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  • [ September 28, 2023 ] EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says World News
  • [ September 28, 2023 ] Oil prices surge to highest level in more than a year World News
  • [ September 27, 2023 ] SpaceX wins first Pentagon contract for Starshield, its satellite network for military use Business
  • [ September 27, 2023 ] Peloton shares soar on digital content, apparel partnership with Lululemon Business
  • [ September 27, 2023 ] Costco is selling gold bars and they are selling out within a few hours Retail
Home2020April

Month: April 2020

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Business

United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic

April 30, 2020 admin 0

Hits: 18United Airlines had reported a first-quarter pretax loss earlier this month. Source

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Investing

Wells Fargo will no longer accept applications for home equity lines of credit

April 30, 2020 admin 0

Hits: 13Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers. Source

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Small Business

Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans

April 30, 2020 admin 0

Hits: 25“I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants,” ex-TARP watchdog Neil Barofsky told CNBC. Source

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Investing

Elon Musk interrupts NASA-SpaceX call during question about his coronavirus views: ‘Move on’

April 30, 2020 admin 0

Hits: 17SpaceX CEO Elon Musk unexpectedly spoke up during a NASA conference call on Thursday Source

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Retail

Macy’s will survive. It has a role to play in American retail, CEO Jeff Gennette says

April 30, 2020 admin 0

Hits: 19In a candid phone conversation with CNBC, Macy’s CEO Jeff Gennette talks about working from home, the possibly of an industry bailout, shared sacrifice and the department store’s chances of survival. Source

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Earnings

Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

April 30, 2020 admin 0

Hits: 19Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China. Source

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Earnings

Apple now has $192.8 billion in cash on hand, down from last quarter

April 30, 2020 admin 0

Hits: 22Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic. Source

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Earnings

AWS tops $10 billion in quarterly revenue for the first time

April 30, 2020 admin 0

Hits: 25Some Amazon cloud customers, like Slack and Zoom, saw record usage in the first quarter as governments directed people to stay home, with coronavirus cases proliferating. Source

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Retail

Curbside pickup for retailers is here to stay. This shopping center owner is making it permanent.

April 30, 2020 admin 0

Hits: 20Shopping center owner Kimco Realty is rolling out designated curbside pickup spaces, first in parking lots at 23 properties in Texas. Source

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Investing

Stocks just posted their best month in decades, yet most of Wall Street hates this rally

April 30, 2020 admin 0

Hits: 18“History tells us that the odds of another deep decline are very, very high,” one strategist said. Source

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  • EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says
  • Oil prices surge to highest level in more than a year
  • SpaceX wins first Pentagon contract for Starshield, its satellite network for military use
  • Peloton shares soar on digital content, apparel partnership with Lululemon
  • Costco is selling gold bars and they are selling out within a few hours

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    ‘Rental recession’: London office vacancies hit 30-year high

    Hits: 14 Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according to financial services [...]
  • Real Estate

    Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years

    Hits: 5 Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.  Joe Raedle | [...]
  • Real Estate

    Sales of newly built homes reverse course, drop nearly 9% in August

    Hits: 6 Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. [...]
  • Real Estate

    Fixing China’s property sector could take years — if not a decade, says economist

    Hits: 5 China’s urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. “Fixing the property sector may be a [...]
  • Real Estate

    China property stocks tumble as Evergrande drops 25% on debt restructuring roadblock

    Hits: 3 The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images Hong Kong-listed shares of embattled [...]
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    September 28, 2023 0
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    September 28, 2023 0
  • SpaceX wins first Pentagon contract for Starshield, its satellite network for military use
    September 27, 2023 0
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