Month: January 2021

Scott Mlyn | CNBC Check out the companies making headlines in midday trading. GameStop — The gaming retailer’s shares continued their rally, as the stock price more than doubled to surpass $360, up 140%. Retail investors have been driving the share price higher, pushing back against short sellers. Melvin Capital, which was short GameStop, closed out
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Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
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The SXM-7 satellite, built by Maxar Technologies for SiriusXM, is seen here in Maxar’s manufacturing facility in Palo Alto, Calif. Maxar A recently launched Sirius XM satellite suffered “failures” during preliminary testing in space, the company noted in a securities filing on Wednesday, although it did not disclose the cause of the malfunction. “During in-orbit
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A visitor looks down an empty hallway at The Fashion Mall at Keystone, Wednesday, March 18, 2020, in Indianapolis. Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP When Macy’s Chief Executive Jeff Gennette
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Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is expected to report its fiscal first-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 55 cents expected Revenue: $6.93 billion expected At the coffee giant’s investor day in December, CFO Pat Grismer reiterated the company’s
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Jeff Bezos and Elon Musk Getty Images The two richest men on the planet are sparring in front of federal regulators over the massive satellite internet projects their companies are developing. SpaceX CEO Elon Musk took to Twitter on Tuesday, as his company works to convince officials of the Federal Communications Commission that it should
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WASHINGTON, DC – JANUARY 25: President Joe Biden speaks after signing an executive order related to … [+] American manufacturing. (Photo by Drew Angerer/Getty Images) Getty Images Congressional Republicans and some Democrats are urging lawmakers to better target President Biden’s $1.9 trillion plan for new pandemic relief. And they are right: It makes sense to deliver
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HUD-approved housing counselors can discuss options with homeowners who are having trouble paying … [+] their mortgage. getty The Federal Housing Administration announced Tuesday that it will carry out the Biden Administration’s request to extend the deadline for financially stressed borrowers with FHA-insured mortgages to request and receive mortgage payment forbearance from their mortgage servicer. The new
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Starbucks Chief Operating Officer Rosalind Brewer will replace Stefano Pessina as CEO of Walgreens, according to The Wall Street Journal. Starbucks announced Brewer’s departure earlier Tuesday, saying she was leaving at the end of February for a CEO position at an undisclosed publicly traded company. Officials from Walgreens weren’t immediately available to comment, on the
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