Marks and Spencer Black Friday: Here's how to get up to 50% off

Business Wire
AllianzGI Dividend, Interest & Premium Strategy Fund Announce Portfolio Manager Changes
Allianz Global Investors U.S. LLC ("AllianzGI U.S."), investment manager to AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the "Fund"), announced today that effective February 1, 2021, Justin Kass, CFA, will become the lead portfolio manager of the Fund and will assume overall responsibility for coordination of the Fund’s portfolio – between equities, options and convertible securities – in addition to serving as a day-to-day portfolio manager of the Fund’s convertible securities sleeve. Jeffrey Parker, CFA, who has served as the lead portfolio manager of the Fund will no longer be a listed portfolio manager of the Fund. In addition, Kris Marca, CFA, will become a portfolio manager of the Fund with responsibility for its equity and option securities sleeves.
a minute ago
Yahoo Finance
From ‘brain drain to brain gain’: Miami mayor’s plan to turn the city into a tech hub
Miami Mayor Francis Suarez is hoping to establish his city as the next great tech hub.
2 minutes ago
Bloomberg
Bitcoin Losses Gather Pace, With Prices Nearing Three-Week Low
(Bloomberg) -- Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzling rally gives way to pessimism that prices are too high.Bitcoin tumbled as much as 11.3% Thursday, sliding below $31,000. The largest digital asset has trended lower ever since breaking through $40,000, and losses have accelerated in the past two days.While soaring crypto prices fueled a speculative mania among the Robinhood crowd, it’s also made professional investors reluctant to buy at the top. Prices are still more than double the levels from early November and some technical analysts have argued that a retracement is overdue. It last traded below $30,000 on Jan. 5.“Bitcoin has already achieved the fastest-ever price appreciation of any must-have asset,” wrote JPMorgan Chase & Co. strategists John Normand and Federico Manicardi in a report on Thursday. “Current prices are so far above production costs that mean-reversion lower in returns is a recurring concern.”Bitcoin was down 10% to $31,459 as of 4:51 p.m. in New York. Prices are on track for their first back-to-back weekly decline since early October.Adding to the anxiety, a report in a trade blog suggested that there had been what’s known as a double purchase, where the same “coin” is used in two separate transactions. Industry veterans downplayed the notion.“This is part of the normal operation of the blockchain to allow for a highly parallel system,” said Jacob Illum, chief scientist at researcher Chainalysis. “Occasionally, the Bitcoin blockchain will have competing mined blocks, but only one chain-forming from competing blocks will be accepted by the network.”However, should a double spending event actually occur, it would be a cause for concern in the market, according to Edward Moya, senior market analyst at Oanda.Chart patterns suggest the market is consolidating within a “bullish pennant” formation, according to Matthew Weller, head of research at Gain Capital Group LLC. A sharp move higher could push prices above $50,000, while a break lower would point to a deeper retracement below $30,000, he predicted.“It would likely take a more severe drop to erase the established uptrend,” Weller wrote in a note.Despite the selloff, Wall Street hasn’t lost interest in the new asset class. On Wednesday, BlackRock Inc. filed paperwork to add Bitcoin futures as an eligible investment in two funds, the first time the money manager is offering clients exposure to cryptocurrency.Read More: BlackRock Takes First Step Into Crypto Exposure in Two Funds(Updates prices.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
4 minutes ago
In The Know
These are the best discounted products from Nordstrom's beauty section
If there's one thing we love, it's a good sale.
5 minutes ago
Reuters
Children of Incan nobles found entombed in Peru after 500 years
Tombs containing the remains of two children thought to have belonged to the Incan societal elite have been discovered by a group of experts in northern Peru in the boundaries of a 500-year-old archaeological site, the leader of the team that carried out the excavations said on Thursday. The tombs were discovered in December as part of excavations at the "Huaca de las Abejas" complex in the region of Lambayeque that began in 2017. Archaeologists have uncovered the remains of 49 people, including most recently the two children, Jose Escudero, archaeologist at the Túcume museum 780 kilometers (485 miles) north of Lima, told Reuters.
6 minutes ago
Associated Press
CSX profit slips in 4Q but railroad hauls 4% more freight
CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. Without that, CSX would have reported earnings per share of $1.04. The results topped Wall Street expectations.
