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President Trump just guaranteed a slower recovery from the recession A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business) President Donald Trump has dashed hopes for a large, bipartisan stimulus deal before the election.
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Shogun raises $35M to help brands take on Amazon with faster and better sites of their own E-commerce has boomed this year, with more businesses and shoppers than ever before turning to websites and apps as a safer, socially distanced alternative during the current global health pandemic. Today, a startup that has built a platform to help ...
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Billionaires have never been richer despite the pandemic London (CNN Business) The wealth of the world's billionaires reached a new record high in the middle of the pandemic as a rebound in tech stocks boosted the fortunes of the global elite. Billionaire wealth increased to $10.2 trillion at the end of July, up from ...
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Australia casino billionaire Packer blasts executives as probe targets China arrests SYDNEY (Reuters) - Australian billionaire James Packer on Wednesday recalled asking the two top executives of Crown Resorts Ltd CWN.AX to study the risk of keeping staff in China soon before a mass arrest in 2016 upended his casino firm, saying they let ...
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Malaysia's AirAsia X aims to stave off liquidation with $15 billion debt restructure KUALA LUMPUR (Reuters) - Malaysia's AirAsia X Bhd AIRX.KL, the long-haul arm of AirAsia Group Bhd AIRA.KL, said it wanted to restructure $15.3 billion of debt and slash its share capital by 90% to continue as a going concern. FILE PHOTO: Tail of AirAsia ...
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Amazon Prime Day is coming up and here are the deals to watch for Amazon is betting that, after months of conserving cash, Americans may be ready to shop again — if the price is right. The online retail giant is kicking off its annual two-day shopping event at midnight PT (3 a.m. ET) on Tuesday, Oct. 13. Prime Day, which was ...
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3 reasons to refinance your mortgage now If you're a homeowner who's been considering a mortgage refinance, you may not want to wait much longer. The current mortgage market is about as favorable to homeowners as it's ever been, and while it's unclear exactly how long these conditions will last, ...
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McDonald's adds new bakery items for the first time in almost a decade Beginning October 28, the McCafé bakery lineup is expanding with three new options: an apple fritter, a blueberry muffin and a cinnamon roll. They will be available all day across participating restaurants in the United States.
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Want to Earn an Extra $484 per Month From Social Security? Here's How It's not as challenging as you may think to boost your benefits by hundreds of dollars per month. Katie Brockman. (TMFKatieBrockman). Oct 7, 2020 at 7:31AM. Author Bio. Katie Brockman is a personal finance and retirement writer who enjoys geeking out ...
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Asia's largest junk bonds are riskier than ever — and Chinese property developers may be feeling the heat A leaked document last month regarding the cash flow of Evergrande, China's second-largest developer by sales, has highlighted concerns of the liquidity flows of Chinese real estate developers. That has raised the pressure on property developers' ability to ...
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Broadcom Settles Chip Dispute With EU Regulators BRUSSELS—U.S. chip maker Broadcom AVGO -0.58% settled an antitrust dispute with the European Union, a year after EU officials revived a seldom-used power ordering the company to stop allegedly anticompetitive contract terms with its customers.
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What PPP loans could mean for M&A You might say, in the parlance of "Sesame Street," that deals are being brought to you by the letter P — as in pandemic; pivot, the verb of choice these days; and the Paycheck Protection Program, familiarly known as PPP. PPP was a federal initiative created to ...
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'We still have a way to go': Center City restaurants, store reopenings grow — but concerns remain Center City restaurants and retail stores have seen some recovery since the summer, but a new report says the future of local dining and shopping is still shaky as the Covid-19 pandemic continues. The report from Center City District recorded store and ...
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Mercedes targets wealthy customers as it expands electric vehicle plans Editor's note: This story is available as a result of a content partnership with the Financial Times. Subscribers will see stories like this every day on our website (and in our daily emails) as an added value to your subscription. Mercedes will focus on building ...
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Mexican Restaurant in Queens Pivots to Takeout-Only Model During Pandemic QUEENS, N.Y. - Vishal Patel never envisioned transforming his Hot Peppers Mexican restaurant into an all takeout operation. He had to close his dining room in March because of COVID-19 and still hasn't reopened it, even when the state and city allowed a ...
