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Crypto Exchanges Break (Again), Showing Fragile Market Not Fixed It's been a rough two weeks in the crypto world, where as much as $1 trillion in market value has evaporated. Wednesday may be the worst of it, as the world's two largest digital asset exchanges, Binance and Coinbase Global Inc., suffered service outages, ...
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Tencent Tries to Bounce Back From $200 Billion Antitrust Slide China's biggest company is riding a gaming and cloud boom · Questions linger over fallout from Xi Jinping's crackdown ...
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3 ETFs to Protect Against Inflation In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.
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Cathie Wood, Still a Bitcoin Believer, Sees It Going to $500000 The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000. She noted that as highly volatile sectors in the stock market are selling off amid inflation fears, Bitcoin is ...
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JetBlue's London Flights Are Launching This Summer—And Fares Are on Sale Now It's official: JetBlue will be launching its first transatlantic routes this year, with new flights to London's two busiest airports from New York City this summer. The budget airline, known for its perks in economy class and affordable business-class cabin, will ...
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Ford F-150 Lightning debut is same day as new 2021 F-150 production cuts The morning of its global debut of the all-electric Ford F-150 Lightning, Ford Motor Co. informed workers that 8 factories would see additional cuts to production because of the ongoing supply chain disruption. Ford will be temporarily shutting down both ...
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Fed officials in April cautioned about inflation pressures In minutes of their discussions released Wednesday, a number of participants in the discussions expressed the view that supply chain bottlenecks and input shortages that were pushing prices higher may not be resolved quickly and could end up putting " ...
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Boeing resumes 737 MAX deliveries following electrical issue -source Boeing Co (BA.N) resumed deliveries of its best-selling 737 MAX on Wednesday, following approval of a fix for an electrical grounding issue that sidelined dozens of jets, a person familiar with the matter told Reuters. Reuters reported on April 16 that Boeing ...
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M&A Darling Iovance Drops on Drug Delay and CEO Departure Iovance Biotherapeutics Inc. plunged as much as 39% Wednesday after its chief executive resigned just hours after the biotech company announced the delay of its lead experimental medicine. The stock had its biggest drop since October 2013 and trading in ...
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TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run TuSimple, a driverless tech company, tested its trucks by hauling fresh watermelons along a 951-mile route from Nogales, Arizona, to Oklahoma City. The job, which normally takes over 24 hours, took only 14 hours and six minutes, the company said.
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Advisor FAQ: Why Are Cryptocurrencies Crashing? Cryptocurrencies plunged in overnight trading Wednesday with Bitcoin hitting a low of $30,200, down more than 50% from its all-time high of $64,829 in April. The volume of selling sparked outages on crypto exchanges, whose shares also fell as selling begot ...
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Hope for Prospective GPU Buyers? Ethereum Prepares to Phase Out Mining The news was contained in a blog post from the Ethereum Foundation. For years now, the nonprofit has been working to move Ethereum away from traditional mining to what's called a "Proof-of-Stake" protocol, which promises to streamline the cryptocurrency.
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JPMorgan Shakes Up the Race to Succeed Jamie Dimon Marianne Lake, the bank's head of consumer lending, and Jennifer Piepszak, its chief financial officer, will become joint heads of the consumer and community bank, effective immediately. Gordon Smith ...
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China Has Bought 37% of Next Year's Corn Imports Just From US The Asian nation bought about 9.5 million metric tons of U.S. corn from the 2021-22 season so far this month, according to U.S. Department of Agriculture figures. The agency expects China to import around 26 million tons from worldwide suppliers for the period ...
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J&J vaccine production could restart in US 'within days,' Emergent executive testifies Emergent BioSolutions could resume manufacturing Johnson & Johnson's Covid-19 vaccine within days, CEO Robert Kramer told a House panel Wednesday. The Food and Drug Administration ordered Emergent to pause production last month after a series ...
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Colonial Pipeline CEO says paying $4.4 million ransom was 'the right thing to do for the country': report Colonial Pipeline's CEO, Joseph Blount, told the Journal he authorized the payment after the May 7 ransomware attack because the company didn't know the extent of the damage and wasn't sure how long it would take to bring the pipeline's systems back.
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Ready for a COVID booster shot? Pfizer CEO says one may be needed in 8-12 months CEO Albert Bourla revealed during an Axios COVID-19 livestream on Tuesday that data "[supports] the notion that likely there will be a need for a booster somewhere between 8 and 12 months." The vaccine currently requires two doses for maximum protection.
