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China's proposed digital currency more about policing than progress SHANGHAI (Reuters) - As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijing's desire to have fail-safe control over its cash economy.
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Pleas for Warren Buffett to buy PG&E point to the big risks in the Berkshire cash puzzle Earlier this week California Governor Gavin Newsom pulled the utility sector equivalent of Financial Crisis bailout pleas: with wildfire-bankrupted PG&E facing widespread outrage for its power shutdowns in the face of another fire season in California, ...
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'Nervous and scared.' Coal workers fear for pensions after Murray Energy bankruptcy New York (CNN Business) Tom Kacsmar worked underground at a coal mine for nearly four decades. The promise of a decent pension and healthcare for life kept him at this dangerous job. Now, Kacsmar fears those benefits will get washed away by the ...
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DealBook: WeWork's Founder Allegedly Called Maternity Leave 'Vacation' Good morning. This year's DealBook Summit will feature speakers including Bill Gates, Hillary Clinton, Reed Hastings of Netflix, and David Marcus, the head of Facebook's Libra project. Apply to attend here. (Was this email forwarded to you? Sign up here.) ...
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Danske Bank tempers full-year profit expectations, unveils plan to control costs COPENHAGEN (Reuters) - Danske Bank (DANSKE.CO) shares fell more than 4% on Friday after the troubled lender said its annual profit would come in at the low end of forecasts, and unveiled plans to get costs and compliance under control by 2023.
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Big automakers take risks in siding with Trump administration against California The decision this week by several major automakers — including General Motors, Toyota and Fiat Chrysler — to back the Trump administration in a high-stakes legal fight with California over fuel-efficiency standards has fractured an industry that has long ...
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Uber, After Going Public, Fights to Get Its Edge Back SAN FRANCISCO — A few days after Uber went public in May and its stock fell into a tailspin, the ride-hailing company's chief executive, Dara Khosrowshahi, sent a rallying message to employees. "There is one simple way for us to succeed — focus on the ...
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National Sandwich Day: Where to score free subs and meal deals Sunday The spotlight for National Sandwich Day 2019 has been focused on chicken sandwiches and the continuing Chicken Sandwich War saga. This year, the made-up food holiday held annually on Nov. 3 falls on a Sunday, which will be the day Popeyes' sold out ...
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The Fed's View on Inflation Is Quietly Shifting. Here's Why. WASHINGTON — In the summer of 1999, the Federal Reserve chair, Alan Greenspan, had a strange conundrum on his hands. Unemployment was low and companies were profitable. International risks that had prompted the central bank to cut interest rates ...
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Here's What Amazon's Reported New Grocery Store Of The Future Could Look Like At the beginning of October, the Wall Street Journal reported that Amazon plans to deploy a new grocery store concept in Los Angeles, Chicago, and Philadelphia, with the first stores possibly even opening in Los Angeles by the end of this year. The details ...
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