6 minutes ago
AOL
Underwater camera captures kingfisher's diver
Story and video from SWNS A dramatic fish-eye view shows life from beneath the surface - as a hidden underwater camera captures the moment a kingfisher dives from above to catch its next meal. The hidden GoPro camera shows the last peaceful
7 minutes ago
Good Housekeeping
50+ Latinx-Owned Businesses You Need to Know About ASAP
Shop and be an ally? It's a win-win.
7 minutes ago
House Beautiful
The Craziest White House Amenities Added by First Families
President Ford had an underground passageway created so he wouldn't have to go outside to get to the pool.
8 minutes ago
HuffPost
Republicans Celebrate Democracy After Lying About Fraud, Voting To Overturn Election
Do Ted Cruz and Kevin McCarthy think people will just forget what they did?
9 minutes ago
Bloomberg
IBM Quarterly Revenue Miss Shows Cloud Struggles Continue
(Bloomberg) -- International Business Machines Corp. reported quarterly revenue that missed analysts’ estimates, signaling Chief Executive Officer Arvind Krishna’s plans to shed legacy businesses and focus on cloud services will take more time to bear fruit.Sales fell 6.5% to $20.4 billion in the three months ended Dec. 31, the Armonk, New York-based company said Thursday in a statement. That was below the $20.75 billion analysts had forecast, on average, and marked the 10th consecutive quarter with no year-over-year increase in revenue. The shares fell in extended trading.Last October, Krishna announced he would spin off IBM’s managed infrastructure services unit into a separate publicly traded company. The division, which is currently part of IBM’s Global Technology Services division, handles day-to-day infrastructure service operations, like managing client data centers and traditional information-technology support for installing, repairing and operating equipment. While the unit accounts for about a quarter of IBM’s sales and staff, it has seen business shrink as customers embraced the shift to the cloud, and many clients delayed infrastructure upgrades during the pandemic. The spinoff is scheduled to be completed by end of 2021.Revenue declined across IBM’s business segments in the fourth quarter. Cloud and Cognitive Software, IBM’s biggest unit, saw revenue decrease 4.5% from a year earlier. That follows a 7% gain in that unit in the third quarter. Total cloud revenue increased 10% to $7.5 billion. In Global Technology Services, revenue fell 5.5% while sales from Global Business Services dropped 2.6%. Systems, which includes hardware and operating systems software, saw sales decline 18%.Krishna said the company’s actions to focus on cloud and artificial intelligence “will take hold,” and give him “confidence we can achieve revenue growth in 2021.” The company hasn’t given specific financial forecasts since it withdrew its annual projection for 2020 in April.IBM fell about 6% in extended trading after closing at $131.65 in New York. The stock has declined about 5% over the past 12 months.“It’s more or less a reflection of the difficult spot they’re in,” in trying to restructure the business, said Daniel Elman, an analyst at Nucleus Research.IBM seeks to distinguish itself from its bigger rivals in cloud, such as Amazon.com Inc. and Microsoft Corp., by offering a hybrid model, which assists clients in storing and computing data across on-premises infrastructure, private cloud services and servers run by public providers. Krishna was the driving force behind IBM’s $34 billion purchase of open source software provider Red Hat in 2018, the first step toward transitioning IBM into what it sees as a $1 trillion hybrid-cloud market, and which now leads much of the company’s growth. Red Hat revenue increased 19% in the fourth quarter to $1.3 billion.IBM continues to make acquisitions to bolster its cloud credentials. The company has made seven acquisitions focused on cloud and AI since October, Chief Financial Officer James Kavanaugh said in the statement, including Taos Mountain LLC, a firm that helps companies shift software and data online, and Instana, which manages cloud applications.Fourth-quarter earnings excluding some costs were $2.07 a share, beating the average analyst estimate of $1.79. Gross margin was 52.5%, 1.3 percentage points higher than analysts’ expected.(Updates with analyst comment in seventh paragraph. A previous version of this story corrected the spelling of the CEO’s name in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
10 minutes ago
Business Wire
Magellan and Enterprise to Develop Joint Houston Crude Oil Futures Contract
Magellan Midstream Partners, L.P. (NYSE: MMP) and Enterprise Products Partners L.P. (NYSE:EPD) today announced that affiliates of the two companies have entered into an agreement to jointly develop a futures contract for the physical delivery of crude oil in the Houston area in response to market interest for a Houston-based index with greater scale, flow assurance and price transparency. The quality specifications will be consistent with a West Texas Intermediate ("WTI") crude oil originating from the Permian Basin with delivery capabilities at either Magellan’s East Houston terminal or Enterprise’s ECHO terminal in Houston.
