CNBC’s Jim Cramer on Monday bemoaned the stock market rotation from the high-flying growth tech stocks and into lagging stocks in the market. “I’m so sick of hearing that it’s time to rotate into the small caps, or the oils,…
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Jim Cramer recommends Linde and Cummins for the future of hydrogen energy
A truck operated by Germany’s Linde Group. Rod Nickel | Canada-Helium | Reuters CNBC’s Jim Cramer on Monday endorsed two stocks as plays on hydrogen fuel cells in the current market environment. While Cramer is convinced that hydrogen fuel technology,…
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S&P Global leans in on recurring revenue in $44 billion IHS Markit deal
S&P Global is widely known as a rating agency, but the rating business is expected to make up a much smaller portion of the company’s revenue after its big merger with IHS Markit. In an acquisition announced Monday, S&P Global…
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Tesla’s stock will be added to the S&P 500 in a single step before the open on Dec. 21
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla will be added…
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NFL’s Steelers-Ravens game postponed a third time due to Covid-19
Pittsburgh Steelers quarterback Ben Roethlisberger (7) drops back to pass against the rush of Baltimore Ravens linebacker L.J. Fort (58) during the Pittsburgh Steelers game versus the Baltimore Ravens on November 1, 2020 at M&T Bank Stadium in Baltimore, MD….
Read More Tesla’s stock will be added to the S&P 500 in a single step before the open on Dec. 21
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla will be added…
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Personalized gifts No. 1 search term on Etsy in 2020
The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the…
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Zoom Video, Sunnova Energy, BioNTech & more
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty…
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4 reasons why empty malls on Black Friday aren’t a bad omen
People walk through the King of Prussia mall, on Black Friday, in King of Prussia, Pennsylvania. Sarah Silbiger | Reuters Instead of rushing to malls, Black Friday shoppers largely headed to retailers’ websites this year. The deal-heavy holiday came in…
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2020 Atlantic hurricane season most active on record. What happened
Danielle Fontenot runs to a relative’s home in the rain with her son Hunter ahead of Hurricane Delta, Friday, Oct. 9, 2020, in Lake Charles, La. Gerald Herbert | AP An unforgiving hurricane season shattered records this year, producing the…
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New York implements emergency hospital measures as Covid cases surge, Gov. Cuomo says
A patient is transported outside of Tisch Hospital in New York on November 13, 2020. Kena Betancur | AFP | Getty Images The New York State Department of Health is implementing emergency hospital measures to help hospitals cope with the…
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Time to test the limits of e-commerce
An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their…
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Moderna, IHS Markit, Nikola, Carnival & more
Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its…
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30% of U.S. may get Covid-19 by year-end
Dr. Scott Gottlieb told CNBC on Monday that nearly one-third of U.S. residents could ultimately have been infected by the coronavirus by the end of 2020. The significant level of prior infections is likely to have implications for transmission of the coronavirus…
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SpaceX’s Starship test flight may be as early as Wednesday
BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty…
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Cyber Monday shopping tips to help prevent fraud, identity theft
Holiday shopping doesn’t need to break the bank. More shoppers are expected to choose online shopping this holiday season amid the Covid-19 pandemic. But other dangers lurk online, and most shoppers are not aware that they could be putting their…
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Nikola stock craters after GM gives up equity stake in reworked deal
Shares of Nikola plunged more than 26% in trading Monday morning after General Motors announced that it is giving up an equity stake in the electric truck start-up and the two said they are dropping plans to build the Badger, Nikola’s pickup…
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Under Armour launches a brand with NBA star Steph Curry
The Curry Brand’s performance basketball footwear will launch globally on Dec. 11, in the thick of the holiday season. Source: Under Armour Under Armour announced Monday the launch of the Curry Brand with NBA star Stephen Curry, a long-time Under…
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Moderna, IHS Markit, Slack & more
Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to…
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Small business confidence hits all-time low after Biden election
A survey of small business owners across the U.S. finds confidence dropping to an all-time low after Biden’s election victory with fears that taxes will go up and regulations become more onerous. Boston Globe | Boston Globe | Getty Images…
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Historic airline photos from ‘Golden Age of Travel’
Commercial air travel has come a long way since the “Golden Age of Travel” — an era marked by glamour, gourmet food and dapper passengers. While complaints about smaller seats and expensive tickets are rife today, a look into…
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The Croods A New Age highest opening box office since pandemic began
The prehistoric family the Croods are challenged by a rival family the Bettermans, who claim to be better and more evolved. Universal “The Croods: A New Age” stunned at the box office this weekend, hauling in the biggest opening of…
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Fauci says Christmas and New Year’s restrictions will be necessary
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, wears a protective mask during a news conference in the White House in Washington, D.C., U.S., on Thursday, Nov. 19, 2020. Chris Kleponis | Bloomberg | Getty Images…
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Black Friday traffic in stores craters 52% during pandemic
Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. SOPA Images | LightRocket | Getty Images Traffic at stores on Black…
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The race to be Tesla of electric bikes
The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla…
