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European markets weighed down as investors brace for ECB tapering

Markets made muted moves on Thursday morning in London. Photo: Getty European markets saw a muted open on Thursday morning in London, with the FTSE 100 pulling back slightly at the opening bell.  Markets are being weighed by talk of the European Central Bank withdrawing its monetary stimulus due to rising inflation. BHP Group (BHP.L) was among the top fallers in the FTSE, falling 4.8% in early trade as it was outbid for a nickel miner active in Canada’s highly-prospective Ring of Fire region… Source link

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Thousands with student loan debt are owed refunds — see if you qualify

Thousands with student loan debt are owed refunds — see if you qualify The very first COVID-19 relief bill, signed into law in March of last year, barred student loan companies from garnishing the wages of borrowers in default. But thousands still had some of their pay seized in spite of the moratorium, because of the government’s slow uptake in those early days of the pandemic. Well over a year later, nearly 11,000 of those borrowers are still owed refunds, according to information obtained… Source link

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Stock futures drift sideways ahead of jobs data

Stock futures traded sideways Wednesday evening as investors awaited more data on the labor market’s recovery, which will serve as crucial information in determining the path forward for the monetary policies underpinning risk assets over the past year. Contracts on the S&P 500 were little changed as the overnight session kicked off. Nasdaq futures also hovered near the flat line, after the index set an all-time high during Wednesday’s regular trading day. The indexes’ latest march to record… Source link

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Texas law immediately elevates abortion issue in Virginia governor’s race

TYSONS CORNER, Va. — Abortion emerged as a front-burner issue in the Virginia governor’s race on Wednesday, as the impact of a new near-total ban on the practice in Texas reverberated in one of the year’s marquee political contests. Democrat Terry McAuliffe, who served as Virginia’s governor from 2014 to 2018 but was limited to one term by the state’s constitution, is running again and made sure to mention the Texas law while speaking at a business group luncheon. “I cannot tell… Source link

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Liberty University COVID-19 outbreak on campus worsens, vaccinations now offered

Less than a week after Liberty University announced and enacted a temporary campus-wide quarantine amid rising infections, the school is reporting a sharp surge in positive COVID-19 cases and offering free vaccinations. The private evangelical Christian university in Lynchburg, Virginia last week ordered a campus-wide quarantine from Aug. 30 to Sept. 10. Prior to the fall semester beginning on Aug. 24, the school did not have a mask or vaccine mandate in place. Liberty’s COVID-19 dashboard on… Source link

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This lawmaker is pushing for a four-day workweek

Representative Mark Takano (D-Calif.) recently introduced a bill into the House which would reduce the standard work week to 32 hours. In an interview with Yahoo Finance Live, Takano explained the rationale behind the bill. “The main problem we’re trying to solve with it is the work-life balance,” Takano said. “I think that is what resonates with so many people, who during this pandemic experienced neighbors, family members, loved ones, dying. And they also experienced being able to work… Source link

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The curse of messy endings

Pop quiz: Do you think things more or less work out? Or do you think organized chaos is the nature of civilization? Most of us wish we could control outcomes and get desired results. But life tends to flow in uncontrolled and sometimes maddening directions. People fail each other. Marriages and relationships collapse. Accidents and disease cut plans short. “How complicated and unpredictable the machinery of life really is,” Kurt Vonnegut wrote in the great satirical novel “Cat’s… Source link

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Why Lucid shares tanked 10% on Wednesday

Lucid Motors (LCID) shares closed more than 10% lower on Wednesday at $17.79 a piece. The stock was under pressure because a lockup period expired for some of the electric vehicle company’s big investors. PIPE shareholders, which stands for private investment in public equity, are allowed to sell for the first time since Lucid went public via a SPAC in July. Shares fell as much as 19% during Wednesday’s session, their lowest price since listing on the Nasdaq. Lucid is backed by Saudi… Source link

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Why Lucid shares tanked 10% on Wednesday

Lucid Motors (LCID) shares closed more than 10% lower on Wednesday at $17.79 a piece. The stock was under pressure because a lockup period expired for some of the electric vehicle company’s big investors. PIPE shareholders, which stands for private investment in public equity, are allowed to sell for the first time since Lucid went public via a SPAC in July. Shares fell as much as 19% during Wednesday’s session, their lowest price since listing on the Nasdaq. Lucid is backed by Saudi… Source link

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Google stock has quietly gone berserk — here’s why

Rather under-the-radar, Google (GOOG, GOOGL) is now holding the crown as the top-performing member of the closely watched FAANG (Facebook, Apple, Amazon, Netflix, and Alphabet’s Google) complex amid a summer surge in its stock price.  Shares of Alphabet, Google’s owner, tacked on an impressive 8.2% in August, lagging only behind a 12.8% pop in Netflix. But year-to-date, Alphabet holds a wide lead over its FAANG cohorts.  Alphabet’s stock has skyrocketed 66% on the year, thumping second… Source link

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