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Dow falls 250 factors after disappointing job information, weak Walmart forecast

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US stocks fell Thursday as investors were discouraged by an unexpectedly poor display of unemployment claims and a grim outlook from Walmart.

The Dow Jones Industrial Average fell 260 points. The S&P 500 was down 1.0% while the Nasdaq Composite was down 1.4% as investors continued to turn away from high-flying technology.

Walmart stock fell nearly 6% after fourth-quarter earnings fell below Wall Street estimates. The big box retailer also sees a slowdown in sales growth this year as pandemic momentum subsides.

Apple shares fell another 2.4%. The tech giant is down 4.6% this week as investors take some gains in big tech stocks that have brought the market back to record highs. Tesla fell 2.5%, bringing the week’s losses to 4.6%.

“Stocks are sliding across the board, with high multi-growth names being hit hardest thanks to the relentless surge in yields,” said Adam Crisafulli, founder of Vital Knowledge, in a note. “The outcome was also overwhelming as Walmart’s EPS failure and high spending projections unsettled investors.”

Meanwhile, the recent number of unemployment claims signaled a setback in the labor market recovery. Initial unemployment insurance claims were 861,000 last week, the highest in a month and above the Dow Jones estimate of 773,000, the Department of Labor reported Thursday.

“This is not the direction unemployment claims should be headed, but keep in mind that this could be a minor nuisance as the pace of vaccination continues to accelerate and cases across the country decline,” said Mike Loewengart, principal investment officer at E-Trade Financial.

The recent spike in bond yields coupled with rising inflation expectations made some investors concerned about a short-term decline in stocks. High-growth tech companies that led the market’s epic comeback are particularly vulnerable to higher interest rates and inflationary pressures.

Many still believe that a new stimulus contract could take markets another step up, even if it’s already priced in a little.

“If you think about how the added incentive can affect the average consumer, as the CARES Act 1.0 and the Second Round Review really add to the savings, at this point we strongly believe that additional incentives will pour straight into the economy” said Cliff Hodge, the chief investment officer at Cornerstone Wealth.

The congressional hearings on the GameStop saga are also set to begin on Thursday. Melvin Capital and Robinhood executives will join Reddit retailer Keith Gill on the US House of Representatives Financial Services Committee.

Jimmy Fallon celebrates 7 years on In the present day’s Present with Household Pic

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Jimmy Fallon just reached another career milestone.

The Tonight Show host visited Instagram on Wednesday February 17 to celebrate his seven years as host of the late night show.

“A lot can happen in 7 years”, he wrote in the caption next to a funny photo of himself crawling through colorful balloons with his daughters. Winnie Rose, 7, and Francis Cole, 6. “Thank you for having me in your living rooms and phones. Celebrate @Fallontonight’s Anniversary with my favorite co-hosts!”

In response to his post, Fallon received a flurry of congratulations from fans and friends, including Andy Cohen who commented: “Mazel!” While another social media user commented, “Thank you for putting so much into the Jimmy show! To the next 7 years and more, love you and your little co-hosts!”

The late night host who inherited the show from Jay Leno 2014 had many memorable moments on the popular show. Outside of his super fun interviews – serenaded by more recently Dwayne Johnson‘s mother with a ukulele – Fallon has made it a personal mission Harry Styles Number one impersonator.

Why you must change from LastPass to Bitwards Password Supervisor

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It doesn’t matter if you want to make a change in your password management just because you are a LastPass user who is annoyed with the services of the service last changes Switching to the popular (and free) Bitwarden service is a great choice. Bitwarden is now the best free password manager for most users – since it works across all of your devices to keep your logins comfortable and secure – and it’s quick and easy to set up.

To get started, go to Bitwarden’s side and create an account. It’s free and all you have to worry about is giving yourself a solid master password. Make it a good one and one that you won’t use anywhere else as it is one of the gatekeepers for all of your other passwords that you store on the service. After you’ve created and signed in your account, check your email address using the option in the top right corner.

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If you come from another service, e.g. B. LastPass, you want to find a tool to export your passwords. On LastPass this is hidden under the Expanded options Link below; Exporting your passwords will basically turn them into a simple CSV list.

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Then copy the list (which I am not photographing on the screen for obvious reasons) directly over the Bitwarden Tools Menu > Import data.

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Your passwords will all appear on your main screen and should also be synced with your various Bitwarden apps the next time you use them. To edit any of your passwords, simply click the hyperlink for a specific site or service. You can also use the gear icon that appears when you hover over each list to copy your username or password straight to your clipboard.