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Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says
People visit at the Shops at Hudson Yards during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Spending online on Black Friday this year surged nearly 22% to hit a…
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Holiday gift-givers want their money to matter
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon…
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Black Friday online shopping on track to hit record, Adobe says
People look at jewelry at Macy’s Herald Square during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Online sales on Black Friday are on track to reach a record high…
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More data needed on AstraZeneca’s Covid vaccine trials
A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters More data will be needed from AstraZeneca’s coronavirus vaccine trials to determine the drug’s safety and efficacy…
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What four retail analysts are watching
This year’s Black Friday is shaping up to be much different than usual. The Covid-19 pandemic’s impact on the retail sector and particularly brick-and-mortar stores was on full display Friday as deal-hungry shoppers opted to surf the web instead of…
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Pilot shortage prompts rare flight cancellations at Delta over Thanksgiving break
Passengers check bags for a Delta Air Lines, Inc. flight during the Covid-19 pandemic at Los Angeles International Airport (LAX) in Los Angeles, California, November 18, 2020. Patrick Fallon | AFP | Getty Images Delta Air Lines has canceled hundreds…
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Black Friday 2020 traffic looks bleak at stores, malls
Hardly any lines. Empty parking lots. More employees than customers in stores. These are just some of the scenes playing out across the United States the morning of Black Friday 2020, a shopping holiday that in the past has drawn…
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Unexpected state tax could be around the corner for remote workers
Westend61 | Westend61 | Getty Images Remote workers — especially those who have been hopping to different states — could be on the hook for additional taxes when they file their returns next spring. It’s been nine months since the…
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Black Friday may have seen ‘fundamental change’ due to Covid pandemic
The coronavirus pandemic caused retailers to shift their approach to the holiday shopping season, opening the promotional window for Black Friday deals much earlier than years past. And some in the retail industry believe the adaptions may become standard practice…
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Thanksgiving Day online sales hit record $5.1 billion, up 21.5% from last year, Adobe says
A shop window with discount signs posted is seen in New York on Thanksgiving ahead of Black Friday on November 26, 2020. Kena Betancur | AFP | Getty Images Some shoppers may be avoiding stores during the coronavirus pandemic, but…
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Big S&P 500 loser this month Hanesbrands could see a comeback: Traders
One of November’s worst performers could soon see a sustained comeback. That was two traders’ takeaway from a review of some of the month’s biggest S&P 500 laggards, including but not limited to: The above declines are as of Wednesday’s…
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Main St pins hopes on Small Business Saturday sales to stay afloat
A stretch of stores along the base of Munjoy Hill had open signs out and were ready for business as part of small business Saturday, November 28, 2015. Gabe Souza | Portland Press Herald | Getty Images As holiday shopping…
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World’s largest offshore wind farm seals $8 billion financing deal
Offices of the Norwegian energy major Equinor photographed in February 2019. Equinor, alongside SSE, is part of a 50:50 joint venture to develop the Dogger Bank Wind Farm. Bloomberg | Bloomberg | Getty Images A major offshore wind farm, set…
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The athleisure market heats up as shoppers want comfort
The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of…
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Deutsche Bank bullish about a global economic recovery in 2021
Traders work the floor of the New York Stock Exchange. NYSE LONDON — Deutsche Bank upgraded its global growth outlook for 2021 but cautioned that two key risks could still spoil the economic recovery from the coronavirus crisis. In the…
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Siemens, Deutsche Bahn plan trial of hydrogen-powered train
The Deutsche Bahn AG logo photographed on the Bahntower, Potsdamer Platz, Berlin. Christoph Soeder | picture alliance | Getty Images Siemens Mobility and Deutsche Bahn have laid out plans to develop and trial a hydrogen fuel-cell train, in the latest…
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How Europeans are going to spend Christmas this year
Children look at a window display at store on Regent Street in London. Hollie Adams | Getty Images News | Getty Images LONDON — There’s one thing that most people are agreed upon as the festive season approaches and the…
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Disney increases layoffs to 32,000 amid coronavirus pandemic
An employee cleans the grounds behind the closed gates of Disneyland Park on the first day of the closure of Disneyland and Disney California Adventure theme parks, in Anaheim, California, on March 14, 2020. DAVID MCNEW | AFP | Getty…
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Resorts set up social distancing for tourists
From treetop dining to underwater villas, the Maldives is coming up imaginative ways to help travelers stay socially distanced while still enjoying a vacation. The island nation reopened to visitors on July 15, and more than 57,000 tourists have visited…
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Preorders show pandemic-driven outdoor boom ‘not a trend’
Americans’ interest in outdoor activities blossomed this year as consumers sought health-conscious ways to spend the time during the coronavirus pandemic. Boat, RV and camping-related sales, like car sales, have surged, despite the pandemic-induced recession, and it has led to…
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Boston Market small group orders surge as CDC urges limits
Boston Market has seen food orders for small groups grow exponentially, offsetting losses to the fast-casual restaurant’s catering business and signaling that families are taking the government’s advice to limit gathering sizes for Thanksgiving dinner, President Randy Miller told CNBC Wednesday….
