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 story : Bed Bath & Beyond launches its fifth private brand this year #FinanceUSA #StockMarketNEWS Bed Bath & Beyond Inc. has launched its fifth owned brand this year, Wild Sage, which covers a broad assortment

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Bed Bath & Beyond launches its fifth private brand this year #FinanceUSA #StockMarketNEWS
Bed Bath & Beyond Inc. has launched its fifth owned brand this year, Wild Sage, which covers a broad assortment of home goods geared towards younger shoppers, including college students and Gen Z. Timed for the launch of the back-to-school shopping season, the brand includes sheets, towels and lighting. Bedding is priced from to , decor is priced from to 0 and bath items from to . Other brands launched at Bed Bath & Beyond this year include Simply Essential and Haven. Bed Bath & Beyond shares have rallied 64.7% for the year to date while the S&P 500 index is up 13.1% for the period.


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 story : Southwest Airlines names CEO successor #FinanceUSA #StockMarketNEWS Southwest Airlines Co. said Wednesday that Robert Jordan will succeed Gary Kelly as chief executive, effective Feb. 1, 2022. Jordan

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Southwest Airlines names CEO successor #FinanceUSA #StockMarketNEWS
Southwest Airlines Co. said Wednesday that Robert Jordan will succeed Gary Kelly as chief executive, effective Feb. 1, 2022. Jordan has been with the company since 1988 and has served in a number of roles including executive vice president of corporate services. Most recently, he led the voluntary leave and early separation programs during the pandemic, which the company says helped it to avoid furloughs and layoffs. Kelly will move into the executive chairman role in 2022, where he plans to remain until 2026. He has been with the company for 35 years, and has served as CEO since 2004. Southwest stock has gained 18.4% for the year to date while the S&P 500 index is up 13.1% for the period.


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 story : EIA reports a nearly 8 million-barrel decline in U.S. crude supplies #FinanceUSA #StockMarketNEWS The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 7.6

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EIA reports a nearly 8 million-barrel decline in U.S. crude supplies #FinanceUSA #StockMarketNEWS
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell by 7.6 million barrels for the week ended June 18. On average, analysts polled by S&P Global Platts forecast a decline of 6.3 million barrels for crude stocks, while the American Petroleum Institute on Tuesday reported a 7.2 million-barrel decrease, according to sources. The EIA also reported that gasoline supplies fell by 2.9 million barrels, while distillate stockpiles rose by 1.8 million barrels for the week. The S&P Global Platts survey forecast supply increases of 1.3 million barrels for gasoline and 1 million barrels for distillates. The EIA data also showed crude stocks at the Cushing, Okla., storage hub declined by 1.9 million barrels for the week. Oil prices pared some of their early gains, with August West Texas Intermediate crude up 83 cents, or 1.1%, at .68 a barrel on the New York Mercantile Exchange. Futures were trading at .80 before the supply data.


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 story : Amazon's Prime Day event kicks off the back-to-school shopping season with 600,000 backpacks and 240,000 notebooks sold #FinanceUSA #StockMarketNEWS Amazon.com Inc.'s Prime Day event has kicked

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Amazon's Prime Day event kicks off the back-to-school shopping season with 600,000 backpacks and 240,000 notebooks sold #FinanceUSA #StockMarketNEWS
Amazon.com Inc.'s Prime Day event has kicked off the back-to-school shopping season with 600,000 backpacks, 240,000 notebooks, 40,000 calculators, and 220,000 Crayola products sold. As in most years, technology was a hot category, with one million laptops sold, and Amazon devices among the top sellers. The Waterpik Electric Water Flosser, Orgain plant-based protein powder and 23andMe DNA tests were best sellers in the U.S. Also similar to previous years, Amazon did not release a Prime Day sales tally, but the e-commerce giant emphasized small business sales. In the two weeks leading up to Prime Day, Amazon says customers spent .9 billion on more than 70 million products sold by small businesses. Last year, Prime Day was pushed back to October due to COVID-19. Amazon stock is up 8% for the year to date while the S&P 500 index has gained 13.2% for the period.


