Month: July 2020

In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
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Dado Ruvic | Reuters With chronic asthma, food allergies and a heart condition, Thomas Silvera does everything he can to safeguard his health, including getting vaccines. So if and when a Covid-19 vaccine becomes available, he said he’s leaning toward getting that, too. But before vaccines reach the market, they go through wide-scale testing for
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During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
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Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share already owned at the end of August as
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CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors.  “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.”  Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
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Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon will report its fiscal second-quarter earnings after market close on Thursday. Here are Wall Street’s expectations for Amazon:  Earnings: $1.46 per share expected, according to analysts surveyed by Refinitiv Revenue: $81.56 billion expected, according to analysts surveyed by Refinitiv The company’s earnings will be impacted
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Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn testifies before the House Committee on Energy and Commerce on the Trump Administration’s Response to the COVID-19 Pandemic, on Capitol Hill in Washington, DC, June 23, 2020. Kevin Dietsch | Pool via Reuters The Food and Drug Administration would authorize a coronavirus vaccine so
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Residents of Imperial County in California wait in a bookkeeping shop in Calexico after filling out unemployment forms on July 24. Photo by Mario Tama/Getty Images Senate Republicans unveiled their plan to replace an extra $600-a-week boost in unemployment benefits on Monday. That subsidy — which the federal government has been paying on top of typical
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The World Health Organization on Wednesday advised public officials against trying to achieve so-called herd immunity to the coronavirus by allowing it to rapidly spread throughout their communities, saying it will overwhelm hospitals and kill a lot of people. Herd immunity is necessary to really contain a virus, according to epidemiologists. That is generally achieved
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As Jeff Bezos defends Amazon‘s largess in front of the U.S. House Committee on the Judiciary on Wednesday (“Just like the world needs small companies, it also needs large ones,” his prepared remarks read), his ex-wife MacKenzie Scott has announced an update on her own efforts to dismantle the mountain of money and privilege on which
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Trading activity picked up in shares of Eastman Kodak before the company announced on Tuesday that it had been tapped by the Trump administration to manufacture drug ingredients, data from FactSet shows. On Monday, 1,645,719 shares traded hands, far surpassing Friday’s 74,893 trades, and Thursday’s 80,840 trades. Not including this week, over the last year
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General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
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