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Bloomin' Brands to cut $40M in costs, continues to mull sale

Joe Rogan embraces carnivore diet FOX Business’ Jackie DeAngelis explains Joe Rogan’s carnivorous diet. Bloomin' Brands Inc. said it is targeting $40 million in cost cuts over the next two years and doubled its dividend, but is still considering a sale. Continue Reading Below The parent company of Outback Steakhouse and Carrabba's Italian Grill said Tuesday it expects the cuts […]

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Apple's surprise sales warning pressures futures

(Reuters) – U.S. stock index futures dropped on Tuesday as investors returned from a long weekend to a sales warning from Apple Inc that highlighted the impact of the coronavirus outbreak on global supply chains. The world’s most valuable technology firm (AAPL.O) said on Monday it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and […]

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Apple's surprise sales warning pressures futures

(Reuters) – U.S. stock index futures dropped on Tuesday as investors returned from a long weekend to a sales warning from Apple Inc that highlighted the impact of the coronavirus outbreak on global supply chains. The world’s most valuable technology firm (AAPL.O) said on Monday it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and […]

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Amazon's Bezos pledges $10 billion to climate change fight

NEW YORK (Reuters) – Amazon (AMZN.O) Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday. Cutting emissions will be challenging for Amazon. The e-commerce company delivers 10 billion items a year, has a massive transportation and […]

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Metal shapers: 3D metal printing firm latest ASX hopeful

Robotic metal printing startup AML3D is vying to be the latest 3D printing stock to hit the ASX boards, though its chief executive says despite enthusiasm about the sector, growth will take patience. "It does take time, and it does need investment," Andrew Sales said. AML3D’s Andrew Sales (left) with an employee, said it’s hard to grow 3D printing startups […]

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General Motors is leaving these markets

GM CEO: We believe in an all-electric future GM CEO Mary Barra and LG Chem Vice Chair Hak-Cheol Shin on a joint venture to build a new electric battery plant in the Lordstown area of Northeast Ohio. General Motors is taking steps to exit unprofitable markets. Continue Reading Below The automaker is pulling out of Australia, New Zealand and Thailand, […]

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Asian markets mixed as Japan’s economy skids, China cuts rates

Markets were mixed in Asia on Monday, with Japan’s benchmark slipping after the government reported the economy contracted 6.3% in annual terms in the last quarter. China’s shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts. The Nikkei 225 NIK, -0.71%  in Tokyo was […]

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Tokyo stocks fall to 1-1/2-week low on worse-than-expected GDP

TOKYO, Feb 17 (Reuters) – Japanese shares slid to a 1-1/2-week low on Monday, hurt by a weaker-than-expected gross domestic product (GDP) reading for the December quarter, while worries about the economic impact of the coronavirus epidemic continued to weigh on the market. The Nikkei average fell 0.6% to 23,537.03 by the midday break, its lowest level since Feb. 5, […]

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Dollar Defies Detractors With Its Strongest Start in Five Years

In this article The U.S. currency is having its best start to a year since 2015, defying the expectations of many forecasters and potentially adding global growth headwinds. The Bloomberg dollar index has climbed 1.9% since the end of December, spurred in part by demand for havens as the global spread of the Wuhan coronavirus and other uncertainties dent investor […]

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