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India Stocks Rise to Highest Since February Pending RBI Decision Indian stocks rose after a volatile start to the session as the central bank's new monetary policy committee began meeting ahead of a decision later this week. The S&P BSE Sensex advanced 0.8% to 39,878.95 in Mumbai, the highest in more than seven ...
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Mack Trucks places second electric refuse truck into service Greensboro-based Mack trucks has put another pre-production Mack LR Electric refuse vehicle into service for a real-world trial. On Tuesday, the company delivered a vehicle to Republic Services in Hickory, where it will test it in one of its residential recycling ...
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'End of an era' — and TD Ameritrade It was the last time Tom Nally would stand on a stage as the president of TD Ameritrade Institutional, addressing RIAs. Two months earlier, the company had surprised its advisors with an announcement that long-time rival Charles Schwab would acquire it.
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Poland fines Russia's Gazprom $7.6 billion over pipeline Polish authorities have fined Russia's state-owned energy giant Gazprom $7.6 billion, or 6.5 billion euros, for its role in building the Nord Stream 2 gas pipeline to Germany. WARSAW, Poland (AP) — Polish antitrust authorities have fined Russia's state-owned ...
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Tesco sticks to policy and lifts half-year dividend New Tesco chief executive Ken Murphy has signalled he will continue his predecessor's dividend policy after declaring a 20 per cent increase in the half-year payout. Shareholders will receive 3.2p per share, up from 2.65p last year, the ...
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Invitation Homes, Rockpoint Form $1B JV for Single-Family Rental Homes Invitation Homes and Rockpoint Group have formed a $375 million joint venture that will acquire single-family homes to operate as rental residences. Of the total equity commitment, $75 million will be committed by Invitation Homes and $300 million will be ...
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UK's COVID-19 testing system hit by Roche supply problems LONDON (Reuters) - Britain's COVID-19 testing system, already struggling with a surge in new cases, was facing fresh disruption on Wednesday after Swiss pharmaceutical giant Roche ROG.S said problems at a new warehouse had delayed the dispatch of ...
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Molson Coors begins major upgrade of its 147-year-old Golden plant Molson Coors Beverage Co. (NYSE: TAP) broke ground on an upgrade of its 147-year-old Golden plant Tuesday that company leaders say will pump "hundreds of millions" of dollars into the facility and prepare it to make better beer and more types of ...
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Tesco first-half profit rises on higher revenue Tesco PLC reported Wednesday a higher pretax profit for the first half of fiscal 2021 on rising revenue, and said that it has appointed Tate & Lyle PLC's Imran Nawaz as its new chief financial officer. The U.K.'s largest grocer by market share made a pretax ...
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IMF Chief Not Seeking Austerity in Argentina 'In These Times' Negotiators for the International Monetary Fund arrived in Argentina Tuesday intending to listen to the government's plans and aren't immediately requesting spending cuts, according to IMF Managing Director Kristalina Georgieva. The Fund's Julie Kozack ...
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Street vendors may get loans faster as government integrates PM SVANidhi portal's API with SBI Technology for MSMEs: Ministry of Housing & Urban Affairs will be looking to integrate APIs with other banks as well. API is essentially a messenger, which enables the exchange of data (integration) between two or more applications, for connectivity between ...
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Mega Millions winning numbers for Tuesday, Oct. 6 Is today your lucky day? Here are the Mega Millions winning numbers for Tuesday, Oct. 6, 2020. 15 - 16 - 18 - 39 - 59 and Megaball 17. Megaplier was 3x. The jackpot was an estimated $50 million with a cash option of $39.3 million, according to the Mega ...
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The Daily Chase: Markets digest Trump tweets; PBO to release CERB transition cost The initial shock from U.S. President Donald Trump's declaration-via-tweet that stimulus negotiations are on hold until after the elections appears to have worn off in the market, with futures pointing to gains at the start of trading after yesterday's abrupt turn ...
