In Battle Over GameStop Shares, Two Big Players Flinch

A David and Goliath saga is unfolding in financial markets over the stock price of struggling retail chain GameStop. On Wednesday, Goliath walked away from the battle. Two Goliaths, actually. A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop’s stock will crash have essentially admitted defeat. The victor, for now at least, is […]

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Biden Announces New Steps To Boost Vaccine Supply

President Joe Biden announced a set of actions to ensure that the federal government will have enough vaccine supply for the entire U.S. population by the end of summer. The Biden Administration will increase overall, weekly vaccine supply to states, Tribes and territories from 8.6 million doses to a minimum of 10 million doses. This increase of 1.4 million doses […]

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AT&T CEO John Stankey Says Production During Covid Is “Hand To Mouth” And “Show By Show” But Hopes Worst Is Over

John Stankey, chief executive of WarnerMedia parent AT&T, compared current production challenges to a “battle” as the studio struggles to wade through shutdowns. “We are still fighting through getting the pipeline, dropping the content at the right rate and pace that we want to,” he said on a conference call to discuss fourth quarter earnings. “We are kind of going […]

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The big short: GameStop effect puts global bets worth billions at risk

LONDON (Reuters) – Global bets worth billions of dollars could be at risk as amateur share traders challenge the bearish positions of influential funds, inflating stock valuations and leaving the professionals looking at potentially hefty losses.FILE PHOTO: A GameStop store is photographed in Austin, TX, U.S., March 26, 2018. Picture taken on March 26, 2018. REUTERS/Mohammad Khursheed/File PhotoGone are the […]

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How Each State Is Managing Schools During the Pandemic

As coronavirus cases continue to rise across the U.S. school districts all over the country have developed plans to deal with potential outbreaks in their schools — and the measures school officials take to contain the spread change almost daily.  24/7 Wall St. reviewed guidelines released by state governors and health and education departments as well as news articles to […]

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Only 1 in 10 companies expect all their staff to return to the office when the pandemic dies down, a new report suggests

About 10% of companies expect that all their staff will eventually go back to the office, a new report suggests.  The report presents the responses of 97 National Association for Business Economics members from various sectors. About half of respondents plan to suspend their stay-at-home policies in the second half of 2021. Visit Business Insider's homepage for more stories. Only […]

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JPMorgan to launch UK consumer bank within months

FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File PhotoLONDON (Reuters) – JPMorgan Chase & Co will launch a digital consumer bank in Britain under its Chase brand within months, the U.S. banking giant said on Wednesday. The bank said the new business had already recruited 400 people and would offer […]

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