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U.S. President-elect Joe Biden opposes the lifting of a ban on travelers from Europe and Brazil ordered by his predecessor President Donald Trump for Jan. 26, his incoming press secretary Jen Psaki tweeted on Monday.
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U.S. expected to have 500,000 COVID-19 deaths by February, CDC official warns CBS NewsCOVID-19: The New Variants | Start Here Al Jazeera EnglishThe New CDC Director Just Issued This Very Dark COVID Warning Yahoo LifestyleNew Variants Of Coronavirus Raise Concerns About Rapid Spread | TODAY TODAYCDC warns COVID-19 variants could worsen the pandemic, as Florida leads in new cases WFTV Orlando
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Shares of ODP Corp. slipped 1.1% in premarket trading Tuesday, after The Wall Street Journal reported that the office supplies retailer has rejected an unsolicited buyout proposal by rival Staples, which is owned Sycamore Partners. The buyout bid of $40 a share in cash, announced last week, valued ODP at more than $2 billion. The WSJ report, citing a letter it reviewed, said ODP has determined that rather than a sale, it prefers a sale of its retail and consumer-facing e-commerce operations. Staples' latest bid marks the third attempt to acquire its rival, as the WSJ reported. ODP's stock has more than doubled (up 113.8%) over the past three months through Friday, including a 24.1% gain last week, while the S&P 500 has advanced 10.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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These stocks could be set for big gains in 2021 even after huge returns last year.
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Melania Trump released a farewell video. So did Colbert's Late Show Melania Trump. Yahoo NewsTrumps' snub of Bidens historic in its magnitude CNNMelania Trump releases farewell message: 'It has been the greatest honor of my life' Fox NewsMelania Trump spends her last days in the White House focused on her future, while her husband rages about the past The Washington Post
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Stock Futures Rise Ahead of Yellen's Testimony The Wall Street JournalJanet Yellen Readies Big Changes for Treasury The New York TimesGlobal Markets Push Higher Ahead of Yellen's Senate Testimony Barron'sThe Debt Question Facing Janet Yellen: How Much Is Too Much? The Wall Street JournalDollar retreats from one-month high as traders eye Biden's FX policy Reuters
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2021-01-19 0001213900-21-002678 35 KB
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Goldman equities traders produced a 40% bump in revenue from a year earlier to $2.39 billion, exceeding expectations by nearly half a billion dollars.
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Legal claim investor Longford Capital has hauled in at least $434m for its third fundraise, putting it close to its biggest vehicle to date.
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Riley Williams, who allegedly stole Nancy Pelosi's computer during Capitol riots, arrested CBS NewsCapitol rioter accused of stealing Nancy Pelosi's laptop turns herself in: authorities Fox NewsRiley June Williams arrested, may have stolen laptop from Nancy Pelosi's office during Capitol riot, FBI says The Washington PostCapitol riot suspect plotted to sell stolen Pelosi laptop to Russian intelligence, authorities say NBC News
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Slovakian private equity house Sandberg Capital has struck a €109m final close for its second fund.
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Inside the fight for the Capitol: US Capitol Police officers recount being unprepared and 'betrayed' CNNPolice command structure crumbled fast during Capitol riot Associated PressColorado State Capitol Sees Small, Uneventful Weekend Gatherings CBS DenverThe assault on the Capitol underscores why federal law enforcement should use body cameras The Washington Post
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Experts anticipate several challenges to vaccinating undocumented immigrants.
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Two plays that worked out exceedingly well for investors in 2020 are making them wary as a new year kicks off, says our call of the day from Deutsche Bank.
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U.S. Treasury yields inch higher on early Tuesday's trade before a hearing to confirm Janet Yellen as the new Treasury Secretary in the Biden administration.
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Will Tesla and bitcoin double in price or fall 50%? This is what investors think
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Brands can no longer superficially support progressive social movements; they need to be actively engaged with these movements and attentive to their goals.
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Stock-market index futures on Tuesday are set to rally, with investors looking ahead to the inauguration of President-elect Joe Biden and fourth-quarter quarterly results set to kick into higher gear, featuring the likes of Bank of America, Goldman Sachs Group and Netflix. Markets were closed on Monday in observance of the Martin Luther King Jr. holiday.
