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    Peter Cade | Stone | Getty Images The solar industry is among many sectors feeling the pinch of higher prices, according to a report released Tuesday by the Solar Energy Industries Association and Wood Mackenzie. Prices rose quarter over quarter and year over year across every solar segment during the period. It's the first time that residential, commercial and utility solar costs have risen in tandem since the energy consultancy began tracking prices in 2014. The most-significant cost pressures came from a jump in prices for raw materials, including steel and aluminum. Elevated shipping costs also played a role. The bulk of these impacts will likely start to show in 2022, since many companies have enough inventory to see them through the end of the year, according to the report. Overall, the U.S. added 5.7 gigawatts of solar capacity during the period, a record for second-quarter installations. That also marks a 45% jump over 2020's level as the pandemic roiled the industry. "The solar industry continues to demonstrate strong quarterly growth, and demand is high across every segment," Wood Mackenzie...
    In this article GENIGenius Sports.Genius SportsNational Football League data rights partner Genius Sports reported second-quarter earnings Wednesday morning. Revenue doubled year-over-year but it reported a big loss. Shares of Genius Sports were up about 2.5% on Wednesday morning. Genius provides NFL play-by-play stats and Next Generation data for sports gambling companies, allowing the firms to set betting lines, and offer in-game micro bets. Genius said it made $55.8 million in revenue for the quarter, which ended on June 30, up slightly from $53.7 million in the first quarter and up 108.4% from the same quarter last year. It reported a net loss of $464.1 million in Q2, an increase from a $7.4 million loss in the same quarter last year. The company said $414.5 million of that loss was for stock-based compensation. Last April, Genius signed an exclusive deal valued at $1 billion to provide official data essential to NFL bets – a significant driver for betting companies in an estimated $40 billion online gambling sector. That means if sports gambling providers that want to cash on bets this season...
    Commemorative dogecoins on display in Yichang, China on May 14, 2021.Barcroft Media | Barcroft Media | Getty Images Robinhood said its crypto revenue accounted for more than half of all transaction-based revenue in the second quarter, as retail investors turned to the app for purchases of bitcoin, ethereum and other digital currencies. In its first earnings report since its IPO last month, Robinhood said its revenue from crypto transactions was $233 million, up from $5 million in the year-ago quarter. Crypto accounted for 52% of transaction-based revenue, up from 17% in the first quarter and 4% in the fourth quarter of last year. The company also noted that more than 60% of cumulative net-funded accounts traded crypto in the quarter. "The three months ended June 30, 2021 is the first quarter where a larger share of new customers placed their first trade in crypto rather than equities," Robinhood said in the earnings statement. While Robinhood gained popularity by bringing free stock trading to a new generation of investors, the company has also been a big beneficiary of the surge in cryptocurrency...
                        Florida Tourism numbers continue to rebound in 2021 as data from quarter two (Q2), provided by the state’s tourism marketing agency – Visit Florida, shows 31.692 million visitors from April 1st to June 30th. This is 16.3% more visitors than quarter one. The first two quarters of 2021 show an improvement compared to quarters two, three, and four of 2020 during the pandemic, which recorded 9.92 million, 20.33 million, and 19.09 million visitors, respectively. According to the data, the total number of visitors in Q2 of 2021 compared to the total number in Q2 of 2020 is a 223.4% increase. Specifically, 30.563 million visitors were domestic, or from other states in the U.S., 1.115 million from overseas, and 15,000 from Canada. Again, comparing to Q2 of 2020, each category of visitors increased significantly. Domestic visitors increased 215.9%, overseas visitors increased by 854.1%, and Canadian visitors increased by 74.1%. Visit Florida’s CEO and President, Dana Young, said at a tourism summit for the Delray Beach Chamber of Commerce last...
    Monica Schipper/Getty Images A new survey reveals which podcasts were the most listened to for the first quarter of 2021. The ranking was compiled by Edison Research, which used data from the Podcast Consumer Tracking Report. The list of 50 podcasts was crafted from a survey of 8,000 podcast listeners from the Q3 2020 through Q2 2021 period, and it includes an analysis of the audience size and percentage breakdown for individual networks. Spotify’s massive investment in Joe Rogan is still paying off: The Joe Rogan Experience remains the most popular podcast in the country. Their other exclusive podcasts also seem to be doing well — Alexandra Cooper’s Call Her Daddy has jumped from 15th to 11th place since 2020, and Dax Shepard’s Armchair Expert is holding steady at 18th place. On the Apple side of things, The Daily podcast, courtesy of The New York Times and host Michael Barbaro, takes 2nd place on the list. Next is Crime Junkie, followed by This American Life, then Stuff You Should Know which took the number 5 slot from My Favorite Murder....
    Axcelis, a great opportunity in the semiconductor sector Axcelis Techs plays an important role in semiconductor production for the Automotive industry having sold systems for more than 100 million dollars for the first time since 2004. In addition, the company trades at a strong discount compared to IShares Semiconductor ETF, according to Anthony Di Pizio in The Motley Fool. Not a name used by the high-flying heavyweights of the semiconductor industry, but Axcelis Technologies provides critical equipment and services for those major producers. Recently, you have paid special attention to your line Purion of specific ion implanters for chips used in the automotive industry, which plays an important role in solving the global supply shortage. That bet is paying off. The company reported a strong second quarter earnings result llast week, which sent stocks up nearly 20%. The firm has positioned itself to grow in the coming years as the industry continues to expand its capacity to meet growing demand. “With only 2.3 times expected revenue for 2021, I think the stock is a bargain for long-term investors looking...
