Month: July 2020

As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
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Back in January, Jeff Bezos was so eager to hobnob with the Washington elite that he invited dozens of them to his $23m mansion even though parts of the property were still under renovation. The gathering of heavy hitters at the converted museum now dubbed the “Amazon embassy” included Ivanka Trump and Jared Kushner, Federal
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The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Upstream companies engage in the exploration and production (E&P) of crude oil and natural gas, which entails searching for oil below the ground and drilling wells in order to access those reserves. In
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During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
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Wilshire Lane brokered the acquisition of 15 Vanderbilt Avenue in Brooklyn, which is occupied by one … [+] of its portfolio companies, MealCo. Wilshire Lane Partners As institutional landlords grapple with vacant buildings, and real estate startups fight for survival, one 31-year-old venture capitalist is betting his firm on the category bouncing back. Stealth until
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Corporations and consumers globally use semiconductors—small conductors of electricity also known as semis or chips—in a millions of devices, including space vehicles, car computers, smartphones, medical equipment, appliances, and more. As electronic devices proliferate, companies that manufacture semiconductors continue to prosper. These companies tend to be driven by the goal of producing smaller, cheaper, and
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Bezos under fire over treatment of third-party sellers on Amazon Zuckerberg confronted with internal emails discussing ‘neutralising’ a competitor Pichai assailed for Google’s perceived reluctance to work with US military Cook defends Apple’s role as gatekeeper to App Store Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Sundar Pichai of Google’s parent company
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Unlikely as it may seem, there are some beneficiaries who prefer not to receive inherited assets. The reasons vary: Often the beneficiary would like the assets—such as a traditional or Roth IRA or other inherited retirement plan—to be given to someone else. Other times the intended beneficiary does not want to be taxed on the assets.
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FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday.  Apple, Amazon, Alphabet and Facebook — worth
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People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
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The Federal Reserve has warned the fate of the world’s largest economy would “depend significantly on the course of the virus” as the US central bank extended measures to deal with an international shortage of dollars. After a two-day meeting on Wednesday, the Federal Open Market Committee made no significant changes to monetary policy, holding
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No one wants to think about their own mortality, but purchasing life insurance can provide your loved ones with essential protection. If you pass away, your life insurance policy can cover your funeral and burial expenses, replace lost wages, and even pay off your existing mortgage. We know that ensuring your family has access to
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Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, according to people familiar with talks between the company and potential buyers — higher than other vaccine makers have agreed to charge governments. The price would apply to the US and other high-income countries, which the company intended to prioritise, said other
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Key Takeaways Adjusted EPS was $0.18 vs the $0.16 analysts expected. Gross margin rose in line with expectations. Revenue also matched expectations as AMD grew despite global economic troubles. What Happened AMD announced its Q2 2020 earnings on July 28, 2020, and reported slightly higher-than-expected profits. While its revenue and gross margin matched what analysts
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