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Watch a Porsche Taycan Turbo S Beat a Tesla Model S P100D in a Drag RaceTesla is the long-standing king of electrified acceleration. Truly, it is unparalleled by even the fiercest of liquified-dinosaur-powered competitors in a straight line. But heavy is the head that wears the crown, especially when the Germans are waiting for a chance to take… Read |
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US income inequality jumps to highest level ever recordedIncome inequality in the US reached its highest level in more than half a century last year. While the economy has expanded steadily over the last decade, it has disproportionately benefited some of the wealthiest Americans. In February, Federal Reserve Chairman Jay Powell s… Read |
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The USDA Dropped a Corn Bombshell. What It Means for Deere and Other Stocks.The U. S. Agriculture Department, or USDA, zigged on Monday when the market expected it to zag. The farming agency released its monthly world grain report, called WASDE, and, surprisingly, the agency sees a bigger U. S. corn crop—despite poor weather in the Midwest. Co… Read |
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Company: Kentucky coal mine to cease production FridayHENDERSON, Ky. (AP) — A Kentucky mine that employs about 200 people is slated to stop producing coal within one week. Alliance Resource Partners L. P. announced Friday that Dotiki Mine in Webster County will halt production starting Aug. 16. The Oklahoma-based company… Read |
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Netflix’s results and executive comments show it’s just another media company — not a pay-TV killerwatch now As Netflix’s stock soared over the past couple years, investors and consumers wondered how to think of the company’s long-term role in the media ecosystem. The latest quarterly results should make it easier to define Netflix, but the answer may not be a… Read |
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Harley-Davidson’s LiveWire is more electric motorcycle than I’ll ever needThere’s not a lot I can tell you from the 20 minutes I spent riding Harley-Davidson’s first electric motorcycle this weekend at the Formula E race in Brooklyn, New York. One thing I can tell you, though, is it’s certainly more electric motorcycle than I&rsq… Read |
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Shaq started investing like Jeff Bezos: ‘I probably quadrupled what I’m worth’Since retiring from his 19-year basketball career in 2011, Shaquille O’Neal has seen just as much success off the court: He was an early investor in Google and has since accumulated an impressive portfolio, including investments in Apple, 24 Hour Fitness and nightclubs… Read |
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Pepsi makes juicy profits from fruitA new line of Pepsi colas made with real fruit juice helped Pepsico to beat Wall Street’s expectations for the second quarter. Growing demand for snacks and fizzy drinks in North America offset a comparably sluggish performance outside the region, including in Europe. … Read |
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Only 14 states allow unpermitted lemonade stands. Country Time wants the others to do the same(CNN)Grab those extra pennies and dimes, because it's almost the official start of summer, which means kids are getting ready for peak lemonade stand season. There's one thing that could stop them from opening up shop on those hot neighborhood streets though: the l… Read |
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Boeing to move space headquarters to FloridaWASHINGTON — Boeing announced June 19 it will move the headquarters of its space division from the Washington, DC area to Florida as a number of its major programs shift from development to operations. Dennis Muilenburg, chief executive and president of Boeing, announc… Read |
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Citing concerns from NASA, senators urge FCC to rein in 5G expansionIt's a capital improvement project the size of the entire planet, replacing one wireless architecture created this century with another one that aims to lower energy consumption and maintenance costs. Two senators this week urged the Federal Communications Commission (F… Read |
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Mazda recalls nearly 190,000 cars due to failing wipersAFP/Getty Images DETROIT (AP) — Mazda is recalling nearly 190,000 Mazda 3 compact cars in the U. S. because the windshield wipers can fail. The company 7261, +0.11% says in documents posted Saturday by the U. S. National Highway Traffic Safety Administration that the r… Read |
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There’s a 'critical variable' that will determine when the next stock market crash strikes — and one expert says it could erase 10 years of progress sooner than anyone thinksThe stock market is back within 2% of record highs, but one market expert says this strong performance is masking a major issue lurking under the surface. Doug Ramsey, the chief investment officer at Leuthold Group, is focused on a "critical variable" he says is cl… Read |
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Amazon's global broadband ambitions start with 3,236 satellitesAmazon has confirmed that it is working to start a satellite broadband service that will serve most of the world. The plans, first reported by GeekWire, went under the codename "Project Kuiper, " the name referring to the icy asteroid belt straddling between Neptun… Read |
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Did San Antonio Violate Chick-fil-A’s First Amendment Rights?Chick-fil-A restaurant (Photo by Alex Wong/Getty Images) Government officials are not supposed to impose political or religious litmus tests on businesses. They cannot punish them, or even selectively withhold benefits from them, because they made donations to organizations… Read |
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Johnson & Johnson and Bayer agree to pay $775 million to settle thousands of Xarelto lawsuitsAfter more than five years of litigation, Bayer (BAYRY) and Johnson & Johnson (JNJ) agreed to pay $775 million to settle about 25,000 lawsuits over claims they failed to warn about side effects associated with the Xarelto blood thinner, which the companies jointly market… Read |