    THE WORLD Madrid Updated on Friday, 23 July 2021 – 10:34 The volumes of combustion cars are still the largest, but their market share is shrinking in the face of the push from alternative energies. Faconauto “The combustion car continues to pay the bills” European Union “The motor industry always says ‘it’s fatal’, but then it complies” According to data from the European Automobile Manufacturers Association (ACEA), in the second quarter of 2021, electric car registrations continued to grow in the European Union. The market share of battery electric vehicles more than doubled, from 3.5% in the second quarter of 2020 to 7.5% this yearwhile plug-in hybrids accounted for 8.4% of all new cars sold. Demand for hybrid cars also increased considerably during this three-month period, accounting for 19.3% of car registrations in the EU. At the same time, the market share of traditional fuel types (gasoline and diesel) contracted, adding together 62.2% of the new cars sold. Lower the gasoline and diesel quota From April to June 2021, gasoline and diesel engine registrations grew across...
    Rio de Janeiro, Aug 4 (.) .- The Brazilian oil company Petrobras obtained in the second quarter of the year a net profit of 42,855 million reais (about 8,241 million dollars), almost 36 times higher than in the first three months of the year (1,167 million reais or 224.4 million dollars), the company reported. The profit in the second quarter allowed the largest company in Brazil to reverse with a wide advantage the losses of 2,713 million reais (521.7 million dollars) registered in the same period of 2020, according to the financial balance sent to the market. The good result allowed the company to accumulate in the first half of the year a profit of 44,022 million reais (8,465.8 million dollars), with which it reversed part of the losses for 51,236 million reais (about 9,853 million dollars) suffered in the first six months of last year, when it was impacted by the economic crisis generated by the covid pandemic. The Brazilian giant’s profits in the second quarter of the year, however, were below those of the last quarter of 2020,...
    Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021.Mike Blake | Reuters Household debt rose by its highest dollar amount in 14 years during the second quarter, thanks mostly to a surge in the housing market that brought the collective American IOU to just shy of $15 trillion, the Federal Reserve reported Tuesday. Total debt balances jumped $313 billion in the April-to-June period, the sharpest rise since the same period in 2007. As a share of debt, that represented a 2.1% increase, the fastest pace since the fourth quarter of 2013. Most of the gain came from mortgage originations, both initial purchases and refinances, which have been on fire as the Fed has kept benchmark borrowing rates anchored around historic lows. Mortgage balances increased $282 billion for the period, up 2.8% rise from the first quarter and 6.7% from a year ago. Over the past four quarters, mortgage originations have totaled close to $4.6 trillion, amounting to 44% of all outstanding home loan balances. But the...
    Bezos dropped to second place to make way for Frenchman Bernard Arnault, who is now the richest man in the world. Photo: ERIC BARADAT / . / . Jeff Bezos, who claimed to be the richest man in the world, is no longer so, as he lost a significant amount of money at the end of last week. And it is that on Thursday afternoon the company presented its earnings report for the second quarter, which were not expected and caused the fall of Amazon shares, which affected Bezos, causing him to lose $ 13.9 billion dollars. As your fortune goes down, Bezos fell to second place to make way for Frenchman Bernard Arnault, who is now the richest man in the world., as reported in Forbes. Arnault, who owns the luxury goods company Moët Hennessy • Louis Vuitton, better known as LVMH, also had a loss in the value of his company of 1.4% this past Friday, but still kept a fortune of $ 192.9 billion, so there was $ 500 million ahead...
    The US economy is recovering but Delta variance and lack of manpower could weaken progress. Photo: Karolina Grabowska / Pexels The growth of the US economy accelerated moderately in the second quarter and it did not achieve the projections planned, after tax benefits, residential investment and inventories had an impact on the figure, published El Financiero. Fueled by vaccines and government aid, the United States economy grew at an annual rate of 6.5% in the second quarter, which is another sign that the country is achieving a sustained recovery after the recession caused by the pandemic. The Commerce Department report estimated that the US gross domestic product (its total production of goods and services) increased in the April-June quarter from an annual growth rate of 6.3% in the first quarter of the year. The quarterly figure was lower than analysts expected, where the economy has probably been slowed by a shortage of supply of goods, components and labor. The median forecast of a Bloomberg survey of economists expected an 8.4% expansion in GDP of...
    New York (CNN Business)The US economy in the second quarter expanded at a slower rate than expected but still at its fastest pace since last fall, growing at a seasonally adjusted, annualized rate of 6.5%.It was a worse performance than expected, as economists had forecast an annualized growth rate of 8.5%, and little changed from the first quarter.Nevertheless, it was the biggest jump in growth since the nation roared back in the third quarter of 2020 from the lockdown-driven recession.The acceleration in the recovery was spurred by the last round of stimulus checks, which boosted consumer spending, as well as the reopening of the economy and continued vaccination effort that allowed Americans to take part in public life safely again.This is a developing story. It will be updated.
    Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021.Mike Blake | Reuters The U.S. economy is expected to have grown at the strongest pace of the year, but it could have been even more rapid were it not for supply chain disruptions and a shortage of workers. According to Dow Jones, economists expect U.S. gross domestic product grew at an annual rate of 8.4% after growing by 6.4% in the first quarter. That estimate is lower than the more than 10% that had been expected earlier in the year. GDP will be released Thursday at 8:30 a.m. ET. "The big story remains the consumer. It looks like real consumer spending was up about 10% in the second quarter and some of that relates to the ongoing boost from the rebate checks," said Amherst Pierpont chief economist Stephen Stanley. Stanley said he expects growth of 8.7% for the second quarter. "That's not indicative of where demand was. There was a point in time where I had as...