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That’s the basics of Bitwarden, but you’re not quite done yet. Click on the profile picture in the upper right corner and select My account. From there click on Registration in two steps in the left sidebar.

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This is where you set up two-factor authentication for your account. This is not required for you to use Bitwarden. However, it is highly recommended that you protect your account from unauthorized logins. You can have 2FA codes sent to you by email to verify login attempts. However, I recommend using it an authentication app instead. They’re similarly easy to set up and act as a password manager for all of your two-factor authentication tokens.

You might also want to visit them Options Link in the left sidebar that allows you to adjust your Vault time limit – like how long it stays open since it was last accessed. If you exceed this time, you will have to enter your password again. Disable this option if you are on a shared computer and turn it up a little if you feel particularly confident about your setup.

not definedScreenshot: David Murphy

Then grab the whole Bitwarden Apps and extensions You need for your devices and browsers. Installation is easy and you get access to everything you have stored in your Bitwarden vault. For example, in the case of your browser, you simply need to right-click on a password prompt to invoke Bitwarden’s autofill:

not definedScreenshot: David Murphy

And that’s it. Bitwarden’s free version doesn’t have a lot of features – like not checking your saved passwords for leaks – but it does give you a quick and easy way to sync passwords across all of your devices. What is not to like?

J&J doesn’t have a big stock of cans, says the Biden official

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Illustration of the Johnson & Johnson coronavirus vaccine

Given Ruvic | Reuters

Johnson & Johnson will not hold a “large inventory” of its Covid-19 vaccine prior to regulatory approval expected this month, President Joe Biden’s Covid tsar said Wednesday.

Jeff Zients said the government has learned in recent weeks that J&J will only manufacture “a few million” doses if its single vaccine is likely to be approved by the Food and Drug Administration.

Federal and state health officials expected vaccine supplies to increase rapidly once the J&J emergency vaccine was approved. The FDA scheduled a meeting of its Advisory Committee on Vaccines and Related Biological Products on February 26th to discuss the vaccine. The US could approve the vaccine the next day.

J&J currently has a contract with the U.S. government to deliver 100 million doses of its vaccine by the end of June, said Zients, the president’s Covid-19 response coordinator. Assuming the vaccine is approved, the Biden government will work with J&J to increase supply as soon as possible. US officials hope many of these cans will be available in the first few months of their introduction.

“We are doing everything we can to work with the company to expedite the delivery schedule,” Zients told reporters during a White House press conference about the pandemic.

The news comes as the Biden government works to increase the supply of cans after states complained that demand for the shots was quickly exceeding supply. Around 39.7 million of roughly 331 million Americans have received at least their first dose of Pfizer’s or Moderna’s two-dose vaccines, according to the Centers for Disease Control and Prevention. And 15 million of those people have already got their second shot.

Biden announced Thursday that the US has received 100 million more doses of the Pfizer BioNTech vaccine and 100 million more of the Moderna vaccine, bringing the total US supply to 600 million doses. Since the vaccines require two doses, a total of 600 million doses would be enough to vaccinate 300 million Americans.

On Tuesday, White House Press Secretary Jen Psaki announced that the Biden administration is increasing the number of Covid-19 vaccine doses sent weekly to states, shipping 13.5 million doses this week, and increasing the number of doses retailed at pharmacies doubled.

Dr. Anthony Fauci said Tuesday that most Americans will have access to a Covid-19 vaccine by mid to late May or early June, a slight delay compared to previous predictions made in late March and April.

The White House chief medical officer said the federal government expects J&J to “significantly increase” starting doses.

“I’m a little disappointed that the number of doses we’re getting early from J&J is relatively small, but as we get further into spring there will be more and more,” said Fauci.

In the meantime, Pfizer and Moderna are looking into whether their vaccines can prevent transmission of the virus, he said on Wednesday, adding that early studies point in a “favorable direction”.

Pound to Euro trade fee: GBP rises and hits 10-month highs – newest journey allowance | Journey information | journey

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The pound to euro exchange rate has risen daily over the past few days. The GBP hit a nine month high before rising to a ten month high yesterday. Coronavirus continues to be a barometer of sterling movements.

Michael Brown, currency expert at international payments and foreign exchange firm Caxton FX, spoke to Express.co.uk this morning about the latest exchange rate figures.

“The pound sterling hit a new 10-month high against the common currency yesterday,” Brown said.

“Although these gains were short-lived, the cross could not withstand a significant break in the 1.15 handle and retreated overnight.

“However, given sterling fundamentals that remain attractive and markets still strongly driven by momentum, we expect further progress.”

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George Vessey, British currency strategist at Western Union Business Solutions, also gave a glimpse into yesterday’s performance.

