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COVID-19 heroes must jump through hoops for workers' comp
COVID-19 heroes must jump through hoops for workers' comp
| July 11th | 2020  12:36AM
COVID-19 heroes must jump through hoops for workers' comp
WASHINGTON (AP) — Lauded for their service and hailed as everyday heroes, essential workers who get the coronavirus on the job have no guarantee in most states they'll qualify for workers' compensation to cover lost wages and medical care. Fewer than one-third of the states have enacted policies that shift the burden of…
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The Latest: China rejects food imports after virus detected
The Latest: China rejects food imports after virus detected
| July 10th | 2020  10:46PM
The Latest: China rejects food imports after virus detected
BEIJING — New coronavirus cases have dropped sharply in China, and authorities are turning their attention to concerns that the virus could spread through imported food. Those worries have risen since a June outbreak in Beijing that was linked to the city’s largest wholesale market. Testing has been stepped up on incoming…
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The Latest: Kentucky's governor says mask rule in effect
The Latest: Kentucky's governor says mask rule in effect
| July 10th | 2020  9:36PM
The Latest: Kentucky's governor says mask rule in effect
LOUISVILLE, Ky. — Kentucky’s governor says a new requirement for people to wear face masks in public took effect at 5 p.m. Friday despite a judge’s restraining order related to pandemic restrictions though not specifically on the face covering rule. Gov. Andy Beshear says the mask mandate is “mandatory, regardless of anything else that’s…
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The Latest: Texas governor warns 'things will get worse'
The Latest: Texas governor warns 'things will get worse'
| July 10th | 2020  7:55PM
The Latest: Texas governor warns 'things will get worse'
AUSTIN, Texas — Texas Gov. Greg Abbott says “things will get worse” in the state as more than 10,000 patients are now hospitalized with the coronavirus. The deadliest week of the pandemic yet in Texas continued Friday with 95 new deaths. On the Texas-Mexico border, Starr County Judge Eloy Vera says his rural community…
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Fed buys more corporate bonds but may soon end purchases
Fed buys more corporate bonds but may soon end purchases
| July 10th | 2020  7:54PM
Fed buys more corporate bonds but may soon end purchases
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT&T, PepsiCo, and Berkshire Hathaway, the conglomerate controlled by billionaire Warren Buffett.
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Croatia, Bulgaria take big step toward joining the euro
Croatia, Bulgaria take big step toward joining the euro
| July 10th | 2020  6:38PM
Croatia, Bulgaria take big step toward joining the euro
FRANKFURT, Germany (AP) — Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc's attraction despite its 2010-2015 debt crisis and the continuing debate about how to strengthen it against possible future trouble. Finance ministers of the 19 current euro nations and European…
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US targets $1.3 billion in French imports in tech tax clash
Government business and finance news icon
| July 10th | 2020  6:34PM
US targets $1.3 billion in French imports in tech tax clash
WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for France’s digital services tax on U.S. technology giants. But the Office of the U.S. Trade Representative said the levies would be delayed…
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'A slap in the face:' Goya faces boycott over Trump praise
'A slap in the face:' Goya faces boycott over Trump praise
| July 10th | 2020  5:34PM
'A slap in the face:' Goya faces boycott over Trump praise
NEW YORK (AP) — The CEO of food company Goya is facing an uproar over his praise for President Donald Trump, with some Latino families purging their pantries of the products and scrambling to find alternatives to the beloved beans, seasoning and other products that have long been fixtures in their cooking. But the controversy is also drawing attention to the mixed political sentiments of Latinos in the U.S.
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How major US stock indexes fared Friday
Industrial products and services news icon
| July 10th | 2020  4:50PM
How major US stock indexes fared Friday
Stocks closed broadly higher on Wall Street Friday as the S&P 500 notched its third weekly gain in the last four. The benchmark index’s biggest gains came from cruise operators, airlines, banks and other companies that most need the economy to reopen and strengthen. The technology-heavy Nasdaq Composite hit a new all-time high.
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Closing prices for crude oil, gold and other commodities
Corporate news news icon
| July 10th | 2020  4:34PM
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for August delivery rose 93 cents to settle at $40.55 a barrel Friday. Brent crude oil for September delivery gained 89 cents to $43.24 a barrel. Wholesale gasoline for August delivery added 3 cents to $1.28 a gallon. August heating oil gained 2 cents to $1.24 a gallon. August natural gas rose 3 cents to $1.81…
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Wall Street rallies as optimism returns to cap erratic week
Industrial products and services news icon
| July 10th | 2020  4:32PM
Wall Street rallies as optimism returns to cap erratic week
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other companies that most need the economy to continue to reopen and strengthen.