    In this article .BBKAChristian Sewing, the new CEO of Deutsche Bank, speaks at the Deutsche Bank annual shareholders' meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor performance by Deutsche Bank, are calling for Achleitner to step down.Thomas Lohnes | Getty ImagesLONDON — Deutsche Bank reported net income of 692 million euros ($818 million) for the second quarter of this year. Analysts had forecast a net profit of 328 million euros for the quarter, according to data collected by Refinitiv. In comparison, the German lender had posted a net income of 908 million euros in the previous quarter, on the back of a strong performance in its investment banking division. However, recent reports suggested lower returns for this unit in recent months. The stock is up about 18% year-to-date. This is a breaking news story, please check back later for more.
    The New York Stock Exchange welcomes FREYR Battery (NYSE: FREY), on July 8, 2021, in celebration of its Listing.NYSE Global IPO activity had its hottest second quarter for 20 years by volumes and proceeds, with momentum set to continue for the remainder of the year, according to a new report from EY. Amid strong global stock market momentum and ample liquidity, traditional IPOs came back to the fore in the second quarter after the first was dominated by SPACs, the British professional services giant found. Throughout the first half of 2021, there were 1,070 IPOs raising a total of $222 billion in proceeds, respective annual increases of 150% and 215%. "IPO-bound companies wanting to take advantage of favorable market sentiment and high liquidity were keen to complete their transactions before an expected mid-year slow-down," Paul Go, global IPO leader at EY, said in the report. "Companies considering an IPO should prepare multi-pronged strategies that demonstrate resilience against geopolitics, the evolving COVID-19 pandemic situation, valuations and governance challenges." SPACs have been a hot topic over the past year, but U.S. SPAC...
    An illustration showing the cryptocurrency bitcoin with a price chart in the background.STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices. Companies in the nascent industry raised a record $4.38 billion, according to data from analytics firm CB Insights, up more than 50% from the previous quarter and a nearly ninefold increase from the same period a year earlier. Blockchain is the underlying technology behind most cryptocurrencies. It's essentially a digital ledger of virtual currency transactions which is distributed across a global network of computers. The largest financing round for a blockchain company in the second quarter was a $440 million investment in Circle, a payments and digital currency firm. Circle recently announced plans to go public through a $4.5 billion merger with a blank-check company. Ledger, which develops hardware wallets for people to store their digital currencies, attracted the second-biggest round in the quarter, raising $380 million. In a December interview, Ledger CEO Pascal Gauthier told CNBC the crypto market...
    American airline United Airlines has been plagued by an epidemic and continues to lose money in the second quarter, but it is optimistic about the months to thank for the resurgence in aviation. The company expects to post pre-tax adjusted profits for the second half of the year, especially with the gradual return of business travel at the end of the summer, a press release on Tuesday explains. Also read:United Airlines 270 places mega order for Boeing and Airbus aircraft There does not seem to be much concern about the rapid spread of the delta variant, which expects full revenue to meet demand by 2023. To prepare for this, the company put together the largest lineup in its history at the end of June: the 200 Boeing 737 Max and the 70 Airbus A321 Neo. Meanwhile, United Airlines lost another $ 434 million from April to June. However, when traffic in the United States was very low after the onset of the Covid 19 epidemic, the company largely reduced its losses compared to the second quarter of 2020 (1.6 billion)....
    With control of the closely divided House and Senate at stake in the 2022 midterm elections, fundraising in the 2021 off-year is already broadcasting intense and expensive campaigns that will consume next year. Fundraising totals don’t give a complete picture of the state of a campaign or organization, or how things stand in a given race, but they do start to paint a picture of which side has an edge or who is slacking. Here are three winners and two losers in the April through June second-quarter 2021 fundraising period: WINNER: Rep. Liz Cheney Despite being booted from her No. 3 House leadership position, in part over vocal criticism of former President Donald Trump, and facing at least seven primary challengers eager to unseat her next year, the Wyoming representative brought in $1.88 million in the period, multiples of all her primary challengers combined. CHENEY'S GOP CHALLENGERS NAVIGATE PRIMARY-WITHIN-PRIMARY WITH TRUMP AT THE CENTER That brings her 2021 total to $3.5 million, already flying past the $3 million she raised in the entire 2020...
    A McDonald's delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021.Jade Gao | AFP | Getty Images BEIJING — China reported second-quarter GDP growth that came in slightly below expectations, while retail sales and industrial production grew faster than forecast. The country's gross domestic product increased 7.9% in the second quarter from a year ago, the National Bureau of Statistics said Thursday. That fell short of Reuters' estimate of 8.1% growth for the April to June period. In the first quarter, GDP grew 18.3%, up from a contraction a year ago. That marked a 0.6% increase from the last quarter of 2020. Retail sales rose 12.1% in June from a year ago, more than the expected 11% level forecast by Reuters. Industrial production grew by 8.3%, greater than the 7.8% Reuters estimate. Retail sales growth has lagged that of the overall economy, and missed analysts' expectations for the first two months of the second quarter. In the last three months, Chinese authorities have also announced support for companies affected by the surge in...
