Month: August 2020

Scott Gottlieb, former Commissioner of the FDA Adam Jeffery | CNBC Dr. Scott Gottlieb, former FDA chief under President Donald Trump, said on Sunday that the new guidance from the Centers for Disease Control and Prevention to not test asymptomatic people for Covid-19 was  “unfortunate” because those people could be at high risk of contracting the infection.  “We should
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Dow Jones Industrial Average rises 161 points Dow positive for 2020 The 30-stock average joined the S&P 500 and Nasdaq as it clawed its way back into positive territory for the year. “To some extent, this is psychologically positive for the market,” Randy Frederick, vice president of trading and derivatives at Charles Schwab. Those gains came after the
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People wearing masks walk past a large face mask sign in front of a Best Buy near Columbus Circle that as the city enters Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus in New York City. Alexi Rosenfeld | Getty Images Best Buy on Tuesday reported strong second-quarter sales growth, helped
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Bill Gates is a tech icon and the world’s second-wealthiest person. So, it’s hard to imagine the Microsoft co-founder being jealous of anyone. However, as Gates reveals in a recent interview with the Armchair Expert podcast, the billionaire was envious of his one-time friend and rival Steve Jobs’ legendary charisma. In the interview, which was
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The Federal Emergency Management Agency, which is overseeing program funding, had approved 13 states to offer the extra unemployment benefits as of around noon ET on Friday.  Those states are: Arizona, Colorado, Idaho, Iowa, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, New Mexico, Oklahoma and Utah. Seven others — Alabama, Alaska, Arkansas, California, Indiana, Texas and West
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An Estee Lauder cosmetics counter in Los Angeles, California. Lucy Nicholson | Reuters Estee Lauder forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands. The company and other
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Customers wearing face masks shop at a Walmart on July 15, 2020 in Washington, D.C. Sha Hanting | China News Service via Getty Images Walmart said Tuesday second-quarter earnings got a boost as shoppers rushed in to spend their stimulus checks, while its online business continued to surge during the pandemic. Walmart’s e-commerce sales in
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Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July,
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The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields.  The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and
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A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft reported second-quarter earnings Wednesday, which showed a 61% revenue drop versus the same period last year, but a glimmer
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Chuck Robbins, chief executive officer of Cisco Technologies Inc., pauses during a panel session on day two of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a
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