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Crypto Surprise Rattles Industry in Rare Bipartisan Tax Plan A Senate proposal to ramp up IRS surveillance over cryptocurrency transactions has the industry and investors questioning the plan's viability and its promise of generating $28 billion in tax revenue. Cryptocurrency exchanges, investors and their advisers ...
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Flight attendant union calls for criminal penalties for unruly passengers (CNN) — The nation's largest flight attendant union says nearly one in five of its members has encountered a violent airplane passenger so far this year, and it says the time has come for more focus on criminal charges for in-air disturbances. "When people ...
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Amazon's Pandemic Bump Fades as Vaccinated Shoppers Venture Out New Chief Executive Officer Andy Jassy, who took the helm from founder Jeff Bezos on July 5, has to convince investors that Amazon continues to be a good long-term bet even though revenue growth is slowing and the company faces heightened scrutiny from ...
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Emergent to resume J&J COVID-19 vaccine production at Baltimore plant The resumption follows additional reviews and collaboration with the FDA and manufacturing partners, Emergent Chief Executive Officer Robert Kramer said. The FDA has so far approved five batches from the Emergent facility since production there was ...
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When does the Chase Sapphire Preferred's 100000-point welcome bonus end? To give an idea of how valuable this offer is, Chase currently advertises the bonus to be worth $1,250. However, many points maximizers are able to realize greater value by transferring their points to Chase's airline and hotel partners.
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Is Intel Stock Finally Worth Buying? The odds were stacked against Intel (NASDAQ:INTC) going into its second-quarter earnings report. The company still managed to put up a strong showing despite the competitive challenges it has been facing from rivals such as Advanced Micro Devices ...
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American Airlines plans tie-up with budget carrier JetSMART in South America Texas-based American, the largest U.S. operator of flights to South America, did not disclose the size, price or timing of the proposed investment in private-equity-owned JetSMART, which operates primarily from Chile and Argentina.
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Porsche and Audi Boom Buttresses VW as Chip Shortage Worsens Strong sales of high-end Porsches and Audis are limiting the damage the global chip shortage is doing to Volkswagen AG, leading Europe's biggest carmaker to raise its profitability outlook for the year. VW lifted its forecast operating return on sales for the ...
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Why Biden, Apple, Google And Others Are Changing Strategies To Combat Covid Crisis President Joe Biden, Apple, Google and others are wisely following a basic best practice for responding to a crisis situation that all business leaders should keep in mind: Don't hesitate to change your strategies and tactics when a crisis worsens or takes ...
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Some Are Chasing Extra Vaccine Shots, While Scientists Debate "You can't get enough, that's my feeling," said Ida Thompson, a retired geology professor who got a Pfizer shot a few weeks ago in the United States, months after receiving two doses of the AstraZeneca vaccine in Britain. "Bring it on.".
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Molson Coors Brewing Company (TAP) Q2 2021 Earnings Call Transcript Call Participants. Prepared Remarks: Operator. Good day, and welcome to the Molson Coors Beverage Company Second Quarter Fiscal Year 2021 Earnings Conference Call. You can find related slides on the Investor Relations ...
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Tesla owners could get $625 each in class action settlement over battery throttling Tesla agreed to pay $1.5 million to settle claims that one of the company's over-the-air software updates temporarily limited maximum battery charging capacity and range in 1,743 Model S sedans. The proposed settlement would cover attorneys' fees and ...
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Zuckerberg is turning trillion-dollar Facebook into a 'metaverse' company, he tells investors Following the quarterly release of Facebook's earnings numbers where the company's CFO takes time to walk through the nitty gritty of the company's financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company's future goals, ...
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Activision, Facing Internal Turmoil, Grapples With #MeToo Reckoning More than 1,500 employees for the video game giant, which is facing an explosive state lawsuit, have called for executives to take sexual harassment seriously.
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Brace for Higher Prices for Ice Cream, Beer and Bottled Water Nestlé, Diageo, Anheuser-Busch InBev, and Danone all said Thursday that sales were rising as key markets rebound from the pandemic, but that the recovery was also leading to rapidly increasing costs for ingredients, packaging and transport.
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Rebound in oil demand boosts results of refiners Valero, PBF After hitting record lows in 2020, fuel consumption has been rising this year as expanding vaccination drives encourage governments to lift virus-led restrictions. Valero's second-quarter refining margin rose almost 36% to $1.97 ...
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Pinterest shares drop as company misses on user growth … again Those expectations now appear to be correct, as Pinterest beat on earnings with second-quarter revenue of $613.2 million and earnings per share of 25 cents, above analysts' estimates. However, Pinterest's stock still tanked ...
