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Should We Forgive All Federal Student-Loan Debt? It isn't surprising that college debt is a hot-button issue in the U.S.: Americans collectively hold more than $1.5 trillion in federal student loans, making it the second-largest category of consumer debt, behind only mortgage debt. Among the approximately 43 ...
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Electric-Car Sales Shrink in China but Remain a Government Priority SHANGHAI—China's leaders are looking for new ways to draw consumers to electric vehicles as interest in them slumps. April was the first month in which Chinese EV sales declined while the overall auto market grew. Gasoline-car sales in April rose 6% ...
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CANADA FX DEBT-C$ surges to 2-month high as economic reopening pressures bears (Adds strategist quotes and details throughout; updates prices) * Canadian dollar rises 1.5% against the greenback * Loonie hits strongest level since March 16 at 1.3757 * Price of U.S. oil settles 3.3% higher * Canadian bond yields rise across a steeper curve ...
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Thinking About Summer Travel? Here's The Update From TSA The summer season is upon us and people are itching to travel, especially after being homebound for so long due to the coronavirus pandemic. The Transportation Security Administration (TSA) has issued updated safety measures for airport travel, which are ...
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New Zealand central bank says financial system in a solid position WELLINGTON (Reuters) - New Zealand's Central Bank said on Wednesday that the financial system is in a solid position to weather the significant economic impact caused by the COVID-19 pandemic and support the country's recovery. The Reserve Bank of ...
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UPDATE 1-Used car dealer charged with price gouging New York City on 3M's N95 masks (Adds bail conditions). By Jonathan Stempel. NEW YORK, May 26 (Reuters) - A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 ...
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2021 Mercedes E-Class Coupe and Cabriolet Benefit from Styling Update Throughout its history, Mercedes-Benz design has seen remarkable shifts and changes. Current design chief Gorden Wagener has developed his own distinct styling language, and the current E-class coupe and cabriolet are arguably the most pure of all ...
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More 'health care deserts' possible after four South Side hospitals call off $1.1 billion merger plan Four struggling South Side hospitals have halted plans to combine into a new system after state lawmakers failed to set aside funding for the project, raising questions about access to care in some of the city's most challenged neighborhoods. Advocate Trinity ...
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Jamie Dimon Says JPMorgan Will Bulk Up Credit Reserves Again, Stock Soars 7% Despite Second Quarter Warning JPMorgan Chase CEO Jamie Dimon said Tuesday that the bank will likely boost its credit reserves again this quarter (after adding $7 billion in Q1) as it continues to brace for a massive uptick in loan losses caused by the coronavirus recession.
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Merck to buy Austrian vaccine maker as it jumps into COVID-19 race CHICAGO (Reuters) - Merck & Co Inc (MRK.N), which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two ...
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State efforts to ease restrictions on to-go wine clash with Napa County regulations The California Department of Alcoholic Beverage Control wants to make it easier for some bars, wineries, distilleries and breweries to sell alcohol to-go during the coronavirus pandemic, but there are local hurdles. Businesses that primarily sell alcohol and do ...
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Google will reimburse up to $1000 for employees to buy work-from-home gear Google will reimburse employees up to $1,000 to pay for equipment to help them work from home, CEO Pichai wrote to employees on Tuesday. He also detailed how the company will slowly reopen its offices, starting by rotating employees through offices at ...
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Fertitta says closed restaurants should not pay full rent: 'Everyone needs to feel some pain' "Everybody has to be reasonable with everybody. I want to be a reasonable tenant, and I expect the landlord to be reasonable with me," Landry's CEO Tilman Fertitta said on CNBC's "Power Lunch." Landry's has over 600 restaurants, and more than half of ...
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Asia Stocks Set For Mixed Start; Dollar Slides: Markets Wrap Asian stocks looked set for a mixed start after Bloomberg News reported the Trump administration is considering sanctions on Chinese officials, another sign of deteriorating Sino-American relations. The dollar and Treasuries retreated.
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Amazon gave TV stations coronavirus propaganda, and some aired it Amazon has been successfully feeding talking points, video footage, and other corporate messaging to local television news stations ahead of its annual shareholder meeting on Wednesday. The footage and script are designed to paint Amazon in a positive ...
