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Business News

Location American Business News for 21 May 2020

A New 40% Rule for Grimmer Times

Wall Street Journal - 21 May 2020 16:05
The 40% rule is a time-tried tactic employed by pundits. If you say there is a 40% chance of something improbable happening and it does, you look great. And if it doesn't, you never said the odds favored it. But in the C...
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Adweek Radio: The Evolution of Cannabis Marketing Cannabis is still not legal on a federal level, but it's been legalized enough on a state level that this year's crop of Democratic presidential candidates added it to their platforms. How, when and where sellers can adv...
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CNBC's Kelly Evans and Diana Olick break down existing home sales dropping to lowest levels in nearly 10 years with Ryan Gorman of Coldwell Banker Real Estate.
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Nissan Motor Co said on Thursday it still reserves the right to take further legal measures in the case of its ousted former Chairman Carlos Ghosn, after the United States arrested two men on charges they enabled his esc...
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7 Facts On Essential Workers Hazard Pay That You Need To Know Now Nearly a week ago, the House passed The Heroes Act which provides $200 billion in hazard pay funding for essential workers, among many other things. Hazard pay questions are now flying in just as they did with the topic ...
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Victoria's Secret To Close 250 U.S. And Canadian Stores As Sales Plummet Due To The Coronavirus Net sales during the first quarter of 2020 decreased 37%.
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President Trump jabbed at his on-again-off-again favorite news network for supposedly not helping his reelection effort in a Thursday afternoon...
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Ryan Prince, CEO of Uncle, says home sales and rentals have been "pretty paralyzed" by the U.K.'s lockdown.
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Oil prices edged higher on Thursday after data showed U.S. crude inventories fell again, easing concern about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains...
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Stocks Look Poised For A Big Move And Bulls Still Have The Edge I've argued since March 25 that investors should be more focused on the resuscitative effects of policy rather than the underlying economic data itself. That's meant: no Depression, higher stock prices, and increased odd...
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AROUND THE world industries have grown more concentrated over the past few decades. In America 20 companies capture roughly a quarter of all corporate profits. If you thought that was sobering news for budding American c...
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S&P Fired Employee Who Discussed Ratings With Senate Staff

Wall Street Journal - 21 May 2020 16:51
A wrongful-termination complaint claims retaliation for discussing a taboo topic. The firm says the employee violated policy.
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America's Most Critical Industry Is Being Eaten Alive Amazon, Salesforce, and Microsoft (MSFT) already dominate the cloud computing market. So, if it's 10X or 20X gains you're after, I suggest focusing on the next evolution in computing.
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ICICI Bank's special fixed deposit scheme is available on new FDs and renewal of FDs.It offers 80 basis points (bps) more than what is applicable to general public for the same deposit amount and tenor
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Kroger markets to stop extra pay to crisis workers

New York Post - 21 May 2020 03:40
Kroger markets to stop extra pay to crisis workers Supermarket employees forced to work through the pandemic are now facing threats to their "hero pay" even as ornery customers refuse to wear masks while they shop. Employee frustrations could soon reach a boiling point a...
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Otting's legacy at OCC? It's complicated

American Banker - 21 May 2020 02:44
The comptroller of the currency, expected to step down Thursday after two and a half years on the job, ruffled feathers and won some fans in pushing through CRA reform, cutting costs and trying to reshape the agency's ex...
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Airline Lufthansa said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros ($9.9 billion), including the state taking a 20% stake in...
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Senate Bill Could Force Chinese Companies to Drop U.S. Listings

Wall Street Journal - 21 May 2020 01:48
Senate Bill Could Force Chinese Companies to Drop U.S. Listings Chinese companies could be forced to give up their listings on American stock exchanges under legislation approved unanimously by the Senate, aimed at addressing longstanding investor-protection concerns.
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Community groups plan to sue OCC over CRA rule

American Banker - 21 May 2020 23:38
The National Community Reinvestment Coalition, California Reinvestment Coalition and Democracy Forward accuse the agency of "unlawfully gutting" the historic anti-redlining law.
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Oil Rally Continues With Supply Cuts Boosting Sentiment

Wall Street Journal - 21 May 2020 16:13
Oil prices climbed, advancing for the sixth consecutive session with producers curtailing output in response to ultralow crude prices and the coronavirus crisis.
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Evervault raised $16 million to develop technology the Dublin-based company claims will reset the conversation between privacy and regulation.
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Zack Snyder's 'Justice League' Cut On HBO Max Is Not 'Bad Precedent' After years of fans attempting to manifest it into existence, it was revealed that yes, the infamous Snyder Cut of Justice League will indeed be a real thing that is released next year on HBO Max.
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