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The Rich Cut Their Spending. That Has Hurt All the Workers Who Count on It. In the Manhattan restaurants around Lincoln Center, the tips often rose and fell with the changing playbill. A popular classic musical could mean more preshow diners, and more income. A more famous actress as Eliza Doolittle could do the same. The end of ...
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US shale companies to boost oil output by 500000 bpd by month-end NEW YORK/HOUSTON (Reuters) - U.S. shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts, amounting to a quarter of what they shut since the ...
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Apple doubles down on its right to profit from other businesses Apple this week is getting publicly dragged for digging in its heels over its right to take a cut of subscription-based transactions that flow through its App Store. Almost unbelievably, it's doing so so in the middle of antitrust investigations both in the E.U. and the ...
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Powell Says Economic Gains Are at Risk if Stimulus Measures End Prematurely Federal Reserve Chairman Jerome Powell said recent economic improvement could be jeopardized if Congress curtailed support to workers displaced and businesses shuttered by the coronavirus pandemic. Despite a gain in payrolls last month, Mr. Powell ...
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Use These ETFs To Livestream eConnectivity Into Your Portfolio I just discovered a tool for assessing the ubiquitousness of a new social-cultural trend: Spellcheck! I noticed, as I experimented with various titles to this post, that spellcheck did not cue an error for eConnectivity. I knew about eSports and eBooks, but wasn't ...
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OPEC Sticks to Global Oil-Demand Forecast Despite Signs of Rebound The global oil market is slowly starting to rebalance thanks to production cuts and relaxing coronavirus lockdowns, but the industry is still swimming in excess supply, the Organization of the Petroleum Exporting Countries said Wednesday. In its widely ...
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As the ECB ponders purchases, bond angels aren't falling FRANKFURT (Reuters) - An expected wave of credit rating cuts for companies as a result of the coronavirus crisis has yet to materialise, data shows, meaning speculation that the European Central Bank will buy bonds of "fallen angels" downgraded to junk ...
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Target to Raise Minimum Wage: Live Business Updates Target said on Wednesday that it would raise its hourly minimum wage for workers by $2 to $15 starting July 5. It will also offer a one-time "recognition bonus" of $200 to hourly employees in its stores and distribution centers at the end of July. Target, which ...
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Justice Department wants to upend Silicon Valley's legal shield (CNN Business) The Justice Department on Wednesday proposed a sweeping set of policy recommendations seeking to curtail legal protections of Facebook, Google and other major tech platforms, marking the latest move in Washington's escalating ...
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Google turns attention to small businesses as US economy reopens its doors Google today released a collection of new ad products aimed at attracting more small businesses to its platform. The news arrives as much of the U.S. economy begins to reopen its doors. The company typically holds its Google Marketing Live conference ...
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