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Business News

Location American Business News for 17 May 2020
A (Barely) Controlled Explosion, and 330 M.P.H. Before You Can Blink An inside look at the engines that propel the funny cars of drag racing from zero to you-can't-be-serious in four seconds.
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Indian conglomerate Reliance Industries said on Sunday equity firm General Atlantic will buy 1.34% of its digital unit for 65.98 billion rupees ($870.25 million).
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Big Consulting Firms Push Back Start Dates for New Hires

Wall Street Journal - 17 May 2020 15:00
Big Consulting Firms Push Back Start Dates for New Hires Some of the largest consulting firms, including McKinsey and Boston Consulting Group, are pushing back start dates for their newest hires.
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The People's Bank of China should avoid buying special treasury bonds as such a move could fuel inflation risks and asset bubbles and lead to depreciation of the yuan currency, central bank policy adviser Ma Jun said in ...
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'Midsommar' May Queen Dress Raises $65,000 For COVID-19 Relief A24 is also selling off iconic items from 'Uncut Gems' and 'The Lighthouse' to raise money for New Yorkers impacted by the crisis.
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S&P 500 Indicates A Bear Market. Or Does It? As with the current bear market that appears to be developing, we get this constant tug of war.
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China's foreign ministry said on Saturday the United States needed to stop the "unreasonable suppression" of Chinese companies like Huawei.
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J.C. Penney Needs Quick Bankruptcy Exit to Avoid 'Disastrous' Result The clock is ticking for J.C. Penney, which is racing to settle with creditors quickly enough to convince them it can once again make money selling clothing, cosmetics and cookware to another generation of Americans.
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Andy Borowitz jokes that it is more likely that there is a vaccine developed for the coronavirus than it is they he will release information about his income taxes to the public.
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Remote working has surprised me in positive ways, but I'm still dubious that an all- or largely-remote workforce is as simple as some would like to think.
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Stocks This Week: Buy Central Gardens And Pet Company And Sell Short Werner Enterprises The S&P is likely to rally as the week opens, but to sell off at the end of the week.
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The future of work, the changing shape of the office, and the end of business travel Uber; Land O'Lakes; Tapestry; Vertex; Samantha Lee/Business Insider Hello! The coronavirus has affected everything, from how we work and take care of one another, to how we shop, pay, and entertain ourselves.See the rest...
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Magic Johnson's Life Insurance Company Reportedly Funding $100 Million In Small Business Loans "This is, when you think about it, life and death for so many business owners. They have nowhere else to turn."
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Elon Musk Lists Five More Homes For Sale, Now Surpassing $135 Million In Asking Prices Elon Musk has listed seven homes in California for sale as part of his goal to "own no homes". Here's what you get with all seven.
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From Its Beginnings To Bankruptcy, A Historical Timeline Of JCPenney A business should not have to be judged by its bankruptcy, especially when that business is JCPenney. Unfortunately the filing wasn't entirely unexpected. This corporate timeline of JCPenney outlines many of the peaks an...
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UFC On ESPN 8: Alistair Overeem Vs. Walt Harris Stats And Video Highlights The main event of last night's UFC on ESPN 8 featured a heavyweight bout between top-10 ranked UFC heavyweights, Alistair Overeem and Walt Harris.
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Can Trump Kick China Companies Off The NYSE, Nasdaq? Trump wants Chinese companies to abide by the 2002 Sarbanes Oxley Act. Why don't they? Brazil and Russia companies do.
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The Coming 'Breaking' Of The China Supply Chain Did you know that 74% of your Vitamin C a 76% of your Vitamin D pills are sourced from China? No, you didn't. But they do!
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How To Make Sure That Employee Analytics And Monitoring Doesn't Destroy Your Employee And Customer Experience The use of employee performance monitoring and analytics software has surged in the last few weeks particularly as companies adjust to remote working practices. Many are getting their implementations wrong and it's havin...
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John Linden, CEO of Mythical Games, told Harold Goldberg at our GamesBeat Summit 2020 event that the Leisure Economy is coming so players can make money.
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How universities can help save the startup model

Venture Beat - 17 May 2020 19:25
Entrepreneurship doesn't have to go on hold during the current pandemic. Universities can offer funding, safety, and flexibility to young innovators.
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Spread The Fed

Forbes - 17 May 2020 18:38
Spread The Fed In the absence of leadership from our central government, our central bank is now stepping up to the plate. Optimization of its new lending facilities, however, will require that it decentralize their administration. We ...
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