Business Stories from May 6, 2021 (Change date)
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Fed warns high asset prices could make investors vulnerableMay 06, 2021 5:00 pm - WASHINGTON (AP) - The Federal Reserve is warning that prices of stocks and other financial assets are rising to levels that could set investors up for big losses from su...
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Peloton expects to lose $165 million in revenue from recallMay 06, 2021 7:00 pm - NEW YORK (AP) - Peloton said Thursday that the recall of its treadmills will shrink its revenue by $165 million in the current quarter. The company agreed on Wednesday t...
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Asian indexes rise after US rally; investors await jobs dataMay 06, 2021 11:30 pm - TOKYO (AP) - Asian shares rose Friday on optimism about the rally on Wall Street and an economic rebound in the U.S., as investors awaited the release of jobs data. Jap...
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Grains higher, livestock mixed.May 06, 2021 3:00 pm - Wheat for May gained 8.50 cents at $7.6425 a bushel; May corn rose 6.25 cents at 7.5950 a bushel, May oats was up 2.50 cents at $4.0925 a bushel; while May soybeans adva...
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Beyond Meat's Q1 hobbled by marketing costs, lower pricesMay 06, 2021 6:30 pm - Plant-based meat company Beyond Meat posted a first-quarter loss Thursday after higher sales were offset by marketing costs and lower prices. The company based in El Seg...
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China suspends economic dialogue with AustraliaMay 06, 2021 5:00 am - BEIJING (AP) - China on Thursday suspended an economic dialogue with Australia, stepping up a pressure campaign that began over Australian support for a probe of the cor...
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Insurer AXA halts ransomware crime reimbursement in FranceMay 06, 2021 5:30 pm - BOSTON (AP) - In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse custom...
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US unemployment claims fall to a pandemic low of 498,000May 07, 2021 2:33 pm - WASHINGTON (AP) - The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign o...
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Productivity rebounds at solid 5.4% rate in first quarterMay 07, 2021 2:33 pm - WASHINGTON (AP) - U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity i...
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Nintendo profits boom as people stuck at home play gamesMay 06, 2021 6:30 am - TOKYO (AP) - Nintendo Co.'s profit for the fiscal year that ended in March jumped 86% on healthy sales of its Switch handheld machine as people stayed home due to the pa...