Month: September 2020

Republican senators tried to distance themselves from Donald Trump on Wednesday morning, following the US president’s aggressive debate performance and his refusal to condemn white supremacists. In the first presidential debate on Tuesday night, Mr Trump repeatedly interrupted and spoke over Joe Biden, the Democratic challenger, in what quickly devolved into an ugly, acrimonious spectacle.
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Microsoft Corp., one of the world’s biggest tech companies, sells personal computing devices, cloud systems and services, software and other products. Microsoft is listed on the Nasdaq exchange under the ticker symbol, MSFT. The company was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later,
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Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
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Check out the companies making headlines in midday trading.  Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
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The Continuum in Miami has a sanitizing butler for their beachfront ESPR Mudrooms are out. Instead the real estate world is giving a hearty welcome to disinfection rooms—the same physical space that mudrooms took up in a house, but now they’re being rebranded as a place for homeowners or their guests to take steps to
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Chicago-based CommonSpirit Health is eyeing the possible sale of up to $2 billion in the fourth quarter, the Chicago-based system reported in an investor notice. The system reported it was “currently evaluating” the financing to restructure and/or refinance existing debt including outstanding direct purchase bonds and to finance and reimburse itself for up to $750
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The political economy of South Africa is a mess. The South African government often fails to even provide basic services. For example, earlier this year, there was a wave of power outages euphemistically called “load shedding.” Inconsistent power devastated productivity. According to Transparency International, 18% of public service users paid a bribe in the past
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Joe Biden attacked Donald Trump as a clueless “clown” who was trying to take away healthcare from millions of Americans during a pandemic as the first debate between the two presidential contenders got off to a chaotic start. In the opening minutes, the two candidates sparred over the Supreme Court opening left by the death
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When most people challenge deeply ingrained wisdom about finances, they’re greeted with eye rolls. When one of the world’s most successful financial gurus is the contrarian, people listen. Such was the case with Warren Buffett’s 2013 letter to Berkshire Hathaway investors, which seemed to challenge one of the longstanding axioms about retirement planning. Buffett noted
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An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic.   Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
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Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday
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U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters The Manhattan District Attorney’s Office said Tuesday it will not seek to enforce a subpoena for President Donald Trump‘s income tax returns until
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A “catastrophic” performance since the outbreak of coronavirus has left Tiffany with “dismal” prospects for the future, according to the company that until recently wanted to buy the luxury US jeweller for $16.6bn. LVMH, the conglomerate led by the French tycoon Bernard Arnault, made the stinging attack on Tiffany and its management in a lawsuit
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Why Should You Care? Donald Trump, the nation’s 45th chief executive, is unique in his connection to the business world among U.S. presidents. Certainly, there have been presidents before him who were businessmen: both Bushes were in the oil business, Herbert Hoover was in mining, and Warren G. Harding was in the newspaper business. The
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European stocks on Monday had their best day since June, leading a global equity market rally driven by investors scooping up shares in beaten-down sectors as a choppy month draws to a close. The region-wide Euro Stoxx 600 index was 2.2 per cent higher, its best showing in three months, with German’s Dax 30 posting
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The marijuana industry’s exponential growth in the last several years created numerous opportunities in the mainstream economy. But kinks in the industry, including regulatory ones, are still being worked out. To that extent, it is still nascent and needs a professionally-trained workforce to firm up its contours. Currently, there are relatively few colleges or universities
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Will they be back? Barclays thinks not. At least not in their entirety. getty Is working from home here to stay? Barclays Capital thinks it is. In a special report published on September 22, Barclays equities analysts Ryan Preclaw in New York and Paul May in London wrote that working from home could reduce demand
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Florida revenue collections for the state general fund rose to the plus side in August compared to estimates that had been lowered to account for impacts caused by the coronavirus pandemic. “While overall collections for August moved further into positive territory, posting a notable gain of $177.3 million against the new estimate for the month,
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In the last few weeks, a couple of important PIMCO updates hit investor screens. We saw the second part of the annual shareholder report covering the remainder of PIMCO taxable funds. Investors also saw the August coverage figures released earlier in the month. July figures were odd, to say the least, so shareholders were keen
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