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News

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Bankruptcy Is The Only Choice For Many Retailers

Aug 23, 2019 at 18:00

By the end of this year, retail store closures in the U.S. could reach 12,000, and by 2026, UBS forecasts that 75,000 stores will close down

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American Households Are Absorbing The Costs Of The Trade War

Aug 24, 2019 at 18:00

The tit-for-tat with China will end up costing the average American household $580 by next year--and that doesn’t include new tariffs that are set to go into effect in the…

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Security Breach Reveals Crypto Mining In Ukrainian Nuclear Plant

Aug 24, 2019 at 12:00

Ukrainian Security Service operatives discovered engineers using a state-run nuclear power plant’s supercomputer to mine cryptocurrencies

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Jerome Powell's Impossible Challenge

Aug 23, 2019 at 12:00

Jerome Powell is facing a difficult task, with a divided Fed committee and a president who is ramping up the pressure for major action

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Economists Call For Recession In 2021

Aug 22, 2019 at 17:00

Since the beginning of this month, recession concerns have intensified significantly, with the general consensus being that a quick trade deal with China isn’t going to happen

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Hong Kong Residents Are Fleeing To Taiwan At A Record Pace

Aug 20, 2019 at 13:00

The number of people moving to Taiwan from Hong Kong has risen rapidly - it's up 28% over the first seven months of this year compared with the same period…

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Wealth Gap Widens Between Baby Boomers And Millennials

Aug 19, 2019 at 18:00

A new study has found that the wealth gap between baby boomers and millennials has widened considerably compared to the situation 20 years ago

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Alibaba Exec Sets Record With $3.5 Billion Brooklyn Nets Purchase

Aug 17, 2019 at 12:00

Alibaba Executive Chairman Joe Tsai is reportedly planning to pay $3.5 billion to buy out Mikhail Prokhorov's stake in the Brooklyn Nets and the Barclays Center

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Why Wealthy Kids Are Getting Into College For Free

Aug 15, 2019 at 17:31

Investigative journalism outlet ProPublica recently discovered that wealthy families from Chicago suburbs have been exploiting a legal loophole to enable their children to obtain financial aid and scholarships

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American Education Continues To Fall Behind China

Aug 13, 2019 at 17:00

There’s a new educational standard for the future of global economies, and the United States is falling behind