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Domino's US same-store sales rose 14% in first two months of the quarter Domino's Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter. As the broader fast-food industry has seen many of its customers return, Domino's has also noticed a lift to its own sales. The pizza chain ...
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Local commercial property sales plunge in April The 62 percent drop reflects a big pricing disconnect between buyers and sellers that isn't likely to be resolved anytime soon. Danny Ecker. Tweet · Share; More. Share · Email · Reprints Print. Curtis Waltz/aerialphotosofchicago.com. Sales of Chicago-area ...
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Prevent your credit limit from being lowered (and what to do if it already has been) In response to the current state of the U.S. economy as a result of the coronavirus, credit card issuers have been cutting credit limits for some cardholders. Your credit limit not only affects your credit score but also how much you're able to spend on your card at ...
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2021 Mini Countryman Facelift Includes Union Jack Taillights When Mini launched the first-generation Countryman, it shocked loyalists. The crossover SUV took the brand—whose very name suggests nimble, small proportions—straight into the mainstream. The second generation kept the size, but its more angular ...
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Masks a must: Six Flags shares what social distancing will look like at its parks -- including in San Antonio HOUSTON – Though Six Flags Fiesta Texas in San Antonio isn't opening yet, its parent company has announced what opening the theme park could look like. In a news release, Six Flags Entertainment Corporation said everyone will have to wear masks to ...
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Spotify stock falls after report says Amazon may invest in localized podcasts Shares of Spotify Technology SA SPOT, +0.43% are down 0.4% in Tuesday morning trading after Axios reported that Amazon.com Inc. AMZN, -0.61% was interested in investing in localized podcast content. The report said that sports content was "top of mind" ...
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Macao casino owner Stanley Ho dies at 98 HONG KONG — Casino tycoon Stanley Ho, whose business empire dominated the Portuguese gambling enclave of Macao for decades, has died in Hong Kong at age 98. Considered the father of modern gambling in China, Ho's long and eventful life tracked ...
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In coronavirus aftermath, Peter Thiel's Palantir considers abandoning California Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below. The coronavirus pandemic has some companies, including Peter Thiel's software firm Palantir, weighing whether to abandon the Golden ...
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Keysight shares fall 7% on steep drop in revenue Keysight Technologies Inc. KEYS, +1.31% shares sank 7% in after-hours trading Tuesday after the maker of electronics test and measurement equipment and software reported fiscal second-quarter results that badly missed Wall Street estimates. Keysight ...
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Green Stem marijuana dispensary in Niles takes open approach to coronavirus NILES — Green Stem Provisioning shut down temporarily about 11:45 a.m. Memorial Day but will be reopening for normal hours Wednesday after an employee tested positive for the coronavirus. The business decided to close shortly after learning about the ...
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Ben & Jerry's Launches New Space-Themed Flavor with a Sugar Cookie Dough Core Boots on the Moooo'n features milk chocolate ice cream with fudge cows and toffee clusters around a sugar cookie dough core. By Ally Mauch. May 26, 2020 04:38 PM. Advertisement. FB Tweet More. Pinterest Email Send Text Message Print. BOOTS OON ...
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Evofem Biosciences Soars as Birth-Control Gel Receives FDA OK Evofem Biosciences (EVFM) - Get Report was rising sharply Tuesday after the Food and Drug Administration approved Phexxi, the company's birth-control gel. The company expects to launch the product in early September. Phexxi is a non-hormonal, vaginal ...
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US new-home sales post surprise gain in sign of stability New-home sales in the US unexpectedly increased in April after swooning a month earlier, suggesting the housing market is starting to stabilize. Purchases of new single-family houses climbed 0.6% from March to a 623,000 annualized pace, government ...
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Clark County's unemployment rate jumps to 13.8 percent Clark County lost about 24,300 jobs in April as the impact of the novel coronavirus pandemic hit home, pushing the unemployment rate to 13.8 percent. "We knew from unemployment claims data over the last two months that there was substantial job loss," ...