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 story : Stocks open slightly higher as Nasdaq builds on record close #FinanceUSA #StockMarketNEWS Stocks opened slightly higher Wednesday, with the Nasdaq Composite building on the previous session's record

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Stocks open slightly higher as Nasdaq builds on record close #FinanceUSA #StockMarketNEWS
Stocks opened slightly higher Wednesday, with the Nasdaq Composite building on the previous session's record close and the S&P 500 traded near record territory a day after Federal Reserve Chairman Jerome Powell emphasized the central bank still expects inflation pressures to prove transitory. The Dow Jones Industrial Average was up around 17 points, or less than 00.1%, near 33,962. The S&P 500 rose 0.1% to 4,251.78, not far off its record close of 4,255.15 set on June 14. The Nasdaq , meanwhile, rose 0.3% to trade at 14,295.33.


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 story : UPDATE: Carnival to add two ships to fleet by 2023, resumes sailings in U.S., Caribbean and Europe #FinanceUSA #StockMarketNEWS Carnival Cruise Line, part of Carnival Corp. , said Wednesday it will

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UPDATE: Carnival to add two ships to fleet by 2023, resumes sailings in U.S., Caribbean and Europe #FinanceUSA #StockMarketNEWS
Carnival Cruise Line, part of Carnival Corp. , said Wednesday it will two ships to its fleet by 2023, by taking the delivery of an Excel-class ship previously intended for its sister line AIDA Cruises that is expected to arrive in late 2023, as well as the Costa Magica from another European sister line that will arrive in mid-2022. The two are in addition to the Mardi Gras, the company's first LNG-powered ship due to sail from Port Canaveral on July 31 and the sister ship Carnival Celebration that will sail from Miami in late 2022. That will bring the Carnival fleet to 27 ships by the end of 2023. "While our immediate focus is on our restart of guest operations this summer, this is another cause for excitement at Carnival, and we will be announcing more detailed plans about homeports, itineraries and ship names very soon," said Christine Duffy, president of Carnival Cruise Line, in a statement. Separately, Carnival said its brands have resumed cruises in the U.S., Caribbean and Europe. Shares have gained about 30% in the year to date, while the S&P 500 has gained 13%.


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 story : Study: There were at least 17 million undiagnosed COVID-19 cases in the U.S. through July 2020 #FinanceUSA #StockMarketNEWS There were likely up to 17 million undiagnosed cases of COVID-19 in the U.S.

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Study: There were at least 17 million undiagnosed COVID-19 cases in the U.S. through July 2020 #FinanceUSA #StockMarketNEWS
There were likely up to 17 million undiagnosed cases of COVID-19 in the U.S. through July 2020, based on new research that says the number of COVID-19 cases in the U.S. most likely exceeded the number of reported cases. The National Institutes of Health said Wednesday that for every 1 diagnosed case of COVID-19, there were 4.8 undiagnosed cases during the first six months of the pandemic in the U.S. This is thought to include many of the asymptomatic cases that contributed to the spread of the virus. The results came from a cohort of about 8,000 people who submitted blood samples for antibody analysis as part of the NIH SARS-CoV-2 Seroprevalence Project. The study was published Tuesday in Science Translational Medicine.


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 story : EA to purchase WarnerMedia's Playdemic gaming studio for .4 billion #FinanceUSA #StockMarketNEWS Electronic Arts Inc. plans to acquire mobile-gaming studio Playdemic, which is currently owned by

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EA to purchase WarnerMedia's Playdemic gaming studio for .4 billion #FinanceUSA #StockMarketNEWS
Electronic Arts Inc. plans to acquire mobile-gaming studio Playdemic, which is currently owned by AT&T Inc.'s Warner Media, for .4 billion in cash. Playdemic, which developed the game "Golf Clash," will factor into EA's mobile-games portfolio, as the gaming powerhouse looks to bolster its sports content. "In addition to the ongoing success of 'Golf Clash,' the talent, technology and expertise of Playdemic will be a powerful combination with our teams and IP [intellectual property] at Electronic Arts," EA Chif Executive Andrew Wilson said in a Wednesday release announcing the deal. "This is the next step building on our strategy to expand our sports portfolio and accelerate our growth in mobile to reach more players around the world with more great games and content." The remainder of WarnerMedia's gaming portfolio is included in a deal announced last month that will combine WarnerMedia with Discovery Inc. .