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Southwest says leisure airfares near pre-pandemic levels but flags rising jet fuel prices Southwest says leisure bookings are continuing to recover as Covid pandemic threats in the U.S. wane. The low-cost airline expects to trim its cash burn to $1 million to $3 million this quarter, from $6 million in April. Southwest said it's facing ...
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Cicada swarms offer unusual snack opportunities for Americans "We really have to get over our dislike of insects, which is really strong and deep-seated in most people in our culture," said David George Gordon, author of "Eat-a-Bug Cookbook" and known as the Bug Chef.
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American Airlines' largest regional carrier gets FAA warning Envoy Air is not a household name, but it is owned by American Airlines and its planes connect smaller cities nationwide with American's hubs like Dallas-Fort Worth, Chicago, and Miami. A commuter jet was seconds away from landing at a regional airport in ...
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Wisconsin nearing 5 million shots and 40% fully vaccinated MADISON, Wis. (WBAY) – Wisconsin is days from reaching two milestones in the fight against COVID-19: administering 5 million doses of vaccines and fully vaccinating 40% of its population. As we approach these milestones, cases and deaths remain low ...
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AMD bucks tech sell-off, gains after announcing new $4 billion stock-buyback program The buyback will be paid for using cash from operations and doesn't have a set end date. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
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What are the 50 'most unique' items left behind in Ubers? While such items as phones and keys are among the most frequently forgotten, riders have left behind things including a tooth, wands, and even a large painting of Kate Middleton, the Duchess of Cambridge.
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Salesforce Stock Gets a Boost as Morgan Stanley Turns Bullish After Sharp Drop But now Weiss contends that Salesforce is "well positioned for ramping digital transformation demand," with management providing "more constructive margin commentary." He adds that the selloff in the stock "has made the valuation ...
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Lowe's signals stronger than expected home improvement demand after sales jump (Reuters) - Lowe's Cos Inc said on Wednesday demand for home improvement products was more buoyant than its expectations despite vaccine rollouts after reporting a near 26% jump in quarterly same-store sales. Stuck-at-home Americans fueled a surge ...
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Is Peloton Stock a Buy? The connected home exercise equipment company plans to expand internationally even as it grapples with product recalls. Royston Yang. (TMFRoystonYang). May 19, 2021 at 7:43AM. The pandemic has altered our lives in ways we could not have imagined ...
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Frontier sued for allegedly misleading customers on internet speeds "The FTC alleges Frontier did not provide many consumers with the maximum speeds they were promised, and the speeds they actually received often fell far short of what was touted in the plans they purchased," the FTC said in a press release Wednesday.
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Ro, a health care start-up, will acquire Modern Fertility. "We essentially took the same laboratory tests that women would take in an infertility clinic and made them available to women at a fraction of the cost," said Afton Vechery, a founder and chief executive of Modern Fertility, noting that her own test at a clinic set ...
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Molson Coors to quadruple hard seltzer production in Canada Molson's hard seltzers launched in Canada in March. The production move is part of a $100 million investment in the hard seltzer business, and will mostly go towards the Toronto brewery, which should be producing hard seltzer by winter 2022. Molson ...
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First phase of Blue Origin rocket auction closes; highest bid at $2.6M The bidding concludes with a live auction on June 12, for which parties are required to raise their bid limit by June 10 at 5 p.m. ET in order to participate. The winning bid amount will be ...
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Here's the most popular barbecue style in Georgia The website has information on meat recipes, grilling skills and the best local barbecue. It analyzed Google Trends data to discover which of the big five styles — Texas, Kansas City, Memphis, North Carolina or South Carolina — were the most popular in every ...
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Georgia nuclear plant now delayed until 2022 as costs mount ATLANTA – Georgia Power Co. said Tuesday that delays in completing testing means the first new unit at its Vogtle plant is now unlikely to start generating electricity before January at the earliest. The unit of Atlanta-based Southern Co. had in recent years ...
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The median-priced Mass. house now costs more than $500000 Jon Gorey - Globe Correspondent. May 19, 2021 10:33 am. Home prices continued surging to new highs in April, with the median price of a Massachusetts single-family home topping the half-million-dollar mark for the first time ever, according to real estate ...
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Oatly IPO To Price As Vegan Dairy Startup Eyes $10 Billion Valuation The Oatly IPO is expected to price late Wednesday ahead of the vegan dairy company's trading debut, as alternative milk products, once banished to health food stores, go mainstream. The Swedish company is offering 84.4 million American depositary shares ...
