
UBS analyst Saul Martinez recently downgraded Wells Fargo (NYSE:WFC) from a buy rating to neutral, saying that the large U.S. bank now trades at a premium to rivals in some regards.
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Barron's
Defense and aerospace giant BAE Systems reiterated its full-year guidance on Wednesday, and said it was well-placed to benefit from countries around the world increasing military spending. Despite a seemingly encouraging update, which included ...
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ABC News
A handful of major restaurant chains across the nation have recently announced that they are raising wages in a bid to attract workers as they finally begin to reopen at full capacity. As the coronavirus pandemic eases and patrons -- fueled by pent-up demand ...
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Barron's
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a virtual news conference. Daniel Acker/Bloomberg. The Federal Reserve's latest meeting minutes come out later today, and ...
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Reuters
An existing Pfizer facility at Grange Castle in Dublin will produce "mRNA drug substance" with output to begin by the end of the year, the statement said. Setting up production will cost $40 million and ...
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Reuters
Indian shares closed lower on Wednesday after two days of sharp gains as private sector banks ceded ground, while Asian peers retreated over concerns of an uptick in U.S. inflation. The blue-chip NSE Nifty 50 index (.NSEI) closed down 0.52% at 15,030.15, ...
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mlive.com
LANSING, MI – Several players won $1 million, but there was no winner of the $475 million Mega Millions jackpot for the drawing held on Tuesday, May 18. That means the drawing on Friday, May 21 will be worth $515 million with a cash option of $346.3 ...
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WFSB
In June 2020, Amazon halted sales of Rekognition to police departments. The decision came during wide-scale protests against police violence in the United States, which began with the death of George Floyd after a Minneapolis police officer knelt on his neck ...
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Pensions & Investments
KKR & Co. agreed to buy John Laing Group for about £2 billion ($2.8 billion), partnering with another investor to secure a global infrastructure portfolio with potential for further growth. The U.S. private equity giant said Wednesday it will pay 403 pence a share ...
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Vermont Biz
Strategic collaboration and licensing agreement to develop new Gallium Nitride technology will enable future wireless networks. Vermont Business Magazine Raytheon Technologies (NYSE: RTX), a leading aerospace and defense technology company, and ...
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TheStreet
Tesla (TSLA) - Get Report was under pressure Wednesday after a report said new registrations in China for its electric vehicles took a sharp downturn last month, raising concerns that the world's biggest EV maker may be losing its grip in the world's biggest ...
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Tampa Bay Times
A Florida-based hedge fund is urging Duke Energy Co. to break off its Sunshine State operations. In a letter to the energy company's board Monday, Elliott Investment Management said Duke Energy Florida and its Midwestern energy company are not ...
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syracuse.com
Wegmans Food Markets will no longer require fully vaccinated customers to wear a mask in stores. "In accordance with the latest CDC guidance, fully vaccinated customers are no longer required to wear a face covering in our stores," Wegmans spokesperson ...
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Bloomberg
Almost two years after Popeyes kicked off the chicken-sandwich wars, sister company Burger King is releasing its own contender. The burger chain, owned by Popeyes parent Restaurant Brands International Inc., is introducing a new breaded chicken ...
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WKMG News 6 & ClickOrlando
ORLANDO, Fla. – Florida's cruise industry lawsuit against the U.S. Centers for Disease Control and Prevention and the U.S. Department of Health and Human Services is heading to mediation. Judge Steven D. Merryday on Tuesday signed an order saying ...
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Livemint
MUMBAI : Made-in-India crypto token Matic, which is the native token of Polygon, traded higher on Wednesday on a day when only four-five digital assets out of the top 100 cryptocurrencies showed positive movement. Sentiment in crypto market soured after ...
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Financial Express
Lexus is known for producing a range of hybrid vehicles and thanks to that effort, the company has managed to sell more than 2 million electrified vehicles globally. US and Europe were the best performing markets. By:Express Drives DeskMay 19, 2021 6:14 ...
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FreightWaves
Watermelons are the latest proof point for autonomous trucking. TuSimple's driver-monitored Level 4 high autonomy-equipped trucks covered 900 miles from Nogales, Arizona, to Oklahoma City, delivering the fruit in just over 14 hours — 42% faster than a ...
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Business Day
World number one diamond producer by value, De Beers, says sales in its fourth cycle fell 15.5% as India, where the majority of stones are polished, grapples with a rampant Covid-19. De Beers, which is 85% owned by global resources company Anglo ...
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Business Standard
Chip shortages are rippling through industry preventing companies from shipping products. Automakers are now expected to lose out on $110 billion in sales this year due to idle factories for lack of essential components.
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This is Money
The pandemic has thrust little-known companies into the spotlight and none more so than Oxford Biomedica. Advertisement. Pre-Covid the Oxford University spin-out was ticking along on the AIM market, developing drugs to treat Parkinson's disease.
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The Australian Financial Review
This week's merger of Gojek with e-commerce site Tokopedia to form GoTo has paved the way for a three-way fight for dominance in south-east Asia's booming digital market.
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Now Habersham
I was born and raised in Atlanta. And, in Atlanta, we drank Coca Cola. It was part of the fabric of the city. The syrup to make Coca Cola was created by pharmacist Dr. Josh Stith Pemberton in 1886. He took the syrup to Jacob's Pharmacy in Atlanta, mixed it with ...
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FreightWaves
LATAM Airlines Group has increased its order for 767-300 converted freighters from Boeing (NYSE: BA), nearly doubling the size of its freighter fleet by the end of 2023 and reducing the average fleet age from 17 to 14 years, the company announced Tuesday.
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Politico
The solution isn't simple. It will require billions of dollars and governors, Congress and the president all working together. Help wanted sign ...
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RTE.ie
The Tánaiste has said he hopes indoor dining will resume in early July. Leo Varadkar told the Oireachtas Committee on Enterprise, Trade and Employment this morning that the guidelines on outdoor dining and drinking, which will be permitted from 7 June, ...
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Creative Review
It's been almost two centuries since American shoemaker Wait Webster patented a process to cement rubber soles to the uppers of shoes in order to make them more suitable for sporting activities. The word 'sneaker' didn't even exist at that point, and ...
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