    A Falcon 9 rocket booster lands after launching the company's Transporter-2 rideshare mission on June 30, 2021.SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. "This was the largest quarter on record for space infrastructure investment, despite only two space company SPACs closing in Q2," Space Capital managing partner Chad Anderson wrote in the report. The quarterly Space Capital report divides investment in the industry into three technology categories: Infrastructure, distribution and application. The first, infrastructure, includes what many would consider space companies, such as firms that build rockets and satellites. The other two categories, distribution and application, more broadly include companies that depend upon space technologies for business. Distribution represents terrestrial-based technologies that connect to space-based networks, while application includes space-dependent services, like ride hailing or navigation.VIDEO19:1519:15SpaceX is a leader in rocket launches, but Starlink is its golden ticketTechIn total, Space Capital tracks 1,553 companies with $199.8 billion in cumulative global equity investment since 2012 across its three...
    The National Republican Senatorial Committee (NRSC) raised what it spotlighted as a "record-breaking" $10.52 million haul last month, as the re-election arm of the Senate GOP builds resources as it aims to regain the Senate majority in the 2022 midterm elections. According to figures from the NRSC, which were released on Tuesday, the committee brought in $28 million in total during the April-June second quarter of fundraising and just over $51 million since the start of 2021.  FIVE BIG QUESTIONS AS THE GOP TRIES TO WIN BACK THE SENATE MAJORITY IN 2022 The committee also reported having more than $25 million in its coffers, which it touts is more than double the cash on hand it had at the same point in the 2020 election cycle. The NRSC added that it’s carrying no debt. The rival Democratic Senate Campaign Committee, which has yet to release its June or second quarter numbers, brought in $22.7 million in the first quarter of the year. "The NRSC is making historic investments in digital fundraising that are already paying dividends and will continue to throughout...
    EXCLUSIVE: Republican Sen. Marco Rubio of Florida brought in $4 million during the April-June second quarter of fundraising, his campaign reports.Rubio’s haul, shared first with Fox News on Thursday, is more than double the $1.6 million the senator raised during this year’s January-March first quarter. 2022 SENATE SHOWDOWN IN FLORIDA COULD BECOME MOST EXPENSIVE IN HISTORY Rubio, who was first elected to the Senate in the 2010 Tea Party wave and who grabbed plenty of national attention during his unsuccessful 2016 GOP presidential nomination bid, is gearing up as he runs in the 2022 midterm elections for a third six-year term. Sen. Marco Rubio, R-Fla., speaks during a Senate Appropriations Subcommittee looking into the budget estimates for National Institute of Health (NIH) and the state of medical research, Wednesday, May 26, 2021, on Capitol Hill in Washington. (Sarah Silbiger/Pool via AP) Rubio’s second quarter fundraising is more than any GOP Senate incumbent raised during the second quarter of 2019, the similar time period during the previous election cycle, his campaign pointed out. And it’s roughly $1 million more...
    Sen. Mark KellyMark KellySenate hopefuls embrace nuking filibuster The Hill's Morning Report - McConnell pressures Dem leaders to follow Biden's infrastructure lead The Hill's 12:30 Report - Presented by Facebook - Biden helps negotiate bipartisan infrastructure deal MORE (D-Ariz.) raised nearly $6 million in the second quarter of the year for his reelection bid, his campaign announced on Wednesday.  The massive three-month fundraising total eclipses the roughly $4.4 million he raised in the first quarter of 2021 and brings his campaign’s cash reserves to more than $7 million. More than 85,000 individuals gave to Kelly’s reelection operation over the past three months, his campaign said. The average donation was just $32.  “The swell in grassroots support we're seeing is a direct result of Mark delivering in the Senate and will be what fuels our people-powered campaign as we move full speed ahead into 2022,” Kelly’s campaign manager Emma Brown said in a statement.  Kelly, a former astronaut turned anti-gun violence activist, was elected last year to serve out the remainder of the late Sen. John McCainJohn Sidney McCainThe Hill's Morning...
    Visitors looking at a China-made Tesla Model Y electric vehicle at the Auto Shanghai 2021 show in Shanghai, China, on April 27, 2021.Qilai Shen | Bloomberg | Getty Images Tesla delivered 201,250 vehicles in the second quarter of 2021, the company reported. The quarter's deliveries fell short of expectations. Analysts were expecting Tesla to deliver around 207,000 cars during this period, according to estimates compiled by FactSet as of July 1. Estimates ranged from 195,000 to 231,000 deliveries. During the quarter, Tesla produced 206,421 vehicles total, including 204,081 of its Model 3 and Y, which are its more affordable mid-range cars. It produced 2,340 Model S and X vehicles, the company said. The second-quarter numbers broke the previous record set in Q1, when Tesla delivered 184,800 and produced 180,338 cars, even as production of its Model S and X vehicles fell to zero during that quarter. Tesla does not break out deliveries by region or model, and it does not report on production in China versus the U.S. The company is now producing Model 3 and Y vehicles at its...
    Traders on the floor of the New York Stock Exchange.Source: NYSE The monthly jobs report is the highlight in the coming week, as June winds down and markets start the second half of the year. Economists are expecting about 700,000 jobs, better than the 559,000 in May but below the forecasts of several months ago that payroll creation would be rolling along with monthly gains of 1 million or more. The report is a key read on the labor market, which has replaced lost jobs more slowly than expected as companies complain about worker shortages and difficulty finding help. But it is also being watched as a gauge on how sticky the current jump in inflation might be. Rising wages are one thing to watch but also worker scarcity, since that can make goods and services more expensive. Stocks have turned in a mixed performance for the month of June so far. The S&P 500 was up 1.8% as of Friday for the month, and up 7.7% in the second quarter for a 15.5% year to date gain. The Nasdaq...
