Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell:  Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
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Thesis Summary The Communication Services Select Sector SPDR ETF (XLC) tracks the performance of the market-cap-weighted index of US telecommunication and media & entertainment components. I believe now is an excellent time to buy the fund. I expect it to continue to perform well in the economic downturn that is being predicted. Overall, it is
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Cryptocurrencies may render some outdated regulations obsolete, according to crypto-anarchist and white hat hacker Pavol Luptak. According to Luptak, “cryptocurrencies or crypto markets may undermine government laws and regulations that are obsolete for the 21st digital century.”  He said, “I can say the Space Age technology will help us to escape from the Bronze Age
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Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Snap — The social media company’s stock fell 5% in extended trading after itreleased its second-quarter financial results. The company reported a loss of 9 cents per share, in line with Refinitiv analysts’ estimate, and revenues of $454 million, compared to analysts’
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Kevin O’Leary told CNBC on Tuesday the U.S. government should not establish more relief programs for businesses impacted by the coronavirus and instead allow market forces decide which companies survive.  “As a result of the pandemic and people’s changes in purchase behavior, there is a new America emerging and the only way to feel that out
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Exceptional situations require exceptional efforts, said German chancellor Angela Merkel as she entered a fourth day of budget talks on Monday and, in the end, the EU made an exceptional effort.  After marathon and often fraught negotiations, the bloc’s leaders reached a momentous deal for a €750bn recovery fund, to help cushion the effects of
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The start of the trading day can be the difference between ending it with a plus or a minus in your account. Trading expert David Jones takes you step by step though the things you should check before your first trade of the day with Trading 212. Reviewing any open positions comes first, followed closely
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State tax law changes that improve Chicago’s prospects for developing its first casino will help efforts to cover rising pension contributions but the project falls short of solving the city’s budgetary and pension woes, according to Moody’s Investors Service. “The legislation marks an important step toward a new revenue source to help the city fund
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EU leaders are close to striking a deal on a landmark coronavirus recovery package that will involve the European Commission undertaking mass borrowing for the first time, as they attempt to relaunch the bloc’s recession-struck economies.  After days of sometimes bitter debate, the heads of the bloc’s governments have hammered out the bulk of a
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A coronavirus vaccine being developed by Oxford university and AstraZeneca has shown promise in an early trial. The vaccine generated “robust immune responses” and was “tolerated” among all patients in the study, AstraZeneca said on Monday. The trial, which involved 1,077 healthy adults, induced a strong antibody and T-cell response for at least 56 days,
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The changes are “disappointing,” said Charles Samuels of Mintz Levin, counsel to the National Association of Health & Educational Facilities Finance Authorities.Brian Tumulty, The Bond Buyer Nonprofits groups said Friday that several modifications to the Main Street Lending Program announced by the Federal Reserve may not be enough to provide access to credit for most
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