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Business News

Location American Business News for 5 June 2022
Rafael Nadal Wins 14th French Open, 22nd Major Championship To Extend Lead Over Rivals Federer, Djokovic Rafael Nadal captured his 14th French Open and record-extending 22nd major championship with a straight-sets victory over 23-year-old Casper Ruud of Norway. He became the oldest man ever to win the French Open
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After emailing employees about job cuts at Tesla, Elon Musk says the total headcount at the company will increase The Tesla CEO sent emails to employees this week saying he had a "super bad feeling" about the economy and needed to "pause hiring worldwide."
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From Speculation To Fake Swords, Cryptocurrency Struggles For Use Case Beyond Bitcoin, the use case for most cryptos has been stuck in single blockchain ecosystems. That's not stopping crypto startups from trying to create a new currency.
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Before the longtime Goldman Sachs worker was fatally shot by a stranger in an unprovoked attack, he spent decades diving into city life, both in Brooklyn and on Wall Street.
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Avalanche Co-Founder Emin Gün Sirer Discusses Macro Conditions and AVAX Sliding in Value The price of Avalanche has slid significantly since the crypto asset’s all-time high as the token has dropped 83% in value since then. In a recent interview published on May 31, Avalanche co-founder, Emin Gün Sirer, d...
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Which Stocks Do Best During High Inflation?

Wall Street Journal - 5 Jun 2022 16:00
A look at past inflationary periods offers clues on where to invest.
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Macy's, Gap and Other Clothing Stores Are Stuck With the Wrong Stuff Shoppers shifted spending away from casual clothes and home items that had been in demand during the height of the pandemic, catching some retailers off guard and leaving them with excess goods that need to be marked dow...
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Dollar's Climb Stalls Amid Mixed Economic Signals

Wall Street Journal - 5 Jun 2022 13:30
Behind the recent slip in the U.S. currency is a subtle shift in the economic landscape.
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Yellen Says She Never Urged Smaller Rescue Package Over Inflation Concerns Treasury Secretary Janet Yellen denied that she had tried to cut the size of the $1.9 trillion relief plan Democrats approved in 2021.
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Why NATO needs to admit not only Finland but also Google If you want world peace, think less England, France, and Germany, and more Google, Apple, and PayPal. A popular joke circulating online among Russian dissidents goes something like this: A Moscovite wife asks her husband...
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Is 'Travel Now, Pay Later' a good option for your vacation? Vacation Now, Pay Later service gives digital credit that is disbursed by the partner bank or non-banking finance company (NBFC) of the travel aggregator
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How to safeguard your bank account against frauds? SBI tells one crucial tip SBI directs its customers to never disclose via text message any personal information, including account numbers, passwords, or any combination of sensitive information that could be used fraudulently.
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Starbucks partners Imagine Meats to sell vegan products Under the partnership, Starbucks will sell vegan sausage croissant rolls, vegan hummus kebab wraps and vegan croissant buns in Mumbai, Delhi, Hyderabad, Bangalore, Gurugram, Jaipur, Goa, Kolkata, Noida and Pune
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Workers want raises. Shippers want robots. The supply chain hinges on reaching a deal The ILWU, the union representing dockworkers across the West Coast, is at the bargaining table with the PMA, the group representing shipping companies. The current contract expires on July 1.
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As stocks tank and layoffs take hold, tech titans are in trouble In Insider Weekly: Why tech titans are in big trouble, inside JPMorgan's employee data-collection apparatus, and diving into Blind network.
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Consumers Pay The Price As Biden's War On Oil And Gas Expands Seemingly determined to repeat every energy policy error of the last half century, Joe Biden's war on the domestic oil and gas industry gained new steam last week even as gasoline prices rose to new record highs.
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Crypto Firms Flock to Dubai for Regulatory Clarity as UAE Cleans Its 'Grey' Reputation If you're in the crypto industry, it seems that Dubai is the place to be right now. Not only is the most populated city in the UAE and one of the world's biggest tourist hotspots, but it has recently seen an influx of cr...
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'Rich Dad Poor Dad' author Robert Kiyosaki expects a brutal market crash, and advises buying silver, bitcoin, and even toilet paper. Here are 10 of his best tweets this year. The personal-finance guru has raised the prospect of hyperinflation and an economic depression, and trumpeted the next crash as a buying opportunity.
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The case for the US avoiding a recession is still alive and well The May jobs report shows businesses still hiring, but not at a wild pace. It's "probably about the best" the Fed could hope for, an economist said.
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How Wayne Wang Faces Failure

The New Yorker - 5 Jun 2022 14:00
How Wayne Wang Faces Failure The filmmaker discusses his political and artistic education, the contradictions of being Asian in America, and the importance of "unlearning everything."
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In Older Americans, Rising Debt May Adversely Affect Health

The New York Times - 5 Jun 2022 13:00
Research shows that debt has risen among older people, and those who owe are more likely to have multiple diagnosed illnesses.
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A free school lunch program passed in March 2020 has not been renewed by Congress and will expire June 30, straining families already facing inflation concerns.
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