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Ford temporarily suspends production at Claycomo plant after employee tests positive for COVID-19 KANSAS CITY, MO (KCTV) – The Ford Kansas City Assembly Plant has temporarily paused their production so they can deep clean the plant after an employee tested positive for the coronavirus. According to a spokeswoman for the plant, an employee tested ...
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Recovered COVID-19 patients may help treat it with plasma donations, but few have donated in Inland Northwest Dr. Prakash Gatta couldn't believe his ears when he got the phone call in late March: The test came back positive. The Tacoma-based surgeon had contracted COVID-19, just as the virus case counts in Washington were peaking. Gatta had no idea where he ...
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Gaylord Opryland to reopen in June NASHVILLE, TN (WSMV) - Gaylord Opryland Resort and Convention Center will reopen their doors next month, according to a company statement. The announcement was made by Vice President and Market General Manager John Adams on Tuesday, but ...
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Canada's Quebec provides $200 million aid to hard-hit Cirque du Soleil MONTREAL (Reuters) - Cirque du Soleil, its spotlight dimmed by the coronavirus pandemic, will receive $200 million in aid from Canada's Quebec province, an official said on Tuesday, as part of broader efforts to revive and keep the hard-hit international ...
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Oklahoma energy co. brings $825M in debt to Houston bankruptcy court Unit Corp., which handles a number of services across the oil and gas industry, owes more than $800 million in debt. The company's current plan has it giving equity ownership over to its creditors. iStock. By Joshua Mann – Senior reporter, Houston Business ...
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Blackstone risks paying damages in dispute with Italy's RCS MILAN (Reuters) - Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone in 2013 were valid but found that the purchaser's behaviour may entitle the Italian publisher to compensatory damages, RCS said ...
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Reliance looks at Nasdaq listing for Jio Platforms; IPO likely by 2021 An overseas listing may be on the cards for Jio Platforms, the digital and telecommunications subsidiary of Reliance Industries (RIL). According to sources aware of the development, work in this regard may commence soon after RIL sells 20-25 per cent in Jio ...
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Live Nation pulls out of $400m-plus majority acquisition of Latin America's biggest promoter Live Nation Entertainment has told its shareholders that it has officially pulled out of an agreed acquisition of a majority stake in Latin America's largest live music promoter. The US company was set to acquire a 51% stake in Mexico-based OCESA for a cash ...
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The New Kia Rio Hybrid Has a 'Clutch-by-Wire' Setup for Its Manual Transmission Kia's budget-friendly Rio compact doesn't typically stand out in a crowd. The commuter is aimed largely at budget buyers interested in attractively priced means of personal transportation. However, Kia recently announced a refresh for its European market ...
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Sterling rises to two-week high as dollar weakens LONDON — The pound rose against the dollar and euro on Tuesday, hitting a two-week high and holding above $1.235, boosted mainly by improving global risk appetite which saw the greenback fall. World shares forged ahead and commodity markets ...
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COVID-19 Casualty: Baylor Scott & White Health Laying Off 3% Of Its Workforce NORTH TEXAS (CBSDFW.COM) – The coronavirus pandemic hasn't spared some healthcare professionals from losing their jobs, and now 3% of Baylor Scott & White Health workers will experience just that. Baylor made the announcement Tuesday.
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Aid to jobless workers in Pennsylvania reaches $10.6B 16 minutes ago. About $10.6 billion in unemployment compensation and special federal covid-19 funding has been distributed to Pennsylvania's jobless workers since businesses deemed nonessential were shut down in mid-March, officials said Tuesday.
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Burton cancels 2021 US Open Snowboarding Championships in Vail over coronavirus concerns Burton Snowboards on Tuesday announced that due to ongoing uncertainties around the COVID-19 pandemic, the company has made the difficult decision to cancel the 2021 Burton U.S. Open Snowboarding Championships, which was slated to take place ...
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A 'control room' Q&A with Kevin Law as Long Island begins to reopen As Long Island reaches Phase 1 of reopening the economy, a team of six appointed officials across Long Island is responsible for monitoring key health metrics to make certain there's not a significant spike in COVID-19 cases. Joining both county executives ...
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