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 story : Sabre delivers upbeat outlook as travel landscape improves #FinanceUSA #StockMarketNEWS Sabre Corp. said Wednesday that it expects better sequential revenue performance in the second quarter relative

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Sabre delivers upbeat outlook as travel landscape improves #FinanceUSA #StockMarketNEWS
Sabre Corp. said Wednesday that it expects better sequential revenue performance in the second quarter relative to the first quarter as the travel landscape improves. The company, which makes software for the travel industry, issued an outlook calling for 0 million to 0 million in second-quarter revenue, while the three analysts surveyed by FactSet were expecting 1 million on average. Sabre cited "higher travel volumes" in its Wednesday filing with the Securities and Exchange Commission. The company also disclosed that its business mix for the second quarter was expected to be more skewed toward domestic leisure bookings, which it said generate below-average unit revenue and profit. Shares have gained 65% over the past 12 months as the S&P 500 has risen 36%.


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 story : Biogen now says it plans to complete 'confirmatory' study for Alzheimer's drug earlier than required #FinanceUSA #StockMarketNEWS Shares of Biogen Inc. were up 0.8% in premarket trading on Wednesday

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Biogen now says it plans to complete 'confirmatory' study for Alzheimer's drug earlier than required #FinanceUSA #StockMarketNEWS
Shares of Biogen Inc. were up 0.8% in premarket trading on Wednesday after the company and Eisai Inc. said they plan to speed up the completion of what is called a "confirmatory" clinical trial for its recently approved Alzheimer's disease treatment. In the weeks since the drug's approval in the U.S., Aduhelm has faced criticism over how it was priced and whether or not the clinical data were strong enough to support the approval. In the new statement, the companies said they they now plan to complete the confirmatory study in advance of the 2029 deadline. They also said they do not plan to raise Aduhelm's price for four years. The drug currently has an annual cost of ,000. Up to 2 million people with mild Alzheimer's disease are considered potential patients for this drug. Biogen's stock is up 52.9% so far this year, while the broader S&P 500 is up 13.0%.


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 story : Nasdaq Composite ekes out another record close as Dow, S&P 500 edge lower #FinanceUSA #StockMarketNEWS Stocks ended mostly lower Wednesday, though the Nasdaq Composite eked out its second consecutive

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Nasdaq Composite ekes out another record close as Dow, S&P 500 edge lower #FinanceUSA #StockMarketNEWS
Stocks ended mostly lower Wednesday, though the Nasdaq Composite eked out its second consecutive record finish. The Dow Jones Industrial Average fell around 72 points, or 0.2%, to finish near 33,873, according to preliminary figures. The S&P 500 closed near 4,242, a delcine of around 5 points, or 0.1%. The Nasdaq edged up around 18 points, or 0.1%, to end near 14,272, marking its 16th record close of 2021.


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 story : Penn National Gaming to offer 0 million of 8-year high-yield bonds, offers upbeat revenue guidance #FinanceUSA #StockMarketNEWS Penn National Gaming Inc. said Thursday it is offering 0 million

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Penn National Gaming to offer 0 million of 8-year high-yield bonds, offers upbeat revenue guidance #FinanceUSA #StockMarketNEWS
Penn National Gaming Inc. said Thursday it is offering 0 million of 8-year, high-yield bonds in a private offering. The casino operator said proceeds will be used for general corporate purposes. The company expects revenue for the three months ended June 20 to range from .450 billion to .555 billion, which compares with a FactSet consensus of .365 billion. Shares were up 2.6% premarket, but have fallen 11% in the year to date, while the S&P 500 has gained 13%.