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Moderna vaccine trial slowed down by lack of Black, Latino, Native American participants: report Moderna slowed down its late-stage COVID-19 vaccine trial after contractors didn't enroll enough participants from Black, Latino and Native American communities, according to a report. Investigators involved in the study of the vaccine — one of the most ...
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Hemp and CBD in China: Good regulatory control key to driving open market for consumer food products - expert panel China's well thought out regulatory policies for its hemp and CBD industry have been key to establishing a controlled, and growing, open market for downstream consumer products such as food and cosmetics, according to an expert panel. The panel ...
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Tullow Oil retains $500m liquidity headroom Tullow Oil said today it retains $500m liquidity headroom as of the start of the final quarter of its fiscal year. This follows the redetermination of its credit facility that has $1.8 billion of debt capacity. The oil producer has been looking at ways to avoid a cash ...
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Ruby Tuesday declares bankruptcy The struggling casual dining has shed 185 locations during the pandemic and is down to 250 locations. By Jonathan Maze on Oct. 07, 2020. Photograph by Jonathan Maze. Facebook · Twitter · LinkedIn · SMS. Ruby Tuesday, the venerable Maryville, Tenn.
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IN THE SPIRIT: Pumpkin Spice Cocktails & Mocktails The pumpkin spice latte has long been the seasonal star of coffee shops across North America, but there is no reason why the warming scents of spices such as cinnamon, nutmeg, cloves and ginger can't find their way into your cocktail glass. Distillers have ...
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Who is Dinesh Kumar Khara? Know all about new SBI chairman The Centre on Tuesday appointed Dinesh Kumar Khara as the new Chairman of State Bank of India (SBI). Khara's appointment comes into effect from October 7, for a period of three years. Let us know more about the new SBI chairman: On August 28, the ...
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EU auditors warn over plastics recycling infrastructure The need for the UK and other European countries to increase infrastructure for the recycling of plastics is signalled in a review from the European Court of Auditors, published yesterday (October 6). And at the same time, the Court warns that there is a ...
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Atmanirbhar Bharat: Centre gives approval to 16 mobile companies under PLI scheme Ministry of Electronics and IT on Tuesday gave its approval to 16 eligible applicants under the PLI Scheme. Production of Rs 10.5 lakh crore and exports of Rs 6.5 lakh crore are expected over the next 5 years. The international mobile phone manufacturing ...
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Why Aon and Willis Towers Watson combined are a stronger firm As the deal to create the world's largest global insurance and investment professional services firm closes, Aon and Willis Towers Watson have started promoting the benefits the newly merged firm will offer. The 30,000-strong firm will command revenue of ...
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Best wine advent calendar: Raise a glass to the festive season We've had a little word with Santa Claus and good news – you're all on the nice list this year! To make the countdown to Christmas that bit more cheerful, we've rounded up our very favourite wine advent calendars for 2020. Whether you're a fan of robust reds, ...
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Levi Strauss: Fiscal 3Q Earnings Snapshot SAN FRANCISCO (AP) _ Levi Strauss & Co. (LEVI) on Tuesday reported fiscal third-quarter earnings of $27 million. The San Francisco-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents ...
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Oct. 6 - East end of Perfection Bakeries building will be new home for Fort Wayne Philharmonic During the announcement on Oct. 6 of the new deal that will revive the Electric Works project, Sweetwater Sound founder Chuck Surack broke a little news of his own. The east end of the former Perfection Bakeries building downtown in the 300 block of Pearl ...
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New Jersey's Coronavirus Travel Advisory List Rises to 35 States and Territories TRENTON, NJ — New Jersey's self-quarantine travel advisory list has once again hit 35 states and territories, with the addition of New Mexico. As a result, individuals traveling to New Jersey are asked to get tested for the coronavirus and self-quarantine for 14 ...
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Nebraska Casino Measure Could Pave the Way For Legal Sports Betting Nebraska voters will soon decide whether or not their state approves commercial casino gaming and possibly its first-ever legal sportsbooks. Nebraska Initiative 429 would amend the state constitution to allow "games of chance" at licensed racetracks.
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