10 minutes ago
People
Justin Timberlake Was 'Deeply Honored' to Sing 'Better Days' with Ant Clemons for Biden Inauguration
"Today we all watched @joebiden and @kamalaharris take office — and make history," wrote the star
11 minutes ago
Business Wire
Geron Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Geron Corporation (Nasdaq: GERN) today reported that it has granted non-statutory stock options to purchase an aggregate of 120,000 shares of Geron common stock as inducements to newly hired employees in connection with commencement of employment with the Company.
11 minutes ago
Business Wire
Boston Private Reports Fourth Quarter and Full Year 2020 Results
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the "Company" or "Boston Private") today reported fourth quarter 2020 Net income attributable to the Company of $25.0 million, compared to $22.7 million for the third quarter of 2020 and $21.2 million for the fourth quarter of 2019. Fourth quarter 2020 Diluted earnings per share were $0.30, compared to $0.28 in the third quarter of 2020 and $0.26 in the fourth quarter of 2019.
11 minutes ago
Bloomberg
Intel Gives Upbeat Forecast on PC Demand; Shares Jump
(Bloomberg) -- Intel Corp. gave an upbeat forecast for the current quarter on continued demand for personal computers that enable working and studying from home.The results, released before the market closed on Thursday, sent the shares higher in New York. The stock then dipped slightly in extended trading. Revenue in the period ending in March will be about $17.5 billion, the Santa Clara, California-based company said. This excludes the memory chip division Intel is selling. Analysts were looking for $16.2 billion on average, according to data compiled by Bloomberg.Intel sees strong demand for laptops through the first half of the year, Chief Financial Officer George Davis said in an interview. Earnings in the second part of the year will partly depend on whether corporations increase spending on new hardware, he added.“The question is will we see support from enterprise,” he said. “They’ve been very quiet.”The world’s largest chipmaker shared no new details about its manufacturing plans in its earnings statement on Thursday. The company will address this during a conference call with analysts later on Thursday. Investors have been waiting to see if Intel will outsource more production.Intel recently decided to replace Chief Executive Officer Bob Swan with Pat Gelsinger, a former insider who left in 2009 after decades at the company. It made the change after falling behind in manufacturing, a lapse that’s offering rivals the chance to make better chips for the first time in more than a decade.Read more: Intel Goes Back to Roots With Gelsinger to Regain Chip LeadSwan was due to announce a plan on Thursday to outsource more manufacturing to other companies or try to reclaim Intel’s leadership in production technology. Gelsinger takes over officially on Feb. 15 and he is taking more time to devise his own strategy.“Longer term, it goes beyond the make-vs.-buy decision,” Ambrish Srivastava, an analyst at BMO Capital Markets, said in a note published before Intel earnings. ‘’What we are looking for is how Intel addresses what appear to be recurring issues it has had on that front. For that, we will likely have to wait to hear from the new CEO.”Intel’s stock rose 6.5% to close at $62.46 in New York. The shares declined 17% in 2020 but have rebounded following Gelsinger’s appointment.While Intel is currently benefiting from strong PC demand, Gelsinger is taking the reins of a company in the midst of its worst crisis in at least a decade. It has been the largest chipmaker for most of the past 30 years dominating the $400 billion industry by making the best designs in its own cutting-edge factories. Most other U.S. chip companies shut or sold plants and tapped other firms to make the components. Intel held out, arguing that doing both improved each side of its operations and created better semiconductors.That strategy has crumbled in recent years as Intel struggled to introduce new production techniques on time. It is now lagging behind Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., which make chips for Intel’s competitors. Intel has had talks with both Asian companies about producing some of its leading products, Bloomberg reported earlier this year.Intel’s personal computer chip division had revenue of $10.9 billion in the fourth quarter. Analysts expected $9.72 billion. Its higher-margin data center unit generated sales of $6.1 billion. Wall Street was looking for $5.37 billion.In Intel’s data center business, revenue from cloud service providers fell 15% from a year earlier. Enterprise and government sales slumped 25%. Volumes and average selling prices declined. Owners of large data centers are working their way through unused stockpiles of chips.In its PC business, Intel reported a 30% surge in laptop chip sales, even as average selling prices declined 15%.Fourth-quarter profit, excluding some items, was $1.52 a share on $20 billion of revenue, down 1% from a year earlier. Analysts had estimated $1.11 a share on revenue of $17.5 billion.Intel’s gross margin, the percentage of revenue remaining after deducting the cost of production, was 56.8%. This is a key indicator of the strength of its manufacturing and product pricing. Intel has historically delivered margins of about 60%.(Updates with CFO comments in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
