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Kodak is reportedly under SEC investigation after its stock price exploded more than 2,757%
The Securities and Exchange Commission is reportedly investigating how Eastman Kodak received a a $765 million loan from the US government to help make drug ingredients, according to the Wall Street Journal.
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Here's Why Beyond Meat Stock Slipped on Wednesday
Shares of plant-based meat company Beyond Meat (NASDAQ:BYND) slipped on Wednesday, after the company reported results for the second quarter of 2020. Revenue exceeded expectations, while earnings fell short.
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Stocks push higher, fresh records in sight, as earnings and service-sector data surprise to the upside
U.S. stocks rise in early trading Wednesday as strong corporate earnings results and rosy service-sector data outweighed a disappointing jobs report
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U.S. Treasury to sell $112 bln next week, continue shift to longer-dated debt
The U.S. Treasury Department said on Wednesday it will sell $112 billion next week in notes and bonds and that it plans to continue to shift more of its funding to longer-dated debt in coming quarters,
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Cummins Adds to Its Fuel Cell Leadership, Receives Two US Department of Energy Awards for Hydrogen Fuel Cell Powertrains
Cummins Inc. (NYSE: CMI) today announced the company has received two awards from the U.S. DOE’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) totaling nearly $7 million. The awards ar
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Coffee Starts To Percolate Higher- The Potential For An Upside Surprise Rises
Before 2018, the price of nearby coffee futures that trade on the futures market on the Intercontinental Exchange had not declined below the $1 per pound level since 2006. Over the past two years, sufficient supplies of coffee beans caused the price to venture below one dollar frequently.
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BMW Shocks Investors With Big Loss, But Expects Small 2020Profit
BMW lost a record amount of money in the coronavirus-stricken second quarter, but still expects to make a profit for the whole year, albeit a tiny one. BMW joined Volkswagen, Daimler, Renault and Volvo in posting losses because of the pandemic.
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Is India really open for business?
For attracting MNCs relocating out of China, India must end the usual glacial pace of taking decisions and acting on them
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Wendy's signals sales recovery on breakfast strength after COVID-19 dent
"Despite breakfast being the hardest hit daypart in QSR (quick service restaurants category) since the beginning of the pandemic, our businesses continue to grow each month," Wendy's Chief Executive Officer Todd Penegor said. Load Error Decline in the U.S ...
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The Zacks Analyst Blog Highlights: Chipotle Mexican Grill, Papa John's, Domino's Pizza, Jack in the Box and El Pollo Loco
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Chipotle Mexican Grill,
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Firm behind Florida’s faulty unemployment website gets $135 million state contract
The state's 2011 contract with Deloitte Consulting is under investigation. Florida is poised to sign a new one with the firm.
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The Most Popular Stocks On Robinhood: Kodak, ADT, Li Auto
After Google announced its new investment in ADT, the stock jolted up to $15.73 per share and was added to more than 23,700 Robinhood accounts, a 92% gain. This brought the total number of accounts holding ADT to 49,
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Merrell and Sperry Parent Handily Tops Forecasts Despite Widespread Store Closures
More from Footwear News “The company’s second-quarter results were much stronger than expected despite the negative impact of unprecedented global market conditions and significant retail store closures for much of the time period,
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J.P. Morgan: These 2 Healthcare Stocks Are Must-Watch Names
Marching forward together, the previous decade saw equities and bonds rally right alongside each other. At the same time, there was a negative correlation of daily returns, limiting portfolio volatility.
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Mayor De Blasio says Facebook leasing massive office space in NYC
Mayor Bill de Blasio said Tuesday that Facebook would be leasing a massive office space in New York City. Continue Reading Below The Democratic mayor said the company had leased all of the office spaces in the 730,000 square foot James Farley Post Office ...
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Regeneron Earnings Easily Beat Views; REGN Stock Near Record High| Investor's Business Daily
Regeneron earnings topped Q2 views. The biotech, which is working on coronavirus treatments, also beat sales estimates. REGN stock is near a record high.
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Benetton Family, Funds Support Atlantia's Push to Amend Autostrade Deal
Investors in Atlantia , including Italy's wealthy Benetton family, lined up on Wednesday to back a surprise move by the infrastructure group to amend a deal with the government over its Autostrade per l'Italia unit.
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CVS posts strong earnings as delayed elective procedures cut benefit costs at Aetna
CVS Health reported surprisingly strong second-quarter earnings as people postponed elective medical procedures during the pandemic, and it raised its profit expectations for the year. The postponed procedures led to lower benefit costs, CVS said Wednesday.
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Why Nikola Stock Fell Sharply After Earnings
Shares of electric-semi start-up Nikola (NASDAQ:NKLA) were trading sharply lower on Wednesday morning following the company's first quarterly earnings report since it went public in June. While Nikola's financial results were in line with Wall Street expectations,
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Consumer spending could regress in the coming months as monthly personal income growth falls
Consumer spending could regress in the coming months because of falling monthly personal income growth and the end of key government initiatives.
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Dollar dented as yields dive on recovery worries
The dollar was under pressure on Wednesday from a towering euro and crumbling U.S. yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair.
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BP CEO says dividend cut 'deeply rooted in strategy' as energy giant ramps up renewable investment
The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to "reset" its dividend to 5.25 cents a share was "deeply rooted in strategy." The newly announced dividen
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Services sector index increases to 58.1 reading in July
Activity in the services sector, where most Americans work, increased in July but concerns remain about whether the recovery will persist with the recent rise in coronavirus cases. The Institute for Supply Management said Wednesday that
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Pakistan's mango exports are plummeting because of the pandemic
Pakistan is exporting 30,000 fewer tons of mangoes than usual, and now vendors are dealing with unprecedented supply but low demand.
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DoorDash launches new digital convenience store channel as delivery wars heat up
"It's a bit like the express lane inside of a store, whether that store is a grocery store or whether that store is a convenience store, or a pharmacy," DoorDash CEO Tony Xu told CNBC. DoorDash is launching a new digital convenience store channel,
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