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WATCH: TRD talks shop with the developers behind Hudson YardsAfter Hudson Yards’ official opening ceremony on Friday — which featured guest speakers including none other than Big Bird — The Real Deal got a hold of the development team behind the $25 billion project. Ken Himmel, the president and CEO of Related Urban,… Read |
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GM hasn't paid US income tax for years; Ford rarely does. Both get fat refunds. Here's whyGeneral Motors has not paid federal taxes in more than a decade. In fact, it will likely not pay U. S. federal income tax for the next several years, its former chief financial officer has said. Likewise, Ford Motor Co. has paid U. S. income tax only three of the last 10 yea… Read |
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Coyote fur is in big demand thanks to popular parkasThose fur-trimmed parkas so common on city sidewalks have become a boon to backwoods trappers. Coyote fur pelts are in big demand to provide the lush, silvery or tawny-tinged arcs of fur on the hoods on Canada Goose coats and their many global imitators. A good western coyot… Read |
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Kia, Hyundai recall over 500,000 cars over potential engine fire riskHyundai and Kia are recalling over 500,000 vehicles as both companies continue to be investigated by the federal government. The largest individual recall involves about 380,000 Kia Soul vehicles from 2012 to 2016 with 1.6-liter engines. According to National Highway Traffic… Read |
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S&P 500 Shows This Solid Action; This Dow Jones Stock Triggers 2 Key Sell SignalsThe Dow Jones Industrial Average, S&P 500 and Nasdaq exemplified resilience in stocks today. More to the point, all three key equity benchmarks dusted off early weakness to turn what at first looked to be a worrying session into a routine pause in a confirmed market uptr… Read |
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Ripple (XRP) Price Approaching Next Bullish Break Versus Bitcoin (BTC)Ripple price failed once again near the 0.0000880BTC resistance against bitcoin. XRP to BTC is currently trading below 0.0000830BTC, but it could soon bounce back. Key Talking Points Ripple price made another attempt to break the key 0.0000880BTC resistance against bitcoin,… Read |
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Little Caesars warns of fake pizza coupon offer that could be virusAlex Wong/Getty Images Little Caesars Pizza is warning customers about a fraudulent coupon making the rounds that could be harmful to your computer. The Detroit-based pizza chain posted a warning to Facebook on Tuesday: "There is currently a fraudulent Little Caesars co… Read |
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Booking and Airbnb Are Now in a Homesharing Dead HeatWhich is the biggest, baddest company offering alternative accommodations? It has been hard to tell because Airbnb is a private company and its largest competitor, Booking Holdings, didn’t break out its sales from vacation home and apartment rentals — until now. … Read |
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Best Buy's hot streak continuesNew York (CNN Business)Best Buy got a big assist during the holidays from Americans who splurged on Apple watches and Amazon Echo devices. The electronics retailer — one of the handful of legacy brick-and-mortar giants that is thriving in the Amazon era — said We… Read |
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You can get paid $14 an hour to taste test chocolateNASHVILLE, Tenn. (WZTV) — Calling all chocoholics! Confectionery company Cadbury is hiring and its looking for a chocolate taste tester. The job pays $14 an hour. The lucky hire will be part of a 12-person team tasked with giving opinions on brands like Oreos and Milk… Read |
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Southwest gets FAA OK for flights to Hawaii from CaliforniaSouthwest Airlines received FAA approval Wednesday to begin flights between California and Hawaii, a move that could lower fares on the routes. No compatible source was found for this media. The Federal Aviation Administration will increase oversight of Southwest for the fir… Read |
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Cyprus: ExxonMobil finds 3rd biggest gas deposit in 2 yearsNICOSIA, Cyprus (AP) — ExxonMobil has made the world's third-biggest gas find in the last two years off the cost of Cyprus, the country's government said Thursday. Energy Minister Georgios Lakkotrypis said the discovery of an estimated 5-8 trillion cubic feet… Read |
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Novavax shares crater 69% premarket after trial of ResVax misses its main goalNovavax Inc. shares NVAX, -67.12% slid 69% in premarket trade Thursday, after the company said a trial of a treatment for the main cause of viral pneumonia in infants and young children failed to meet its main goal. Gaithersburg, Md. -based Novavax said the phase 3 trial of… Read |
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Tennessee man accused of dipping testicles in customer's salsaA Tennessee man is accused of dipping something other than chips into a customer's salsa. Howard Webb, 31, was with a driver for Dinner Delivered, a food delivery service, on Jan. 12 when he allegedly put his testicles in an order of salsa that a customer had ordered fr… Read |
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Here’s what hedge-fund manager Doug Kass foresees triggering a one-day stock plunge of 5%Getty Images The month of February is winding down with no lunch and no deal in Hanoi for President Trump and his North Korean counterpart, but plenty of green for investors. Investors are waking up to news that talks between POTUS and North Korea’s leader fell apart i… Read |
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British Airways would order the Boeing 777XAfter speculation that amid the 747 retirement, today the news broke that it had gone ahead. The airline has placed an exceptional order of 18 B777-9 aircraft, with 24 more options. The list price per aircraft of the order is US$442.2 million. This equates to a list price of… Read |
