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Business News

Location American Business News for 14 August 2020

Homeschooling with Aunt Lil in the Summer of '68

The New Yorker - 14 Aug 2020 12:00
Homeschooling with Aunt Lil in the Summer of '68 Charles Busch writes on his experiences growing up in the sixties, specifically his summer being homeschooled by his aunt Lil, in New York City, in 1968.
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Attorney Ordered to Pay $5.2M for Releasing Bitcoin Funds From Escrow A NYC attorney has been ordered to pay a crypto investment firm more than $5M after prematurely releasing most of its funds set aside to buy Bitcoin.
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Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says Paul Morigi / Stringer / Getty Images Warren Buffett may have sold some, or all, of his $5 billion worth of JPMorgan shares last quarter. "Looks like JPMorgan is likely gone, or sold way down," tweeted Chris Bloomstran, ...
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Rocket Companies surges 9% after reporting eye-popping growth in preliminary earnings (RKT) Getty Images / Bryan R. Smith Shares of recently IPO'd Rocket Companies surged as much as 9% on Friday after the company reported strong preliminary second quarter earnings results. The mortgage loan company likely benef...
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The suits come in response to Apple and Google blocking the game after Epic introduced a direct payment system for its users, effectively shutting out the tech titans from collecting fees.
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Private Equity Firms Plan To Tackle Racism In Italian Soccer While Boosting Its Revenue Wall Street investors are circling for a stake in the Serie A TV division but before cashing in the broadcasting rights profit they need to tackle the elephant in the room: racism.
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Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.
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For Consumer Spending, This May Be as Good as It Gets

Wall Street Journal - 14 Aug 2020 18:04
The harrowing decline and heartening rebound in consumer spending is over. Now comes the hard slog.
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CB Financial hires outsider as next CEO

American Banker - 14 Aug 2020 16:17
The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31.
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10 startups that could be the next healthcare M&A targets

Business Insider - 14 Aug 2020 15:58
10 startups that could be the next healthcare M&A targets Steve Parsons-WPA Pool/Getty Images Hello, Welcome to Dispensed, Business Insider's weekly healthcare newsletter. I'm back and feeling recharged after a week of exploring western New York (in a pandemic-compliant way).Se...
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Former Hertz CEO Charged With Aiding And Abetting Accounting Fraud Mark Frissora has agreed to settle the charges and repay Hertz nearly $2 million in incentive-based compensation.
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Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe.
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Battle for a living wage

CBSNews - 14 Aug 2020 02:53
It's no longer teens who dominate minimum wage jobs, but adults - many of them with children. It's become increasingly clear that the minimum wage is far from a living wage in today's economy. Erin Moriarty of "48 Hours"...
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Surface Duo, Microsoft's dual-screen Android phone, is dead on arrival. But that's not because of the price: 128GB for $1,400 and 256GB for $1,500.
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Trump Says He's Ready To Send Out $1,200 Stimulus Checks, Again Blames Democrats For The Delay The Republican-led Senate, which must sign off on any new round of checks, has gone home for the month.
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Amazingly realistic Facebook ads slamming the company from a 'provocative' street artist are blanketing NYC streets (FB) Provided by Anonymous Several posters popped up Thursday across New York City that, at first glance, appear to be advertisements from Facebook. However, the ads are fake and actually criticize the company. The art is by ...
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Digging into pesticides, land use, and carbon footprint
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Morgan Stanley upgrades Tesla stock and boosts price target on high hopes for battery business Reuters Morgan Stanley analyst Adam Jonas upgraded Tesla shares to "equal-weight" from "underweight" late Thursday, citing a bullish outlook for the company's third-party battery sales. The bank also lifted its price tar...
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The productivity of U.S. workers rose at a 7.3% annual rate in the second quarter, the Labor Department said Friday.
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Without Apparent Progress On Stimulus Talks, Stocks Take A Breather Amid Summer Vacations Markets seem to be in a holding pattern, with the S&P 500 on the cusp of its all-time high. Retails sales rose, but a bunch of retailers are set to report earnings
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Challenger bank Holvi exits the UK market just months after entering This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Bank...
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After A 3x Increase This Year, Could Etsy Stock Rise Further? After rising by close to 3x this year, we believe Etsy has little upside left in the near-term. Etsy stock is up from around $45 in early January to the current price of around $122 per share, better than the S&P 500 whi...
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