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Biden Calls Republican Senators as Stimulus Hits Roadblocks By Bloomberg

(Bloomberg) -- President Joe Biden is personally reaching out to Republican lawmakers amid a cool reception from the party for his $1.9 trillion stimulus plan. Maine Senator Susan Collins spoke with Biden on Tuesday, telling reporters on Thursday: “It was a very friendly call. I’ve known him for years.” Ohio Senator Rob Portman also spoke with Biden this week, NBC News reported Thursday....

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Visa A Earnings, Revenue beat in Q1 By Investing.com

Visa (NYSE:V) A reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Visa A announced earnings per share of $1.42 on revenue of $5.69B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $5.53B. Visa A shares are down 9% from the beginning of the year and are trading at $201.00...

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Visa’s first-quarter profit falls as pandemic crimps travel spending By Reuters

(Reuters) - Visa Inc (NYSE:V) reported a fall in quarterly profit on Thursday, as the COVID-19 pandemic hit large parts of the global travel industry, hurting cross-border spending volumes for world's largest payment processor. Net income fell to $3.13 billion, or $1.42 per Class A share, for the first quarter ended Dec. 31, from $3.27 billion, or $1.46 per Class...

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Novavax says its vaccine is 89.3% effective in UK trial By Reuters

By Julie Steenhuysen CHICAGO (Reuters) - Novavax Inc said on Thursday its coronavirus vaccine was 89.3% effective in preventing COVID-19 in a trial conducted in the United Kingdom, and was nearly as effective in protecting against the more highly contagious variant first discovered in the UK, according to a preliminary analysis. Novavax said the trial, which enrolled 15,000 people aged 18 to...

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FTSE Russell suspends moves to eject more Chinese firms from indexes By Reuters

LONDON (Reuters) - FTSE Russell has put on ice the potential ejection of five more Chinese firms from key stock indexes, after the United States pushed back any decision on formally blacklisting them to May. President Joe Biden's administration has extended a deadline requiring investors to sell their stakes in companies "whose name closely matches, but does not exactly match, the name...

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With vaccinations rising, U.S. economy remains in the waiting room By Reuters

By Howard Schneider WASHINGTON (Reuters) - U.S. policymakers are touting the gradual rise in the number of people who have received a coronavirus vaccination as the beginning of the end of the economy's fight with the pandemic, but real-time data suggests the awaited rebound is still at the starting line. The worst of the economic pain triggered by the virus may well...

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Dow Rallies on Tech Strength; GameStop Cuts Some Losses By Investing.com

By Yasin Ebrahim  The Dow jumped Thursday, led by a rally in big tech on bullish quarterly earnings and expectations the economy will rebound strongly in the months ahead. The Dow Jones Industrial Average rose 1.94%, or 589 points. The S&P 500 was up 2.09%, while the Nasdaq Composite gained 1.75%. Big tech including Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) reported better-than-expected results, lifting investor...

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Canada shares higher at close of trade; S&P/TSX Composite up 1.51% By Investing.com

Investing.com – Canada equities were higher at the close on Thursday, as gains in the Materials, Healthcare and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 1.51%. The biggest gainers of the session on the S&P/TSX Composite were First Majestic Silver Corp. (TSX:FR), which rose 19.88% or 3.53 points to trade at 21.29...

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