Stocks Pare Losses, Bonds Hold Post-Powell Decline: Markets Wrap

Added 03-05-21 12:04:02am EST - “(Bloomberg) -- Asian stocks and U.S. futures pared losses Friday as investors digested comments from Federal Reserve Chairman Jerome Powell that fell well short of trying to rein in bond yields. Treasuries held a decline.Stock markets…” - News.yahoo.com

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• Bond Yields Rise; Stocks Pare Gains as Metals Jump: Markets Wrap
• Asia Stocks Gain as Powell Calms Inflation Nerves: Markets Wrap
• Here's why inflation is kryptonite for bonds as Powell's comments rock markets
• Global Stocks Extend Rally; Treasury Yields Rise: Markets Wrap

Microsoft, Wells Fargo satisfied Trump Labor Department on hiring more Black employees

Added 03-06-21 04:04:03pm EST - “The agency closed the inquiries into Wells Fargo and Microsoft in October and December.” - Foxbusiness.com

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• Wells Fargo is reportedly joining JPMorgan and Bank of America in giving staff up to 8 hours off to get COVID-19 vaccines
• Labor Department expands jobless aid for those forced to choose 'your money or your health'
• Microsoft reveals Chinese hack targeting Microsoft Exchange
• Biden Nixes Union Contract With Pro-Trump Labor Group

Here's Why Conestoga Capital Advisors Sold Proto Labs Inc. (PRLB)

Added 03-06-21 04:04:03pm EST - “Conestoga Capital Advisors, a boutique, independent investment management firm, published its fourth-quarter 2020 ?Small Cap Growth & SMid Cap Growth' Investor Letter ?" a copy of which can be downloaded here. A net return of 31%…” - News.yahoo.com

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• A Hong Kong penthouse just sold for $59 million - or $17,542 per square foot - making it the priciest apartment ever sold in Asia
• TVM Capital Healthcare Exits Cambridge Medical and Rehabilitation Center for US$ 232 Million, a 4.6x Return on Capital Invested
• Report: Cuomo's Top Advisors Changed COVID-19 Report on Nursing Home Death
• Jeff Blackburn, one of Jeff Bezos' top advisors, is leaving Amazon

Cladding rules: 'I would never have bought my flat if I knew'

Added 03-06-21 01:04:02pm EST - “Confusion over building safety rules has left many people unable to move home without hard-to-obtain checks.” - News.yahoo.com

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• Supposed 'AirPods 3' photo hints at flat-sided stem changes
• Stock futures are flat after Nasdaq suffers worst one-day loss since October
• Wall Street stumbles on jobs data, global equity markets flat
• Pixel 5a leak shows a headphone jack, flat screen, and a familiar design

Hitting the Books: Elon Musk and the quest to build a better rocket engine

Added 03-06-21 12:04:02pm EST - “Putting people safely into orbit is no small feat, especially without the seemingly limitless R&D budgets afforded to national space programs. However that has done little to dissuade a new generation of the private spaceflight companies…” - News.yahoo.com

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• Elon Musk: SEC probe over Dogecoin tweets would be 'awesome'
• Dogecoin jumps 25% after a one-word Elon Musk tweet about the red-hot cryptocurrency
• Elon Musk's SpaceX raised $850 million, jumping valuation to about $74 billion
• Elon Musk set up a COVID-19 antibody study at SpaceX and got 4,300 employees to take part, according to reports

BT denies any CEO rift behind chairman's retirement

Added 03-06-21 07:04:02am EST - “BT denied any "misalignment" between board and management on Saturday after Sky News said that CEO Philip Jansen had indicated he might resign unless it replaced its chairman. The British broadband and mobile telecoms operator said…” - News.yahoo.com

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• Springfield officer shot two years ago announces retirement
• ‘It's our ethical duty': Poland seeks to introduce retirement benefits for police dogs & horses
• ‘Blond, blue eyes… everything fit': Toni Kroos says he was labeled ‘NAZI' after criticizing Ozil over Germany retirement
• Serena Williams Stopped A Press Conference And Left The Room In Tears After Questions And Rumors About Her Retirement

Moderates Flex Muscle on Unemployment, Wages: Stimulus Update

Added 03-06-21 06:04:02am EST - “(Bloomberg) -- The Senate voting process on President Joe Biden's $1.9 trillion stimulus package continues after the first amendment to the bill set a record for the longest vote in Senate history, dragging on for nearly 12 hours…” - News.yahoo.com

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• Live stimulus updates: Senate extends $300 weekly unemployment benefit in Biden's COVID stimulus bill
• Senate vote on $1.9T stimulus stalled by swing Democrat Manchin on unemployment
• Stimulus Check Update: Why Your Next Relief Payment May Not Be $1,400
• Some Senate Democrats eye changes to unemployment benefits and direct payments in the $1.9 trillion stimulus plan

Outline report on the work of the Standing Committee of the CPPCC National Committee

Added 03-06-21 04:04:02am EST - “The 13th National Committee of the Chinese People's Political Consultative Conference started its fourth session on Thursday afternoon in Beijing with about 2,100 members attending, raising the curtain on the two sessions, China's…” - Finance.yahoo.com

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• Republican Party launching new election integrity committee
• Corey Lewandowski likely to lead new Trump political action committee
• Pence huddles with senior members of Republican Study Committee
• Budget Committee chair pledges to raise minimum wage: 'Hold me to it'

Merck says study shows COVID-19 drug causes quick reduction in virus

Added 03-06-21 03:04:02am EST - “"The secondary objective findings in this study, of a quicker decrease in infectious virus among individuals with early COVID-19 treated with molnupiravir, are promising," said William Fischer, Associate Professor of Medicine at the…” - News.yahoo.com

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• Merck to buy drug developer Pandion Therapeutics for $1.85B
• One dose of Sputnik V is enough for strong immune response in people previously infected with Covid-19, Argentina study shows
• Video shows Texas boy saved from icy pond by quick-thinking dog walker
• Far-Right Misinformation Is Thriving On Facebook. A New Study Shows Just How Much

Live stimulus updates: Senate extends $300 weekly unemployment benefit in Biden's COVID stimulus bill

Added 03-06-21 02:04:03am EST - “Biden and Democratic leaders are pushing for passage before March 14 when unemployment benefits approved under an earlier relief bill expire.” - News.yahoo.com

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• Covid Stimulus Bill Heads to the Senate
• Senate Narrowly Passes $1.9 Trillion COVID Stimulus Bill
• 10 Senate Democrats tell Biden to implement recurring stimulus checks after $1.9 trillion bill is passed
• Senate vote on $1.9T stimulus stalled by swing Democrat Manchin on unemployment