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Pentagon sees uptick in coronavirus cases in military
A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US Army WASHINGTON —The Defense Department has reported a Covid-19 outbreak aboard…
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Retailers tout jewelry as way to add sparkle to challenging year
Tiffany & Co. gift boxes seen in a store window. Alex Tai | SOPA Images | LightRocket | Getty Images Many Americans are spending their days working from home in leggings and casualwear during the coronavirus pandemic. They have few,…
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This will be the worst Thanksgiving box office in decades
Clark Duke, Kailey Crawford and Cloris Leachman voice Thunk, Sandy and Gran in “The Croods: A New Age” Universal The week of Thanksgiving is typically a robust time at the box office, but this year the coronavirus pandemic has crippled…
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What Thanksgiving looks like in a pandemic: Cornish hens and takeout
This year, instead of the traditional turkey, Nicole Beckler’s Thanksgiving table will feature two Cornish hens: the perfect sized birds for a dinner for two. Beckler, a travel agent based in Florida, downsized her dinner after deciding against flying to…
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Nissan is trying to bounce back from turmoil and losses
Japanese automaker Nissan has a history of saving itself from the brink of disaster. Right now it is trying to repeat the trick. Like all other automakers, the company is losing money from the coronavirus pandemic. But it’s also trying…
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CDC expected to shorten recommended time
The U.S. Centers for Disease Control and Prevention is considering shortening it’s recommended two-week quarantine period for people who have come in contact with people who have it — a change welcomed by some medical experts who say the relaxed…
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Gap, Square, Nikola, Nordstrom & more
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the…
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JPMorgan ‘skeptical’ about GM producing Nikola badger pickup
Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two…
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Neiman Marcus has Santa delivering curbside
Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus…
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Delta pilots approve cost-cutting measures to avoid furloughs until 2022
A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines pilots voted in favor of pay cuts that would avoid…
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SpaceX plans for Starship test flight next week, which Elon Musk gives 1-in-3 odds of landing intact
SpaceX prototype rocket Starship SN8 stands on the company’s launchpad in Boca Chica, Texas before an engine test. @LabPadre SpaceX is aiming to launch its latest Starship rocket prototype as early as “next week,” CEO Elon Musk said on Tuesday,…
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Why it’s gotten harder for younger generations
For a myriad of reasons, millennials, America’s largest generation, are becoming homeowners later in life and at lower rates than the generations of Americans that preceded them. The rapid expansion of the middle-class after World War II made owning a…
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L Brands names a new chief to lead Victoria’s Secret
A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images L Brands announced Wednesday a new head of its Victoria’s Secret lingerie business,…
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ViacomCBS sells Simon & Schuster to Penguin Random House for $2 billion
Simon & Schuster display at the London Book Fair at Kensington Olympia on the 12th March 2019 in London. Sam Mellish | In Pictures | Getty Images ViacomCBS announced Wednesday that it would sell publishing company Simon & Schuster to…
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NBA may get creative with scheduling if next season boosts viewership
LeBron James of the Los Angeles Lakers dunks the ball against the LA Clippers during the second quarter of the game at The Arena at ESPN Wide World Of Sports Complex on July 30, 2020 in Lake Buena Vista, Florida….
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Anti-spending movement gains momentum ahead of Black Friday
‘Tis the season to shore up your savings. In the days leading up to Black Friday, financial experts caution against overspending, particularly amid an economic crisis due to the coronavirus pandemic — and consumers are listening. One campaign, called “In…
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Why Pizza Hut is struggling to against Domino’s and Papa John’s
With consumers stuck at home ordering pizza, you might think Pizza Hut’s sales would be soaring. Since the start of the coronavirus pandemic, pizza makers that have their delivery game in place and digital assets in order have seen big…
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How the writers of ‘Industry’ turned failure in finance into a TV show
The creators of BBC-HBO TV show “Industry,” Mickey Down and Konrad Kay. Courtesy of Mickey Down After finding they were pretty terrible as bankers, Konrad Kay and Mickey Down channeled their failures into writing hit TV show “Industry,” which sees…
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Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with…
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‘The Croods: A New Age’ reviews: What critics are saying
Clark Duke, Kailey Crawford and Cloris Leachman voice Thunk, Sandy and Gran in “The Croods: A New Age” Universal Remember “The Croods?” It wouldn’t be surprising if your answer was “no.” The Dreamworks Animation film seemed to blip on the…
Read MoreHP boosts dividend, CEO calls it ‘sign of the confidence’ in future
HP CEO Enrique Lores on CNBC on Tuesday forecast a bright future for his company after it decided to increase the amount of earnings it shares with stockholders. The PC maker boosted its quarterly cash dividend by double digits to…
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Gap, Nordstrom, Dell Technologies & more
Check out the companies making headlines after hours on Tuesday: HP Inc. — Shares of the computer hardware builder jumped more than 7% in after-hours trading on the back of stronger-than-expected quarterly results. HP Inc. posted earnings of 62 cents…
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Beating Covid-19 will be ‘like the end of Prohibition’
When the U.S. can fully open up and get to the other side of the coronavirus crisis, Wall Street will celebrate like its 1933, according to CNBC’s Jim Cramer. In his first reaction to a banner day for the Dow…
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Nordstrom shares rise as retailer’s earnings top estimates
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom shares got a lift Tuesday after the department store reported that its…
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Gap (GPS) reports Q3 2020 earnings, names new Banana Republic chief
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares fell Tuesday after the company reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old…
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Tesla, Dollar Tree, Carnival, Best Buy and more
A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to…
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Investors try to gauge if retail’s stay-at-home trends will stick
