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Markets / Economy

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Black Friday Could Be Retailers’ Only Hope

Nov 11, 2020 at 18:00

Get ready for Black Friday--even if it’s going to be unlike any other Black Friday that’s come before it.

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Aramco Dividend Won’t Cover Saudi Budget Gap

Oct 10, 2020 at 12:00

The massive US$75-billion annual dividend of Saudi Aramco cannot fund the widening budget gap of Saudi Arabia if oil prices remain low beyond 2021

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Credit Card Debt Plummets Amid COVID

Oct 09, 2020 at 17:00

According to the newest Federal Reserve figures, consumer borrowing unexpectedly fell in August as credit card balances declined for a sixth consecutive month.

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Biden Plan Targets “Wealthy” Taxpayers

Oct 08, 2020 at 18:00

Biden’s tax plan, just announced, proposes the 12.4% Social Security tax to kick back in for incomes above $400,000

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Jobs Report Paints Dire Picture of US Economy

Oct 06, 2020 at 18:00

As health experts warn about a looming, and perhaps imminent, third wave of the pandemic, data shows that the U.S. continues to pile on unemployment claims

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13-Minute COVID Tests Could Get Life Back To Normal

Oct 01, 2020 at 17:00

The United States, Canada and Europe have all unlocked the doors of rapid COVID testing amid a surge in cases.

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How COVID-19 Is Transforming The World's Sovereign Wealth Funds

Sep 12, 2020 at 18:00

The role that many sovereign wealth funds (SWFs) play in national economic policy has changed dramatically as a result of the pandemic, giving rise to questions about their future.

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Today’s Young Adults Aren’t Leaving the Nest

Sep 10, 2020 at 11:00

The pandemic has given greater impetus to the phenomenon of young adults living with their parents, even post-college, and for once, it doesn’t necessarily mean you’re a creep.

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Permanent Layoffs Are On The Rise

Aug 21, 2020 at 17:00

One executive told CNBC they are looking to reduce travel expenses permanently. “We just don’t need to necessarily make the trips that we’ve historically made.”

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Bankruptcies Loom As Fed Spells Out Economic Gloom

Aug 20, 2020 at 18:00

Experts are warning that the growing momentum of Covid-19 bankruptcies will make 2008 appear tame in comparison.

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