“The pound sterling jumped to a 10-month high against the euro … breaking the key level of EUR 1.15 after UK inflation data surpassed projections.

“An increase in spending on furniture, housewares and groceries led to higher inflation in January, while clothing and shoe prices remained subdued.

“The 12-month UK Consumer Price Index (CPI) rate was +0.7 percent in January versus +0.6 percent in December, beating expectations of +0.5 percent pressure.”

He continued: “In the meantime, the core inflation indicator (excluding volatile food and energy products) reached +1.4 percent year-on-year compared with +1.4 percent in November, beating the consensus forecast of +1.3 percent.

“The GBP / USD pair was a bit weaker at the start of the European session and was rather subdued to the UK inflation release.

“The downside remains limited, although it is optimistic that the impressive pace of vaccination in the UK would allow UK Prime Minister Boris Johnson to lift COVID-19 restrictions and get the economy going.

“PM Johnson is considering a phased exit from the COVID-19 lockdown, with pubs and restaurants reopening in May and the hospitality and vacation industries reopening in July.”

What does all this mean for your vacation and your travel money?

The good news is that travel money providers are offering much cheaper rates than they were before the exchange rate hike.

Post Office Travel is currently offering a price of € 1.1077 for over £ 400, € 1.1238 for over £ 500 or € 1.1295 for over £ 1,000.

However, experts warn against buying travel money in these uncertain times when travel is banned for Britons.

7 Careers For Non-Novel Writers

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Illustration for article titled 7 Careers For Non-Novel WritersPhoto: GaudiLab (Shutterstock)

If you are scientifically minded, becoming a medical writer is especially good. As a medical writer, you need to distill medical research and the results of various studies into easily digestible copies across various media. For example, you can create study summaries, marketing materials, advisory board summaries, or health policy summaries.

It’s a position that requires a little more specialization and familiarity with the general orbit of medicine, but usually a more lucrative writing position than most. You will likely need a degree in some type of scientific discipline, if not a thorough familiarity with an area of ​​medicine. Once you have these, you can look at a world of industries including pharmaceuticals, biotechnology, universities, and other research institutions.

Average basic remuneration: $ 72,000 a year, according to Glassdoor.

Luke Combs apologizes for the sooner use of photos of the Accomplice flag

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Country singer Luke Combs apologizes for his earlier use of images of the Confederate flag.

The 30-year-old artist attended a country radio seminar on Wednesday, February 17, where he talked about fellow singers Morgan WallenThe recent controversy over a video showing him using the N word.

Luke said moderator and NPR critic Ann Powers and participants Maren Morris that it has changed over the years. He addressed the fact that he had used the Confederate flag for in previous photos and in the 2015 music video Ryan Upchurch‘s version of his song “Can I Get an Outlaw”.

“There’s no excuse for these pictures,” Luke shared. “I think as a younger man that was a picture that I called something else. And as I’ve grown in my time as an artist and the world has changed drastically in the last five to seven years [when the images were created]I am now aware of how painful this image can be for someone else. … I would never want to be associated with something that does so much harm to someone else. “

Credit score Suisse outcomes This fall 2021

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LONDON – Credit Suisse posted a better-than-expected loss in the fourth quarter of 2020 due to higher litigation provisions.

The Swiss bank on Thursday reported a net loss of 353 million Swiss francs (392.8 million US dollars) for the fourth quarter of 2020. This was better than market expectations. According to Refinitiv, analysts had forecast a net loss of 558.5 million francs for the quarter and an annual profit of 2.8 billion francs for the year. Credit Suisse ended 2020 with a net profit of 2.7 billion francs.

The Swiss bank told markets in January that it would decline to an above-expected loss in the final quarter of 2020 after allocating $ 850 million to a US property debt litigation. Credit Suisse then reached a $ 600 million settlement last week.

Thomas Gottstein, CEO of Credit Suisse, said in a statement: “Despite a challenging environment for societies and economies in 2020, we have seen strong underlying performance in wealth management and investment banking while addressing historical issues.”

Speaking to CNBC’s Geoff Cutmore on Thursday, he said he was “very happy” with the results and that 2021 will be “the year to look forward to growth”. “We got off to an excellent start, all five divisions are active,” said Gottstein.

Further highlights of the quarter:

  • The CET 1 rate, a measure of the solvency of banks, reached 12.9% compared to 12.7% in the previous year.
  • Sales amounted to CHF 5.2 billion after CHF 6.2 billion in the previous year.
  • The total cost of ownership was CHF 5.2 billion compared to CHF 4.8 billion at the end of 2019.

