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This is breaking news. Please check back for updates. 3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its
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A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters Airlines stepped up policies Monday to ensure passengers and employees wear face masks on board amid concerns about the spread
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Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
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HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC, Europe’s largest bank, is expected to release its first-quarter financial report card today — and some investors said they’re anticipating a “dramatic” fall in earnings due to the coronavirus pandemic. The London-headquartered bank derives the bulk of its
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Rolls-Royce makes some of the world’s most luxurious and expensive cars. Known for producing hand-crafted automobiles that promise a seamless “magical carpet ride” for its customers, Rolls-Royce’s cars do not come cheap. With virtually unlimited optional extras, upgrades, and customizations, the true cost of a bespoke Rolls-Royce has no limits. So what are some of
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Kids in a queue while wearing face masks during the food distribution amid Coronavirus COVID 19. Ajay Kumar | SOPA Images | Getty Images The World Health Organization warned Monday that children across the world will die as the coronavirus pandemic forces some countries to temporarily halt vaccinations for other deadly diseases like polio. At
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Pedestrians walk through Harvard Yard on the closed Harvard University campus in Cambridge, Massachusetts, U.S., on Monday, April 20, 2020. Adam Glanzam | Bloomberg | Getty Images “Many schools are tuition-dependent,” said Robert Franek, editor in chief of The Princeton Review and author of “The Best 385 Colleges.” “That really does change their financial make up
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Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling,in Jacksonville, Florida, might not survive the coronavirus outbreak.  “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.” Soon,
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Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures fell slightly on Sunday night, following oil prices lower, while investors assessed the possibility of re-opening the global economy after the coronavirus outbreak. Dow Jones Industrial Average
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A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Some gig workers may
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Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images People who receive benefits through either the Department of Veterans Affairs or Supplemental Security Income who have children have a new deadline if they want to get all of the
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The S&P 500 is almost 30 per cent off its lows despite 22m US initial jobless claims; the FT’s US finance editor Robert Armstrong tries to resolve this apparent contradiction. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for
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