    In this article KSS TGT WMT AMZN Amazon Prime delivery vans sit parked near a Walmart store on September 03, 2020 in Richmond, California.Justin Sullivan | Getty ImagesAmazon on Thursday confirmed that its annual Prime Day deals event will be shifting earlier this year, as the e-commerce giant looks to boost spending in what is normally a slower time in the retail calendar. The company has yet to confirm the specific date. The two-day shopping extravaganza originally has been held in July, but Amazon said it will now take place in its second quarter, implying a June event. Amazon provided a second-quarter outlook for revenue of between $110 billion and $116 billion — which surpassed Wall Street's projection of $108.6 billion, as it included an expected bump from Prime Day. During an earnings conference call, Chief Financial Officer Brian Olsavsky said Amazon intended to hold Prime Day earlier in the year in 2020, but those plans were thwarted due to the Covid pandemic. Instead, the event was delayed until October, resulting in an earlier-than-ever kickoff to the holiday shopping...
    People walk past the closed iconic brasserie Les Deux MagotsLUDOVIC MARIN | AFP | Getty Images LONDON — The euro zone economy contracted in the first quarter of 2021, as countries implemented new lockdowns and restrictions amid a third wave of coronavirus infections. Gross domestic product (GDP) in the region fell by 0.6% quarter-on-quarter, according to preliminary data released by Europe's statistics office Eurostat. Most of the region's largest economies — Germany, Italy and Spain — all saw a decline in activity during the first three months of the year.French surpriseFrance was the exception, with Europe's second-largest economy posting better-than-expected growth of 0.4% in the first quarter. Though the French economy remains below its pre-Covid levels, the growth numbers will bring some reassurance going into the second quarter. French President Emmanuel Macron announced earlier this week an easing of measures going forward, with cafes, bars and restaurants able to offer service outdoors from May 19 — which could help the economic recovery.Contractions elsewhereHowever, in Germany, the economy contracted 1.7% over the same period. It's worse than the 1.5% decline that...
    For the first time ever, CNN’s Cuomo Prime Time was the most-watched cable news show in the valuable demographic of viewers age 25-54 for the first quarter of 2021. Cuomo was also CNN’s highest-rated show in both total viewers and in the demo for the quarter, according to data from Nielsen. Cuomo drew an average 658,000 viewers in the demo in the first quarter, and almost 2.5 million viewers total. MSNBC’s The Rachel Maddow Show was second in the demo, with 619,000, and was the most-watched show overall in the quarter, averaging 3.73 million viewers total. CNN’s Anderson Cooper 360 was third in the demo, with 611,000 viewers, and nearly 2.3 million viewers total. Notably, Cuomo had the most growth in cable news in app of prime time, up 66% in total viewers, and 50% in the demo, compared to the first quarter of 2020. The show also delivered CNN’s best overall rating in the 9 p.m. hour ever. The win for host Chris Cuomo mirrors CNN’s similar win in the demo for the quarter. CNN dominated in the...
    Kevin Kahovec and Mary Kate McGovern chat at Rizzo's Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021.Eileen T. Meslar | Reuters The nation's economic growth is in for a boost in the second quarter, as parts of the economy most impacted by the pandemic reopen. Never before has the service sector led the U.S. into a recession. Nor have so many trillions of dollars in stimulus been applied. But with more Americans vaccinated and more states reopening activities, the economy could sizzle as retailers, restaurants, hotels, gyms and other service-oriented businesses see a sudden surge in demand. The stock market has been trading higher on these expectations for months. However, if the strong activity results in a better earnings outlook, it could further fuel the rally. The S&P 500 was trading at a record high Thursday, crossing 4,000 for the first time as the new quarter began. "Some of it is factored in, and if there's a risk, it's to the upside rather than the downside," said Sam Stovall,...
    This article was written by WTOP’s news partner InsideNoVa.com and republished with permission. Sign up for InsideNoVa.com’s free email subscription today. The numbers of Prince William County middle- and high-schoolers failing at least two classes increased dramatically during the first half of this school year as students struggled with virtual learning. According to information provided by school division staff, while the number of students failing typically increases from the first quarter to the second quarter of each school year, those numbers are particularly elevated in 2020-21. In Prince William high schools, the percentage of students failing two or more classes went from 21.9% in the first quarter of the school year to 26.3% in the second. A year earlier, before the COVID-19 pandemic stopped schooling in its tracks and forced schools to close to in-person learning, the percentages in the first two quarters were 10.4% and 15.1%, respectively. The increase among middle schoolers has been even more pronounced. In 2019-20, the percentage of students failing more than one class went from 3.9% in the first quarter to 5.1% in the second. A year later,...
    The Minister of Health, Carolina Darias, announced this Sunday that Spain will receive 5.5 million doses of Janssen’s vaccine in the second quarter, of which 300,000 will be received from the second half of April1.3 million in May and 3.9 million in June. In an interview in La Sexta, the minister also pointed out that the goal of 70% of the vaccinated population “is within reach” and he has pointed out that Spain is going to “climb a lot” as of April in the number of vaccines that will be received. Thus, Darias recalled that the epidemiological situation is in “a valley area” with data in “ascent” in nine communities that “already worry”, as they are the one of the accumulated incidence to seven days. “It is up to us that we do not go to the fourth wave,” said the minister.