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Gilead Sciences, Matson rise; WD-40, Eli Lilly fall
Financial markets news icon
| July 10th | 2020  4:19PM
Gilead Sciences, Matson rise; WD-40, Eli Lilly fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: WD-40 Co., down $6.44 to $194.06. The lubricant maker reported disappointing second-quarter financial results. Matson Inc., up $9.13 to $36.49. The shipping and logistics company gave investors an encouraging second-quarter financial update. Spartan Energy Acquisition Corp., up $1.71 to $16.70.
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Wall Street closing higher, ending erratic week of trading
Wall Street closing higher, ending erratic week of trading
| July 10th | 2020  4:09PM
Wall Street closing higher, ending erratic week of trading
NEW YORK (AP) — Wall Street is closing higher Friday as the S&P 500 notched its third weekly gain in the last four. The benchmark index’s biggest gains came from cruise operators, airlines, banks and other companies that most need the economy to reopen and strengthen. Investors shook off a wobbly start to the day’s trading thanks to an encouraging report from Gilead Sciences about its investigational treatment of COVID-19.
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BJs Wholesale Club (NYSE: BJ) Offers Safety and Growth
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| July 10th | 2020  1:00AM
BJs Wholesale Club (NYSE: BJ) Offers Safety and Growth
BJs Wholesale Club (NYSE: BJ), a warehouse club chain, has been one of the most consistent performers across 2020. During the stock market carnage of mid-February to mid-March, BJ shares barely dipped before quickly recovering. As a warehouse club chain, BJs is somewhat recession-proof to begin with. Add in the restaurant closures forced by the pandemic,…
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SSR Mining Inc (NASDAQ:SSRM) Stock a Buy: Go for the Gold
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| July 10th | 2020  1:00AM
SSR Mining Inc (NASDAQ:SSRM) Stock a Buy: Go for the Gold
With precious metals performing very well as of late, many investors are looking for ways to add gold to their portfolios. Thanks to concerns about the global economy and the fact that central banks are injecting tons of capital into financial markets, gold is approaching record high prices and attracting a lot of positive attention. We know that…
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Walgreens (NASDAQ: WBA) vs CVS (NYSE: CVS): Both Are A Value But There’s Only One I Want To Buy
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| July 10th | 2020  1:00AM
Walgreens (NASDAQ: WBA) vs CVS (NYSE: CVS): Both Are A Value But There’s Only One I Want To Buy
A Tale Of Two Drug-Stores Neither CVS Health Corporation (NYSE: CVS) nor Walgreens Boots Alliance (NASDAQ: WBA) has staged much of a rebound in the post-pandemic world. This is surprising given their status as the largest retailers of staple, consumer-oriented, healthcare products in the post-pandemic world. At today’s prices, both present deep-values for dividend investors but only one stands out as a buy.
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Short-Squeeze In Greenbrier (NYSE: GBX): Now It’s Time To Go Long
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| July 10th | 2020  1:00AM
Short-Squeeze In Greenbrier (NYSE: GBX): Now It’s Time To Go Long
Why Oh Why Were You Short Greenbrier? This morning The Greenbrier Companies (NYSE: GBX) reported earnings sparking a massive short-squeeze. Short-interest going into the report topped 12% which is pretty high for any company. Upon looking at the company’s stats, not even considering today’s earnings report, I am struck by the question…
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Gilead Sciences (NASDAQ: GILD): Biomed Play Built on Future Value
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| July 10th | 2020  1:00AM
Gilead Sciences (NASDAQ: GILD): Biomed Play Built on Future Value
Fighting the coronavirus has become one of the biggest talking points of the year. Considering how the virus itself has dominated the news since late February, this isn't much of a surprise. One of the biggest names on the front lines trying frantically to develop protection against this virus is Gilead Sciences (NASDAQ: GILD), a company that has made a lot of headway.
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International Gaming Technologies (NYSE: IGT) Stock is an Omnichannel Gaming Play
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| July 9th | 2020  7:00AM
International Gaming Technologies (NYSE: IGT) Stock is an Omnichannel Gaming Play
Electronic gaming products operator International Gaming Technologies PLC (NYSE: IGT) shares have been relatively muted during the sports betting app frenzy. Instead IGT has moved more in alignment with the benchmark S&P 500 index (NYSEARCA: SPY). Unlike many of the recent runups, IGT has much more structure both in terms of fundamentals and share price making it a more stabile value play for risk-tolerant longer-term investors.
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