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Business News

Location American Business News for 8 April 2020
First Humans, Now Pets: Cats In Infected Or Self-Isolating Homes Told To Stay Indoors There is no evidence that coronavirus virus can be transmitted from pets to humans, but vets in the U.K. and Australia have asked infected households to take precautions after a handful of animals have tested positive fo...
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Divergence in Oil Prices Shows Collapse in Demand

Wall Street Journal - 8 Apr 2020 16:03
The price of Dated Brent, a key gauge of the market for oil cargoes in the North Sea, has been at least $5 a barrel lower than the price of Brent-crude futures since March 24.
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Mark Spitznagel's Universa Investments made a crazy return offering a hedging strategy that serves as an insurance policy against extreme market events, but he tells investors that he has no idea what will come next.
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Google Duplex, Google's AI voice reservation system, has seemingly expanded beyond the U.S. to the U.K., Australia, and Canada .
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Tesla Inc told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut down of its U.S. production facilities because of the coronavirus outbreak.
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Airbnb Paying More Than 10% Interest on $1 Billion Financing

Wall Street Journal - 8 Apr 2020 02:22
Airbnb Inc. agreed to pay its new investors interest at a rate of more than 10%, and to strengthen its leadership, in return for the $1 billion in additional funding announced Monday, according to people familiar with th...
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Coronavirus Stimulus Payments Will Hit Direct Deposit Accounts Next Week, Mnuchin Says Congress recently passed a $2 trillion stimulus bill that includes $1200 cash payments for most Americans.
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Investors are on the hunt for bargains and that could mark the end of Wall Street's woes.
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Photos: Joy As Wuhan Opens After 76-Day Coronavirus Lockdown After 77 days in coronavirus lockdown, Wuhan residents have returned to the streets.
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Here's How the Crypto Sector Is Navigating the Pandemic's Challenges As a digital industry, crypto is in a more fortunate position than many other sectors facing the coronavirus pandemic's fallout. How are providers in the crypto space responding to the crisis?
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Amid Mass Layoffs, Outskilling Should Become The New Normal The vast majority (89%) of CEOs agreed that investments in "outskilling" initiatives--which provide guidance and navigation support, education and training, and connections to new employers--would benefit both their comp...
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Bitcoin Price Holds $7.1K Amid More Warnings a $5K Retest Is Coming Bitcoin may be riding high but momentum will likely run dry past $7,500, says one Cointelegraph analyst
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Slow Economic Reboot: MIT Expert Warns Colleges To Stay Shut Through 2020 The economic recovery will be much slower than touted. Expect market volatility to last longer as well.
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The Centers for Disease Control and Prevention (CDC) quietly deleted large chunks of its guidelines on hydroxychloroquine and chloroquine, the...
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New Food Delivery Platforms Aim To Do Better For Struggling Restaurants And Workers Looking for an alternative to Grubhub and Instacart? A new crop of food delivery platforms aims to do better for struggling restaurants and grocery shoppers by offering reduced or eliminated fees and greater business aut...
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Tonkean, a startup that's developing a platform to automate enterprise workflows, has raised $24 million in venture capital.
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Investors Are Bailing on Aircraft Leasing Funds

Wall Street Journal - 8 Apr 2020 13:44
Investors Are Bailing on Aircraft Leasing Funds The coronavirus pandemic has upended the airline industry, halting travel and grounding planes. Now, the sector's pain is spreading to a little-known corner of the market where investors have enjoyed heady returns for ye...
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'Finger-pointing from politicians': Stocks slide after eurozone leaders fail to agree on coronavirus response Reuters European stocks fell on Wednesday after eurozone ministers failed to reach an agreement on how best to weather the coronavirus storm. Japan's Nikkei climbed after the government announced a nearly $1 trillion sti...
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OakNorth helps banks analyze credit, identify pandemic-related risks and forecast borrower issues before they turn into defaults.
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'Pharma Bro' Shkreli wants out of prison to research coronavirus Shkreli was sentenced to seven years in prison for crimes that included defrauding investors in a drug company, Retrophin.
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Virgin Galactic's Chamath Palihapitiya: Bitcoin Could Go to $1 Million, Everybody Should Own Some Virgin Galactic Chairman Chamath Palihapitiya has shared his bitcoin investment strategy, predicting that bitcoin’s price could reach a million dollars. He further suggested that everybody should have 1% of their asset...
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UFC Fighter Changes Twitter Name to Promote Bitcoin Halving One prominent sports figure is doing all he can to promote the Bitcoin halving to his 311,000 followers
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