    Daniel Acker | Bloomberg | Getty Images The 10-year U.S. Treasury yield is likely to hit 2% by the end of the year but could spike "well above" that in the second quarter, according to ING senior rates strategist Antoine Bouvet.  Bouvet told "Street Signs Europe" on Wednesday that the envisaged re-opening of the economy in the second quarter, when it's hoped the vast majority of the U.S. population will be vaccinated against the coronavirus, will result in strong retail sales on the back of the U.S. government's stimulus package.  All these factors will "contribute and conspire towards optimism in the market and then towards that spike in U.S. Treasurys," Bouvet said, expecting yields to reach a "minimum" of 2%. VIDEO3:0103:0110-year U.S. Treasury yield to hit 2% by the end of the year: ING strategistStreet Signs EuropeThe 10-year U.S. Treasury yield, which is considered an indicator of investor sentiment on the economy because it is a benchmark for debt such as mortgage rates, hit a 13-month high of 1.6% during this past week. The yield has since move back slightly but...
    MADRID, Feb 25 (.) – The Spanish company Meliá Hotels posted heavy annual losses in 2020 as the COVID-19 pandemic put the travel industry around the world into hibernation, the company reported on Thursday. However, it projects that demand will begin to rebound from the second quarter. “The uncertainty and restrictions mean that the company keeps its contingency plan activated during the first quarter, trusting in a progressive recovery from the second quarter thanks to advances in vaccination and treatment of the disease, and the improvement in coordination for international mobility, “the company said in a statement. The Mallorca-based firm posted a net loss of 595.9 million euros (728.67 million dollars), compared to a profit of 222.8 million euros in 2019, while revenues plummeted 71%, up to 528.4 million. However, advances in coronavirus vaccination and treatment should drive a gradual recovery in the second quarter and the company said it “views with moderate optimism the strong rebound in reserves from May and June, induced – especially in the holiday segment – for improvements in pandemic control and opening of borders...
    The prices of second-hand housing in Paris climbed 5.4% year-on-year in the fourth quarter of 2020, with an average of 10,770 EUR per square meter, but began to decline slightly which could continue into 2021, according to the Chambre des notaires . In the capital, “prices took a break from the 3rd to the 4th quarter of 2020, going from 10,790 EUR per m2 to 10,770 EUR”, according to the Chambre des notaires du Grand Paris. “After a historic record in November 2020 (10,850 EUR per m2) followed by a decline, the downward trend in prices should continue in the coming months in Paris. The annual increase could be less than 1%, which is not not arrived since 2015 “, adds the organization in a press release. Read also: The fall in prices in old real estate in Paris: why, how far? “Today the tension [sur les prix] decreases “but” when the goods are at market price, sales are made without negotiation “, commented during a press conference Thierry Delesalle, the president of the commission of real estate statistics...
    The bull of Wall Street is seen during the pass of the snowstorm on January 31, 2021 in New York City.Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy in the week ahead. In the past week, expectations for a strong economic rebound helped boost interest rates. While the broader stock market was choppy, sectors that do well in a rebound – financials, airlines and industrials – stood out as leaders. This is known as the reflation trade. Those stocks gained at the expense of growth and technology, down 2%. Strategists expect that reflation trade to continue as signs suggest that the economy could make a sharp comeback. The S&P 500 was down 0.7% on the week to 3,906, while the Dow was up a tiny 0.1% at 31,494. The Nasdaq was off 1.57% for the week, to 13,874, with the decline in tech. Apple, for instance, gave up 4% on the week. Zoom...
    DALLAS (CBSDFW.COM/AP) — For the first time in 11 months the Dallas Mavericks played before home fans and they gave them quite a show. Kristaps Porzingis had 27 points, 13 rebounds and six blocks and Luka Doncic scored 26 points in their 127-122 win over the Minnesota Timberwolves on Monday night. Tim Hardaway Jr. added 24 points off the bench as the Mavericks won their second straight at home after a six-game skid at the American Airlines Center. They led by 25 in the second quarter before the Timberwolves pulled within 123-120 with 50 seconds left. RELATED: Dallas Mavericks Welcoming Vaccinated Essential Workers With In-Person Fans At Home Games Josh Richardson hit a jumper with 27 seconds to go for a five-point lead and Malik Beasley missed a 3-pointer seconds later. “We’ve got to do a better job of closing out games,” Dallas coach Rick Carlisle said. “This is an experience we’re going to have to learn from. We’re a young team that simply has to learn from these situations.” Dwight Powell #7 and Luka Doncic #77 of the Dallas...
    Peloton has posted $1 billion in sales for its fiscal second quarter and increased its sales outlook for 2021 to $4 billion as gym enthusiasts continue to turn to the at-home fitness equipment maker while the pandemic rumbles on. The company announced its second quarter fiscal 2021 financial results Thursday recording quarterly sales growth of 128 percent and taking single quarter revenue over $1 billion for the first time in its nine-year history.  This marks a major turnaround for the high-end exercise bike firm just one year after its value plummeted by more than $1 billion in the wake of its 'sexist' and 'dystopian' Christmas 2019 advertising campaign.   Peloton emerged from the scandal to become one of the winners during the coronavirus pandemic as gyms shuttered and people switched to working from home.   But despite sales and earnings growth, shares plunged by more than 8 percent in extended trading Thursday as Peloton admitted it is still struggling to keep up with the increased demand.  The company announced it will invest more than $100 million in air freight and ocean freight over...
