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Dubai allows alcohol home delivery as virus shuts down bars
Dubai allows alcohol home delivery as virus shuts down bars
| April 9th | 2020  2:05AM
Dubai allows alcohol home delivery as virus shuts down bars
DUBAI, United Arab Emirates (AP) — The Champagne corks no longer pop at Dubai's infamous alcohol-soaked brunches. The blaring flat-screen televisions stand silent in the sheikhdom's sports bars. And the city-state's pubs have shrink-wrapped their now-idle beer taps. This skyscraper-studded desert metropolis on the Arabian Peninsula has…
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The Latest: India identifies, seals coronavirus hot spots
The Latest: India identifies, seals coronavirus hot spots
| April 9th | 2020  1:18AM
The Latest: India identifies, seals coronavirus hot spots
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — India identifies, seals coronavirus hot spots as cases rise …
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The Latest: South Korea expects positive economic growth
Spread of the coronavirus disease (COVID-19) in Pantin near Paris
| April 9th | 2020  12:43AM
The Latest: South Korea expects positive economic growth
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — South Korea’s top central banker expects slow, but positive economic growth. …
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Virus casts a dark cloud over once-thriving home market
Virus casts a dark cloud over once-thriving home market
| April 9th | 2020  12:01AM
Virus casts a dark cloud over once-thriving home market
BOSTON (AP) — When Rebeka McBride and her husband put their home in Washington state on the market in early March, the coronavirus outbreak was just taking hold in the United States. They managed to hold two open houses and a smattering of private viewings before accepting an offer. But with the U.S. economy now collapsing, the family…
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Asian shares mixed, Tokyo lower as Wall Street rally fades
Asian shares mixed, Tokyo lower as Wall Street rally fades
| April 9th | 2020  12:00AM
Asian shares mixed, Tokyo lower as Wall Street rally fades
BANGKOK (AP) — Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory. Japan’s Nikkei 225 index lost 0.4% after the central bank governor said the economy faces “extremely high” uncertainty over the likely impact of the pandemic.
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The Latest: Japan reports 500-plus new cases for 1st time
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| April 8th | 2020  11:34PM
The Latest: Japan reports 500-plus new cases for 1st time
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Japan says country had more than 500 new cases for first time. — New Zealand records lowest number of new coronavirus cases in nearly three weeks.
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The Latest: South Korea has smallest jump in cases since Feb
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| April 8th | 2020  10:05PM
The Latest: South Korea has smallest jump in cases since Feb
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — South Korea sees smallest daily jump in new cases since Feb. 20 …
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Countries start thinking about easing up on restrictions
Countries start thinking about easing up on restrictions
| April 8th | 2020  9:19PM
Countries start thinking about easing up on restrictions
NEW YORK (AP) — Even as coronavirus deaths mount across Europe and New York, the U.S. and other countries are starting to contemplate an exit strategy and thinking about a staggered and carefully calibrated easing of restrictions designed to curb the scourge. “To end the confinement, we’re not going to go from black to white; we’re going…
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Mexico loses almost 350,000 jobs because of coronavirus
Mexico loses almost 350,000 jobs because of coronavirus
| April 8th | 2020  9:15PM
Mexico loses almost 350,000 jobs because of coronavirus
MEXICO CITY (AP) — Mexico’s Labor Department said Wednesday the country has lost 346,748 jobs since mid-March due to the economic impact of the new coronavirus and distancing measures imposed to fights its spread. The biggest job losses occurred in the heavily tourism-dependent Caribbean coastal state of Quintana Roo, which lost almost 64,000 jobs.
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Congress in standoff on virus aid, but first checks coming
Donald Trump
| April 8th | 2020  8:39PM
Congress in standoff on virus aid, but first checks coming
WASHINGTON (AP) — Congress is rushing headlong into a conflict over the next coronavirus aid package as the White House wants to pump $250 billion into a small business fund but opposes Democrats' proposal to tack on billions for protective gear, food stamps and support to state and local governments. An attempt for a Thursday vote in…
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Housing market chills, layoffs, companies boost virus fight
Housing market chills, layoffs, companies boost virus fight
| April 8th | 2020  7:47PM
Housing market chills, layoffs, companies boost virus fight
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ___________________ PAYCHECKS STOP: Companies are in survival mode, which means tens of thousands of people are losing weekly paychecks.
