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Business News

Location American Business News for 20 May 2021
Velveteen Dream Released By WWE Amid NXT Cuts WWE has added Velveteen Dream to the list of names released in NXT.
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Why do wisdom teeth suck?

Business Insider - 20 May 2021 16:30
Why do wisdom teeth suck? Wisdom teeth can cause infections and rack up dental costs. For our ancestors, however, wisdom teeth were much more useful than they are today.
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Saudi Arabia's $400 billion wealth fund doubled down on its stakes in US video-game makers and dumped a major oil position in Q1 The fund is chaired by Crown Prince Mohammed bin Salman, who's said to have a keen interest in video games - especially "Call of Duty."
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How Thuma Made Boring Bed Frames Dreamy Again San Francisco-based Thuma is disrupting an otherwise tired bedding industry.
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Co-Founder Harris Stepping Down From Apollo Global After Reportedly Failing To Get CEO Position Leon Black stepped down as CEO and Chairman earlier this year in the wake of his controversial ties to sex offender Jeffrey Epstein.
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PancakeBunny tanks 96% following $200M flash loan exploit PancakeBunny is the latest Binance Smart Chain-native DeFi protocol to suffer a vicious exploit, with more than $200 million being drained from the platform.
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Shares of ticket seller Trainline fell as much as 33% on Thursday, after the U.K. outlined a railroad infrastructure plan that would include operating a rival ticketing app.
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"We are also seeing similar component shortage supply issues as our peers," said Cisco CEO Chuck Robbins about the dearth of computer chips worldwide.
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Monsta X Occupies Almost 25% Of All The Spaces On This Week's World Songs Chart Monsta X almost claims 25% of the entire World Digital Song Sales chart for themselves this week.
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Macy's and Victoria's Secret owner are abandoning the dying American mall in a bid to boost sales Both retailers are closing unprofitable mall-based stores and focusing on news locations.
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Jam City has filed to go public through a SPAC, and it is some of the money raised to buy mobile game publisher Ludia for $175 million.
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: CEO of TikTok parent ByteDance to step down

Market Watch - 20 May 2021 05:00
Zhang Yiming, co-founder of TikTok parent ByteDance, will step down as CEO by the end of the year, the Chinese company said Thursday.
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Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TV...
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Salesforce chatbot expert Greg Bennett sees a pathway to widespread adoption of chatbots, once challenges are addressed.
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The 444,000 new unemployment filings last week came in below the consensus economist estimate.
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U.S. stock-index futures trim or erase losses after data shows a further fall in first-time claims for jobless benefits, but the Dow Jones Industrial Average and S&P 500 remain on track for a fourth straight decline.
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Oat milk, once a niche product, is going big: Oatly to raise $1.4 billion in IPO Oatly, the world's largest oat milk company, will raise $1.4 billion in an initial public offering. Among early investors: Oprah Winfrey, Natalie Portman and former Starbucks CEO Howard Schultz.
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It's too expensive for builders to solve the housing shortage Just when the US needs the pace of homebuilding to pick up, builders' new starts dropped in April. Lumber and land and workers are just too expensive.
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The Philadelphia Federal Reserve said Thursday its gauge of business activity in its region fell to 31.5 in May from a near 50-year high of 50.2 in the prior month.
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Two new ETFs will be purely exposed to post-SPAC public companies - and one of them is going short "You can decide how you want to play it, from the long side or the short side," said the CEO of Tuttle Capital Management.
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Dogecoin jumps 15% after another cryptic tweet from Elon Musk referencing the ever-volatile cryptocurrency "How much is that Doge in the window?" the Tesla chief tweeted. The spike was short-lived but reinforced yet again the volatility of the token.
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JPMorgan is trying to disrupt healthcare - again

Business Insider - 20 May 2021 15:05
JPMorgan is trying to disrupt healthcare - again These are Insider's biggest healthcare stories for May 20.
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