    LA TRIBUNE – How was the activity behaving before the tightening of the travel restrictions put in place on Monday January 18? ANNE RIGAIL – After the second lockdown from November to mid-December, during which domestic and European traffic fell to very low levels, we observed a rebound for the end of year holidays. As soon as deconfinement was confirmed (December 10, Editor’s note), reservations on the domestic network quadrupled and our traffic represented 55% of that of the same period in 2019. It was mainly passengers “. leisure “, which was felt on the level of unit revenue. Long-haul was also dynamic, particularly to the “Indian Ocean Caribbean” network and Dubai. On the other hand, the medium-haul network was limited by the reconfigurations of other European countries. Before the French government’s announcement last Thursday, we planned to put nearly 45% of our offer into service in January, including nearly 50% on our long-haul network, which remains relatively dynamic. Long-haul activity is driving business upwards, thanks to the strength of freight transport. As has been the case since the...
    . Mexico registers more than 20,000 new cases of coronavirus for the second consecutive day MEXICO CITY, Jan 16 (.) – Mexico reported more than 20,000 new confirmed cases of coronavirus on Saturday for the second day in a row, one of the highest daily numbers of infections recorded since the epidemic that began in China late arrived in the country. In total, health authorities reported that 20,523 people were infected with COVID-19, for a cumulative of 1,630,258 in the Latin American nation.
    Savannah Rychcik December 1, 2020 0 Comments Dr. Anthony Fauci is predicting when the United States could have herd immunity to COVID-19. According to the Centers for Disease Control and Prevention (CDC), herd immunity is a “situation in which a sufficient proportion of a population is immune to an infectious disease (through vaccination and/or prior illness) to make its spread from person to person unlikely.” During a news conference with Colorado Gov. Jared Polis (D) Tuesday, Fauci said he believes vaccines will be available for the general population in April. “Once we get there, we can crush this outbreak, just the way we did with smallpox, with polio and with measles. So we can do it, we just need to hang together a bit longer,” Fauci said. He added, “Because, not only Colorado but so many states are at the brink of being overrun with regard to their capability of taking care of people in a proper way, particularly in intensive care.” Fauci predicted the nation could “very likely… have [an] overwhelming majority of the people...
    Did you know it was already the second quarter of the Patriots game? Twitter didn’t. The New England Patriots might be one of the few teams that will draw in attention against the New York Jets, but not for the right reasons. With both franchises struggling, it could be the end of an era for Bill Belichick’s squad, which is trying to thrive in life post-Tom Brady.
    A bookseller stands at the doorstep of his shop in Bordeaux on October 29, 2020, as a new Covid-19 lockdown comes into effect at midnight.PHILIPPE LOPEZ | AFP | Getty Images LONDON — The French economy bounced back in the third quarter as it profited from a summer period with few social restrictions. However, the focus is now on the final quarter of the year after the two largest economies in the euro area announced nationwide lockdowns. France's gross domestic product grew by 18.2% between July and September, the country's statistics office, Insee, said in a preliminary reading. France's GDP had contracted by 13.7% during the second quarter, which included the first full month (April) of nationwide lockdown in the wake of the coronavirus pandemic. "The massive increase in French GDP in the third quarter is of no comfort to French policymakers or households, who are now contending with a second national lockdown," Andrew Kenningham, chief Europe economist at Capital Economics, said in a note. Despite the improvement during the summer period, "GDP remained well below the level it had...
    The Kansas City Chiefs Opened in the second quarter in midfield. On the second and 10th, the Denver Broncos forced the heat Patrick Mahoms Throw the ball. Injured Reserve Tremont Jones was recently activated Mahoms Below the third Broncos From the second job of the game to force a ball. A perfect punt fitted the Broncos on their own one side of the drive line next to them. Drew Lock Denver will run a quarterback sneak first to provide some breathing room there. Melvin Gordon He will bring both six and Denver to the next play. When the lock strikes they escape from the shadow of their own zone Jerry Judy Seven yards gain and first down. After two plays, Philip Lindsay 20 yards open it for profit. Lindsay Backup it with another carry for nine yards. Coming to Denver Midfield Garden Taking four yards in the next play to the first play. From there Drew Lock things became ugly. He first took a sock down, then dropped a Big Six a second down Chiefs. Chiefs 17, Francos 6. Lindsay...
    Jetpack man may be a mystery, but these people also took flight in unconventional ways Restaurants and bars owned by celebrities Opinion: In thrashing Aaron Rodgers, Buccaneers prove theyre more than the Tom Brady show TAMPA, Fla. — At one point during the dismantling of Aaron Rodgers and the hottest offense in the NFL, Todd Bowles made a point to his Tampa Bay Buccaneers defense about respect. © Mark LoMoglio, AP Tampa Bay Buccaneers outside linebacker Jason Pierre-Paul (90) and inside linebacker Lavonte David (54) celebrate after sacking Green Bay Packers quarterback Aaron Rodgers (12) during the second half of an NFL football game Sunday, Oct. 18, 2020, in Tampa, Fla. Let Devin White, the high-energy Bucs linebacker, relay the prodding that came from his coordinator on the sideline. After falling behind 10-0, the Bucs needed to change their mindset in a hurry. “We’re respecting those guys too much,” White recalled of Bowles’ chatter after Tampa Bay’s defense led the way to a 38-10 thrashing of the Green Bay Packers. From NFL plays to college sports scores, all the top sports...
