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Stock market live updates: Dow jumps 200, now up 12% on week, Fed's $2.3 trillion backstop Stocks rallied again on Thursday, the last trading day of the week due to the Good Friday holiday. The latest upswing came after the Federal Reserve announced a $2.3 trillion effort to boost local governments and small and mid-sized businesses in its latest ...
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Exclusive: US banks prepare to seize energy assets as shale boom goes bust NEW YORK (Reuters) - Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.
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Coronavirus Is Threatening One of Government's Most Ubiquitous Services: The Mail. WASHINGTON — The coronavirus pandemic is ravaging the United States Postal Service, with mail volume down by nearly a third already compared to same time last year and dropping quickly, as businesses drastically cut back on solicitations, ...
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Coronavirus Is Threatening One of Government's Steadiest Services: The Mail WASHINGTON — Ravaged by the impact of the coronavirus pandemic, the United States Postal Service appealed to lawmakers on Thursday for an $89 billion lifeline, telling them that it could run out of cash by the end of September if Congress fails to act.
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Why Luckin Coffee Stock Dropped In this episode of Market Foolery, Chris Hill and Motley Fool contributor Dan Kline look at some headlines from Wall Street, including a closer examination of unemployment numbers and why Luckin Coffee (NASDAQ:LK) stock dropped. A prominent cruise ...
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The pandemic is playing to almost every one of Amazon's strengths (CNN Business) As the coronavirus pandemic has forced people to stay inside, few companies have proven themselves as essential as Amazon. From groceries to cleaning supplies, shipments from Amazon (AMZN) have become lifelines for many who are ...
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Saudi, Russia to lead oil output talks as US resists cut DUBAI/MOSCOW/LONDON (Reuters) - OPEC and other oil producers led by Russia will discuss their largest ever output cut on Thursday in talks complicated by recent animosity and U.S. resistance to mandating cuts. FILE PHOTO: The sun sets behind a ...
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Fed, BoE push deeper into uncharted territory in face of coronavirus slump WASHINGTON/LONDON (Reuters) - The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk ...
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2 Stocks That Are Absurdly Cheap Right Now If you've got cash to spare, here are two high-quality companies that are trading at bargain levels. John Ballard. (TMFRazorback). Apr 9, 2020 at 7:40AM. Author Bio. John covers consumer goods and technology companies for Fool.com. "The best thing that ...
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Poultry Worker's Death Highlights Spread of Coronavirus in Meat Plants Annie Grant, 55, had been feverish for two nights. Worried about the coronavirus outbreak, her adult children had begged her to stay home rather than return to the frigid poultry plant in Georgia where she had been on the packing line for nearly 15 years.
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