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 story : Best Buy pledges .2 billion to diversify its supply chain, will dedicate 10% of media spend to diverse outlets #FinanceUSA #StockMarketNEWS Best Buy Co. Inc. announced a pledge on Thursday to spend

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Best Buy pledges .2 billion to diversify its supply chain, will dedicate 10% of media spend to diverse outlets #FinanceUSA #StockMarketNEWS
Best Buy Co. Inc. announced a pledge on Thursday to spend .2 billion with Black, Indigenous and people of color (BIPOC) businesses to diversify its supply chain and improve representation at tech companies. The commitment is one part of the company's plan to create racial and social change within the company, according to a statement from Corie Barry, Best Buy chief executive. "We better serve our customers, employees and communities when there are more diverse voices at the table, businesses we work with and stories being told," she said. The consumer electronics retailer will also commit 10% of its annual media spend to diverse outlets by 2025, ensure that a minimum of 30% of its paid advertising features BIPOC, LGBTQ+ and diverse abilities casting and family units and engage with BIPOC businesses to help them grow. Best Buy stock has gained 11.5% for the year to date while the S&P 500 index is up 13% for the period.


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 story : Five Below expands partnership with Instacart for same-day delivery #FinanceUSA #StockMarketNEWS Five Below Inc. announced an expansion of its partnership with Instacart, providing same-day delivery

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Five Below expands partnership with Instacart for same-day delivery #FinanceUSA #StockMarketNEWS
Five Below Inc. announced an expansion of its partnership with Instacart, providing same-day delivery service from more than 1,100 stores. Five Below and Instacart launched a pilot of the partnership in December 2020, including select stores in Baltimore, Buffalo, Chicago, Cleveland, and Detroit, as well as locations in Florida, California and Texas. Customers can use the service by ordering from Instacart's website or app. Five Below shares have gained nearly 12% for the year to date while the S&P 500 index is up 13% for the period.


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 story : Sprinklr stock set to start trading, as downsized IPO priced below expected range #FinanceUSA #StockMarketNEWS Sprinklr Inc.'s downsized initial public offering priced below the expected range, lowering

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Sprinklr stock set to start trading, as downsized IPO priced below expected range #FinanceUSA #StockMarketNEWS
Sprinklr Inc.'s downsized initial public offering priced below the expected range, lowering what the customer-experience software company raised to 6 million from a previous expectation of up to 0 million. The company said overnight that it sold 16.625 million shares in the IPO which priced at a share, compared with a previous expectation of an offering of 19.000 million shares to price between and a share. At the IPO pricing, Sprinklr was valued at .01 billion. The stock is expected to begin trading Wednesday on the NYSE under the ticker symbol "CXM." Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities are the lead book-running managers. The company recorded a net loss of .8 million on revenue of 6.9 million for the fiscal year ended Jan. 31, after a loss of .1 million on revenue of 4.3 million the year before. The company is going public at a time that the Renaissance IPO ETF has gained 2.7% over the past three months while the S&P 500 has advanced 8.6%.


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 story : Tesla rival Xpeng announces global offering of 85 million shares, including 4.25 million in Hong Kong #FinanceUSA #StockMarketNEWS Chinese electric-car maker Xpeng Inc. said Thursday it is planning

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Tesla rival Xpeng announces global offering of 85 million shares, including 4.25 million in Hong Kong #FinanceUSA #StockMarketNEWS
Chinese electric-car maker Xpeng Inc. said Thursday it is planning a global offering of 85 million Class A shares, split between an international offering of 80.75 million shares and a Hong Kong offering of 4.25 million shares. The Tesla rival is already listed on the New York Stock Exchange and has a market value of more than billion. It won approval for an offering from Hong Kong regulators this week, The Wall Street Journal reported, citing a person familiar with the situation. Its U.S.-listed shares were up about 1% in premarket trade. There are eight banks underwriting the global offering, led by JP Morgan and BofA Securities. Proceeds will be used to invest in its proprietary software, including its Xpilot and Xmart operating systems, to develop new models and upgrade its hardware, for other technology investments, marketing and to expand its network of stores and charging stations. China is a key market for electric vehicles, and new entrants such as Xpeng and NIO have emerged in recent years as rivals to Elon Musk's Tesla. Earlier this year, China raced past Europe to reclaim its spot as the world's largest market for electric vehicles, according to analyst research.