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty…
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Pentagon Covid briefing as military struggles to contain outbreaks
WASHINGTON — Department of Defense officials are slated to address the spike in coronavirus cases within the U.S. military at a press briefing on Tuesday. In the past week, U.S. Defense officials recorded more than 1,300 new confirmed cases of Covid-19 among members of…
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U.S. to test run Covid vaccine distribution networks as it awaits FDA clearance in ‘just a few weeks’
Alex Azar speaks at Operation Warp Speed press conference, November 24, 2020. Source: CNBC The U.S. federal government is conducting a practice run this week of its coronavirus vaccine distribution networks with some test shipments as the drugs await emergency…
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Here are the best deals (and what not to buy)
Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving. Instead of one-day doorbuster deals, retailers like Walmart and Home Depot have been rolling out discounts in the days, or even weeks,…
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Abercrombie & Fitch shares fall as store closures threaten holiday sales
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19…
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Customers will see only benefits
David McInerney, CEO, FreshDirect Source: CNBC FreshDirect customers have nothing to fear after the company was bought by the Dutch owner of Stop & Shop and Food Lion, the grocery delivery service’s CEO said Tuesday. Ahold Delhaize and Centerbridge Partners,…
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Hyperice lands NFL deal as it moves closer to a $1 billion valuation
Patrick Mahomes #15 of the Kansas City Chiefs makes a pass during the game against the Baltimore Ravens at M&T Bank Stadium on September 28, 2020 in Baltimore, Maryland. Todd Olszewski | Getty Images Sports tech company Hyperice said Tuesday…
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Trump administration officials speak on Covid vaccine distribution
[The stream is slated to start at 11:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The departments of Health and Human Services and Defense are holding a joint briefing Tuesday…
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Cramer calls this stock market ‘the most speculative’ he’s ever seen
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the…
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Best Buy (BBY) Q3 2021 earnings beat on strong online sales
Best Buy’s third-quarter earnings soared past Wall Street’s expectations but shares dropped more than 5% in premarket trading Tuesday, as the retailer warned of tailwinds from higher shipping costs, inventory challenges and lower-margin holiday sales. The retailer declined to provide…
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Dick’s Sporting Goods (DKS) names new CEO, announces Q3 2020 earnings
Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news…
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It’s ‘tough’ to talk about the future of the sport
Daniil Medvedev of Russia lifts the trophy after winning his singles final match against Dominic Thiem of Austria during day eight of the Nitto ATP World Tour Finals at The O2 Arena on November 22, 2020 in London, England. Clive…
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White House transition could complicate vaccine distribution
A syringe is seen by the logo of Pfizer’s headquarter in Manhattan, New York City, United States on November 19, 2020. Tayfun Coskun | Anadolu Agency | Getty Images CNBC’s Jim Cramer on Monday gave a forecast of how he…
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‘Close to 1,000’ Cleveland Clinic caregivers infected with Covid-19
The Cleveland Clinic’s Chief Caregiver Officer Kelly Hancock urged her community to follow social distancing and mask guidelines as Covid-19 grips hundreds of those working inside of one of America’s best hospitals. “We had a record today, we saw nearly…
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Cramer unveils list of ‘return to normalcy’ stocks on vaccine optimism
After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of…
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Cramer reveals retail stocks to play the ‘Thanksgiving trade’
With Thanksgiving nigh, CNBC’s Jim Cramer on Monday revealed a seasonal pattern that investors can consider playing leading into the Christmas holiday. The closing months of each year are defined by the holiday shopping rush, and Cramer expects the close…
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Grocery workers face new challenges as Covid worsens, fatigue sets in
An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images For some grocery workers who stock shelves and check out customers, the past few weeks have felt like deja vu….
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Sportsdigita’s software, used by major sports teams, sees growth during pandemic
Angelina Lawton Source: John Wagner Sportsdigita, an all-in-one cloud-based presentation software company owned by former National Hockey League executive Angelina Lawton, sees opportunity amid the pandemic as sports teams conduct business online instead of in person. The company, which counts…
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GM withdraws support for Trump’s emissions lawsuit against California
President Donald Trump delivers remarks at American Center for Mobility in Ypsilanti, Michigan with General Motors CEO Mary Barra and other auto industry executives on March 15, 2017. Nicolas Kamm | AFP | Getty Images General Motors is withdrawing from…
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A New Age’ will be a ‘non-event’ at the box office, analysts say
The prehistoric family the Croods are challenged by a rival family the Bettermans, who claim to be better and more evolved. Universal “The Croods: A New Age,” arriving in movie theaters on Thanksgiving, is a rare bright spot for operators…
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New York Gov. Cuomo reopens Covid field hospital in Staten Island as hospitalizations accelerate
New York Governor Andrew Cuomo wears a protective face mask as he arrives to speak during a daily briefing following the outbreak of the coronavirus disease (COVID-19) in Manhattan in New York City, New York, U.S., July 13, 2020. Mike…
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NRF sees holiday sales up 3.6% to 5.2%, in a ‘strong finish’ to 2020
Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish…
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Car buyers seeking Black Friday deals on a truck likely out of luck
A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images The coronavirus pandemic is ending yet another annual holiday tradition for shoppers in 2020: Black Friday deals…
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Rise in Covid spread puts hospital workers at risk: Allina Health CEO
The sharp uptick in coronavirus cases across the Midwest is increasing health-care workers’ risk of getting infected, jeopardizing staffing levels needed to care for other Covid-19 patients, according to the CEO of a Minnesota hospital system. Dr. Penny Wheeler, who…
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AstraZeneca, Snap, Tesla, Roku & more
Check out the companies making headlines midday Monday: AstraZeneca — Shares of British pharmaceutical giant AstraZeneca fell more than 3% after the company said clinical trials showed its coronavirus vaccine has an average efficacy of 70% in preventing the virus….
