Month: June 2022
Canada is banning single-use plastics, including grocery bags and straws
Restaurants and grocery stores worry about a supply of alternative products as the government announces details of its ban on single-use plastics. in Toronto. June 20, 2022. Steve Russell | Toronto Star | Getty Images Canada is banning the manufacture and import of single-use plastics by the end of the year, the government announced on […]
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Broadway will lift its audience mask mandate starting July 1
The audience is given phantom masks to wear during the re-opening night performance of”Phantom Of The Opera” on Broadway at The Majestic Theatre on October 22, 2021 in New York City. Bruce Glikas | Getty Images Broadway theaters will drop their audience mask mandate beginning July 1, the Broadway League announced Tuesday. While all 41 […]
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Stocks up are up 2.5% Tuesday — here’s what happened every time stocks popped this much this year
Stocks are getting a nice pop on Tuesday, but history shows gains such as these this year are typically followed by losses immediately. Here are the 10 biggest rallies in the S & P 500 this year. Tuesday’s gain would rank third on this list. The broader market index has averaged a loss of 0.8% […]
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Tax pros ‘very skeptical’ about expanded IRS voice bots for payments plans
Westend61 | Westend61 | Getty Images If you get a tax bill and want help from the IRS to set up a payment plan, newly expanded voice bots may make for faster phone service, according to the agency. But some tax professionals are doubtful about the new plan to reduce wait times. Artificial intelligence-driven IRS […]
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This Goldman stock portfolio consistently beats the market — even this year. Here’s what’s in it
Investors have entered a difficult period of tightening financial conditions, slowing economic growth and elevated market volatility, but some stocks could still thrive in such challenging times, according to Goldman Sachs. The Wall Street firm is recommending stocks with a high Sharpe ratio score, a measure of a stock’s performance relative to its volatility. Goldman […]
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Goldman Sachs raises recession probability odds, cuts GDP outlook
A recession is becoming a more likely scenario for the United States as the Federal Reserve hikes rates with economic growth slowing, according to Goldman Sachs. Jan Hatzius, the firm’s chief economist, said in a note to clients Monday that a recession could come sooner than he and his team had previously expected. “We now […]
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Amazon announces Doug Herrington as CEO of Worldwide Amazon Stores
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Long-time Amazon executive Doug Herrington will take over as the new CEO of Worldwide Amazon Stores, CEO Andy Jassy announced on Tuesday. Herrington has served on the high-level S-team at Amazon since 2011 after […]
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Tuesday’s market bounce allows us to raise some cash to buy in the next downturn
We’re raising cash about equal to what we put to work last Friday in three trades when the market was much lower. Source
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Jan. 6 hearing will focus on Trump’s pressure on Georgia’s Raffensperger, others to overturn election
The House select committee investigating the Jan. 6 Capitol riot on Tuesday is set to show how former President Donald Trump leaned on state officials to help overturn his loss in the 2020 election. The committee’s fourth public hearing, slated to start at 1 p.m. ET, will focus on how that pressure campaign by Trump […]
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Britain backs offering monkeypox vaccine to broader population
The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nurphoto | Nurphoto | Getty Images British authorities are recommending gay and bisexual men at higher risk of exposure to monkeypox should be offered a […]
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