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Virus outbreak delivers tech darlings a harsh reality check
Brian Chesky
| April 8th | 2020  7:45PM
Virus outbreak delivers tech darlings a harsh reality check
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. Over the same period, the S&P 500 has fallen just 10 percent, even with wild swings along the way.
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Enbridge seeks permits to build Great Lakes oil tunnel
Enbridge seeks permits to build Great Lakes oil tunnel
| April 8th | 2020  6:11PM
Enbridge seeks permits to build Great Lakes oil tunnel
TRAVERSE CITY, Mich. (AP) — Enbridge Inc. applied Wednesday for state and federal authorization to construct an oil pipeline tunnel beneath the Michigan waterway that connects two of the Great Lakes. The Canadian company wants to build a roughly 4-mile-long (6.4-kilometer-long) tunnel beneath the Straits of Mackinac. It would replace…
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Wells Fargo (WFC) Takes a Bullish Case in Video Games, Upgrades Activision (ATVI), Take-Two (TTWO)
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| April 8th | 2020  1:00AM
Wells Fargo (WFC) Takes a Bullish Case in Video Games, Upgrades Activision (ATVI), Take-Two (TTWO)
If there was a natural fit for a pandemic that's keeping millions of people indoors at any given time, it's got to be video game stocks, right? Oddly enough, that's not the case at a lot of firms, as video game stocks are having a rough time finding upward momentum amid sales that aren't exactly brisk. However, an extra life for gaming seems to be afoot as a new player has entered the game: Wells Fargo (NYSE: WFC).
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It's Time To Buy Corona
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| April 8th | 2020  1:00AM
It's Time To Buy Corona
The stock market can be a funny place and inefficient things happen all the time despite the levels of liquidity present in 21st-century markets. As the world shut down in March and hundreds of millions of people shifted to working from home, shares of the video conference app, Zoom Video Communications (NASDAQ: ZM) popped more than 130% in just a few weeks.
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Why You Should Be Cautious with Dividend Investing Right Now
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| April 8th | 2020  1:00AM
Why You Should Be Cautious with Dividend Investing Right Now
Dividend investing is one of the more popular investment styles for people that aren’t necessarily looking for huge gains but rather passive income over time in the form of dividend payouts. It’s an attractive strategy because it allows investors to develop new income streams and experience compound growth over time. Dividend investing seems like a straightforward approach that can help you create real wealth over time.
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Data Center Strength Underscores Intel (INTC) Stock Buy
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| April 8th | 2020  1:00AM
Data Center Strength Underscores Intel (INTC) Stock Buy
Semiconductor giant  Intel Corporation (NASDAQ: INTC) shares made decade-long highs at $69.29 on Jan. 24, 2020, in reaction to its Q4 2019 EPS beat by + $0.27. Intel raised Q1 2020 EPS to $1.30 vs. $1.03 and FY 2020 EPS of $5.00 consensus analyst estimates of $4.65. Investors and analysts were blindsided by the growth in 19% year-over-year (YoY) growth in the Data Center Group segment.
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Sirius XM (XMSR) Stock is a Buy That’s Hidden in Plain Sight
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| April 8th | 2020  1:00AM
Sirius XM (XMSR) Stock is a Buy That’s Hidden in Plain Sight
Satellite radio broadcaster Sirius XM (NASDAQ: SIRI) has revolutionized subscription-based commercial-free audio content programming. The company has grown its membership to 34.9 million total SiriusXM subscribers by the end of 2019 and shares hit 52-week highs reaching $7.40 on Feb. 20, 2020. The following five-weeks saw SIRI shares plunge by (-44%)…
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This Is What To Expect From The 1st Quarter Earnings Season
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| April 8th | 2020  1:00AM
This Is What To Expect From The 1st Quarter Earnings Season
The First Quarter Is Not Going To Be Pretty The first-quarter earnings cycle is just around the quarter and I am here to tell you it’s not going to be pretty. The first shocks of the coronavirus pandemic were felt early in the quarter and threaten to shave double-digits off the S&P 500’s (SPY) EPS for the quarter. Investors should expect…
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