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OSHA reviewing new CDC guidance on COVID-19, agency says CDC added to its guidance May 16, allowing for fully vaccinated people to forgo a mask or physical distancing unless required by laws, rules or regulations – including restrictions set by workplaces or businesses. A person is considered fully vaccinated two ...
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European Union Approves Reopening Tourism to Vaccinated Travelers "The European Union's risk-based, science-driven plan to reopen international travel will hopefully spur the U.S. to heed the many calls for a plan and timetable to safely reopen our borders," U.S. Travel Association President Roger Dow said.
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Squarespace stock goes public on the NYSE with a direct listing: Here's the latest Squarespace is designing its debut on the New York Stock Exchange. advertisement. The website creation company and e-commerce platform is going public today with a direct listing, trading under the ticker symbol is SQSP. The NYSE gave its shares a $50 ...
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High Flying ETFs Reverse Course Easy come, easy go. The torrid rally in some of the frothiest areas of the markets has come to an emphatic end, with the crypto complex being the last domino to come crashing upon this morning. High growth stocks—including many tech companies, SPACs ...
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14 wineries to try in North Georgia Sign up for the free Flight newsletter from the Gainesville Times and unwind with off-beat stories while staying up to date on what's new and fun around Northeast Georgia. Delivered every Thursday afternoon. · Montaluce Winery · Kaya Vineyard and Winery.
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Nio Stock Is Still Undervalued, Just Not As Much As Before This is based on my expectation that, just as Nio predicted, it will produce between 21,000 and 22,00o EVs during Q2. This means that its quarter-over-quarter (QoQ) delivery growth will be about 5.2%, down from 15.6% in Q1.
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Plant-based chicken maker Daring raises $40M in latest funding round Retrieved from Daring. Dive Brief: Plant-based chicken startup Daring has raised $40 million in a Series B funding round led by D1 ...
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Honeywell, SAP launch Forge Real Estate Operations Honeywell Forge Real Estate Operations is designed for real estate owners, managers and operators to track building performance via a scorecard that includes IT and operational data, occupant information and other metrics. The company ...
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On Shared Solar, Dominion And Solar Groups Clash Over $75 Minimum Bill Proposal In an April 30 letter to the State Corporation Commission, Department of Mines, Minerals and Energy Director John Warren said "the high amount" proposed by the utility could "have a significant inhibiting effect" on customer participation.
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GCI reveals landmark commitment to bring 10 gig internet speeds to Alaska, will deliver 2 gig in 2022 ANCHORAGE, Alaska, May 19, 2021 /PRNewswire/ -- GCI, Alaska's largest telecommunications company and leader in technology and connectivity, announced today it will deliver 2 gig internet access to 77% of Alaskans in 2022 and is on track to provide 10 ...
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Gas supply improves in York, Chester, Lancaster counties as pipeline resumes operation A GasBuddy report on Wednesday, based on real-time crowd-sourced data, showed 38% of South Carolina stations had fuel outages. Last Thursday, the proportion of outages peaked at 54%.
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UW-Madison partners with electric vehicle company to develop new vehicle technologies In May 2021, the two organizations signed an agreement to develop a Canoo research center at UW-Madison. The center will advance research in electric propulsion technologies with a goal of increasing electric vehicle utility while reducing burdens on finite ...
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Albany International Airport still requiring face coverings when traveling ALBANY, N.Y. (NEWS10) — Albany International Airport announced Wednesday that travelers are still required to wear masks inside the airport when flying. This comes as Gov. Cuomo lifted the mask mandate in most public settings across NYS with certain ...
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Tesla driver asleep behind wheel while going 82 on Autopilot, officials say A man from Illinois was caught sleeping behind the wheel of his Tesla while it was allegedly operating on Autopilot, according to officials. On Sunday, a Kenosha County deputy spotted 38-year-old Mitul Patel with his head down and "not looking at the road" ...
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CommonSpirit and Essentia scrap hospital sale plans The Chicago-based system with a broad national footprint had signed a non-binding letter of intent in January to explore the sale of its facilities in Minnesota and North Dakota that operate under its Catholic Health Initiatives, or CHI, brand to Duluth, Minnesota- ...
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US stocks decline, yields rise on Fed minutes U.S. stocks declined and Treasury yields rose as minutes showed Federal Reserve officials were cautiously optimistic about the U.S. recovery at their April meeting, with some signaling they'd be open "at some point" to discussing scaling back the central ...
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