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Nio, Xpeng, other EV rivals line up to challenge Tesla on home turf
Citron founder Andrew Left, known for some big short calls, recommended Nio shares, now worth $45 each, at $7 two years ago. Now he is short the name and says of the recent gains in multiple EV makers, “The fact…
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New York Gov. Andrew Cuomo holds a press briefing on Covid
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo is scheduled to hold a press briefing on the coronavirus…
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Former subprime player shorting mortgage market
During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those…
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Relativity Space closes $500 million for scaling 3D-printed rocket production
Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so. “We’re excited to announce a $500…
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So long, doorbusters! Retailers roll out weeks of deals
People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way…
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5 things to know before the stock market opens November 23, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after positive news on Covid vaccine, treatments 2. AstraZeneca Covid vaccine shows up to 90% efficacy A test tube labelled…
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Travel stocks are vulnerable Thanksgiving week, with CDC warning
The travel trade is in trouble. Airline, hotel and cruise line stocks slid on Friday ahead of Thanksgiving week after the CDC issued a warning on traveling for the holiday amid climbing Covid case counts. Expedia data released before the…
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UK expected to announce it will lift lockdown soon — with conditions attached
A man shops at a store on the High Street in East Ham on November 14, 2020 in London, England. Hollie Adams | Getty Images News | Getty Images LONDON — U.K. Prime Minister Boris Johnson is expected to announce…
Read More Retail earnings reports to watch
Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick’s Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year…
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Euro zone economic activity November coronavirus
The Champs-Elysees Avenue and the Arc de Triomphe are seen after the Christmas illuminations were switched on in Paris, France, Nov. 22, 2020. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON — Economic activity in the euro…
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Coronavirus vaccine creates market winners and losers
Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others….
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Black Friday is almost here. And shoppers are anxious.
A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety…
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From Target to Kohl’s, a bet on beauty as department stores reel
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow…
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Trump coronavirus vaccine chief has had ‘no contact’ with Biden transition team
Operation Warp Speed chief advisor Dr. Moncef Slaoui has had “no contact” with the Biden administration regarding the transition process and the vaccine distribution process. Since President-elect Joe Biden won the election, President Donald Trump has refused to concede and his campaign has…
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Biden will announce first Cabinet picks on Tuesday: chief of staff
U.S. President-elect Joe Biden removes his face mask as he meets with Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) at his transition headquarters in the Queen theater in Wilmington, Delaware, U.S., November 20,…
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Trump does not participate in G-20 event on global pandemic preparedness
President Donald Trump waves as he plays golf at Trump National Golf Club in Sterling, Va., Saturday, Nov. 21, 2020. Manuel Balce Ceneta | AP Photo President Donald Trump on Saturday did not participate in a virtual G-20 session on…
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Coronavirus pandemic and EVs prove GM’s worth to investors
As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would…
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Fender sales boom as guitar playing surges during the pandemic
Fender Musical Instruments’ CEO Andy Mooney says a boom in guitar sales is happening during the coronavirus pandemic. Henry Diltz Business was looking pretty grim for Fender Musical Instruments Corp., the legendary guitar maker, when the coronavirus pandemic reached U.S….
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The economics of drilling in the Arctic
The Arctic is not a barren, frozen wasteland. It’s home to some of the most unique ecosystems in the world. More than this: it’s home to people. Those people are at the center of the controversy over drilling for oil…
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Former Chewy CEO Ryan Cohen urges GameStop to become the Amazon of video games
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in…
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Singapore-Hong Kong travel bubble continues as Hong Kong Covid cases rise
Singapore Airlines crew members at Changi International Airport in Singapore on Oct. 24, 2020. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore and Hong Kong will go ahead with their air travel arrangements on Sunday as planned, but…
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U.S. could ‘see another 100,000 deaths by Inauguration Day,’ doctor says
The Dean of Brown University’s School of Public Health Dr. Ashish Jha warned that the United States could “see another 100,000 deaths by Inauguration Day” as the coronavirus death rate climbs and public health professionals raise the alarm. “Once we…
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Zebra Technologies plays key role in vaccine distribution, CEO says
Zebra Technologies has played a role in coronavirus testing to fight off the pandemic, and now the barcode company has a new role to play in preventing the deadly virus from spreading further, CEO Anders Gustaffson told CNBC’s Jim Cramer…
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Marvel’s ‘Black Panther’ sequel will start shooting in July, report says
The sequel to the box office smash “Black Panther” could begin shooting in Atlanta, Georgia in July 2021, according to a report from The Hollywood Reporter late Friday. The film has been sidelined due to the sudden and unexpected death…
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Start of a ‘seasonally strong period’ for stocks
While Wall Street is preparing for a shortened week with Thanksgiving on the calendar, CNBC’s Jim Cramer is keeping his eye on key corporate earnings reports set to release before the holiday. The stock market will be closed on Thursday…
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What’s fueling the record surge of gun sales in America
The 2020 election. Unrest in the streets. A crippling pandemic. This trifecta of events made people worry about the future of America. And when people are worried in America, they buy guns. Gun sales in 2020 have surged, and the…