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 story : CORRECTED: Sprinklr shares soar 11% in trading debut after downsizing IPO and pricing below range #FinanceUSA #StockMarketNEWS Sprinklr Inc.'s shares rose 11% in their trading debut Wednesday, after

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CORRECTED: Sprinklr shares soar 11% in trading debut after downsizing IPO and pricing below range #FinanceUSA #StockMarketNEWS
Sprinklr Inc.'s shares rose 11% in their trading debut Wednesday, after the company's downsized initial public offering priced below the expected range, lowering what the customer-experience software company raised to 6 million from a previous expectation of up to 0 million. The company said overnight that it sold 16.625 million shares in the IPO which priced at a share, compared with a previous expectation of an offering of 19.000 million shares to price between and a share. At the IPO pricing, Sprinklr was valued at .01 billion. The stock is trading on the NYSE under the ticker symbol "CXM." Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities were the lead book-running managers. The company recorded a net loss of .8 million on revenue of 6.9 million for the fiscal year ended Jan. 31, after a loss of .1 million on revenue of 4.3 million the year before. The company is going public at a time that the Renaissance IPO ETF has gained 3.5 over the past three months while the S&P 500 has advanced 8.6%.


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 story : Accenture's stock surges toward a record after profit and revenue beats, raised outlook #FinanceUSA #StockMarketNEWS Shares of Accenture PLC rallied 3.6% toward record territory in premarket trading

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Accenture's stock surges toward a record after profit and revenue beats, raised outlook #FinanceUSA #StockMarketNEWS
Shares of Accenture PLC rallied 3.6% toward record territory in premarket trading Thursday, after the management consulting company reported fiscal third-quarter profit and revenue that beat expectations, and raised its full-year outlook, citing demand for digital transformation. Net income for the quarter to May 31 rose to .55 billion, or .40 a share, from .23 billion, or .90 a share, in the year-ago period. The FactSet consensus for earnings per share was .40. Revenue grew 20.7% to .26 billion, above the FactSet consensus of .81 billion, with gross margin improving to 33.2% from 32.1%. New bookings jumped 39% to .4 billion, including 30% growth in consulting bookings and a 52% rise in outsourcing bookings. For fiscal 2021, the company raised its adjusted EPS guidance range to .71 to .80 from .32 to .50, and its outlook for operating cash flow to .65 billion to .15 billion from .65 billion to .15 billion. The stock, which is on track to open above the April 29 record close of 2.54, has gained 9.4% year to date through Wednesday, while the S&P 500 has advanced 12.9%.


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 story : Rite Aid's stock sinks after profit beats, but revenue comes up shy #FinanceUSA #StockMarketNEWS Shares of Rite Aid Corp. sank 5.5% in premarket trading Thursday, after the drugstore chain beat fiscal

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Rite Aid's stock sinks after profit beats, but revenue comes up shy #FinanceUSA #StockMarketNEWS
Shares of Rite Aid Corp. sank 5.5% in premarket trading Thursday, after the drugstore chain beat fiscal first-quarter profit expectations but came up shy on revenue, amid weakness in the pharmacy services business, while also providing a mixed full-year outlook. The net loss for the quarter to May 29 narrowed to .1 million, or 24 cents a share, from .5 million, or .19 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 38 cents, above the FactSet consensus of 28 cents. Revenue grew 2.2% to .16 billion, below the FactSet consensus of .20 billion, as retail pharmacy revenue rose 5.5% to .35 billion while pharmacy services revenue declined 5.3% to .87 billion. For fiscal 2022, the company expects an adjusted per-share loss of 79 cents to 24 cents and revenue of .1 billion to .5 billion, compared with the FactSet consensus for a per-share profit of 64 cents and revenue of .66 billion. The stock has dropped 12.5% over the past three months through Wednesday, while the S&P 500 has gained 9.1%.