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UK hospitals are using blockchain to track the temperature of coronavirus vaccines CNBCU.S. works to speed up vaccinations as coronavirus deaths near 400000 CBS This MorningTipsters: Glitch Has Walgreens Locations Giving COVID-19 Vaccines To People Who Aren't Eligible CBS ChicagoCoronavirus vaccine eligibility expands Tuesday ABC15 ArizonaDr. Max Gomez Answers Your COVID-19 Vaccine Questions CBS New YorkView Full Coverage on Google News
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Coherent shares jump on deal to be acquired by Lumentum for $5.7 billion
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Putting your savings behind these risky choices could wreck your finances.
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Record-breaking verdict under lèse majesté law seen as a warning to pro-democracy movement
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Under the terms of the cash-and-stock deal announced Tuesday, Coherent shareholders would receive $100 and 1.1851 shares of Lumentum stock for each Coherent share.
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PetMed Express Inc. stock slumped 8.6% in Tuesday premarket trading before rebounding to a 2.1% decline after the pet pharmacy reported fiscal third-quarter profit that missed expectations. Net income totaled $7.6 million, or 38 cents per share, up from $6.8 million, or 34 cents per share, last year. Sales totaled $65.9 million up from $59.9 million last year. The FactSet consensus was for EPS of 39 cents and sales of $64.3 million. Average order size rose to $88 from $85, according to a statement from PetMed Chief Executive Menderes Akdag. And the company declared a quarterly dividend of 28 cents per share, payable on Feb. 12, 2021 to shareholders of record as of the close of business on Feb. 1, 2021. PetMed stock has gained 27.4% over the past year outpacing the S&P 500 index , which is up 13.2% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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US investment bank's profits more than double in fourth quarter
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Shares of Goldman Sachs Group Inc. rose 2.0% in premarket trading Tuesday, after the bank and brokerage reported fourth-quarter net income that more than doubled and beat expectations by a wide margin, and revenue that also beat forecasts. Net income grew to $4.51 billion, or $12.08 a share, from $1.72 billion, or $4.69 a share, in the year-ago period. The FactSet consensus was for earnings per share of $7.45. Total revenue increased 17.9% to $11.74 billion, above the FactSet consensus of $9.99 billion, as net interest income jumped 32.4% to $1.41 billion to beat expectations of $1.14 billion. Among business segments, revenue increased the most in market making (53%) and investment banking (34%). Within investment banking, equity underwriting revenue nearly tripled (up 195%) to $1.12 billion, above the FactSet consensus of $784.4 million, while debt underwriting rose 68% to $526 million but missed expectations of $583.8 million. Fixed income, currencies and commodities (FICC) revenue grew 6% to $1.88 billion, missing expectations of $2.06 billion, while equities revenue rose 40% to $2.39 billion to surpass expectations of $1.89 billion. The stock has run up 46.3% over the past three months through Friday, while the Dow Jones Industrial Average has gained 9.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Washington Post: QAnon members talked about acting as National Guard members to infiltrate inauguration, FBI intelligence report says CNNPentagon screening National Guard troops for extremist ties The Philadelphia InquirerDowntown D.C. is a fortress as inauguration nears Washington PostAbbott Says He Finds Vetting of Texas National Guard Ahead of Inauguration ‘Offensive' NBC 5 Dallas-Fort WorthFBI vetting
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Chief executive Brian Moynihan sees signs of a recovery led by consumer spending
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Shares of Bank of America Corp. slipped 0.2% in premarket trading Tuesday, erasing earlier gains, after the bank reported a fourth-quarter profit that beat expectations but revenue that fell short, as global markets revenue rose less than forecast. Net income fell to $5.5 billion, or 59 cents a share, from $7.0 billion, or 74 cents a share, in the year-ago period. The FactSet consensus was for earnings per share of 55 cents. Total revenue declined 10.1% to $20.10 billion, below the FactSet consensus of $20.58 billion, as net interest income fell 15.5% to $10.25 billion to top expectations of $10.24 billion. Consumer banking revenue fell 13.4% to $8.24 billion, above the FactSet consensus of $8.13 billion, while global markets revenue increased 14.1% to $3.91 billion but missed expectations of $4.10 billion. Equities revenue rose 30% to $1.3 billion, while fixed income, currencies and commodities (FICC) revenue decreased 5% to $1.7 billion. Global banking revenue fell less than forecast and global wealth and investment management revenue declined in line with expectations. "In the fourth quarter, we continued to see signs of a recovery, led by increased consumer spending, stabilizing loan demand by our commercial customers, and strong markets and investing activity," said Chief Executive Brian Moynihan. Earlier, the bank said it had authorized a stock buyback program of $2.9 billion through March 31. The stock has rallied 39.2% over the past three months through Friday, while the SPDR Financial Select Sector ETF has climbed 25.7% and the S&P 500 has gained 10.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Yes, your company can mandate that their employees get a COVID-19 vaccine. In fact, 64% of working Americans are likely to get one when available.
