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Business News

Location American Business News for 2 September 2022
Former Bears coach Matt Nagy, who bought a Kansas home in April, sells Lake Bluff house for $4.5M Former Chicago Bears head coach Matt Nagy and his wife, Stacey, sold their six-bedroom, 6,255-square-foot house in Lake Bluff for $4.45 million.
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Starbucks Names Reckitt's Chief as Its New CEO

Wall Street Journal - 2 Sep 2022 03:39
Starbucks Names Reckitt's Chief as Its New CEO The coffee giant's hiring of Laxman Narasimhan comes months after former head Howard Schultz temporarily took over to steer the chain through rising costs, a unionization push and challenges overseas.
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If You Want This Job, We Must Interview You Forever

The New Yorker - 2 Sep 2022 14:00
If You Want This Job, We Must Interview You Forever We loved your role-play with Benjamin Franklin! We want to hire you, probably.
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DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud -- Seeks $100 Million The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspi...
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Price Cap on Russian Oil Wins Backing of G7 Ministers

The New York Times - 2 Sep 2022 16:56
Price Cap on Russian Oil Wins Backing of G7 Ministers The proposal aims to stabilize unsettled energy markets in the wake of Russia's invasion of Ukraine. But it faces considerable obstacles.
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U.S. Added 315,000 Jobs in August

Wall Street Journal - 2 Sep 2022 16:53
U.S. Added 315,000 Jobs in August U.S. employers added jobs in August at a slower but still solid pace in a tight labor market. The jobless rate rose to 3.7%.
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Credit Suisse weighs up 5,000 job cuts as part of restructuring plan Proposals involve scaling back the investment bank and reducing more than $1bn in costs Credit Suisse is considering 5,000 job cuts as part of a broader restructuring plan meant to solidify the bank's pivot towards wealt...
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LBank Exchange Will List Town Star (TOWN) on September 2, 2022 PRESS RELEASE. INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, will list TownCoin (TOWN) on September 2, 2022. For all users of LBank Exchange, the TOWN/USDT trading pair will be officia...
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Lower-income and minority households would be more likely to have their debt forgiven entirely under the Biden plan, the JPMorgan Chase Institute found.
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CEL climbs 50% as Celsius Network aims to return $50M to clients The CEL price rally could fizzle out due to prevailing Celsius issues, including its bankruptcy.
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Bitcoin squeeze to $23K still open as crypto market cap holds key support A matter of a few hundred dollars could separate BTC price action from a "short squeeze," one trader believes.
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Vitalik Buterin Says His Influence Over Ethereum Decreases as Network Nears the Merge With Ethereum (ETH) advancing toward the Merge, the blockchain's co-founder Vitalik Buterin reiterates that his influence over the network has been decreasing over the past two years, as many new developers are taking ov...
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Zahawi prepares multibillion-pound tax cuts for businesses weathering energy crisis The chancellor is preparing a multibillion-pound package of tax cuts to help businesses struggling with soaring energy costs.
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Global bonds have tumbled into their first bear market in more than 30 years The 40-year bull market in bonds is well and truly over, as soaring inflation forces central banks to aggressively hike interest rates.
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This Retail Stock Is A Better Buying Opportunity Than Costco Costco's current price-to-EBIT ratio of 29x is higher than levels of 20x for Five Below.
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2
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The British Chambers of Commerce calls for Covid-style support to be provided to businesses.
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Park home residents, tenants and others will receive cost of living payments but uncertainty remains.
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Amazon's bid to scrap historic union win at NYC warehouse blocked The 24-day long hearing, which Amazon had unsuccessfully sought to close to the public, was marked by tense exchanges between attorneys for both sides.
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NPR's Nina Totenberg discussed her friendship with late Supreme Court Justice Ruth Bader Ginsberg this week for her memoir, "Dinners with Ruth."
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Money does not go as far for home size at any price point nowadays, according to Zillow. The $1 million price threshold in particular is losing its cachet.
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The average home sold for less than its list price for the first time in over 17 months during the four-week period ended Aug. 28, according to Redfin.
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China's real estate problems could significantly drag down the economy and stocks if authorities don't provide enough support, Morgan Stanley analysts said.
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