Month: July 2021

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CDC study shows 74% of people infected in Massachusetts Covid outbreak were fully vaccinated

Boston EMS medics work to resuscitate a patient on the way to the ambulance amid the coronavirus disease (COVID-19) outbreak in Boston, Massachusetts, April 27, 2020. Brian Snyder | Reuters About three-fourths of people infected in a Massachusetts Covid-19 outbreak were fully vaccinated against the coronavirus, according to new data published Friday by the Centers …

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Stocks making the biggest moves midday: Hilton, Yum Brands, Tesla and more

In this article HLT 9984.T-JP DIDI YUM Hilton Worldwide Holdings Inc. signage is displayed outside one of the company’s hotel locations in San Francisco. David Paul Morris | Bloobmerg | Getty Images Check out the companies making headlines in midday trading. Zoom Video — Shares of the teleconferencing company jumped nearly 5.5% after KeyBanc upgraded …

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Another wave of students may opt out of college this fall

As the delta variant drives new Covid cases across country, the pandemic’s economic impact continues to weigh heavily on college enrollment. Now, with another class of undergraduates set to start classes in the fall, families are once again struggling with the cost. Nearly two-thirds of parents, or 63%, said their child’s post-high school plans have …

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Wall Street employees begin to mask up again as Citigroup tells workers of new mandate

Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters For a few glorious weeks, Wall Street employees who were …

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Cryptocurrency is taking off as a way to pay for those vacation getaways

Alexander Spatari | Moment | Getty Images You’ll probably have to use cryptocurrency to pay off that ransomware hacker who froze your laptop, but where else might you put all your bitcoin, ethereum and other digital coins to actual use? Tesla may still be unsure about accepting bitcoin for its electric vehicles again, yet cryptocurrency …

Cryptocurrency is taking off as a way to pay for those vacation getaways Read More »

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Comcast beats earnings expectations, gains record internet customers for quarter

In this article CMCSA CEO of Comcast Brian Roberts arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Comcast is set to report second-quarter financial results before-the-bell Thursday. Here are the key numbers: Adjusted earnings per share: 67 cents expected in a Refinitiv …

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Stocks making the biggest moves after hours: Amazon, Pinterest, Gilead & more

In this article AMZN SWKS GILD TMUS PINS A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Check out the companies making headlines Thursday after the bell:  Amazon — Amazon shares fell more than 6% in after-hours trading after the company reported its first …

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The national ban on evictions expires today. Here’s who’s most at risk

In this article Rauf Karimov | iStock | Getty Images With the national eviction ban expiring today, Leopold expects he and his wife, Vivia, and their six young children, will be forced out of their home in Deerfield Beach, Florida, where they’ve lived for the past three years. They’re one of millions of families in …

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SEC slaps new disclosure requirements on Chinese IPOs amid Beijing’s crackdown

People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters The Securities and Exchange Commission said Friday it will now require additional disclosures from Chinese companies seeking a listing on U.S. stock exchanges, following Beijing’s intensified crackdown on oversea share issuance. “In light of …

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Royal Caribbean shares tumble as 6 Covid cases discovered on board a ship, cruise line expands U.S. testing policy

In an aerial view, the Royal Caribbean Freedom of the Seas (L) prepares to set sail from Port Miami during the first U.S. trial cruise testing COVID-19 protocols on June 20, 2021 in Miami, Florida. Joe Raedle | Getty Images Royal Caribbean Cruises shares fell more than 4% Friday after six passengers on board its …

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Procter & Gamble earnings beat, but company warns cost pressure will weigh on future profits

In this article KMB PG View of Dawn dish soap liquid at Stop & Shop Supermarket. Ron Adar | LightRocket | Getty Images Procter & Gamble is set to report its fiscal fourth-quarter earnings results before the market opens on Friday. Here’s what Wall Street is anticipating, based on a survey of analysts by Refinitiv: …

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Here’s everything you need to know about applying for federal rental assistance

teekid | E+ | Getty Images Although the national ban on evictions that’s been in effect for almost a year will expire tomorrow, there’s still time for struggling renters to apply for federal aid. Congress has allocated more than $45 billion in rental assistance to address the crisis, and only a sliver of the money …

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MicroStrategy CEO defends debt-financed bitcoin buys, compares it to investing early in Facebook

MicroStrategy CEO Michael Saylor on Friday defended his enterprise software company’s debt-financed purchases of bitcoin, telling CNBC he sees buying the cryptocurrency right now as comparable to investing in Facebook in the social network’s early days. “We’ve got $2.2 billion of debt and we pay about 1.5% interest, and we have a very long time …

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Disney tells salaried and non-union employees in the US they must be vaccinated by end of September

In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images The Walt Disney Company said Friday it is requiring all salaried and non-union hourly employees in the U.S. to be …

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Stocks making the biggest moves midday: Amazon, P&G, Caterpillar and more

In this article AMZN TXRH GILD PG PVH HOOD In this photo illustration an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Amazon — Amazon shares fell 6.5% after the tech giant’s second-quarter …

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The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year

Stefani Reynolds/Bloomberg via Getty Images The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth about $10 billion, the agency sent since May. Funds delivered by direct deposit this week started hitting bank accounts on Wednesday, and …

The IRS has issued $10 billion in tax refunds on unemployment benefits. Here’s why another break is unlikely next year Read More »