Best Buy beat analyst expectations for the third quarter by posting $11.8 billion in revenue — and online sales almost tripled

Summary List Placement Best Buy posted booming sales Tuesday, including online orders almost tripling, as demand for home electronics and entertainment products continues to soar during the pandemic. The electronics retailer reported $11.85 billion in total revenue for the quarter to October 31 — 21.4% up on the same time last year, which the company […]

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Today’s best mortgage and refinance rates: Tuesday, November 24, 2020

Summary List Placement  Both mortgage rates and refinance rates have mostly decreased since last Tuesday, and since this time last month. Rates are at all-time lows, and you’ll probably get a better deal with a fixed-rate mortgage than an adjustable-rate mortgage. Darrin English, Senior Community Development Loan Officer at Quontic Bank, told Business Insider that adjustable-rate […]

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Morningstar’s top stock pickers say these are the 10 highest-conviction stocks they recommend — and which top fund managers recently piled their money into

Summary List Placement The ongoing surge of COVID-19 cases, or a successful and timely vaccine distribution that will save the day? A long-awaited shift into value stocks, or a continued triumphant march for growth? A roaring comeback of consumer confidence, or a more cautious and drawn-out recovery? Inflation or no inflation? It can be difficult […]

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CEOs at chains like McDonald’s and Waffle House stop fighting a $15 minimum wage — but say it could mean higher menu prices for customers

Summary List Placement For years, fast-food and other restaurant chains have been battling against a federal minimum wage hike. Now, in 2020, some are giving up the fight.  In an interview last week, Waffle House CEO Walt Ehmer told Business Insider that there appears to be a new presidential administration in place, with President-elect Joe […]

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Salesforce’s VC arm just made a ‘small’ investment in marketing analytics startup AppsFlyer, bumping its valuation to $2 billion

Summary List Placement Marketing analytics company AppsFlyer just received a vote of confidence in the form of a small investment from Salesforce’s venture capital arm. The investment was an extension to the company’s $210 million Series D round led by General Atlantic that closed in January.  AppsFlyer declines to disclose how much additional funding Salesforce […]

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More than 125 economists, including Obama’s former top economic advisor, have signed a letter urging Congress to send a second round of $1,200 stimulus checks

Summary List Placement More than 125 economists from major institutions across the world are urging Congress to send a second round of $1,200 stimulus checks to American families and businesses hit hardest by the COVID-19 crisis. By early June, the federal government had sent out nearly 160 million stimulus checks as part of the $2.2 […]

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The letter enabling Biden’s transition goes to extreme lengths to avoid saying that he beat Trump and won the election

Summary List Placement The letter to authorize President-elect Joe Biden’s transition arrived late Monday — but is an unusual document which strained to avoid acknowledging his victory. GSA Administrator Emily Murphy wrote to Biden on Monday, 16 tumultuous days after major networks widely called the election for him. (Insider and Decision Desk HQ called the […]

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Laura Ingraham told viewers that Biden will be the next president, and suggested that anyone who says otherwise is lying

Summary List Placement Fox News’ Laura Ingraham accepted President-elect Joe Biden’s electoral victory in her strongest terms yet, telling viewers on Monday night that President Donald Trump’s legal challenges to the election result were likely to fail, and that Biden would in all likelihood become the next president. “As unpleasant and disappointing as these past […]

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