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 story : Bright Health offers 51.35 million shares in downsized IPO priced at each, below price range #FinanceUSA #StockMarketNEWS Bright Health Group said its downsized initial public offering priced

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Bright Health offers 51.35 million shares in downsized IPO priced at each, below price range #FinanceUSA #StockMarketNEWS
Bright Health Group said its downsized initial public offering priced at a share, below its proposed price range of to . The company sold 51.35 million shares to raise about 4.3 million, compared with its original plan to offer 60 million shares. The shares will start trading later Thursday on the New York Stock Exchange under the ticker "BHG." Based on an expected 624 million shares outstanding after the deal closes, the company has a valuation of more than billion. There were nine banks underwriting the deal, led by JP Morgan and Goldman Sachs. Proceeds of the deal will bs used to repay debt and for working capital and other general corporate purposes, the company says in its IPO filing documents. "Bright Health was founded in 2015 to transform healthcare," the documents say. "Our mission of Making Healthcare Right. Together. is built upon the belief that by connecting and aligning the best local resources in healthcare delivery with the financing of care, we can drive a superior consumer experience, reduce systemic waste, lower costs, and optimize clinical outcomes."


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 story : Brunswick to spend .1 billion to buy Norway-based Navico #FinanceUSA #StockMarketNEWS Brunswick Corp. announced Thursday an agreement to buy Norway-based marine electronics and sensors maker Navico

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Brunswick to spend .1 billion to buy Norway-based Navico #FinanceUSA #StockMarketNEWS
Brunswick Corp. announced Thursday an agreement to buy Norway-based marine electronics and sensors maker Navico for .05 billion. With the purchase of Navico, which had revenue of 0 million in the trailing 12-month period ended May 31, Brunswick will add the Lowrance, Simrad, B&G and C-MAP brands to its Advanced Systems Group. "The acquisition of Navico and its award-winning brands will immediately accelerate Brunswick's ACES (Autonomy, Connectivity, Electrification and Shared-Access) strategy, and support our vision to deliver distinctive new products and technology-enabled experiences," said Chief Executive Dave Foulkes. Brunswick said it plans to fund the deal through a combination of cash on its balance sheet and debt. Brunswick's stock, which was still inactive in premarket trading, has rallied 26.3% year to date, while the S&P 500 has advanced 12.9%.


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 story : Coronavirus tally: Global cases of COVID-19 head toward 180 million and death toll edges closer to 4 million #FinanceUSA #StockMarketNEWS The global tally for the coronavirus-borne illness headed

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Coronavirus tally: Global cases of COVID-19 head toward 180 million and death toll edges closer to 4 million #FinanceUSA #StockMarketNEWS
The global tally for the coronavirus-borne illness headed above 179.6 million on Thursday, according to data aggregated by Johns Hopkins University, while deaths climbed above 3.89 million. The U.S. continues to lead the world in total cases at 33.6 million, and by deaths that total 602,837. The number of fully vaccinated Americans rose to 150.8 million, or 45.4% of the total population, according to the latest data from the Centers of Disease Control and Prevention (CDC), up from 45.3% on Wednesday. The number of U.S. adults receiving at least one dose increased to 65.6% from 65.5%, as the vaccine drive continues to lose steam. CDC officials meeting to discuss rare cases of heart inflammation in mostly adolescents and young adults after receiving the Pfizer/BioNTech or Moderna vaccines acknowledged a likely link but said the benefits of the jabs still outweigh the risks. The U.S. Food and Drug Administration said it would move to add a warning about the rare condition to the vaccines,Reuters reported.
On a global basis, India is second in total cases at 30 million and third by fatalities at 391,981, although those numbers are expected to be undercounted given a shortage of tests. Brazil has the third-highest caseload at 18.2 million, according to JHU data, and is second in deaths at 507,109. Brazil counted a record of 115,228 new cases in a single day, AFP reported, confirming that a third wave is now underway. Mexico has fourth-highest death toll at 231,847 and 2.5 million cases. In Europe, Russia has overtaken the U.K. by deaths. Russia has 129,278 fatalities, while the U.K. has 128,291, making Russia the country with the fifth-highest death toll in the world and highest in Europe. Russia reported 20,182 new cases on Thursday, its highest daily total since Jan 24.