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Nearly a year after a public health emergency was declared, a WHO-established independent panel declared the "global pandemic alert system" not fit for purpose.
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World's most indebted property group has been under scrutiny as China tries to contain leverage
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Far-right extremists have reportedly discussed posing as National Guard members in D.C. Yahoo NewsArmed demonstrators gather at Virginia state Capitol as states stay tight on security ahead of inauguration CNNQAnon adherents discussed posing as National Guard to try to infiltrate inauguration, according to FBI intelligence briefing The Washington PostJoe Biden inaugural address: Aim to unite, but prepare to lead amid bitter division USA TODAY
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The owner of the 83-story Aon Center is investing $6.5 million to demolish and redesign its half-acre plaza in anticipation of greater demand for outdoor space in a post-pandemic downtown Chicago.
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International energy body says fresh restrictions will delay expected recovery in crude market
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‘Sometimes, I rent a hotel room by the beach, Las Vegas or other places that I think would be nice for us to see.'
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Oil futures gain ground Tuesday, taking a cue from rallying equity markets and a weaker dollar as traders shake off a cut in the International Energy Agency's forecast for 2021 crude demand.
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The writing was on the wall as soon as French economy and finance minister Bruno Le Maire said he wasn't in favor of the deal.
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Billie Eilish Shares Cheeky New Pic Of Her Brother's Girlfriend Kissing Her Backside — See Photo HollywoodLifeBillie Eilish shares cheeky snap with her brother's girlfriend Claudia msnNOWBillie Eilish shares a cheeky snap with her brother's girlfriend patting her on the bottom Daily MailView Full Coverage on Google News
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Copper-exposed stocks could be set to surge in 2021 and a buying opportunity may be around the corner, Morgan Stanley analysts said on Monday.
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The national divide is simply too great, and tens of millions of Americans on both sides are dug in - unwilling to see anything from the other side's point of view.
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The WHO warns of "catastrophic moral failure" over coronavirus vaccine access Yahoo NewsCovid vaccine: WHO warns of 'catastrophic moral failure' BBC NewsVaccine inequity puts world on brink of 'catastrophic moral failure', says WHO chief Guardian NewsWorld on the brink of 'catastrophic moral failure' due to unfair vaccine rollouts, WHO chief says CNBCWHO chief lambasts COVID-19 vaccine profits, demands elderly go first The Denver Post
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Independent WHO panel vows new pandemic response guidance this year - Business Insider Business InsiderCovid Response Was a Global Series of Failures, W.H.O.-Established Panel Says The New York TimesInvestigation: Spike in overdoses mirrors isolation, hopelessness of COVID-19 pandemic WAVY TV 10Panel: China, WHO should have acted quicker to stop pandemic KLFY'Tiny but mighty': Community pantries help neighbors during COVID-19 pandemic 41 Action News
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Trump is planning to lift travel restrictions on most visitors from Europe, Britain and Brazil this month.
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Trump Orders Lifting of Virus Travel Ban, but Biden Aides Vow to Block Move The New York TimesTrump plans to leave in dramatic fashion yet continues to stay out of sight ABC NewsAs Biden's Inauguration Approaches, Pressure Mounts on Some Trump Appointees The New York TimesCan Biden contain the flames lit by Trump? The Boston Globe
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President-elect signals intentions after outgoing Trump administration moves to lift restrictions
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‘The majority of the purchase price was from my condo sale and my inheritance savings, but my husband did contribute several thousand dollars.'
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A new machine-learning model can predict how the prices of stocks will behave based on whether or not analyst forecasts are too optimistic or too pessimistic, says Wharton's Jules H. van Binsbergen.
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