Month: February 2021

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Cuomo, facing pressure from Democrats, agrees to independent probe of sexual harassment allegations

New York Gov. Andrew Cuomo speaks to reporters during a news conference at a COVID-19 pop-up vaccination site in William Reid Apartments in Brooklyn, New York City, U.S., January 23, 2021. Mary Altaffer | Reuters New York Gov. Andrew Cuomo on Sunday backed off his plan to appoint a former federal judge, who has a …

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Moderna expects $18.4 billion in 2021 sales from Covid vaccine, chief medical officer to depart

A Moderna (COVID-19) vaccine is seen at the LA Mission homeless shelter on Skid Row, in Los Angeles, California, U.S., February 10, 2021. Lucy Nicholson | Reuters Moderna said Thursday it expects to make $18.4 billion in sales from its Covid-19 vaccine this year. In releasing its fourth-quarter earnings, Moderna also said its chief medical …

Moderna expects $18.4 billion in 2021 sales from Covid vaccine, chief medical officer to depart Read More »

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Coinbase files for direct listing after revenue more than doubles in 2020

Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from …

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Covid ‘long haulers’ can also suffer lasting impact on their finances. Here’s one woman’s story

Laura Crovo still has some lingering Covid symptoms, despite having contracted the virus last April. It’s been 10 months since Laura Crovo has felt entirely normal. Since testing positive for Covid last April, the 41-year-old Marylander has yet to shake off all of her symptoms. And on top of battling them — mostly a racing …

Covid ‘long haulers’ can also suffer lasting impact on their finances. Here’s one woman’s story Read More »

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FDA approves Johnson & Johnson’s single-shot Covid vaccine for emergency use

The Food and Drug Administration has approved Johnson & Johnson‘s Covid-19 vaccine for emergency use, giving the United States a third tool to fight the pandemic as highly contagious variants start to take root across the country. The FDA’s emergency use authorization Saturday kickstarts the federal government’s plan to distribute nearly 4 million doses of …

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Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple

CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s rally of as much as 175% over the past two days. “I think the average American right now is trying to figure out how do I find a stock that triples,” Cramer said. “‘Forget what …

Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple Read More »

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As some colleges struggle, there may be an opportunity for more aid. Here’s how to negotiate

Stony Brook, N.Y. First day of the 2020 fall semester at Stony Brook University. Newsday LLC | Newsday | Getty Images Some of the most selective colleges and universities are seeing a surge in applications for incoming freshmen this fall. Yet other schools are struggling. That may present an opportunity for families to try to …

As some colleges struggle, there may be an opportunity for more aid. Here’s how to negotiate Read More »

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Kelly Loeffler no longer a WNBA team owner as NBA approves sale of Atlanta Dream

Renee Montgomery of the Atlanta Dream. Adam Pantozzi | National Basketball Association | Getty Images Kelly Loeffler, the former U.S. senator who lost her seat in the Georgia runoff elections last month, is no longer a WNBA team owner. The Women’s National Basketball Association announced Friday that it and the NBA board of governors have …

Kelly Loeffler no longer a WNBA team owner as NBA approves sale of Atlanta Dream Read More »

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Salesforce revenue up 20% from last year, forecast calls for similar growth rate

Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares were down as much as 4% in extended trading on Thursday after the enterprise-software company issued earnings that exceeded analysts’ estimates, but Salesforce came up short …

Salesforce revenue up 20% from last year, forecast calls for similar growth rate Read More »

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Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary

People wearing face masks crossing a street at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday. …

Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary Read More »

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An activist with value approach takes the next step to turn around a food and beverage manufacturer

A sign outside of a facility occupied by TreeHouse Foods in Brantford, Ontario, Canada. Kristoffer Tripplaar | SIPA USA | AP Company: TreeHouse Foods Inc. (THS) TreeHouse Foods Inc. of Oak Brook, Illinois manufactures consumer packaged food and beverages, including a range of shelf-stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad …

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House Covid relief bill extends unemployment benefits by 5 months, pays extra $400 a week

Al Drago | Getty Images News | Getty Images Unemployment benefits extended Those programs include Pandemic Unemployment Assistance for self-employed, gig and other workers who don’t qualify for state-level assistance; and Pandemic Emergency Unemployment Compensation, which pays extra weeks of state benefits to the long-term unemployed. The bill would offer PUA recipients a maximum 74 …

House Covid relief bill extends unemployment benefits by 5 months, pays extra $400 a week Read More »

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As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of …

As store owners sign more short-term leases, landlords are taking a risky bet on the future of retail Read More »

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Virgin Galactic delays next spaceflight test to May, with commercial service launch pushed to 2022

A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May and pushing the …

Virgin Galactic delays next spaceflight test to May, with commercial service launch pushed to 2022 Read More »

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Warren Buffett says ‘never bet against America’ in letter trumpeting Berkshire’s U.S.-based assets

Warren Buffett Gerard Miller | CNBC Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never bet against America.” “In its brief 232 years of existence … there has been no incubator for unleashing human potential like America,” the chairman …

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Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC This is …

Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020 Read More »

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Covid relief bill may trigger $36 billion cut to Medicare, higher student loan fees

Bill Clark | CQ-Roll Call, Inc. | Getty Images A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s ultimately passed. The funding cuts would take effect in 2022 and last for several years. …

Covid relief bill may trigger $36 billion cut to Medicare, higher student loan fees Read More »

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J&J says two trial participants had severe allergic reactions after getting Covid vaccine

Empty vials that contained a dose of the Johnson & Johnson vaccine against the COVID-19 coronavirus lie on a table as South Africa proceeds with its inoculation campaign at the Klerksdorp Hospital on February 18, 2021. Phill Magakoe | AFP | Getty Images Two people suffered severe allergic reactions shortly after getting Johnson & Johnson‘s …

J&J says two trial participants had severe allergic reactions after getting Covid vaccine Read More »

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DoorDash stock falls after company drops first earnings report since going public

Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash reported Q4 2020 earnings after the bell on Thursday. It beat analyst revenue estimates but included a large …

DoorDash stock falls after company drops first earnings report since going public Read More »