Massive U.S. stock bounce stokes doubts, provokes bears


NEW YORK (Reuters) – Investors are treating the U.S. equity market’s blistering rally with a dose of caution, socking away cash, staying on the sidelines or buying insurance against a reversal even as markets scream higher in the midst of the coronavirus pandemic.

FILE PHOTO: Morning commuters are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo

Fund managers and corporations have deployed over $1.1 trillion into money markets while the S&P 500 mounted a nearly 30% bounce from its March lows. Assets in such funds grew to

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‘There’s no question that the virus is surging’


A pedestrian wearing a protective mask passes in front of a vacant storefront displaying graffiti that reads “Unmask Maui” in Paia, Maui County, Hawaii, U.S., on Saturday, Aug. 1, 2020.

Mia Shimabuku | Bloomberg | Getty Images

Hawaii Gov. David Ige will reinstate restrictions to curb the spread of the coronavirus as cases in the state continue to climb and state health officials predict more deaths and hospitalizations in the weeks to come. 

“There is no question that the virus is surging in our state, and I know that many are worried about their health,” Ige said at a press

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Emmy nominations 2020: 10 surprises and snubs


The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian”

Episodic Photos, Disney

While “Watchmen,” “Marvelous Mrs. Maisel” and “Schitt’s Creek” secured Emmy nominations on Tuesday, there were quite a few shows — and actors — that didn’t make the cut.

And then there were the shows and performers that were a long shot to get on this year’s ballot. 

We’ll have to wait until September to see who ends up taking Emmys home, but here are some of the programs that were the most surprising nominations and the ones that got snubbed.

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Microsoft to invest $1.5 billion in Italian cloud business


FILE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, U.S. on June 14, 2016. REUTERS/Lucy Nicholson/File Photo

MILAN (Reuters) – Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.

Microsoft’s rival Amazon Web Services last week opened a datacentre region in Milan, while in March Google’s Inc sealed a partnership with former phone monopoly Telecom Italia to expand cloud business operations in Italy.

Analysts expect the Italian cloud

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