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Business News

Location American Business News for 23 April 2020
Small businesses say banks fumbled applications in first round of PPP funding Small businesses shut out of the government's paycheck protection loan program last week are fuming at their banks for fumbling their applications. Dan Abrams, who owns The Mermaid Inn and five other eateries in Manhatta...
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What It's Like In Las Vegas Right Now -- Las Vegas Advisor's Anthony Curtis Tells Us A former blackjack player, Anthony Curtis began publishing the Las Vegas Advisor more than 30 years ago as a newsletter for consumers considering visiting the gambling center.
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Budweiser Reimagines Iconic 'Whassup' Ad to Encourage Quarantine Check-Ins It seems that we've hit a point with quarantine where even the most introverted among us are ready for some in-person social interaction. As the days turn into weeks and months with no certain end date in sight, it's eas...
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Publicis Groupe Names First Global CMO 'at This Time of Profound Change' Publicis Groupe has introduced a new role to help clients find new ways to grow and ensure that they're recovery ready. Publicis Groupe has promoted Justin Billingsley to serve as its first global chief marketing officer...
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Railroads Prepare for Quick Turnaround

Wall Street Journal - 23 Apr 2020 19:39
Railroads Prepare for Quick Turnaround Freight railroads are keeping their workers and locomotives on standby to quickly help get things moving again when large-scale business activity resumes.
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How This Founder Saw An Opportunity To Start A Company During The Pandemic Rashida Gayle, founder of Twenty Six Marketing Agency, has utilized her network and prior experience to turn a downsize into an opportunity.
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When will Disneyland and other parks reopen? How will they keep visitors safe? Theme parks like Disneyland may not reopen until 2021. Expect parks to limit attendance, take temperatures, space out lines and sanitize, sanitize, sanitize.
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"We're not test subjects, we're people, we are employees," said a bartender.
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Chamath Palihapitiya, chief executive of venture-capital firm Social Capital LP, argued during an interview on CNBC's "Fast Money Halftime Report" that stock repurchases by corporations are a bad use of funds and have le...
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McConnell Supports Giving States Bankruptcy Access

Wall Street Journal - 23 Apr 2020 02:22
Senate Majority Leader Mitch McConnell said he favors allowing states to access bankruptcy protection over giving them more federal aid as they grapple with the coronavirus pandemic.
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Marathon Petroleum Corp , the largest U.S. oil refiner, warned on Wednesday of a first-quarter loss on a roughly $7.8 billion write-down from a sharp fall in fuel demand.
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The Challenges of Post-COVID-19 Care

The New Yorker - 23 Apr 2020 23:51
Dhruv Khullar writes about the severe physical and emotional hardships that coronavirus patients face as they struggle to recover from the disease.
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70% Of Americans Want Officials To Prioritize Public Health Over Restarting Economy Only 29% of people who participated in the CBS/YouGov poll said they would feel comfortable going to a restaurant right now.
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"The doors are still closed. There is still no smoke coming out of the chimneys in corporate America. It is not surprising that you continue to see significant layoffs," said one economist.
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Announced today, the Blockstack testnet is open. Developers can now simulate the Stacks blockchain's new, hybrid consensus mechanism, which Blockstack calls Proof-of-Transfer (PoX).
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Gap warned that it may not have enough cash flow to sufficiently fund its operations as stores remain shut because of the coronavirus pandemic.
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The coronavirus bill the House is considering would replenish a small business loan program, send aid to hospitals and fund a testing expansion.
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Lady Gaga And Blackpink's New Song May Be The Biggest Collaboration Between Korean And Western Stars Yet Without having heard it, Lady Gaga and Blackpink's "Sour Candy" is already one of the most important collaborations between an American superstar and a K-pop act.
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Europe's Banks Cannot Afford to Be Optimistic

Wall Street Journal - 23 Apr 2020 15:53
European banks were too optimistic during the last crisis, setting investors up for years of pain. Judging by Credit Suisse's first-quarter results, there is a risk that they will also prove too optimistic in the current...
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A set of closely-watched business surveys gave a terrifying glimpse into the scale of Europe's looming coronavirus recession Associated Press Europe's economy nosedived in March, with surveys from the continent's three largest powers tanking to record lows far worse than anything witnessed even during the depths of the financial crisis. The co...
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Gold futures head higher Thursday as tightening supplies for the commodity and worries about the economic impact of the COVID-19 pandemic and rising tensions in the Middle East buoyed bullion.
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The peer-to-peer trading service allows investors to directly trade security tokens directly and simply.
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