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Private investment in space companies hit $3.9 billion in the third quarter, according to a report this week by New York-based firm Space Capital. That propels this year to a new annual record of $10.3 billion, exceeding the record of $9.8 billion set in 2020, the report said. Space companies closing SPAC (special purpose acquisition company) mergers and going public […]
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European stocks advanced on Thursday as investor concerns about a U.S. debt ceiling deal eased and the U.S. Treasury bond yields retreated further from the highest level since June ahead of U.S. non-farm payrolls data, due on Friday. The U.S. jobs report is seen as crucial in influencing the timing of the start of winding down the Fed’s QE program. […]
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ClassPass on Wednesday announced it had been bought by Mindbody in an all-stock deal. The move is, in part, a major bet that people are going to return to in-person workout classes. The merger will create a sort of one-stop shopping experience for both business and consumers to get their fitness fix. With attendance to in-person fitness classes on the […]
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Pandemic-related mortgage bailouts are ending, and foreclosures are now rising. Foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020. The foreclosure numbers should stay relatively low because of aggressive modifications by lenders and also because of high levels of home equity. Foreclosures are starting […]
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United is expecting a surge in international travel next year following a two-year lull. Destinations include Amman, Jordan and Bergen, Norway. Airlines have spent the pandemic focused on domestic destinations. United Airlines plans to add 10 new trans-Atlantic routes in 2022, a bet that cooped up U.S. customers will race to get out of the country to visit Norwegian fjords, […]
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Conagra Brands, Inc. (CAG) reported that its first-quarter adjusted net income attributable to company decreased 30.2% year-on-year driven primarily by the decrease in gross profit. Gross margin decreased 486 basis points to 25.4% in the quarter, and adjusted gross margin decreased 530 basis points to 25.4%. Organic net sales were down 0.4%, for the quarter. Looking forward, the company reaffirmed […]
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According to the BBC, Prince William says he has "absolutely no interest" in going up into space. The Duke of Cambridge is not the only member of Britain's royal family to express views on the environment. Prince William appears to have taken a swipe at the space tourism espoused by some of the world's most high-profile billionaires. Speaking to the […]
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The U.S. government will rely heavily on pediatricians in its Covid vaccine rollout for kids 5 to 11, starting as early as next month, White House official Jeff Zients said. The White House asked governors to enroll doctors in vaccination programs so they can begin giving shots as soon as the lower-dose vaccine is authorized by regulators for use in […]
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BEIJING (Reuters) -China’s September factory gate inflation rose to a record on soaring commodity prices, but weak demand capped consumer inflation, forcing policymakers to walk a tight rope between supporting the economy and further stoking producer prices.FILE PHOTO: Copper rods are seen at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam, August 11, 2017. REUTERS/Kham/File PhotoThe […]
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Stacey Anderson couldn’t talk for tears this morning when telling what his boss had just done for him. The Auckland earthmoving chief has paid $7900 for a seat on a private Auckland- Brisbane charter flight tomorrow to reunite Anderson with his family in Australia. Anderson [Waikato Tainui] was crying as he said: “Oh, mate. I owe that man. It’s sort […]
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