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9,196 results 10/22/2020 22:10
By David Morgan and Susan Cornwell. WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi on Thursday said negotiators were making progress in talks with the White House for another round of COVID-19 stimulus, but Senate Republicans remained skeptical of a possible deal costing trillions of dollars. "I think we’re not going anywhere. 10/22/2020 21:35
Image source: iStockphoto. By Jason Lange. WASHINGTON (Reuters) - U.S. voters have cast more than 47 million votes for the Nov. 3 presidential election, eclipsing total early voting from the 2016 election with 12 days to go, according to data compiled by the U.S. Elections Project. Some 47.5 million Americans have turned in ballots, roughly eight times the number of early votes cast at about same point before the 2016 presidential contest, and above the 47.2 million early votes that were cast before Election Day in 2016. The surge comes after many states have expanded mail-in voting and in-person early voting as a safe way to vote during the coronavirus pandemic and amid voter eagerness to weigh in on the political future of Republican Presid. 10/22/2020 19:23
By Stephen Nellis. (Reuters) - Intel Corp on Thursday reported that margins tumbled in the latest quarter as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending, news that sent its shares down 10% in extended trading. Intel, the dominant provider of processor chips for PCs and data centers, has struggled with manufacturing delays. 10/22/2020 16:43
Image: Golden 1 Center, Sacramento, California. Source: Golden 1 Center. By Kate Brumback and Larry Lage. ATLANTA (AP) — With long waits making headlines during early voting across the country, professional sports venues have emerged as bright spots, repurposing huge spaces mostly devoid of fans into efficient and relatively safe polling places. Featuring rows and rows of voting machines, ample space for social distancing and staff accustomed to large crowds, these mega voting sites are proving attractive to voters looking for the best way to cast their ballots amid the coronavirus pandemic. “This was an amazing, fantastic experience,” Jen Cox said after voting at State Farm Arena, home of the Atlanta Hawks. Other voters leaving the arena an. 10/22/2020 16:13
Image source: Reuters. By Lisa Shumaker and Maria Caspani. CHICAGO (Reuters) - The number of coronavirus deaths reported in the United States on Wednesday reached its highest in two months, offering more evidence that the pandemic was gaining fresh momentum across the country as cooler weather sets in. COVID-19 deaths nationwide had averaged about 700 a day for much of October before rising to 1,237 on Wednesday, according to a Reuters analysis, the most since Aug. 19. The number of new infections began trending higher five weeks ago, and health experts have warned that a rise in fatalities would follow. In Wisconsin, a pivotal battleground state that could help decide the Nov. 3 presidential election, Governor Tony Evers pleaded with residen. 10/22/2020 14:24
Image source: Dow earnings presentation, Oct. 22, 2020. By Taru Jain. (Reuters) - Dow Inc on Thursday beat estimates for quarterly earnings and forecast a pick up in demand as more industries start to recover from the impact of the COVID-19 pandemic. Consumer spending on big-ticket items such as furniture, home appliances and vehicles, to which Dow has significant exposure, has started to gain momentum after the pandemic hurt demand earlier in the year. Chief Financial Officer Howard Ungerleider said on a post-earnings call that he expects demand to recover at a moderate pace in the fourth quarter, excluding any significant impact from a second wave of the pandemic. While recovery has been uneven across markets, China, where the coronavirus 10/22/2020 12:36
Image source: Union Pacific earnings presentation, Oct. 22, 2020. LOS ANGELES (Reuters) - Union Pacific Corp on Thursday reported a bigger-than- expected drop in quarterly profit, after demand for e-commerce and beer shipments failed to offset weakness in coal and petroleum carloads, and shares fell 3.3%. The Omaha, Nebraska-based railroad operator’s third-quarter net income was $1.4 billion, or $2.01 per share, down from $1.6 billion, or $2.22 per share, a year earlier. Total operating revenue fell 11% to $4.9 billion. Analysts, on average, expected earnings of $2.06 per share and revenue of $4.96 billion, according to IBES data from Refinitiv. Shares are down 6% to $187.43 at midday. Earlier this week, Union Pacific said Chief Operating Of. 10/22/2020 11:50
Image source: AT&T earnings presentation, Oct. 22, 2020. By Sheila Dang. (Reuters) - AT&T Inc on Thursday reported the coronavirus pandemic had taken a heavy toll on its media business, but quarterly results were offset by more new phone subscribers than expected, which executives credited to the improved quality of its wireless network. That helped AT&T beat revenue expectations. 10/22/2020 10:09
Image source: Coca-Cola. (Reuters) - Coca-Cola Co beat revenue and profit expectations on Thursday as strong "at-home" sales helped the world's largest soda maker bounce back from a shattering second quarter, sending its shares up 2% in early morning trading. The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, reported a slowdown in declines in “away-from-home” sales and said the last quarter had been its most challenging. The company said sales of its trademark Coca-Cola and Coca-Cola Zero Sugar were now positive. “While many challenges still lie ahead, our progress in the quarter gives me confidence we are on the right path,” Chief Executive Officer James Quincey said in 10/22/2020 00:48
Video source: Reuters YouTube channel. By Joseph Menn and Sarah N. Lynch. WASHINGTON (Reuters) - U.S. Director of National Intelligence John Ratcliffe said on Wednesday that Russia and Iran have both tried to interfere with the 2020 presidential election. Ratcliffe made the announcements at a hastily arranged news conference that also included FBI Director Chris Wray. The announcement two weeks before the election showed the level of alarm among top U.S. officials that foreign actors were seeking to undermine Americans’ confidence in the integrity of the vote and spread misinformation in an attempt to sway its outcome. “We have confirmed that some voter registration information has been obtained by Iran, and separately, by Russia,” Ratcliffe 10/21/2020 22:19