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Didi Considers Going Private as China's Tech Crackdown Hammers Investors The move would satisfy Chinese regulators on a merciless crackdown against tech firms — as well as Didi investors, who have been hammered by losses since the firm failed to mention a government probe into its activities.
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Realogy CEO says remote work is here to stay and the firm is renovating its own HQ to prepare Realogy is renovating its New Jersey headquarters as the real estate services firm embraces hybrid work, CEO Ryan Schneider told CNBC. "Instead of having 1,000 people a day here, we want 250 a day here, but to do collaboration," he said. Schneider's ...
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T. Rowe Price Names New CEO But Reaffirms Priorities The firm's CEO-to-be says the focus will remain on broadening ESG investing capabilities, transforming the retirement plan services business through the recently announced partnership with FIS, and continuing to evolve the firm's target-date offerings.
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T-Mobile Tops Revenue Estimates, Raises Forecast for Subscribers T-Mobile US Inc. surpassed Wall Street sales estimates for the second quarter, and raised its forecast for subscriber growth, showing the benefits of the carrier's lead in 5G capacity over Verizon Communications Inc. and AT&T Inc. The second-largest U.S. ...
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Wall Street Pushes Broadly Higher After Two Days of Losses Stocks rose on Wall Street Thursday as the latest government data showed continued economic growth and investors reviewed another batch of mostly positive corporate earnings reports. Online brokerage Robinhood made an underwhelming debut on the ...
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P&G names Jon Moeller as CEO replacing David Taylor Procter & Gamble announced Thursday its chief operating officer, Jon Moeller, will take over as chief executive on Nov. 1, replacing David Taylor, who will become executive chairman. "Jon has been an integral part of P&G's leadership team for well over two ...
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Nikola founder Milton freed on $100M bail after fraud arrest NEW YORK — The founder and one-time executive chair of Nikola Corp. was freed on $100 million bail Thursday after pleading not guilty to charges alleging he lied about the electric and hydrogen-powered truck startup, duping novice investors including ...
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Kemp says FDA needs to upgrade its authorization for vaccines Kemp said he's heard from people that they won't get the vaccine as long as it is only under emergency authorization by the FDA. ADVERTISEMENT. Pfizer and Moderna ...
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Gilead Sciences Raises FY Product Sales Forecast The biopharmaceutical company now expects total product sales between $24.4 billion and $25 billion, compared with its prior view of $23.7 billion to $25.1 billion. Advertisement. Gilead expects sales of ...
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Microsoft in talks to back India's Oyo Indian budget hotel chain Oyo may have lost a significant portion of its business to the pandemic, but it is inching closer to finding a new investor: Microsoft. Microsoft is in advanced stages of talks to invest in Oyo, valuing the Indian startup at about $9 billion, ...
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Verizon's new hotspot plans are built for your #vanlife dreams They offer standalone and unlimited plan add-on mobile hotspot data that's ready to be taken on the road. Maybe in a Class B Winnebago Solis with a pop-up sleeping compartment, as featured on Wheel of Fortune, south through the redwoods and along the ...
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Rogers, BCE Lead Way in Record-Smashing Canada Spectrum Sale Canada's telecommunications companies will pay C$8.9 billion ($7.2 billion) to buy licenses for 5G wireless airwaves, with Rogers Communications Inc. spending the most to protect its No. 1 position in the market. Toronto-based Rogers committed C$3.3 ...
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Canadian Pacific asks Kansas City shareholders to reject Canadian National deal Kansas City shareholders should reject Canadian National's $33.6 billion bid as there are regulatory risks involved, Canadian Pacific said in a regulatory filing, adding that the proposed acquisition can be decided later. The terms of Canadian ...
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Mastercard Sees 'Long Runway' for Card Usage Amid Reopening Mastercard Inc. said card use in the U.S. soared 36% as the economy reopened from pandemic lockdowns. The surge was bigger than the 31% analysts were predicting, helping overall purchase volume climb to $1.47 trillion, also beating estimates.
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Yum Brands tops earnings estimates as sales rebound at Taco Bell, KFC and Pizza Hut Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions as sales at its three major brands outpaced pre-pandemic levels, and it opened new restaurants at a record pace. Shares of Yum closed at $130.31, up 6.28%, ...
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Why PayPal Stock Dropped Today Shares of PayPal Holdings (NASDAQ:PYPL) fell 6.2% on Thursday, following the release of the digital payment giant's second-quarter results. So what. PayPal's net revenue jumped 19% year over year to $6.2 billion, fueled by an 11.4 million increase in ...