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 story : BP downgraded by HSBC as investors have yet to embrace climate shift #FinanceUSA #StockMarketNEWS Oil major BP was downgraded to hold from buy at HSBC, and its target price lowered to 360 pence from

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BP downgraded by HSBC as investors have yet to embrace climate shift #FinanceUSA #StockMarketNEWS
Oil major BP was downgraded to hold from buy at HSBC, and its target price lowered to 360 pence from 365 pence, which said it will take years to change market perceptions about its ability to fund the transition to a lower-emissions world. "The key issue for BP is how to sustain group free
cash flow when upstream volumes are set to fall by 40% through 2030," said analysts led by Gordon Gray, who nonetheless expressed optimism BP could do so. Buybacks and higher cash flows are so far failing to provide a catalyst, the analysts added.


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 story : Canada Goose is going fur-free and will cease buying fur by year-end #FinanceUSA #StockMarketNEWS Canada Goose Holdings Inc. said Thursday it is committing to going fur-free and will stop buying fur

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Canada Goose is going fur-free and will cease buying fur by year-end #FinanceUSA #StockMarketNEWS
Canada Goose Holdings Inc. said Thursday it is committing to going fur-free and will stop buying fur by the end of 2021 and cease manufacturing with it no later than the end of 2022. "Our focus has always been on making products that deliver exceptional quality, protection from the elements, and perform the way consumers need them to; this decision transforms how we will continue to do just that," Chief Executive Dani Reiss said in a statement. Earlier this year, the maker of outdoor jackets launched a new, more sustainable parka called the Standard Expedition Parka, and launched new lightweight down jackets, called the Cypress and Crofton. The company said the parka generates 30% less carbon and uses 65% less water during production. The two jackets are made with recycled nylon. In 2019, Canada Goose announced its commitments to achieve net-zero carbon emissions and to reduce emissions by more than 80% from current levels by 2025. Shares were up 1.7% premarket and have gained 37% in the year to date, while the S&P 500 has gained 13%.


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 story : Yellen says extraordinary measures to avoid default could run out in August #FinanceUSA #StockMarketNEWS Treasury Secretary Janet Yellen on Wednesday urged Congress to raise or suspend the U.S. debt

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Yellen says extraordinary measures to avoid default could run out in August #FinanceUSA #StockMarketNEWS
Treasury Secretary Janet Yellen on Wednesday urged Congress to raise or suspend the U.S. debt limit, saying failure to do so would have "catastrophic" consequences for the U.S. economy. Speaking at a Senate hearing on the Treasury's budget, Yellen said she would plead with Congress to raise the limit "as soon as possible." A suspension of the debt limit expires after July 31. The Treasury would after that have to take so-called extraordinary measures to prevent the U.S. from defaulting, and Yellen told lawmakers that the point of default could come in August. Yellen earlier this year said her department was concerned that such measures would last a limited time.


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 story : Olive Garden parent Darden Restaurants reports same-restaurant sales nearly at 2019 level #FinanceUSA #StockMarketNEWS Darden Restaurants Inc. reported fiscal fourth-quarter net income of 8.5 million,

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Olive Garden parent Darden Restaurants reports same-restaurant sales nearly at 2019 level #FinanceUSA #StockMarketNEWS
Darden Restaurants Inc. reported fiscal fourth-quarter net income of 8.5 million, or .78 per share, after a loss of 0.0 million, or .86 per share, last year. Adjusted EPS of .03 beat the FactSet consensus for .79. Sales of .28 billion were up from .27 billion last year and ahead of the FactSet consensus for .20 billion. Same-restaurant sales nearly doubled, up 90.4%, with Olive Garden up 61.9%, Longhorn Steakhouse up 107.5% and the fine dining category up 143.6%. The FactSet consensus was for consolidated same-restaurant sales growth of 88%. Compared to 2019, same-restaurant sales were down 0.5%, with Longhorn Steakhouse up 13.5% from the same period in 2019. For fiscal 2022, Darden is guiding for sales of .2 billion to .5 billion, same-restaurant sales growth of 25% to 29% and earnings of .00 to .50 per share. The FactSet consensus is for sales of .26 billion, same-restaurant sales growth of 29.4% and EPS of .17. Darden stock slipped 0.3% in Thursday premarket trading, but has gained 13.7% for the year to date. The S&P 500 index is up 13% for 2021 so far.