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Home Depot and Lowe’s earnings boosted by pandemic-induced ‘nesting’
When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that…
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NBA’s Toronto Raptors to start the season in Tampa Bay due to Covid-19
Serge Ibaka #9 of the Toronto Raptors grabs the rebound during the game against the Boston Celtics during Game Seven of the Eastern Conference SemiFinals of the NBA Playoffs on September 11, 2020 at AdventHealth Arena in Orlando, Florida. Andrew…
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Biden to rejoin Paris Climate Accord. Here’s what happens next
WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post |…
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Zoom, Nikola, FireEye, Intuit & more
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up…
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Biden Covid Advisory Board Member Dr. Michael Osterholm
[The stream is slated to start at 12:10 p.m. ET. Please refresh the page if you do not see a player below at that time.] President-elect Joe Biden’s Covid-19 advisory board member Michael Osterholm joins Meg Tirrell for a special…
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Rocket Lab recovers Electron booster in major step toward reusing rockets
An Electron rocket gets ready to launch. Rocket Lab Rocket Lab, the leading company building and launching small rockets, on Thursday took what CEO Peter Beck described as a “huge milestone” in its work to reuse rockets. The company recovered…
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5 things to know before the stock market opens November 20, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech said they’ll apply with the FDA on Friday for emergency use authorization…
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Universal inks deal with Cineplex to shorten theatrical window
The doorway to the head office of Canadian movie theater company Cineplex Entertainment. george socka | iStock Editorial | Getty Images Universal has struck yet another deal with a major theater chain to shorten the theatrical window from three months…
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Hong Kong looks to mainland China for next air travel bubble
SINGAPORE — Hong Kong is hopeful its next “air travel bubble” could be with mainland China, the executive director of the city’s tourism board has said. Dane Cheng told CNBC such plans would hinge on the success of the forthcoming…
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Forests support jobs and encourage biodiversity, but face threats
Forests are beautiful, home to a diverse range of wildlife, and play an important role when it comes to looking after the world we live in. Much like their appearance, the benefits of forests are multi-layered. According to a recent…
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Best new hotels in Bangkok, Bali, Bhutan and Japan
Many hotels named among the “best new hotels of 2020” this year have yet to welcome a single guest. The global pandemic pushed plans to open highly anticipated new hotels near the wineries of California’s Napa Valley to the banks…
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GE health unit buys Swedish start-up Prismatic Sensors, bolstering key medical imaging business
Larry Culp, CEO, General Electric Scott Mlyn | CNBC GE Healthcare announced Friday it is acquiring Swedish start-up Prismatic Sensors AB, bolstering its key medical imaging business. Prismatic Sensors AB was founded in 2012 as a spin-off from KTH Royal…
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Robinhood investors helped stabilize the market in March rout: co-CEO
In recent months, young retail investors have caught a lot of flak from Wall Street professionals and the investment community. Calling into question their stock acumen, money managers have blamed amateurs, who are taking advantage of commission-free trades with the…
Read More Ten ‘up stocks’ to bet on a year-end rally
CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go…
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HHS chief says Pfizer is expected to file FDA application for coronavirus vaccine Friday
Vice President Mike Pence listens to US Secretary of Health and Human Services Alex Azar speak during a White House Coronavirus Task Force press briefing in the James S. Brady Briefing Room of the White House on November 19, 2020….
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Trump International Hotel Washington DC sale put on indefinite hold
The Trump International Hotel in Washington, D.C. Adam Jeffery | CNBC The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest…
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What to watch amid uptick in coronavirus cases
Covid-19 crackdowns are cutting into U.S. equity returns. Recent upticks in U.S. coronavirus case counts weighed on the major averages Thursday, with the Dow, S&P 500 and Nasdaq Composite eking out modest gains in afternoon trading after sustaining losses earlier…
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General Motors has no interest in spinning off EV business
General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff…
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White House coronavirus task force to address public for first time in months
[The stream is slated to start at 4 p.m. ET. Please refresh the page if you do not see a player above at that time.] The White House coronavirus task force is slated to address the public on Thursday for…
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Consumer reports pans Tesla Models S and Y
Brand new Tesla Model S cars sit on front of a Tesla showroom on August 2, 2017 in Corte Madera, California. Tesla will report second-quarter earnings today after the closing bell. Justin Sullivan | Getty Images Consumer Reports is no…
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GM to accelerate EV plans, plans to spend up to $27 billion
2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging…
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Walmart and McDonald’s among top employers of Medicaid and food stamp beneficiaries
Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart and McDonald’s are among the top employers of beneficiaries of federal aid programs like Medicaid and food stamps, according…
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Dr. Fauci says vaccinating people who disregard Covid as ‘fake news’ could be ‘a real problem’
Dr. Anthony Fauci Testifies Before Senate On Federal Response To Pandemic Alex Edelman | Getty Images White House coronavirus advisor Dr. Anthony Fauci said on Thursday that convincing people who consider the coronavirus to be “fake news” to get vaccinated…
Read MoreLiberty Media CEO sees no on-off switch—it will linger
Liberty Media CEO Greg Maffei told CNBC on Thursday that the economic recovery from the coronavirus crisis will be uneven across sectors, potentially creating investment opportunities for the sprawling media, sports and entertainment company. “The pandemic, in our view, will linger….
