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How to Avoid Another Great Recession The U.S. economy has suffered a body blow with no modern precedent. Unemployment, just 3.5% in February, could top 10% in coming months, higher than its peak in the 2008-09 recession. Some see it surpassing 20% soon, levels unseen since the Great ...
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As Coronavirus Spreads, Community Banks Watch for Fallout From his office off U.S. Highway 136, Mike Estes has a clear view of the main strip leading into Fisher, Ill., population 1,900. The president of Fisher National Bank knows the agricultural community well, including the handful of small businesses that dot the ...
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Top 3 Reasons Byron Allen's $20 Billion Lawsuit Against Comcast Fail Short In Byron Allen's Entertainment Studios $20 billion discrimination lawsuit against Comcast the Supreme Court's Justices unanimously decided to send the case back to the 9th U.S. Circuit Court of Appeals in San Francisco. Trump's Department of Justice briefs ...
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Coronavirus sees China's Geely Automobile facing one of toughest years BEIJING (Reuters) - China's Geely Automobile Holdings Ltd (0175.HK) said on Monday 2020 may be one of its toughest years yet, as pressure stemming from the coronavirus outbreak on production and sales persists. The logo of Chinese carmaker Geely ...
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US Crude Dips Below $20 as Lockdowns Wipe Out Demand LONDON — Oil prices fell sharply on Monday, with U.S. crude briefly dropping below $20 and Brent hitting its lowest level in 18 years, on heightened fears that the global coronavirus shutdown could last months and demand for fuel could decline further.
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'Like Glastonbury tickets': Britons chase online grocery slots in coronavirus crisis LONDON (Reuters) - British supermarkets are frantically trying to build up their online operations during the coronavirus emergency but no matter how hard they work they will not have enough capacity to meet unprecedented levels of demand. FILE PHOTO: ...
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Online tutoring marketplace Preply banks $10M to fuel growth in North America, Europe Online learning looks likely to be a key beneficiary of the social distancing and quarantine measures that are being applied around the world as countries grapple with the COVID-19 pandemic. In turn, this looks set to buoy some relative veterans of the space.
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Will The Stimulus Bill Stop A Recession? Congress just passed, and the President signed, an enormous, multi-faceted bill to try to stave off a U.S. recession. Will the $2.3 trillion bill work as intended? We can start with the magnitude of the challenge. In the face of the deadly Covid-19 pandemic, many ...
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Experimental coronavirus treatment using antiviral remdesivir expanded by developer Gilead Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Biotech company Gilead Sciences is expanding access to its antiviral drug remdesivir as an experimental coronavirus treatment. In an open letter sent out Saturday, ...
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Fed lifeline saves bond funds teetering on brink of ETF hell The Federal Reserve's unprecedented step into U.S. corporate bonds helped cure many of the massive dislocations in exchange-traded funds — and may have saved mutual funds from a similar fate. After prices for the biggest fixed-income funds held in a ...
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Stocks Continue To Rebound As Trump Extends Social Distancing Measures Topline: Stocks continued their rebound on Monday morning after President Trump's announced that social distancing guidelines will be extended to April 30. At Thursday's open, the Dow Jones Industrial Average gained 0.6%, or 140 points, while the S&P ...
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Stocks Extend Losses, Oil Trades Below $20 on Virus Impact BANGKOK (AP) — World markets started the week with more losses as countries reported surging numbers of infections from the coronavirus, forcing prolonged shutdowns of travel and business in many regions. Shares fell in London, Paris and Tokyo on ...
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Coronavirus pandemic: EasyJet grounds entire fleet during outbreak Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. EasyJet has grounded its entire fleet of airplanes due to a collapse in demand and extraordinary international travel restrictions during the global coronavirus ...
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Stocks with Las Vegas ties hammered in rough Wall Street ride Executives and investors of publicly traded companies with a connection to Southern Nevada won't soon forget March 18. That's the date nearly every gaming company stock tumbled to its 52-week low price. It also was the first trading day after Gov.
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Johnson & Johnson to Begin Human Trials of Covid-19 Vaccine by September Johnson & Johnson said Monday that it had made progress on a vaccine to prevent Covid-19 and that the product could be ready in early 2021. The Latest on the Coronavirus. More than 735,000 infections world-wide in 177 countries and regions; Global ...
