Stock market today: Asian stocks mixed after Wall St sinks for 3rd day following British rate hike
Read full article: Stock market today: Asian stocks mixed after Wall St sinks for 3rd day following British rate hikeAsian stocks markets are mixed after Wall Street sank for a third day following an interest rate hike in Britain.
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Clorox sales surge again as coronavirus cases rise again
Read full article: Clorox sales surge again as coronavirus cases rise againCOVID-19 cases are on the rise again. So, the fact that people are still needing disinfecting products to clean means boosted sales for companies like Clorox. Clorox reported earnings for its fiscal first quarter Monday. [TRENDING: 2020 Voter Guide | What to expect if Trump wins | What to expect if Biden wins]Overall sales were up 27% from a year ago. Clorox also reported double-digit increases in eight of its 10 business units.
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Asian markets follow Wall Street higher ahead of election
Read full article: Asian markets follow Wall Street higher ahead of electionTOKYO โ Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Traders are betting that Biden might push for a bigger U.S. stimulus if he unseats President Donald Trump. On Monday, Wall Street closed higher amid indications Biden might be leading. Markets are uneasy about rising infection rates in Europe, which are prompting more governments to reimpose restrictions on travel and business. On Wall Street, the benchmark S&P 500 index rose 1.2% to 3,310.24.
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Pine-Sol cleaner approved for killing coronavirus
Read full article: Pine-Sol cleaner approved for killing coronavirusThe EPA has approved Pine-Sol original cleaner as a product that can kill coronavirus on frequently used surfaces. An EPA spokeswoman told CNN in a Sunday email that the product had met the criteria for use against the virus. The Clorox company said a third-party laboratory tested Pine-Sol and found it can kill the virus within 10 minutes of being used on nonporous, hard surfaces. Clorox also has 36 other products on the EPAโs list of disinfectants for use against COVID-19, including Clorox bleach, disinfecting bathroom cleaner and disinfecting wipes. Because of overwhelming demand, the company expects it will continue seeing a shortage of wipes and other products into 2021.
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Clorox wipes shortage to last into 2021 amid coronavirus pandemic
Read full article: Clorox wipes shortage to last into 2021 amid coronavirus pandemicDisinfectant wipes have been hard to find and they will remain difficult to buy well into 2021, according to the worldโs biggest maker of disinfectant cleaning materials, Clorox. With a 45% market share of cleaning wipes, Clorox said it aggressively ramped up production, but that still won't be enough to keep up with demand. The companyโs incoming CEO said with the COVID-19 pandemic expected to last well into the new year, on top of the upcoming cold and flu season, it will now take a year to reach the supply level necessary to meet customer needs. Clorox dominates the $1 billion disinfectant wipes market. Demand for its product line boosted the companyโs overall sales by 22%.
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AMC Theatres planning to reopen select locations
Read full article: AMC Theatres planning to reopen select locationsORLANDO, Fla The biggest movie theater chain says they plan to begin a phased reopening of select locations beginning July 15. AMC has been closed for months like many other theater chains, due to the coronavirus pandemic. AMC will require its employees to undergo daily health screenings, frequent hand washing and the wearing of face masks. AMC Safe & Clean policies (AMC THEATRES)Guests will also be encouraged to wear facial coverings, maintain social distancing and use cashless transactions. AMC Safe & Clean policies (AMC THEATRES)AMC plans to give additional news on which locations are opening in a future release.