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One-shot drone video of bowling alley mesmerizes internet

New York (CNN Business)“Bowling for Dollars” was a popular 1970s game show. The company that owns the Professional Bowlers Association, as well as hundreds of bowling alleys across the country, is now getting ready to put that idea to the test. Bowlero, which operates lanes under the Bowlero, Bowlmor and AMF brands in addition to owning the PBA, will debut […]

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Stocks making the biggest moves midday: Medtronic, Roku, Bloomin' Brands, CMC Materials and more

Check out the companies making headlines in midday trading Wednesday: Medtronic — The medical technology company's shares declined 6.7% after Medtronic revealed its diabetes business received a warning letter from the Food and Drug Administration on Dec. 9 about the inadequacy of medical device quality system requirements at one of its California facilities. On Monday, Medtronic lowered its revenue expectations […]

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Cathie Wood’s ARK Invest Buys Over 1.5 Million Shares of Allogene

One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 1.5 million shares of Allogene Therapeutics Inc. (NASDAQ: ALLO) on Tuesday. The price of this ETF was down more than 1% in Tuesday’s session, and it is down a fair amount in the past year. It was the ARK Genomic Revolution ETF (NYSEARCA: ARKG) that added 1,581,099 […]

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IATA Director: Travel bans don't slow down infection rates

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)The Omicron variant of the coronavirus is spreading fast. But even as scientists urge patience while they assess the severity […]

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Japan, South Korean stocks drop 1%; investors monitor bitcoin volatility

Investors will continue to monitor crypto after bitcoin prices were volatile throughout the weekend, dropping sharply Saturday afternoon during Asia hours. Over in Hong Kong markets, four new stocks — including Chinese technology giants JD and Netease — will be added to the benchmark Hang Seng index, while troubled Chinese property developer Evergrande will be removed from the China Enterprises index. SINGAPORE — Stocks […]

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Fed taper will have little impact on Asia markets, UOB strategist says

The U.S. Federal Reserve's widely anticipated move to accelerate the end of its bond-buying program is unlikely to lead to volatility in Asian markets, according to a strategist from United Overseas Bank. Heng Koon How, head of markets strategy at UOB, says the move will have little impact on Asian markets. Heng added Asia's strong trade fundamentals are likely to help countries […]

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Britain warns Drahi after he lifts BT stake to 18%

LONDON (Reuters) – Patrick Drahi said on Tuesday he had increased his stake in BT to 18%, triggering a blunt response from Britain, which warned it would intervene if necessary to protect the telecoms group building the country’s critical fibre network. Drahi, BT’s biggest shareholder who has pursued debt-fuelled deals to buy assets in France, the United States, Portugal and […]

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