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Yahoo BusinessOct 23, 2020
Fact Check: Trump and Biden's Final Presidential Debate
(Bloomberg) -- President Donald Trump and Democratic nominee Joe Biden met for the last time before the Nov. 3 election, with a debate more orderly but just as spirited as their first face-off last month. The two candidates challenged each other on their tax plans, the environment, their business interests and the pandemic. Bloomberg News is checking the facts behind their claims:Trump Claims Biden Supports Green New DealTRUMP: "This is the craziest plan. This wasn't done by smart people. This wasn't done by anybody, frankly. They want to spend $100 trillion. That is their real number: $100 trillion. They want to knock down buildings and build new buildings with tiny small windows and many other things."BIDEN: "I don't know where he comes up with these numbers. $100 trillion -- give me a break."THE FACTS: Biden has never offered a full-throated endorsement of the far-reaching progressive climate plan known as the Green New Deal, but he has released a climate plan that aligns with many of its environmental goals.His $2 trillion clean energy plan calls for achieving a carbon-free power sector by 2035 through renewable energy, cleaner cars and zero-emission mass transit systems. Other investments would boost sustainable home building, clean energy innovation and conservation.By contrast, the sweeping Green New Deal, as proposed by Representative Alexandria Ocasio-Cortez, a Democrat from New York, and Senator Ed Markey, a Democrat from Massachusetts, would do more than remake the energy sector. It calls for a "10-year nat

Forbes HeadlinesOct 22, 2020
How Resort Brand Saint Holiday Survives Its Sophomore Year In A Pandemic
In its Sophomore year, Saint Holiday was shaken by the COVID pandemic after successfully gaining ground on the resort fashion market in 2019.

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Yahoo BusinessOct 22, 2020
Intel Tumbles on Data Center Sales Decline, Tepid Forecast
(Bloomberg) -- Intel Corp. shares slumped after a surprise drop in data center sales and a tepid forecast added to concern that the company is losing its lead in computer chips.The data center business, a major source of Intel profit, suffered a 10% decline in third-quarter revenue compared with a year earlier after a weak economy hurt sales to large companies and government customers. Sales to cloud computing providers will slow in the current period, Intel said.Falling prices and narrowing profit margins reinforced concern that Intel is losing its lead in chip manufacturing technology, exposing the company to the strongest competition it has faced in more than a decade.During a conference call, Chief Executive Officer Bob Swan said he's still deciding how much production to outsource. Executives also said the Covid-19 pandemic increased demand for cheaper chips and predicted those headwinds will pass.Cody Acree, an analyst at Loop Capital Markets, said he didn't accept Intel's use of the pandemic as a reason for the quarterly revenue decline, citing a boost in demand for PCs during the past few months that wouldn't have occurred otherwise."I didn't hear any answers to the biggest questions," Acree said.Intel's stock fell about 10% in extended trading. The company projected that fourth-quarter sales will decline at their worse rate in more than a decade. Gross margin, a key indicator of profitability, will end 2020 below 60% for the first time in seven years, according to Intel's forecast.Intel experienced

MarketWatch MarketPulseOct 22, 2020
Capital One Q3 tops Wall Street views
Capital One Financial Corp. stock rose 2% in the extended session Thursday after the financial company reported third-quarter profit and sales above Wall Street expectations. Capital One said it earned $2.4 billion, or $5.06 a share, in the quarter, compared with $1.3 billion, or $2.69 a share, in the third quarter of 2019. Adjusted for one-time items, the company earned $5.05 a share. Sales rose to $7.4 billion from $6.7 billion a year ago. Analysts polled by FactSet expected adjusted EPS of $2.14 on sales of $6.7 billion. "We are leaning in to resilience and we continue to be well served by the choices we made before the pandemic," founder and Chief Executive Richard D. Fairbank said in a statement. Capital One shares had ended the regular trading day up 4.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



CNBC EconomyOct 22, 2020
Weekly jobless claims drop to nearly their lowest level since the pandemic started in March
New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.

Forbes HeadlinesOct 22, 2020
‘People Are Learning To Die From It': Biden, Trump Clash On Pandemic Timeline
Trump has said the U.S. is ‘rounding the corner' - or 'bend' or 'turn' - on the virus 35 of the last 53 days, including every day since Oct. 8.

MarketWatchOct 22, 2020
Economic Report: U.S. jobless claims fall 55,000 to pandemic low of 787,000 as California comes back on line
The number of Americans who lost their jobs and applied for unemployment benefits in mid-October slid by 55,000 to a new pandemic low of 787,000, but the decline stemmed in part from fewer new claims in California after a temporary applications freeze.
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