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Here's why inflation is kryptonite for bonds as Powell's comments rock markets

Created: Thu, 04 Mar 2021 22:07:54 GMT

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The bond market cringed Thursday when Federal Reserve Chairman Jerome Powell expressed little worry about inflation.Read more: Here's why inflation is kryptonite for bonds as Powell's comments rock markets

Stock futures little changed after a steep sell-off on Wall Street amid surging bond yields

Created: Fri, 05 Mar 2021 05:59:24 GMT

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The move in futures followed a sharp sell-off triggered by Federal Reserve Chair Jerome Powell's remarks on rising bond yields.Read more: Stock futures little changed after a steep sell-off on Wall Street amid surging bond yields

Senate takes first step toward passing $1.9 trillion Covid relief bill — here's what happens next

Created: Fri, 05 Mar 2021 01:07:42 GMT

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Senate Democrats hope to pass the $1.9 trillion coronavirus relief bill by this weekend as they try to renew unemployment aid programs.Read more: Senate takes first step toward passing $1.9 trillion Covid relief bill — here's what happens next

A sand shortage? The world is running out of a crucial — but under-appreciated — commodity

Created: Fri, 05 Mar 2021 06:14:55 GMT

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The world is facing a shortage of sand — and climate scientists say it constitutes one of the greatest sustainability challenges of the 21st century.Read more: A sand shortage? The world is running out of a crucial — but under-appreciated — commodity

Cramer warns a looming 'stock glut' will put more pressure on markets

Created: Thu, 04 Mar 2021 23:40:52 GMT

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"The stock market is about to have a serious oversupply problem with no concomitant buybacks or dividends to fall back on this moment," Jim Cramer said. Read more: Cramer warns a looming 'stock glut' will put more pressure on markets

China spending on research and development to rise 7% per year in push for major tech breakthroughs

Created: Fri, 05 Mar 2021 05:35:08 GMT

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China is going to focus on developing a number of technology areas including semiconductors, health care, quantum computing and cloud computing.Read more: China spending on research and development to rise 7% per year in push for major tech breakthroughs

U.S. oil production won't return to pre-pandemic levels, says Occidental CEO

Created: Thu, 04 Mar 2021 22:39:56 GMT

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Occidental CEO Vicki Hollub says the recovery in crude oil demand is happening faster-than-expected, but she doesn't see a return to pre-Covid levels in the US.Read more: U.S. oil production won't return to pre-pandemic levels, says Occidental CEO

China sets 2021 GDP growth target of more than 6% as premier warns of 'formidable tasks' in finance

Created: Fri, 05 Mar 2021 03:39:47 GMT

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Chinese Premier Li Keqiang said the nation aimed for an urban unemployment rate of around 5.5% and targeted the creation of more than 11 million new urban jobs.Read more: China sets 2021 GDP growth target of more than 6% as premier warns of 'formidable tasks' in finance

Mark Cuban: Crazy NFT prices 'will settle down' over time, but the tech is here to stay

Created: Thu, 04 Mar 2021 19:21:34 GMT

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Mark Cuban has been at the forefront of the wave of interest in blockchain tech and NFTs, or non-fungible tokens, which he says is "here to stay."Read more: Mark Cuban: Crazy NFT prices 'will settle down' over time, but the tech is here to stay

Cramer says investors are in denial about stocks: 'The sell-off is real'

Created: Fri, 05 Mar 2021 00:10:47 GMT

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The stock market rally can't resume until investors work through the five stages of grief, CNBC's Jim Cramer said.Read more: Cramer says investors are in denial about stocks: 'The sell-off is real'

Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss

Created: Fri, 05 Mar 2021 00:48:18 GMT

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Gap Inc. is calling for a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel. Read more: Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss

Employers likely added more jobs in February, but economists say there’s no bounce back yet

Created: Thu, 04 Mar 2021 20:43:44 GMT

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Hiring likely improved in February, but winter weather could have hampered some activity.Read more: Employers likely added more jobs in February, but economists say there’s no bounce back yet

U.S. stocks fall after Powell's inflation warning — Here's what investors are watching now

Created: Thu, 04 Mar 2021 22:53:47 GMT

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U.S. stocks tumbled after Fed Chairman Jerome Powell said the reopening could cause temporary inflation. Here's what investors are saying about the markets.Read more: U.S. stocks fall after Powell's inflation warning — Here's what investors are watching now

U.S. imposes trade sanctions on Myanmar, calls on China to help end coup as violence escalates

Created: Fri, 05 Mar 2021 00:39:53 GMT

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State Department strongly condemns the increase violence against protestors in Myanmar, suggests further action is comingRead more: U.S. imposes trade sanctions on Myanmar, calls on China to help end coup as violence escalates

Fauci says military members who opt out of Covid vaccine are inadvertently 'part of the problem'

Created: Fri, 05 Mar 2021 01:14:30 GMT

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The military has tasked thousands of service members to help vaccinate communities across the nation.Read more: Fauci says military members who opt out of Covid vaccine are inadvertently 'part of the problem'

This mother of three started a soap company after school closures forced her to quit her job

