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President Trump considers ending housing regulation that advocates say was created to combat racial segregation

President Donald Trump says he is “studying” a housing regulation he claims has negatively impacted suburban areas. On Tuesday, President Trump took to Twitter TWTR, +0.19% to say he is considering ending the Affirmatively Furthering Fair Housing (AFFH) rule, established by the Department of Housing and Urban Development under the Obama administration in 2015. “At the request of many great Americans who live in the Suburbs, and others, I am studying the AFFH housing regulation that is…

Florida records 10,000 new coronavirus cases — the largest daily surge since the pandemic began

Florida just hit a new record in the uphill battle against COVID-19. Florida reported more than 10,000 new cases Thursday, its highest number of new daily cases since the COVID-19 pandemic began. It also reported nearly 169,100 cases, most of which do not account for those who are asymptomatic or pre-symptomatic, and 3,617 confirmed deaths from the virus. While COVID-19’s progress has slowed in states such as New York, where most cases in the U.S. are still centered, confirmed coronavirus cases have risen in…

Stocks making the biggest moves midday: FedEx, Pfizer, Macy’s, Beyond Meat & more

A woman walks past FedEx Corp. Ground vehicle parked in the Midtown neighborhood of New York, U.S., on Friday, Dec. 4, 2015.John Taggart | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. FedEx — Shares of FedEx jumped more than 14% after the company's fourth quarter results blew past analyst estimates on the top and bottom lines as consumers flocked to online shopping amid the Covid-19 pandemic. Wednesday's gain — if it holds through the close — would represent the stock's best day…

Jobs data for June could show strong rehiring ahead of the latest virus wave

Customers dine outside at Via Carota restaurant in the West Village, New York City, June 26, 2020.Noam Galai | Getty ImagesEconomists expect nearly 3 million jobs were created in June, as companies rehired workers they let go when the economy shut down.The monthly employment report, to be released Thursday, is surrounded by more uncertainty than normal, after economists forecast the loss of 8 million jobs in May and the economy gained 2.5 million payrolls instead. "At the moment, we still expect a lot of rehiring," said…

Stocks making the biggest moves after hours: Inovio, CBL, Coty and more

Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face of the brand.David Dee Delgado | Getty Images News | Getty ImagesCheck out the companies making headlines after the bell.Inovio Pharmaceuticals — Shares of Inovio dropped 3% in extended trading after falling 26% in…

The Margin: Trump says a face mask makes him look like the Lone Ranger. One problem with that…

Under growing pressure from health officials and lawmakers from both parties, President Donald Trump on Wednesday finally endorsed wearing face masks. Kind of. “I’m all for masks,” Trump said during an interview with Fox Business, despite last month telling the Wall Street Journal that some people wear masks just to show their disapproval of him, adding that masks are ineffective because people fidget with them too much. Trump has reportedly refused to be seen wearing a face mask in public, saying he’s tested…

IPO Report: Lemonade IPO: 5 things to know about the online insurer

As the world is buffeted by digital and societal revolutions, Lemonade Inc. is hoping to leverage the uncertainty created by those upheavals to reshape an industry meant to provide peace of mind: insurance. Late Wednesday, Lemonade LMND, priced its initial public offering at $29 a share, above the already increased IPO pricing to range of $26 to $28 a share, which topped a previous range of $23 to $26 apiece. The New York-based company, founded in 2016, says in its filing with the…

Stocks making the biggest moves in the premarket: Micron, Conagra Brands, Apple, Xilinx & more

Take a look at some of the biggest movers in the premarket:Conagra Brands (CAG) – The food producer reported quarterly profit of 75 cents per share, 9 cents a share above estimates. Revenue also exceeded consensus and Conagra gave a current-quarter earnings forecast range that largely exceeds estimates as the pandemic helps spur a surge in demand.Micron Technology (MU) – Micron beat estimates by 5 cents a share, with quarterly earnings of 82 cents per share. The chip maker's revenue also beat forecasts and Micron gave upbeat…

Stocks making the biggest moves midday: Micron, Xilinx, Lululemon, Boeing, Uber and more

Micron Technology's hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019.Stephen Nellis | ReutersCheck out the companies making headlines in midday trading. Micron — Micron traded 4.8% higher after the chip manufacturer posted better-than-expected results for the previous quarter. The company posted an adjusted profit of 82 cents per share, topping a Refinitiv estimate of 77 cents. Revenues rose to $5.44 billion, beating an estimate of $5.31 billion.…