Finance
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Party’s over: Iconic NYC venues struggling amid pandemic
On July 9, Manhattan’s uber-swanky party venue Gotham Hall hosted its first event since the pandemic hit in March. The…
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Why looking at the stock market won’t give you full picture of US economy
Between the federal government and the Federal Reserve, about $10 trillion has been pumped into the US economy to prevent…
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Casino mogul Sheldon Adelson vows to pay staff through end of October
Billionaire casino mogul Sheldon Adelson has promised to keep paying the US employees of his casino empire until at least…
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Trump administration will reportedly order sale of TikTok’s US business
Microsoft may be eyeing a massive acquisition of popular social media app TikTok, even as President Trump said the United…
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Trader Joe’s backtracks on ditching ‘racist’ food brands
Trader Joe’s scrapped plans to abandon its ethnic food brands days after pledging to ditch them amid charges of racism.…
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ExxonMobil posts largest loss ever as COVID-19 pandemic hammers oil industry
ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil. The Texas-based…
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Under Armour’s stock surges on surprisingly small quarterly loss
Under Armour reported a smaller-than-expected quarterly loss on Friday, as it sold more merchandise online with customers staying at home…
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Feds pledge up to $2.1B to COVID-19 vaccine from Sanofi, GlaxoSmithKline
The feds will give Sanofi and GlaxoSmithKline up to $2.1 billion to churn out a coronavirus vaccine in the Trump…
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Facebook stock soars on resilient revenue growth amid coronavirus
Facebook’s stock price soared in premarket trading Friday as Wall Street cheered its resilient revenue growth despite the coronavirus pandemic…
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Convicted felon with family mob ties accused of defrauding investors
Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars…
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