Created: Thu, 04 Mar 2021 23:16:31 GMT

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Tiffany Dangerfield quit her job at FedEx after the Covid shutdown closed her three children's school indefinitely. Now she uses Etsy to make extra cash. Read more: This mother of three started a soap company after school closures forced her to quit her job

China has given away millions in its digital yuan trials. This is how it works

Created: Fri, 05 Mar 2021 02:59:59 GMT

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The People's Bank of China has been developing the digital yuan, a so-called central bank digital currency that aims to replace some of the cash in circulation.Read more: China has given away millions in its digital yuan trials. This is how it works

Here's a look at Dispo, the invite-only picture sharing app everyone's talking about

Created: Thu, 04 Mar 2021 22:22:52 GMT

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It was created by David Dobrik, a popular YouTuber who gained early fame on the now-defunct social network Vine. Read more: Here's a look at Dispo, the invite-only picture sharing app everyone's talking about

Why Amazon joined the fight over NFL broadcasting rights

Created: Thu, 04 Mar 2021 19:56:23 GMT

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Amazon is nearing a deal to produce all Thursday night NFL games for its Prime Video service, which could boost its Prime subscription service and its ad unit.Read more: Why Amazon joined the fight over NFL broadcasting rights

10-year Treasury yield jumps back above 1.5% after Powell comments on inflation

Created: Thu, 04 Mar 2021 21:26:08 GMT

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The 10-year U.S. Treasury yield rose on Thursday. Read more: 10-year Treasury yield jumps back above 1.5% after Powell comments on inflation

Kroger CEO says he expects normal levels of food inflation in 2021 but that prices may be volatile

Created: Thu, 04 Mar 2021 22:34:01 GMT

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Kroger CEO Rodney McMullen told CNBC on Thursday he does not anticipate problematic food inflation in 2021 but that month-to-month prices may be volatile.Read more: Kroger CEO says he expects normal levels of food inflation in 2021 but that prices may be volatile

Dow falls more than 300 points as Powell fails to ease rate fears, Nasdaq goes negative on the year

Created: Thu, 04 Mar 2021 22:38:59 GMT

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Some investors were disappointed that Powell didn't make a strong hint of any changes in asset purchases by the Fed to contain the rapid increase in rates.Read more: Dow falls more than 300 points as Powell fails to ease rate fears, Nasdaq goes negative on the year

The Trade Desk stock drops 20% in two days after Google clarifies ad-tracking policy

Created: Thu, 04 Mar 2021 23:58:29 GMT

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Google's post Wednesday warned against solutions "like PII graphs based on people's email addresses," casting doubt on the future of some ad-tech proposals.Read more: The Trade Desk stock drops 20% in two days after Google clarifies ad-tracking policy

SPACs are becoming less of a sure thing as the deals get stranger, shares roll over

Created: Fri, 05 Mar 2021 01:09:54 GMT

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Sponsors are rushing to get their deals done in an increasingly crowded space with nearly 60 SPACs identifying their merger targets in February alone.Read more: SPACs are becoming less of a sure thing as the deals get stranger, shares roll over

Somebody hijacked Salesforce's LinkedIn account and posted support for Black Lives Matter

Created: Thu, 04 Mar 2021 20:57:34 GMT

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The incident comes after two Black Salesforce employees pointed to workplace issues in resignation letters they published on LinkedIn.Read more: Somebody hijacked Salesforce's LinkedIn account and posted support for Black Lives Matter

Biden climate envoy John Kerry talking to banks, asset managers about mobilizing capital for clean energy

Created: Thu, 04 Mar 2021 23:22:49 GMT

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The private and public sectors must collaborate to combat climate change by investing in sustainable energy and technology, Biden climate czar John Kerry said.Read more: Biden climate envoy John Kerry talking to banks, asset managers about mobilizing capital for clean energy

SpaceX denounces Justice Department’s subpoena in hiring practices investigation as 'government overreach'

Created: Thu, 04 Mar 2021 23:33:43 GMT

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SpaceX denounced the Department of Justice's subpoena for corporate hiring records, saying the inquiry "is the very definition of government overreach."Read more: SpaceX denounces Justice Department’s subpoena in hiring practices investigation as 'government overreach'

YouTube CEO says the platform will lift Trump's suspension when risk of violence drops

Created: Thu, 04 Mar 2021 20:53:22 GMT

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Susan Wojcicki said it's still unclear when the ban would be lifted due the still "elevated risk of violence."Read more: YouTube CEO says the platform will lift Trump's suspension when risk of violence drops

Ford quietly begins production of new 'C' pickup in Mexico

Created: Thu, 04 Mar 2021 19:00:03 GMT

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The pickup – potentially named Maverick – is expected to be smaller than Ford's current Ranger model.Read more: Ford quietly begins production of new 'C' pickup in Mexico

Frozen fund for Jeffrey Epstein victims needs $50M sale of sex criminal's NY mansion to go through, lawyer says

Created: Thu, 04 Mar 2021 21:06:29 GMT

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A fund for victims of the late Jeffrey Epstein, a former friend of Donald Trump and Bill Clinton, has been frozen because of liquidity problems with his estate.Read more: Frozen fund for Jeffrey Epstein victims needs $50M sale of sex criminal's NY mansion to go through, lawyer says

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