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COVID 19 Articles
UPS beats quarterly expectations, raises full-year guidance again
UPS reported third-quarter earnings that topped analyst expectations and raised full-year revenue guidance to approximately $92.6 billion, up from prior projections of $91.2 billion.
Stellantis stock rises 13% as automaker’s turnaround plan, cost cuts gain traction
Stellantis shares rose 13% following stronger-than-expected third-quarter results and confirmation of its turnaround plan progress, with management reaffirming 2026 guidance and targeting positive free cash flow next year.
‘Free up the ganja’: Rastafarians in Kenya fight to decriminalise marijuana
Rastafarians in Kenya are mobilizing after a court rejected their petition to decriminalize marijuana for religious purposes, with followers vowing to appeal the decision.
Home heating oil prices are soaring — and users’ winter bills could rise 21%, federal outlook shows
Home heating oil prices are projected to average $5.26 per gallon this winter, up 34% from last year, with average household bills rising 21% to $2,115 despite expectations of warmer weather.
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Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported a 10% increase in streaming revenue to over $3 billion in the second quarter, driven by HBO Max growth amid its proposed merger with Paramount Skydance.
Family offices back clean energy and sustainability startups in July as dealmaking holds steady
Family offices invested in 57 companies during July, with notable backing for clean energy and sustainability startups including a $10 billion Blue Origin fundraise and multiple renewable energy ventures.
Ford’s new ‘Fathom’ electric pickup truck will start at $28,000
Ford announced its new electric pickup truck, the Fathom, will start at $28,350, aiming to offer an affordable option in the EV truck market with deliveries expected later next year.
Trump imposes 15% tariff on key chip material to counter China
President Trump signed an executive order Thursday imposing a 15% tariff on imported polysilicon, a critical semiconductor and solar panel material, setting minimum import prices to take effect in December.
Employers unexpectedly cut 23,000 jobs in a sign of a wilting labor market
U.S. employers unexpectedly cut 23,000 jobs in July as the labor market softened, with retailers and restaurants shedding positions despite construction and factory gains.
Ban on ‘subscription traps’ brought forward by three months
The UK government is accelerating plans to ban subscription traps and misleading “pretend prices” in shops, bringing implementation forward to January 2027 to help consumers manage living costs.
Millions in Great Britain could face emergency power cuts at short notice
Great Britain’s electricity system operator can now implement rotating blackouts with eight hours’ notice under new emergency grid rules approved this week, affecting millions of homes and businesses.
Councils to get more powers to stop vape and betting shops, PM announces
The UK government announced new planning regulations requiring councils to approve vape shops and giving them expanded powers to block betting shops, aiming to combat high street decline linked to organized crime.
London Heathrow replaced as Europe’s busiest airport by Istanbul
London Heathrow has lost its position as Europe’s busiest airport to Istanbul Airport, recording 7.86 million passengers in July compared to Istanbul’s 8.15 million.
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a personal care line for children ages 6 to 11, with products available at Walmart and Amazon, marking the company’s expansion beyond its core baby and pregnancy offerings.
Why JPMorgan is investing big in the 2028 LA Olympics
JPMorgan becomes the 2028 Los Angeles Olympics’ first-ever global banking partner in a nine-figure deal, signaling confidence in the International Olympic Committee’s revamped sponsorship model.
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
Invitation Homes CEO says a recently passed ban on institutional homebuying will eventually lower prices but not immediately, citing mortgage rate volatility and construction costs as complicating factors.