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 story : Taco Bell tests a plant-based Chalupa option to reach the 'veggie-curious' #FinanceUSA #StockMarketNEWS Taco Bell said Wednesday that is testing the Naked Chalupa with Crispy Plant-Based Shell, another

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Taco Bell tests a plant-based Chalupa option to reach the 'veggie-curious' #FinanceUSA #StockMarketNEWS
Taco Bell said Wednesday that is testing the Naked Chalupa with Crispy Plant-Based Shell, another menu addition to reach vegetarian, vegan and "veggie-curious" customers. This latest item will be available at one location in Irvine, Calif. starting June 27 while supplies last. The Naked Chalupa with Crispy Plant-Based Shell can be made with lettuce, cheddar cheese, diced tomatoes and avocado ranch sauce, or customers can add or remove items to meet their dietary needs. According to the Taco Bell website, a traditional Chalupa Supreme isn't made with the plant-based shell and can include seasoned beef, beans and sour cream. Taco Bell has previously partnered with plant-based protein company Beyond Meat Inc. and last year introduced "Veggie Mode," a menu of meat-free items that customers can order at self-ordering kiosks. Taco Bell is part of the Yum Brands Inc. portfolio. Yum stock is up 7.8% for the year to date while the S&P 500 index has gained 13.1% for the period.


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 story : Gold ends at highest price in a week #FinanceUSA #StockMarketNEWS Gold futures gained on Wednesday, with prices reversing their loss from a day earlier to settle at their highest in a week. Demand

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Gold ends at highest price in a week #FinanceUSA #StockMarketNEWS
Gold futures gained on Wednesday, with prices reversing their loss from a day earlier to settle at their highest in a week. Demand for gold is "slowly coming back as Wall Street grows more confident" that despite the Federal Reserve's "pivot over talking about removing stimulus, they are still probably years away from doing tightening," said Edward Moya, senior market analyst at Oanda. August gold rose , or 0.3%, to settle at ,783.40 an ounce, the highest most-active contract finish since June 16, FactSet data show.


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 story : Oil futures rise, with U.S. crude settling just above a barrel #FinanceUSA #StockMarketNEWS Oil futures settled higher on Wednesday, buoyed by U.S. government data that showed a 7.6 million-barrel

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Oil futures rise, with U.S. crude settling just above a barrel #FinanceUSA #StockMarketNEWS
Oil futures settled higher on Wednesday, buoyed by U.S. government data that showed a 7.6 million-barrel drop in domestic crude inventories for the week ended June 18. Oil production, as well as gasoline supplies, fell for the week, according to the Energy Information Administration. The numbers from the EIA can only be described as "bullish as crude inventories are at levels we haven't seen since March of last year," said Tariq Zahir, managing member at Tyche Capital Advisors. However, traders need to watch the OPEC+ meeting on July 1, he said, to see if the group agrees on a production increase. "Russia has already come out and hinted they want an increase in production," but Saudi Arabia is likely "quite happy with prices and where they are," said Zahir. The Saudis may "increase production to capture market share and prevent the fracture of the production cut agreements by other OPEC countries." West Texas Intermediate oil for August delivery edged up by 23 cents, or 0.3%, to settle at .08 a barrel on the New York Mercantile Exchange.


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 story : Fannie Mae and Freddie Mac shares dive after Supreme Court ruling #FinanceUSA #StockMarketNEWS Shares of Fannie Mae and Freddie Mac collapsed on Wednesdayafter the Supreme Court dismissed a challenge

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Fannie Mae and Freddie Mac shares dive after Supreme Court ruling #FinanceUSA #StockMarketNEWS
Shares of Fannie Mae and Freddie Mac collapsed on Wednesdayafter the Supreme Court dismissed a challenge from shareholders over the sweep of profits to the Treasury. The high court ruled that as the Federal Housing Finance Agency acts as a conservator, it may aim to rehabilitate the companies in a way that serves the public and not the companies' best interest. The Supreme Court did agree that the structure of the agency violates the separation of powers and didn't rule out some form of compensation for shareholders. Over-the-counter shares of Fannie Mae fell 32% and Freddie Mac shares lost 28%. One preferred class of Fannie Mae shares lost 61%.


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