The bank’s wealth management division saw revenue fall 24% year over year in the fourth quarter. Global Investment Banking, on the other hand, recorded a 19% jump in sales compared to the previous year.

Pandemic caution

Credit Suisse had already announced in January that it would buy between CHF 1 and 1.5 billion of its own shares from January 12. The bank has now added that it will pay a dividend of CHF 0.2926 per share based on its shares in 2020 results.

Credit Suisse sounded cautious in the face of the pandemic. “We would point out that the COVID-19 pandemic is not behind us and the pace of recovery remains uncertain despite the ongoing fiscal and monetary stimulus,” the lender said in a statement.

The share price was slightly lower in the early European trading hours.

More SPACs in 2021

SPACs (Special Purpose Acquisitions Company) have drawn a lot of interest in the United States to raise capital. By and large, it is an investor-created Shell company that raises money by going public and then uses the funds to buy another company.

Around 200 SPACs went public in 2020. Virgin Galactic and Nikola Motor are just two examples of companies that went public through the merger with SPACs.

“Overall, the SPAC business was very strong in the market in 2020 and is even stronger in Asia and Europe,” Credit Suisse’s Gottstein told CNBC, describing the process as a “clear alternative to traditional IPOs”.

“We are definitely seeing a pickup in interest in SPACs in Europe and we will see more in 2021 than we did in (20) 20, but there are some structural drawbacks against the US dollar due to negative interest rates,” added Gottstein.

In the euro zone, interest rates are still in negative territory, mainly due to the Covid-19 crisis. In the United States, the federal government rate is close to zero but still positive.

Here is how you can swap an Xbox controller from a console to your PC or cellphone

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Illustration for the article titled How to Swap an Xbox Controller from a Console to Your PC or PhonePhoto: MatJC (Shutterstock)

For Xbox Series X | S controllers have a relatively unknown feature that makes using them with multiple devices a lot easier: the controller’s Sync button has built-in shortcuts that let you switch between your last Xbox console and your PC or mobile device automatically .

Oddly enough, this handy feature is basically hidden. Microsoft barely mentions it in any official documentation, and it wasn’t until the last few posts on Reddit and Twitter that the feature was ever shown on vide0 – which is strange since it’s a feature that’s basically only for the Xbox Series X | S-controller applies now. You can’t do this to one PlayStation 4 or 5 gamepad, the Joycons or Pro Controller of the Switch or even the Xbox One or Xbox Elite controller.

Illustration for the article titled How to Swap an Xbox Controller from a Console to Your PC or Phone

The controllers of the X | S support two types of wireless communications – Bluetooth and Microsoft’s proprietary Xbox Wireless – and remember recently used devices of each type. So you can connect the controller to an Xbox console and to a smartphone, tablet, or PC with Bluetooth using Xbox Wireless (or an Xbox Wireless adapter dongle), and the controller will remember both. Other controllers can only remember one Bluetooth device at a time.

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Microsoft intentionally made the feature clear, and thoughtfully made clear inputs for swapping connection types so you don’t get confused or mistakenly connect to the wrong one:

  • To connect to your Bluetooth device: Press and hold the Sync button on top of the controller. The Xbox icon will blink twice once connected.
  • To connect to your Xbox wireless device: Press the Sync button twice. The Xbox icon will pulse once once connected.

Of course, you can’t use the controller on both devices at the same time (you don’t want to anyway). The controller can only switch between an Xbox One or Series X | Switch your S console (or a PC with an Xbox wireless adapter) and a PC, phone, or tablet with Bluetooth. You cannot switch between two Xboxes or two cell phones. However, you can switch between two PCs as long as one is using the Xbox wireless dongle and the other is using Bluetooth.

Limitations aside, this is definitely useful if you are using the same controller to play games on your Xbox at home. and on your Android or iPhone through the Xbox app.

Kim Kardashian “would by no means cease Kanye West from seeing children”

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Kim Kardashian and Kanye WestThe relationship may be nearing its end, but their children remain a top priority.

Although Kim and Kanye no longer speak to each other, one source only tells E! News The musician is still active in the lives of his four children. The source said, “He still wants to be a big part of her life and Kim would never be discouraged.”

Regarding the new family dynamics, a second source gives a glimpse into the living conditions and shows that Kanye moved out of the minimalist house he and Kim shared during their relationship. “He no longer lives in the house with Kim and the children,” explains the second insider. “If he sees the children, he’ll meet them somewhere else.”

The same source adds that the “stronger” rapper can see north, Saints, Chicago and Psalm West “if he wants.”

Kanye lived in Wyoming before he moved, but has since moved back to California, where the second source says he was “focused on his work.”

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