12 minutes ago
Business Wire
ViiV Healthcare announces FDA approval of Cabenuva (cabotegravir, rilpivirine), the first and only complete long-acting regimen for HIV treatment
ViiV Healthcare, the global specialist HIV company majority owned by GlaxoSmithKline plc ("GSK"), with Pfizer Inc. and Shionogi Limited as shareholders, today announced that the US Food and Drug Administration (FDA) approved Cabenuva, the first and only complete long-acting regimen for the treatment of HIV-1 infection in adults. Cabenuva is provided as a co-pack with two injectable medicines — ViiV Healthcare’s cabotegravir and Janssen’s rilpivirine — dosed once monthly, as an option to replace the current antiretroviral (ARV) regimen in those who are virologically suppressed (HIV-1 RNA less than 50 copies per milliliter [mL]) on a stable regimen, with no history of treatment failure, and with no known or suspected resistance to either cabotegravir or rilpivirine. Prior to initiating treatment of Cabenuva, oral dosing of cabotegravir and rilpivirine should be administered for approximately one month to assess the tolerability of each therapy.1
12 minutes ago
Motley Fool
These 3 Giants Could Keep the Stock Market Rally Going in 2021
Stocks had a largely quiet day on Thursday, with major market benchmarks trading on either side of the unchanged mark as investors paused after a huge rally to begin the year. Momentum strategies have worked extraordinarily well over the past year, and investors still seem to be quite happy with what they're familiar with. Market leadership has come from the technology sector for a long time, and today, gains in Apple (NASDAQ: AAPL), NVIDIA (NASDAQ: NVDA), and Intel (NASDAQ: INTC) played the biggest role in pushing the Nasdaq higher and keeping stocks at or near record levels.
15 minutes ago
The Daily Beast
Dr. Fauci Shades Trump Administration at First Biden Briefing
MANDEL NGANDuring his first press briefing appearance as a member of the Biden administration, Dr. Anthony Fauci got in a couple of digs at the previous regime. The first question went to Fox News’ new White House correspondent Peter Doocy, who chased that network’s narrative by asking, “How helpful would it have been if Amazon had gotten involved in the federal response to COVID-19 before Biden took office?”“No, I don’t think I could answer that question,” Fauci replied, shaking his head dismissively. “One of the new things in this administration is if you don’t know the answer, don’t guess, just say you don’t know the answer.”Next up, NBC News’ Kristen Welker asked Fauci if the Trump administration’s lack of action on the pandemic is currently “delaying” efforts to get as many Americans vaccinated as possible. He diplomatically said, “We’re coming in with fresh ideas, but also some ideas that were not bad ideas with the previous administration, you can’t say it was absolutely not usable at all.” Fauci also confirmed that he still believes that “most” Americans will be vaccinated by the middle of this year. Later, Fauci responded to a direct question about his experience so far under Biden compared to his time with Trump by noting that going forward, “One of the things that we’re going to do is to be completely transparent, open and honest, if things go wrong, not point fingers, but to correct them, and to make everything we do be based on science and evidence.” Asked if that means he now wants to “clarify” anything he said when that was not the case under Trump, Fauci said, “no,” because he always spoke from that perspective anyway. “That’s why I got in trouble sometimes,” he said to knowing laughter from the press corps. The “trouble” to which he referred mostly amounted to repeated threats from Trump himself to “fire” him from his long-held position as the director of the National Institute of Allergy and Infectious Diseases—even though it was never clear that the president had the legal ability to do so.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
18 minutes ago
Motley Fool
Why Investors Dumped Riot Blockchain Stock Today
Shares of bitcoin-mining company Riot Blockchain (NASDAQ: RIOT) continued their decline on Thursday because the price of bitcoin keeps falling. As of 3 p.m. EST, Riot Blockchain stock was down 10%. Riot Blockchain mines bitcoin to generate revenue.
18 minutes ago

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Monzo founder to leave bank due to pandemic stress and falling out of love with his job

Marks and Spencer Black Friday: Here's how to get up to 50% off

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