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Cuomo threatens to revoke PSEG’s operating license, Con Edison, for ‘terrible’ response to Isaiah

The main Fox Business Flash titles are here. Check out FoxBusiness.com. Tens of thousands of customers run out of power in New York a week after Tropical Storm Isaiah exploded northeast, prompting Gov. Andrew Cuomo to threaten to revoke state operating licenses for two utilities. In a statement Monday, Cuomo said he ordered the Civil Service Commission to conduct an …

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Wall Street Nears record market highs: live updates

Here’s what you need to know: Wall Street reached a remarkable milestone on Tuesday, one that challenges the human and economic toll of the coronavirus pandemic, the worsening of U.S.-China relations, and a stalemate in Washington that is maintaining efforts to support Americans. The S&P 500 only rose slightly in early trading, but is a short distance from its 1986.15 …

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Stripe poaches online payment group, head of finance at GM

Stripe has stepped up Dhivya Suryadevara, chief financial officer of General Motors, who has bolstered its executive team as the San Francisco-based online payments company leads a wave of e-commerce growth. Hiring a big-name CFO is often considered a precursor to an initial public offering for a fast-growing private company like Stripe, which was valued at $ 36 million earlier …

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Golds are above 4% and are reduced to the sharpest daily slide in 5 months as the pop occurs.

Gold futures fell sharply early Tuesday, putting the newspaper on its most intense daily slide in nearly five months, as global stocks strengthened in hopes that Russia would approve the move. coronavirus vaccine, although this approval garnered some skepticism from experts. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, however, has already questioned the safety and …

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Gold and silver consolidate after overvoltage

What is our business approach? XAUUSD – Spot spot XAGUSD – Silver plated XAUXAG – Gold-silver ratio IGLN: xlon – iShares Gold Physical ISLN: xlon – iShares Physical Silver Gold was quietly trading around $ 1800 / oz when I started my annual summer vacation in mid-July. Fast forward three weeks and the market has risen by more than $ …

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U.S. bankruptcies have been on record for up to ten years with more than 100 consumer companies already filing

U.S. bankruptcies are at a ten-year high and 424 companies filed on Aug. 9, according to S&P Global Market Intelligence. The group’s analysis took into account both public and private companies with public debt. The coronavirus has hit consumer companies hard, with more than 100 bankruptcy filings, including Wearhouse’s main man, Tailored Brands Inc. TLRD, + 4.57%, department stores Lord …

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Nio shares rise to record territory after lower-than-expected losses, and higher delivery prospects

Shares of Nio Inc. NIO, + 5.88% This Tuesday, the Chinese-based electric vehicle manufacturer recorded a loss of 8.8% in record territory, after the Chinese-based electric vehicle manufacturer recorded a loss for the second quarter, about half than expected as revenue doubled and provided an optimal delivery outlook for the current quarter. The net loss was reduced to RMB 1.21 …

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Jamie Dimon: The stock market doesn’t reflect the pain of Americans

“When you have 13 million people out of work and you have people who suffer and suffer small businesses, that’s a lot more important than the vicissitudes of Wall Street,” Dimon told CNN’s Christine Romans. “That’s what we should be concerned about.” Dimon said companies need to do more to help low-income, minority Americans. That’s why he joined a new …

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Stifel cuts developer vaccine price target against COVID-19 Inovio vaccine as a benefit and calls to leave more questions than answers

Stifel analysts cut the stock price target for Inovio Pharmaceuticals Inc. AND NO, -6.08% to $ 16, up from $ 24, on Tuesday after the company posted a broader-than-expected second-quarter loss and revenue, which was reduced by estimates. Inovio is one of the companies working to develop the candidacy for the vaccine against COVID-19. The numbers and the call “left …

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Here’s how Goldman says the S&P 500 would react to more US and Chinese tariffs and why the November election result is key

New hopes for some other stimulus package and signs of a pandemic slowdown may slow a rise in stocks on Tuesday. President Donald Trump signed executive orders over the weekend, postponing payroll taxes and expanding unemployment benefits, but investors hoped talks would resume on a larger bailout package. Sentiment received a further boost, as Trump suggested that he be considering …

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