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Biden Covid advisor says more people ‘will get infected and die’ the longer Trump delays transition
More people will be infected with Covid-19 and could die the longer the Trump administration delays the transition process and avoids coordinating the vaccine’s distribution, a coronavirus advisor to President-elect Joe Biden said on Thursday. Trump has refused to concede…
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Covid testing faces delays — again — as demand spikes ahead of the holidays
An aerial picture shot with a drone shows residents lined up in their cars at a COVID-19 test center on the grounds of Miller Park on November 17, 2020 in Milwaukee, Wisconsin. Scott Olson | Getty Images Vicky Amores, a…
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Macy’s faces more temporary store closures as Covid cases climb and threaten crucial holiday shopping season, CEO says
People sit as Macys shopping bags are placed on a table at Herald Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 20, 2020 in New York City. The…
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NFL, Visa to host cashless Super Bowl LV in Tampa Bay
Visa debit credit card. Simon Dawson | Bloomberg | Getty Images For the first time in 55 years, cash will not be accepted at the Super Bowl. The National Football League will make its championship game all-digital with the backing…
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Macy’s (M) reports Q3 2020 loss, sales decline
People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home,…
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Can Americans travel to Europe? Preflight tests may make it possible
Two new Covid-19 testing programs may be the key to unlocking travel between the United States and Europe. Select passengers flying on American Airlines, British Airways and United Airlines flights are eligible to participate in testing programs that are evaluating…
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Singapore’s trade minister on Covid-19, work-from-home, supply chains
SINGAPORE — The Covid-19 pandemic has changed the way companies deploy their employees and how they organize their supply chains — and that could create opportunities for Southeast Asia, says Singapore’s trade and industry minister. As the pandemic hit, workers…
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WuXi Biologics CEO predicts approval for Covid-19 antibody treatment
Chris Chen, chief executive officer at China’s WuXi Biologics, expects approval for a Covid-19 antibody treatment either “late this year or early next year, ” he told CNBC. WuXi Biologics, which sells outsourced laboratory and manufacturing services to biotech companies,…
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Biohaven eyes mid-2021 for migraine prevention drug launch
Biohaven Pharmaceutical CEO Vlad Coric appeared on CNBC Wednesday to discuss the company’s efforts to market an oral solution designed to preempt migraine attacks. After launching Nurtec ODT, an oral treatment for acute migraine attacks, earlier this year, the biotech…
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Airbnb IPO comes as some see a post-Covid return to hotels
Airbnb is hoping to capitalize on the growing popularity of home rentals during the coronavirus pandemic with its $3 billion initial public offering, but the sun may be setting soon. A key question is whether travelers will continue to book…
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More than 400 Southwest mechanics get furlough notices as talks falter
A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images More than 400 Southwest Airlines mechanics…
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‘Wonder Woman 1984’ will debut in theaters and on HBO Max on Christmas, reports say
Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. Warner Bros. is taking a page out of Universal’s theatrical playbook. On Wednesday, multiple media outlets reported that “Wonder Woman 1984” would arrive on its streaming service HBO Max on…
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Stock moves mark end of ‘tyranny of the index funds’
After a down day for stocks in Wednesday’s session, CNBC’s Jim Cramer said the market is giving investors a chance to buy individual stocks now that Wall Street has broken away from the “tyranny of the index funds.” “There’s been…
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Starbucks raises barista wages as restaurants brace for minimum wage hike
A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher…
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Chime CEO says pandemic made traditional banking ‘relic of the past’
Chime, the start-up that delivers banking services via mobile phones, has emerged as a major winner during the pandemic and its CEO believes the change is here to stay. “Covid and the pandemic has just accelerated the trend that was…
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U.S. Covid outbreak is an ‘absolutely dangerous situation,’ top health official says
Admiral Brett Giroir, MD, Assistant Secretary For Health, United States Department of Health and Human Services speaks on Covid-19 testing in the Rose Garden of the White House in Washington, DC on September 28, 2020. Mandel Ngan | AFP |…
Read More Cuomo offers free online skills training for unemployed New Yorkers
New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt | Getty Images Governor Andrew M. Cuomo announced on Wednesday the launch of a new online training platform which…
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Trump administration sees surge in sign ups for CVS, Walgreens program
A customer wearing a face mask exits a Walgreens pharmacy in South Beach on April 14, 2020 in Miami Beach, Florida. Cliff Hawkins | Getty Images The Trump administration said Wednesday that it is seeing “tremendous uptake” of a program…
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GM’s last decade has produced paltry returns, but EVs hold hope for Tesla growth
Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and…
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SpaceX asks to test Starlink satellite internet with a Gulfstream jet
A Gulfstream G650 in flight Gulfstream SpaceX would like to further expand testing of its Starlink satellite internet by connecting the network to aircraft, the company revealed in a recent request to the Federal Communications Commission. Elon Musk’s space company on Nov….
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Giant supermarket apologizes for ‘super spread’ ad for Thanksgiving
“Hosting? Plan a super spread,” reads a full-page advertisement printed in Giant Food’s Savory magazine. Source: Giant Supermarket A grocery store chain in the mid-Atlantic region is apologizing for an unfortunate blunder with a Thanksgiving advertisement printed in the latest…
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GM to offer auto insurance using data from connected vehicles
After enrolling in OnStar Smart Driver, customers with eligible vehicles receive ongoing driving behavior feedback, such as hard braking, hard acceleration, late night driving and distance driven. GM General Motors is relaunching an auto insurance division as a way to…
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Lowe’s (LOW) reports Q3 2020 earnings miss
A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by…
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FAA chief says conditions in 737 Max crashes are now ‘impossible’ after design, training changes
The head of the Federal Aviation Administration on Wednesday said he is “100% confident” in the Boeing 737 Max following a nearly two-year grounding of the planes after two fatal crashes. “It’s the most scrutinized transport airplane in history and…
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Retailer benefits from being ‘one-stop solution’
Target CEO Brian Cornell said customers may come to its store with a short shopping list or a particular item in mind, but they’re filling up their baskets and leaving with many purchases. “We’re seeing a guest who’s shopping all…
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UK electric vehicle maker Arrival is going public via SPAC
LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses…
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Boeing 737 Max cleared to fly again after 20-month grounding spurred by deadly crashes
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters The Federal Aviation Administration on Wednesday cleared the Boeing’s 737 Max to fly again commercially,…
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Target (TGT) Q3 2020 earnings
Target reported Wednesday fiscal third-quarter earnings that easily outpaced analysts’ estimates as the discount retailer won market share by turning shoppers’ pandemic habits into lasting gains. The company said it grabbed market share across all of its core categories, from…
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China to become the world’s biggest luxury market by 2025, Bain says
A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China…
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Digitization in travel and e-commerce
Founder & President of PKFare Jason Song, Co-founder and Chief Business Officer of PingPong Payments Ning Wang speak during Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 18, 2020 in Nansha, Guangzhou, China….
