22 December

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U.S. Economic Rebound Is Patchwork of Virus Risk and Rules

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(Bloomberg) -- The U.S. economy has splintered along state and city lines, with the speed of the rebound largely dependent on the magnitude of local business restrictions to combat an unending surge in Covid-19 cases. California and Illinois, where some of the strictest measures have been imposed, saw jumps in state unemployment filings this month that helped push the weekly U.S. total to...

22 December

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EU clears 650 million euros to support Polish airline LOT

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BRUSSELS (Reuters) - EU regulators approved on Tuesday two state aid measures worth a total of 650 million euros ($795.6 million) for Poland's national carrier LOT to help the airline with losses suffered during the coronavirus crisis. The aid measures consists of a 400 million euros subsidised loan and a capital injection of around 250 million euros. "The decision ensures that...

22 December

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Apple shares rise on report of 2024 car rollout plan

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(Reuters) - Shares of Apple Inc (NASDAQ:AAPL) rose 3% in pre-market trading on Tuesday, a day after Reuters exclusively reported that the iPhone maker is aiming to produce a passenger vehicle by 2024 with its own battery technology. Central to the company's strategy is a new battery design that could "radically" reduce the cost of batteries and increase the vehicle's range, Reuters...

22 December

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Cintas Earnings, Revenue beat in Q2

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Cintas reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Cintas announced earnings per share of $2.62 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $2.17 on revenue of $1.75B. Cintas shares are up 28% from the beginning of the year and are trading at $348.73 , down-from-52-week-high.They are under-performing...

22 December

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Stimulus Passed; GDP, API Due; Apple Cars – What’s up in Markets

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By Geoffrey Smith Investing.com -- Congress has sent the stimulus bill to President Trump for signing. The U.S. will release revised GDP data for the third quarter (the U.K. revised its data up sharply overnight). Apple (NASDAQ:AAPL) is back in the self-driving car business and oil faces a test with the first of two weekly reports on U.S. inventories. Here’s what you need to...

22 December

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UK jobs support must last until COVID crisis over – BoE’s Haldane

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LONDON (Reuters) -The British government's coronavirus jobs support should end only when the pandemic crisis is over, Bank of England interest rate-setter Andy Haldane told the Guardian newspaper, saying unemployment was "public enemy number one". "I think the right time to signal and to execute on that reduction in insurance is when you actually see the risks being reduced for people in...

22 December

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Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says – WSJ

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(Reuters) - Facebook Inc (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL) Inc's Google agreed to "cooperate and assist one another" in case of an investigation into their pact to work together in online advertising, the Wall Street Journal reported late on Monday. The Journal report cited an unredacted version of a lawsuit filed by...

22 December

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COVID mutation could raise junk debt defaults – Russell Investments

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AMSTERDAM (Reuters) - The new mutation of COVID-19 risks increasing debt defaults among junk-rated companies next year above what was previously anticipated, Russell Investments's global head of fixed income said on Tuesday. A highly infectious new strain of the virus that has led much of the world to cut off travel ties to Britain could increase the U.S. high-yield bond default...

22 December

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Royal Mail, union end two-year dispute with deal on pay, operational change

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(Reuters) - Britain's Royal Mail (LON:RMG) said on Tuesday it had reached an agreement with its largest labour union over pay and operational change, ending two years of dispute and paving the way for one of the oldest postal companies to focus more on parcel deliveries. The company, which has agreed to increase its postal workers' pay, said it...

22 December

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Airbus to be world’s largest planemaker for second year

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By Tim Hepher PARIS (Reuters) - Airbus is set to beat Boeing (NYSE:BA) to be the world's largest jetmaker for the second year in a row, ending 2020 by resuming deliveries of its A380 superjumbo to Emirates, though its final deliveries are likely to have dropped 35% from 2019 due to the pandemic. There were no immediate reports on Tuesday of...

Меню

U.S. Economic Rebound Is Patchwork of Virus Risk and Rules

EU clears 650 million euros to support Polish airline LOT

Apple shares rise on report of 2024 car rollout plan

Cintas Earnings, Revenue beat in Q2

Stimulus Passed; GDP, API Due; Apple Cars – What’s up in Markets

UK jobs support must last until COVID crisis over – BoE’s Haldane

Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says – WSJ

COVID mutation could raise junk debt defaults – Russell Investments

Royal Mail, union end two-year dispute with deal on pay, operational change

Airbus to be world’s largest planemaker for second year

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