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French Bank Shareholders Have Most at Stake in Dividend Delays The European Central Bank's unprecedented call on Europe's banks to delay dividends would hit shareholders in the three largest French banks particularly hard. If BNP Paribas, Credit Agricole and Societe Generale follow UniCredit SpA, ABN Amro NV and ...
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Poland's PKN upholds plan to buy Lotos, awaits further EU decisions WARSAW (Reuters) - Poland's biggest oil refiner, the state-run PKN Orlen (PKN.WA), upholds its plans to take over its smaller rival Lotos (LTSP.WA) and awaits further decisions by the European Commission regarding the deal, PKN Chief Executive Daniel ...
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Amazon workers to stage a walkout Monday, demanding closure of Staten Island facility Amazon employees at the company's Staten Island, New York, facility plan to walk off the job Monday amid allegations the online retail giant has mishandled its response to the coronavirus pandemic. Employees are protesting Amazon's decision to keep the ...
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India's HPCL invokes force majeure on Iraqi oil - industry source NEW DELHI, March 30 (Reuters) - Indian refiner Hindustan Petroleum Corp Ltd has issued a force majeure notice to Iraq's Oil Marketing Company (SOMO) to cancel two oil cargoes as local fuel demand is hit by lockdown to stem spread of coronavirus, ...
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Medtronic Publishes Design Specs for Ventilator to Combat Coronavirus Medtronic Plc said it would publicly share the design specifications for a ventilator product to allow other companies to explore producing it rapidly to help meet demand driven by the new coronavirus. The company posted online the design documents, ...
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Coronavirus: SpaceX internet-beaming rival OneWeb files for bankruptcy over COVID-19 Live. A week after launching 34 satellites, space broadband contender OneWeb on Friday filed for Chapter 11 bankruptcy in a New York court after funding talks with its main investor Softbank collapsed due to coronavirus COVID-19 market turbulence.
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Krispy Kreme is giving health-care workers free doughnuts starting today Krispy Kreme is making Mondays a little sweeter for America's hardworking healthcare community. The company is giving away "Original Glazed" doughnuts to the people on the frontlines of the coronavirus pandemic beginning Monday, March 30 — National ...
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Health insurers Cigna, Humana waive out-of-pocket costs for coronavirus treatment Two major U.S. health insurers, Cigna and Humana, are waiving all out-of-pocket costs for coronavirus treatments nationwide. "Two of the country's largest health insurers, Humana and Cigna, are announcing that they will waive co-pays, which is a big deal.
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Cal-Maine Earnings Beat Analyst Estimates - Egg Producer Sees No Supply-Chain Disruption Things are looking sunnier for Cal-Maine Foods (CALM) - Get Report, one of the nation's largest egg producers, as its shares were buoyed by a strong quarterly performance and its report that it's seen no supply-chain disruption during the coronavirus ...
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Taco Bell will hand you a free taco on Tuesday -- following proper social distancing protocol (CNN) It's easy to forget which day of the week it is when you're cooped up in your home for weeks on end. But please, don't forget Taco Tuesday. Taco Bell hasn't. On March 31 (this upcoming Tuesday, if you haven't glanced at a calendar for a bit), the chain ...
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Coronavirus: Cunard and P&O Cruises extend 'pause' in voyages Cruise companies Cunard and P&O have lengthened the suspension of operations due to the coronavirus pandemic. Two of Cunard's three ships began to sail back to Southampton earlier this month when it halted its international holiday voyages.
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Researchers see sharp rise in fake Zoom domains as hackers target remote workers Security researchers at Check Point Software Technology Ltd. said today they've observed a sharp rise in the number of fake "Zoom" domains registered in the last week as more and more people switch to remote working during the global coronavirus ...
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Goldman Sachs sees S&P 500 dividends declining 25% in 2020 LONDON (Reuters) - Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak. "The record high level of net ...
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Dollar General announces discount to medical, guardsmen and first responder communities Beginning today, Dollar General is proud to provide all medical personnel, first responders and activated National Guardsmen with a 10 percent discount on qualifying purchases. Individuals can present their employment badge or ID at more than 16,300 ...
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HQ Trivia returns after February shutdown It's back. Getty Images. Live mobile trivia game HQ Trivia made a surprise return Sunday, after shutting down and laying off its employees in February. An investor provided the funding it needed for a comeback, according to the Wall Street Journal, and a push ...
