Business

Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully crafted plans for returning students to campus, school officials say.  At the University of Tennessee,  Chancellor Donde Plowman called out fraternities Tuesday for hosting secret parties and giving others tips on how to avoid the
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Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter
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Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci (R) listens as US President Donald Trump speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 24, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images The current data on the U.S. Covid-19 outbreak
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Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic.  The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes
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SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images LONDON — SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy.
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People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported Friday. That’s the lowest rate since
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