By Trevor Hunnicutt and James Oliphant. PHILADELPHIA (Reuters) - Former President Barack Obama returned to the campaign trail on Wednesday, launching a blistering attack on Donald Trump with less than two weeks to go before the Republican president’s Election Day face-off with Democratic nominee Joe Biden. Speaking at a drive-in rally in Philadelphia on behalf of Biden, his former vice president, Obama offered his fiercest critique yet of his successor, taking aim at Trump’s divisive rhetoric and his track record in the Oval Office. “He hasn’t shown any interest in doing the work or helping anybody but himself,” Obama said. Obama, who governed for two terms and remains one of the most popular figures in the Democratic Party, blasted Trump fo. 10/21/2020 19:24
Image: Interior of a Customs and Border Protection facility, McAllen, Texas, June 17, 2018. Source: Photo provided by U.S. Customs and Border Protection, via SAN DIEGO (AP) — Court-appointed lawyers said Tuesday that they have been unable to find parents of 545 children who were separated at the U.S. border with Mexico early in the Trump administration. The children were separated between July 1, 2017, and June 26, 2018, when a federal judge in San Diego ordered that children in government custody be reunited with their parents. Children from that period are difficult to find because the government had inadequate tracking systems. Volunteers have searched for them and their parents by going door-to-door in Guatemala and Honduras. Mo. 10/21/2020 17:03
By Akanksha Rana and Tina Bellon. (Reuters) - Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will require it to significantly ramp up vehicle sales in the fourth quarter. Shares were up 4.3% at $440.81 in extended trade as the carmaker beat analysts’ estimates for third-quarter revenue. Tesla said it had the capacity installed to produce and deliver 500,000 vehicles this year, but added that achieving its goal has become more difficult. “Achieving this targe. 10/21/2020 14:21
Image source: Nasdaq earnings presentation, Oct. 21, 2020. By John McCrank and Niket Nishant. (Reuters) - Nasdaq Inc on Wednesday reported third-quarter profits that topped Wall Street views, helped by strength in the transatlantic exchange operator’s indexing business and a surge in trading volumes. Nasdaq reported an adjusted quarterly profit of $1.53 per share, versus estimates of $1.46 per share, according to IBES data from Refinitiv. Net income rose to $264 million, or $1.58 per share, from $150 million, or 90 cents per share, a year earlier. The profit beat came largely from growth in indexing, Daniel Fannon, an analyst at Jefferies, said in a note. Strong demand for technology stocks during the pandemic has benefited the tech-heavy Na. 10/21/2020 13:18
Image source: Amtrak. By David Shepardson. WASHINGTON (Reuters) - The chief executive of Amtrak will tell lawmakers on Wednesday the U.S. passenger railroad expects travel and revenue to fall by more than 70% from pre-coronavirus levels in 2021, as it considers more service and employee cuts. The railroad projects just 9 million passenger trips and $598 million in revenue for the budget year that began Oct. 1, down from over 32 million trips and $2.35 billion in the 2019 budget year and $1.24 billion in the 2020 budget year that ended Sept. 30, according to testimony from Amtrak chief executive Bill Flynn reviewed by Reuters. Ridership and revenue are still down more than 80% and Flynn will tell the Senate Commerce Committee on Wednesday that. 10/21/2020 12:02
Image source: PayPal. By Anna Irrera and Tom Wilson. LONDON (Reuters) - PayPal Holdings Inc said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network. The new service makes PayPal one of the largest U.S. companies to provide consumers access to cryptocurrencies, which could help bitcoin and rival cryptocurrencies gain wider adoption as viable payment methods. The San Jose, California-based company hopes the service will encourage global use of virtual coins and prepare its network for new digital currencies that central banks and companies may develop, President and Chief Executive Dan Schulman said in an interview. “We are 10/21/2020 11:01
By Silke Koltrowitz. ZURICH (Reuters) - Nestlé raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations on Wednesday with 4.9% growth driven by strong demand for pet food, coffee and health products. Nestlé shrugs off pandemic impact, raises guidance. The world’s biggest food group has weathered the COVID-19 pandemic better than some peers as its focus on high-growth categories helped offset a slump in food sales to restaurants and cafes. In contrast, French peer Danone announced an extensive review this week that could lead to disposals after its like-for-like sales fell 2.5% in the third quarter. Unilever is due to release a trading statement on Thursday. Shares in Nestlé, up 2.5% so far this y. 10/21/2020 10:14
Image source: AutoNation. By Joseph White and Rachit Vats. (Reuters) - U.S. auto dealer AutoNation Inc's quarterly profit nearly doubled on Wednesday as a stronger-than-expected recovery in demand and tight inventories helped drive more profit per vehicle just months after the pandemic slammed the economy. Chief Executive Mike Jackson told Reuters he is optimistic looking ahead. 10/20/2020 23:48
By Zeke Miller, Will Weissert and Jonathan Lemire. ERIE, Pa. (AP) — President Donald Trump pushed into arguably the most important state on the electoral map on Tuesday, opting for a rally in Pennsylvania instead of formal debate practice two days ahead of the final presidential debate that may be his last, best chance to alter the trajectory of the 2020 campaign. Democrat Joe Biden took the opposite approach, holing up for debate prep in the leadup to Thursday’s faceoff in Nashville.

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