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Those Canada Goose jacket hoods are made of coyote fur and now it’s a hot commodityHERKIMER, N. Y. (AP) — Those fur-trimmed parkas so common on city sidewalks have become a boon to backwoods trappers. Coyote fur pelts are in big demand to provide the lush, silvery or tawny-tinged arcs of fur on the hoods on Canada Goose coats and their many global im… Read |
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Hyundai, Kia recall over 500,000 vehicles due to engine fire riskHyundai and Kia are recalling more than a half million vehicles in the U. S. due to new problems that can cause engine fires. Documents posted Thursday by the government show the Korean automakers are adding three recalls after reports of fires across the nation. The largest… Read |
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US economic growth continues to slowUS economic growth slowed to an annualised rate of 2.6% in the final three months of 2018, figures show. However, the reading was ahead of expectations for a rate of between 1.8% and 2%. The pace of growth was below the 3.4% rate seen in the third quarter thanks to a slowdow… Read |
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Amazon Prime members can choose a weekly delivery date with launch of ‘Amazon Day’Amazon this morning launched a new delivery option for Prime members that will allow them to control when their orders arrive, Amazon Day. The option lets shoppers pick a day of the week to take delivery of their recent orders. The boxes arrive together on the selected Amazo… Read |
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Nixing pay-per-ride discounts, MTA Board approves April fare hikeWhen you look at the big picture, the MTA fare increases were both modest and necessary to deal with this years operating deficits of several hundred million. The capital side shortfall is in billions. Long term MTA debt exceeds $40 billion. This results in debt service paym… Read |
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Heating oil delivery truck stolen from company 2 weeks after service van stolenMANCHESTER, N. H. — A Manchester heating oil company is without one of its delivery trucks after the owner said it was stolen, the second vehicle taken in two weeks. ABSCO Heating normally delivers about 5,000 gallons of oil each day, but owner Elaine Cady said it was… Read |
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Marshalls is making an unprecedented change to its business after long refusing to sell onlineMarshalls is launching an e-commerce store this year. The assortment will be different online and in-store in order to prevent cannibalization of sales, The TJX Companies' CEO Ernie Herrman said in a call with investors on Wednesday. Off-price stores have staved off the… Read |
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Budweiser Brewer Pushes Alternative Drinks as Bud Falls FlatAnheuser-Busch InBev SA said Budweiser and Bud Light volumes continued to decline in the fourth quarter, but that its efforts to woo drinkers with new lower-carbohydrate and lower-alcohol drinks had started to improve its overall performance in the U. S. The world’s la… Read |
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JD.com shares take off despite slowing revenue growthShares of JD. com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billio… Read |
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Man Accused of Dipping Testicles in Customer's Salsa During DeliveryDelivery Driver Accused of Dipping Testicles in Customer's Salsa A Tennessee man was jailed on felony charges after appearing to dip his testicles into a container of salsa that a customer had ordered online. The delivery driver allegedly recorded it and posted a video… Read |
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US bars lithium-ion batteries from passenger aircraft cargoThe US government on Wednesday issued new rules that prohibit airlines from transporting lithium-ion batteries and cells as cargo on passenger aircraft. The new Transportation Department rules come after Congress last year directed the agency to adopt the new rules. The new… Read |
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Square Announces Fourth Quarter and Full Year 2018 ResultsSAN FRANCISCO--(BUSINESS WIRE)--Feb 27, 2019--Square, Inc. (NYSE: SQ) has posted its financial results for the fourth quarter and full year of 2018 on the Financial Information section of its Investor Relations website at square.com/investors. Square will host a conference c… Read |
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Remember Amazon's head tax 'threat'? Now it's pulling out of the Rainier Square tower anywayAmazon has confirmed that it's pulling out of new tower at Rainier Square. Instead of renting all the office space, the company will sublease it to other tenants. In Seattle, this may come as a shock. Because last spring, Amazon was criticized for using its lease on the… Read |
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Campbell Soup Is Hot Because Stability Is the New GrowthCampbell Soup (ticker: CPB) closed up 10% on Wednesday after the company reported better-than-expected earnings per share. Campbell earned 77 cents per share in its fiscal-year 2019 second quarter. Analysts predicted the company would earn 71 cents per share. The stock has h… Read |
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5 Impressive Numbers From Chesapeake Energy's Q4 ReportChesapeake Energy (NYSE:CHK) reported surprisingly strong results for the fourth quarter, which ignited shares of the oil and gas producer. Here are five of the most impressive numbers from that report, which show just how far Chesapeake has come in the past year. $0.21 per… Read |
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Farm loan delinquencies highest in 9 years as prices slumpFILE- In this April 5, 2018, file photo sorted soybeans are ready for shipment and planting near White Cloud, Kan. Statistics show the nation's farmers are struggling to pay back their loans after years of low crop prices _ with nearly one out of every five loans in a g… Read |
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Carlos Ghosn's new legal team has applied for bailCarlos Ghosn's new legal team has applied for bail for the ousted Nissan Motor Co Ltd chairman, the Tokyo District Court said on Thursday, the latest attempt after a string of requests were denied by judges citing Ghosn being a flight risk. Ghosn was arrested in Novembe… Read |