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Despite "Bad Luck," NBCUniversal Expects Tokyo Olympics to Turn a Profit NBCUniversal's second-quarter adjusted earnings rose nearly 13 percent, helped by a return of the entertainment unit's theme parks business to profitability after a year-ago loss due to the coronavirus pandemic, parent company Comcast said Thursday.
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Henry Ford Health System combats misinformation about COVID vaccines Overall, he noted that the current situation in Michigan is not as serious as in other parts of the country. But that could change. "We do strongly believe that vaccine is our way out of ...
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PureCycle Chooses Augusta, Ga., for New Recycling Facility PureCycle Technologies Inc. on Thursday said it would build its first U.S. cluster facility in Augusta, Ga. The company said the facility would produce ultra-pure recycled polypropylene from waste polypropylene. It added that it would initially invest $440 million ...
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Qualtrics to Buy AI-Driven Company for $1.13 Bln Experience management provider Qualtrics International Inc. said it has agreed to buy a company that helps businesses understand customer feedback for roughly $1.13 billion in stock. Deal target Clarabridge uses artificial intelligence to collect and analyze ...
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Ford Posts Surprise Profit on Surging Prices of Scarce Cars Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots. The automaker on Wednesday also raised its full-year forecast ...
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Hawaii gas prices average $4.09 this week, remain steady HONOLULU (KHON2) — Hawaii's statewide average for a gallon of regular unleaded gas is $4.09, according to the AAA Hawaii Weekend Gas Watch. Compared to last week, this price is the same as Thursday, July 22, eight cents higher than in June and 85 ...
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Dog food sold nationwide recalled due to potentially high levels of aflatoxin, a mold byproduct The products were sold at stores nationwide under the company's brands of Triumph, Evolve, Wild Harvest, Nurture Farms, Pure Being and Elm. (See the list of products below.) The company said ...
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The Defender 90 Looks Even Cooler As A Rally Machine Bowler Motors is taking the new Defender 90 rallying in the 2022 Defender Challenge. This rally series will see 12 teams face off in seven rounds across the UK, and it's a one-make competition. Really, it's more like one-make, one-model; the only machines ...
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Mercedes-Benz Is Rushing To Build A Full Spectrum Of Electric Models This September at the 2021 Munich Motor Show's IAA Mobility conference, Mercedes-Benz and its related brands will be showing off eight new models, five of which are battery electric and one is a plug-in hybrid. This is in addition to the brand's ...
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Kaiser Aluminum bringing corporate headquarters to Williamson County from California Kaiser Aluminum, a $1.3 billion manufacturing company, is relocating its headquarters from Southern California to Franklin. The company will invest about $3 million and create 80 local jobs as part of the move, according to a press release from the ...
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Wegmans to open new store in Manhattan. Twitter reacts Now it's getting ready to take Manhattan. On Thursday, the Rochester-based supermarket chain announced it will open a store at 770 Broadway, the site of the former Astor Place Kmart, during the second ...
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Check your spice rack! These seasonings could make you sick McCormick is recalling three of its seasonings because they could be contaminated with salmonella. No illnesses have been reported. Recalled are the Perfect Pinch Italian Seasoning, Culinary Italian Seasoning and Frank's Redhot Buffalo Ranch Seasoning.
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US grand jury indicts former Pilgrim's Pride executives for chicken price fixing Koch Foods, an Illinois chicken company, was also indicted separately for allegedly being part of the conspiracy to fix the prices, the Justice Department said on Thursday. Koch did not immediately respond to a request for comment.
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Napa Natural Wine Business Has Job Posting Go Viral — Higher Vibrations Required What's more, it goes on to include that candidates must be on board with the company's Code of Creation ("At Dry Farm Wines, we believe in a connected source energy. We tap into this energy ...
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SEFCU, CAP COM announce plans to merge SEFCU and CAP COM announced their plan Thursday, about six months after beginning discussions. Following due diligence by the two partners, if state and federal regulatory approval is granted and members vote in favor, the merger would likely be ...
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Face masks recommended again for everyone at Bridgestone Arena NASHVILLE, Tenn. (WKRN) — Bridgestone Arena announced Thursday evening that face masks will once again be recommended for all event attendees for upcoming events there. According to a statement from the arena, the updated face covering policy ...
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SGX Nifty down 90 points; here's what changed for market while you were sleeping Asian shares markets opened lower on Friday in cautious trade, with investors watching corporate earnings and surging coronavirus cases. MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.80 per cent.
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