    The Premier League has a VAR crisis. The NFL has a solution Popular Groceries People Are Already "Panic Buying," Say Experts Earnings season is highlighting the uneven playing field in the year of the pandemic EARNINGS OUTLOOK © Getty Images Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic The U.S. third-quarter corporate earnings reporting season kicked off this week and the numbers reflect a second quarter dominated by the coronavirus pandemic that has created an uneven playing field in which some companies thrive, while others shrink and fade. Load Error While stock indexes have set records and big technology and online retailers have outperformed, many other industries and individual companies are grappling with deteriorating sales and earnings as economic growth has slumped across the globe. “A lot of company risk is not being captured by equity indices,” said James Gellert, chief executive of Rapid Ratings, a data and analytics company that assesses the financial health of private and public companies. “The equity market is showing a lot of optimism, but below...
    Ex-WWE star, Combate Americas fighter Alberto Del Rio indicted in kidnapping, assault case Gorgeous Photos of Sea Life That Will Take Your Breath Away U.S. corporate earnings reports will shine a light on the uneven playing field in the year of the pandemic EARNINGS OUTLOOK © Getty Images Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic The U.S. third-quarter corporate earnings reporting season will kick off next week and the numbers will reflect a second quarter dominated by the coronavirus pandemic that has created an uneven playing field in which some companies thrive, while others shrink and fade. Load Error While stock indexes have set records and big technology and online retailers have outperformed, many other industries and individual companies are grappling with deteriorating sales and earnings as economic growth has slumped across the globe. “A lot of company risk is not being captured by equity indices,” said James Gellert, chief executive of Rapid Ratings, a data and analytics company that assesses the financial health of private and public companies. “The...
    Coronavirus Is Spreading Quickly in 31 of 50 U.S. States, Data Shows How To Support Restaurants and Their Workers Right Now Historic decline in U.S. GDP in the second quarter 31.4% annual pace ECONOMIC REPORT © Getty Images Employees at Spectrum Solutions prepare COVID-19 saliva test kits. The U.S. economy is finding ways to get back to business despite the prevalence of the coronavirus. The numbers: The record decline in the U.S. economy in the early stages of the coronavirus pandemic was lowered slightly to a 31.4% annual pace — setting the stage for a big rebound in the third quarter. Load Error The decline in gross domestic product, the official scorecard of the U.S. economy, was previously put at 31.7% during the months of April, May and June. The economy has been on a comeback since the start of the summer and GDP is expected to show a big snapback in the third quarter. Economists polled by MarketWatch predict the U.S. is likely to expand at a record 25% annual clip during the July-to-September time frame....
    Brisbane broke its scoring bar with a 45-point cueclash victory over Gold Coast in Cuba on Wednesday night, but the Lions were again left out of the injury count. Five days after Virgin Australia lost the AFL to all Australian Harris Andrews for six weeks, The Lions are now sweating over the consequences of injuries to young stars Jarrod Perry (shoulder) and Brandon Starchevic (concussion)., Both failed to return after half an hour. Lions vs Sons Full match coverage and stats Lachie Neil (33 outs, 19 competed) improved her Brownlow medal chances with another outstanding display and won the second Marcus Ashcraft medal for best offfield with a victory of 13.10 (88) to 6.7 (43). The No. 1 draft Big Game Rainer (12 touches and three goals) played one of his best games for the club, dominating the first quarter. After kicking only two goals in his previous five tours, Charlie Cameron (2.3) looked back on his gypsy best, just like captain Dane Sorco (24 disposals and two goals). Brisbane are now in second place with its fifth win, and...
    Playoffs NBA 2020 Los Angeles Angelenos broke the game in the second quarter Kawhi Leonard, pounding the rim for the Nuggets. . Los Angeles Clippers, commanded by an exalted Kawhi Leonard, They left no room for doubt and comfortably beat the Denver Nuggets 120-97 in the first game of their Western Conference second-round series. Those of Doc Rivers, with a great choral game, swept those of Mike Malone from the second quarter. The Clippers proved to be a lethal team in the Western Conference and a candidate for everything in the NBA. For their part, the Nuggets they will have to improve their performance a lot from the second game if they want to have options to face the Angelenos. The Clippers’ offense with Leonard at the helm (29 points), was a real nightmare for the Nuggets who failed to stop them. Seconded by Paul George (19 points) and Marcus Morris (18 points), the Angelenos took off from the scoreboard before the break after the equality of the first quarter (31-31). From there, the...
    Hong Kong/Sydney (CNN Business)The coronavirus pandemic has officially pushed Australia into its first economic recession in nearly three decades.The country's GDP contracted 7% in the second quarter compared to the prior one, the Australian Bureau of Statistics (ABS) said Wednesday. It marks the second straight quarter of declines for Australia — GDP shrank 0.3% in the first quarter — and the largest drop since records began in 1959. It was also worse than the estimated 5.9% drop expected in a poll of analysts by Refinitiv.Military escorts, two weeks of quarantine: What its like to fly into Australia right nowAuthorities attributed the fall to the pandemic and shutdown measures the country has taken to contain it, though Australia had already been wrangling with issues before then. The country was ravaged earlier this year by the worst wildfires it had seen in decades, which hampered consumer spending and tourism, according to the Australian Tourism Export Council.In the most recent quarter, the closures of hotels, restaurants and other services because of the pandemic clearly took a hit: Household consumption plunged more than 12%,...
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