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Buy the Penn Sex Tape Dip, Barstool’s Portnoy Says By Investing.com

By Christiana Sciaudone Investing.com -- Penn National Gaming (NASDAQ:PENN) fell nearly 6% after reports of a sex tape circulating featuring Barstool Sports founder Dave Portnoy. This would be the third sex tape featuring Portnoy, who held an emergency press conference minutes ago acknowledging the videos and questioning the wisdom of selling off stock as a result. He suggested buying the dip during the...

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Prince Harry and Meghan’s first Netflix project to focus on Invictus Games By Reuters

(Reuters) - Britain's Prince Harry and his wife Meghan will produce their first Netflix Inc (NASDAQ:NFLX) series that will focus on athletes competing in the Invictus Games for injured veterans in The Hague in 2022. Named "Heart Of Invictus", the show is being produced under the banner of Archewell production, the creative arm of Meghan and Harry's nonprofit foundation Archewell Organisation, the...

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EssiLux loses court appeal against takeover target GrandVision By Reuters

AMSTERDAM (Reuters) - Spectacles maker EssilorLuxottica on Tuesday lost an appeal in its court battle with takeover target GrandVision, removing a possible hurdle for the 7.2 billion euro ($8.5 billion) deal. EssilorLuxottica in August last year lost a Dutch court case in which it had said that GrandVision's decisions to suspend payments to store owners and suppliers and to apply for state...

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Euro zone poised for five-year post-pandemic consumption boom -Wunsch By Reuters

By Francesco Canepa, Balazs Koranyi and Frank Siebelt FRANKFURT (Reuters) - The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again, European Central Bank (ECB) policymaker Pierre Wunsch forecast on Tuesday. The Belgian central bank governor also told Reuters in an interview that the ECB could...

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Big ECB climate change role may be step too far warns Wunsch By Reuters

By Balazs Koranyi, Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) - A major role in tackling climate change may go beyond the European Central Bank's mission and competence, Belgian policymaker Pierre Wunsch said, weighing in on a debate that could reshape Europe's most powerful financial institution. The ECB is reviewing its role in fighting climate change, with options under consideration including...

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EU backs U.S. call for global minimum corporate tax, but rate to be decided By Reuters

By Jan Strupczewski BRUSSELS (Reuters) - The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in talks in the Organisation for Economic Cooperation and Development (OECD). Yellen said on Monday she was working with G20 countries to agree on a global corporate minimum tax...

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I Have Nothing to Wear. Enter Stitch Fix. By Investing.com

By Christiana Sciaudone Investing.com -- We're coming out and we need something new to wear.  Stitch Fix (NASDAQ:SFIX) jumped 10% after Evercore initiated coverage with a buy-equivalent rating saying the online fashion retailer is a Covid recovery play.  "Closets need to be restocked," said analyst Mark Mahaney, according to StreetInsider. After having very little reason to wear anything but...

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Intel aims for supply chain edge with new data center chip By Reuters

By Stephen Nellis (Reuters) - Intel Corp (NASDAQ:INTC) on Tuesday introduced its newest flagship data center microprocessor, hoping its in-house manufacturing operations will help it navigate a chip shortage to better compete against rival Advanced Micro Devices Inc's (NASDAQ:AMD) faster chips. The new "Ice Lake" chip is designed to be used by cloud computing providers and others who run massive...

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IMF Boosts Global Growth Forecast, Warns of Diverging Rebound By Bloomberg

(Bloomberg) -- The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies. The global economy will expand 6% this year, up from the 5.5% pace estimated in January, the IMF said in its World Economic Outlook published on Tuesday. That would be the...

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