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Hong Kong-Singapore travel bubble sparks plans for more across Asia
SINGAPORE — The world will be watching closely to see if the quarantine-free travel bubble between Singapore and Hong Kong will succeed, according to one of the region’s major travel operators Klook. “All eyes are on this bubble, making sure…
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‘Masks & wash your hands isn’t enough,’ says Biden’s Covid board member
In a Tuesday evening interview on “The News with Shepard Smith,” President-elect Joe Biden’s coronavirus advisory board member Michael Osterholm emphasized that Americans would receive government support in the case of a shutdown. “If we’re going to ask anyone in…
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‘The vaccine is a headwind’
CNBC’s Jim Cramer on Tuesday tried to make sense of the declines in Home Depot and Walmart shares after the retail juggernauts posted third-quarter results that topped Wall Street estimates. Wall Street received a “pair of stellar quarters from Home…
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Lordstown Motors races to revive shuttered Ohio GM plant
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating…
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Semiconductor equipment stocks may have a lot more upside
CNBC’s Jim Cramer on Tuesday presented three potential buying opportunities connected to the chipmaking industry. After reviewing chart analysis from a trusted technician, the “Mad Money” host is recommending investors keep an eye on two semiconductor equipment makers in particular….
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Fighting Tesla is like fighting the Fed, trader says after S&P add
Tesla shares are taking off. The electric-auto maker’s stock closed more than 8% higher at $441.61 a share on Tuesday following S&P Dow Jones Indices’ announcement that the cult stock would be added to the S&P 500 index. At a $411.5…
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NFL Pro Bowl 2021 will be virtual, players to compete in Madden
EA Sports M21 Madden 21 video game Source: EA Sports It was supposed to be a star-studded event in Las Vegas. Instead, the 2021 Pro Bowl will take place virtually, with players going head-to-head in Electronic Arts’ Madden NFL ’21…
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Tesla is joining the S&P 500. What Cramer and five others see ahead
Tesla is officially on track to join the S&P 500. Shares of the electric-auto maker jumped more than 9% in Tuesday trading after S&P Dow Jones Indices announced the company would be added to the major market index, a long-awaited…
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Tesla, Walgreens, DraftKings, Square and more
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Tesla — Tesla shares…
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American Airlines and British Airways are latest to offer preflight Covid tests to passengers
Travelers wear face masks as a preventive measure at Schiphol airport. Robin Utrecht | LightRocket | Getty Images American Airlines, British Airways and Oneworld, their alliance partner, later this month will offer Covid-19 testing for some passengers, the latest effort…
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Ex-GM board member, union leader sentenced to 30 months in prison
Former UAW Vice President Joe Ashton speaks during a GM announcement at a plant in Spring Hill, Tenn. in 2011. GM Former General Motors board member Joe Ashton, a retired United Auto Workers leader, was sentenced Tuesday to 30 months…
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Boeing’s 737 Max is set to return to the skies as industry reels from pandemic
A Boeing 737 MAX jet lands following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. Jason Redmond | AFP | Getty Images The Boeing 737 Max is nearing clearance to fly…
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Newsmax CEO Christopher Ruddy knocks down Trump TV speculation
Newsmax founder and CEO Christopher Ruddy on Tuesday sought to quell speculation that the conservative television news channel and website would become a Trump-branded network after President Donald Trump departs the White House, telling CNBC that too much was being…
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Retailers try to make returning online purchases easier
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images First comes the holiday season, then the flood of returns. With e-commerce sales exploding during the coronavirus pandemic, retailers may see…
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$160 million mansion will be the most expensive ever auctioned
Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze,…
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NBA’s Milwaukee Bucks racing to satisfy star Giannis Antetokounmpo
Giannis Antetokounmpo #34 of the Milwaukee Bucks drives to the basket against Bam Adebayo #13 of the Miami Heat during the second half at American Airlines Arena on March 02, 2020 in Miami, Florida. Michael Reaves | Getty Images The…
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Walmart sees localized grocery stockpiling as Covid cases rise
Walmart CEO Doug McMillion said Tuesday that customers are loading up on items like toilet paper again as coronavirus cases rise — but he said the retail giant is better prepared to keep up. “It feels to me like we’ll…
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Los Angeles Clippers star Kawhi Leonard joins X2 Performance
Kawhi Leonard #2 of the LA Clippers dribbles the ball during the third quarter against the Denver Nuggets in Game Seven of the Western Conference Second Round during the 2020 NBA Playoffs at AdventHealth Arena at the ESPN Wide World…
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Kohl’s (KSS) reports Q3 2020 earnings beat
A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s on Tuesday reported a 13.3% decline in quarterly net sales, as the coronavirus pandemic…
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Taylor Swift’s masters sold by Scooter Braun to private equity firm
Taylor Swift performs onstage during the 2019 American Music Awards at Microsoft Theater on November 24, 2019 in Los Angeles, California. Emma McIntyre/AMA2019 Taylor Swift has confirmed that the rights to her first six albums have been sold by Scooter…
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Walmart (WMT) Q3 2021 earnings
Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images Walmart reported third-quarter earnings on Tuesday that topped Wall Street’s expectations as customers continued to shop online and sent U.S. e-commerce sales…
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Home Depot (HD) Q3 2020 earnings
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter…
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EasyJet q4 2020 earnings
Sean Gallup | Getty Images LONDON — Revenue at EasyJet fell more than 50% in the year to the end of September, the company said on Tuesday, after the coronavirus pandemic brought the travel industry to a halt. The British…
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