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Pending home sales rise 2.4% in February Coronavirus pandemic is likely to derail the housing market as layoffs surge and the economy falters. Facebook; Twitter; Comments; Print; Email. Reuters. close. Zillow is suspending buying in 24 markets due to inventory concerns. FOX Business' Lauren ...
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Sinopec expects lowers 2020 refining runs as coronavirus hits demand Updates throughout. BEIJING, March 30 (Reuters) - Asia's top refiner China Petroleum Chemical Corp 600028.SS, or Sinopec, expects that its full-year 2020 refining runs will be lower than in 2019 because of a contraction in Chinese fuel demand caused by ...
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Retirement plan pitfalls workers should avoid Employers that offer a retirement plan know it's a highly valued benefit that can help retain and attract employees. Yet 401(k)s and similar plans contain two features that can undermine success. Retirement plans make it all too easy to raid your money long ...
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DH2i Recognized in the 2020 CRN® Partner Program Guide DxAdvantage Partner Program Shines for Providing Premier Data Availability, Security and Access Solutions, Together with World-Class Training, Tools and Support. FORT COLLINS, Colo., March 30, 2020 /PRNewswire/ -- DH2i, the leading provider of data ...
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Easyjet founder threatens to sack board members unless £4.5bn Airbus payment cancelled Easyjet's founder and largest shareholder Sir Stelios Haji-Ioannou has threatened to sack one of the budget carrier's board members every seven weeks unless the firm cancels a £4.5bn order of new aircraft from manufacturing giant Airbus. The letter, which ...
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Oil plunges to 18-year lows, TSX falls as investors weigh stimulus against shutdown U.S. stocks rose after a mixed overnight session, as investors saw glimmers of optimism in health-care efforts to deliver rapid virus testing. The dollar rose. The S&P 500 Index climbed for the fourth time in five days even after a weekend full of negative ...
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UPS changing delivery policies during COVID-19 outbreak UPS is no longer requiring signatures from customers. The delivery company released those updated guidelines over the weekend, and says drivers will just make sure the customer takes their package immediately, and request an ID if applicable. UPS says ...
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Criminals move online to target isolated residents with Covid 19 scams Criminals are turning to the internet to scam schools, businesses and individuals, using the Covid-19 crisis to hack accounts and steal their money. Nottinghamshire Police is launching a live Q&A with the public on Tuesday, March 31, to offer advice and ...
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Charlotte's Web Names David Panter as Chief Operating Officer Market Leading Hemp-Derived CBD Brand Enters into Next Phase of Growth and Expansion. BOULDER, CO, March 30, 2020 /PRNewswire/ - (TSX: CWEB, OTCQX: CWBHF) Charlotte's Web Holdings, Inc. ("Charlotte's Web" or the "Company"), the world's ...
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Grants whisky distillery pitches in to help with global shortage of hand sanitiser amid coronavirus crisis A Girvan distiller is producing millions of litres of ethanol as the world cries out for hand sanitiser. William Grant & Sons have shifted production to help in the global meltdown. And one of their key customers is owned by Troon man Stephen Allam, current ...
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ASOS accused of 'playing Russian roulette with people's lives' as huge warehouse remains open Around 3,500 people are employed at the depot, according to the retailer, which says up to 500 work on site at any given time. The trade union GMB claims social distancing measures requiring people to be at least two metres apart are being flouted at the site ...
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Advice from the head of a century-old business on COVID-19? 'Don't panic' Fletcher Steele has weathered five recessions with a nearly century-old family-owned company. He advised a president on a bailout plan in the Great Recession. Faced with the surging crisis brought about by the coronavirus pandemic, what's his advice to ...
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FIFO workers could face months away from family FLY-in, fly-out workers in Western Australia are being asked to consider spending months away from their loved ones as resources companies grapple with the coronavirus pandemic. Oil and gas giant Woodside has confirmed a 14-week swing is among the ...
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ViacomCBS Offers Free Streaming Service During Pandemic Patrick Stewart, who plays Captain Picard on Star Trek: Picard, announced on Twitter last week that ViacomCBS (NASDAQ:VIAC), which hosts the TV program on its CBS All Access streaming video service, was giving consumers free access to the service for ...
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