Month: August 2020

A firefighter rubs his head while watching the LNU Lightning Complex fires spread through the Berryessa Estates neighborhood of unincorporated Napa County, Calif., on Friday, Aug. 21, 2020. Noah Berger | AP Photo Some of California’s largest wildfires in state history are growing larger and more destructive, with no end in sight as emergency response
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Former Vice President Joe Biden, Democratic presidential nominee, speaks during the Democratic National Convention at the Chase Center in Wilmington, Delaware, U.S., on Thursday, Aug. 20, 2020. Stefani Reynolds | Bloomberg | Getty Images Joe Biden accepted the Democratic presidential nomination on Thursday night, which could be the beginning of a series of reforms for
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The Federal Emergency Management Agency, which is overseeing program funding, had approved 13 states to offer the extra unemployment benefits as of around noon ET on Friday.  Those states are: Arizona, Colorado, Idaho, Iowa, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, New Mexico, Oklahoma and Utah. Seven others — Alabama, Alaska, Arkansas, California, Indiana, Texas and West
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Jeffrey Ubben Source: BusinessWire Jeffrey Ubben is betting on widescale adoption of clean energy through his new fund Inclusive Capital Partners, which he launched in June after stepping away from ValueAct to focus on sustainable investing full time. His fund is the lead investor in a company being formed through a partnership between Schneider Electric
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Former White House Chief Strategist Steve Bannon exits the Manhattan Federal Court, following his arraignment hearing for conspiracy to commit wire fraud and conspiracy to commit money laundering, in the Manhattan borough of New York City, New York, U.S. August 20, 2020. Andrew Kelly | Reuters A little-known not-for-profit run by Steve Bannon, and now
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Inmate firefighters prepare to put out flame on the road leading to the Reagan Presidential Library during the Easy Fire in Simi Valley, California on October 30, 2019. Mark Ralston | AFP | Getty Images Deadly wildfires are still ripping through California, decimating land and homes and forcing thousands of people to evacuate.  But first responders lack
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Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of graphics card maker Nvidia fell as much as 2% in extended trading on Wednesday after the company reported better-than-expected fiscal
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Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | Pool | Reuters The U.S. could get the coronavirus pandemic under control if most Americans wear masks, embrace social distancing and practice good
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Unemployed Kentucky residents enter the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II/Getty Images Kentucky and Montana It appears just two states — Kentucky and Montana — are opting to pay $400 instead of $300. As of Thursday, Montana was the only state to implement the
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Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased. Revenue rose to 153.75 billion yuan
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National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130
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The COVID-19 crisis is changing the way future Coastguardsmen are trained at the Coast Guard Training Center in Cape May, NJ. According to the Training Center’s Commanding Officer Capt. Kathy Felger, there have been no confirmed cases of COVID-19 at the Training Center. Due to the crisis, the Coast Guard has implemented a 14-day “Restriction
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July 25 (Bloomberg) — Genuine Fakes Owner John Myatt, who was involved in the greatest art forgery of the 20th century, according to Scotland Yard, tells us how he did it. (Source: Bloomberg) –Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance.
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CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows.  “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the
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An Estee Lauder cosmetics counter in Los Angeles, California, August 19, 2019. Lucy Nicholson | Reuters Estee Lauder forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands. The
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Noam Galai | Getty Images Entertainment | Getty Images For the first time in five months, major movie theater chains will reopen their doors to the American public starting Thursday.  Throughout the pandemic, independent cinemas and drive-ins have been home to rereleases of Hollywood favorites like “Star Wars,” “Jurassic Park” and “Jaws,” as well as
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