Category Archives: Business

McDonald’s to close 200 U.S. restaurants. Here’s where some of the closures are expected 

McDonald’s is permanently closing 200 of its 14,000 U.S. locations this year with restaurants in Walmart stores making up over half of the closures.

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Apple, with a bet on streaming, gets a shock from the Emmys. Disney gets a boost. 

Apple had spent $150 million to produce “The Morning Show,” which was thought to be a lock for outstanding drama. But Baby Yoda prevailed, underscoring how streaming has upended the old rules of television and its line between prestige and commercial entities.

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‘Big companies aren’t bad’: Zuckerberg and other tech CEOs to testify in historic antitrust hearing 

Chief executives of Amazon, Google and Apple will also testify as part of a high-powered investigation of the tech industry“Companies aren’t bad just because they are big,” Facebook executive Mark Zuckerberg is set to tell Congress on Wednesday, as the world’s most powerful technology companies face a historic investigation into their size and power.Zuckerbe […]

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Coronavirus child-care crisis will set women back a generation 

The child-care crisis resulting from coronavirus pandemic could have long-lasting consequences for women.

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Blue Apron turns profit as more Americans cook at home during coronavirus pandemic 

Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.

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Man admits to securities scheme that netted more than $17M 

A New Jersey-based securities trader admitted Tuesday to orchestrating a massive, long-running market manipulation scheme and tax fraud that netted more than $17 million in illegal profits, federal prosecutors said.

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Allowing asylum seekers to work could raise £100m in tax revenues, report finds 

If people seeking asylum had the right to work six months after making their initial claim it would lead to increased income tax and National Insurance as well as fewer support payments, research suggests

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Holocaust survivors urge Facebook to remove denial posts 

Holocaust survivors are lending their voices to a campaign targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site

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In Search Of The Next 1000: The Entrepreneurs Creating Their Own American Dreams 

Forbes launches our next big franchise to spotlight and accelerate self-funded, self-driven overachievers, providing a platform for under-represented communities.

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Here’s how investing with a conscience can reap rewards 

Superior returns are being enjoyed by investors who back ethical funds, according to new data from Moneyfarm. We take a look at how to back the good guys without sacrificing a decent return.

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Deutsche Bank reports 2nd-quarter profit despite loan losses 

Deutsche Bank made a net profit in the second quarter despite losing more money on loans that aren’t being repaid by businesses hit by the shutdowns and restrictions that came with the virus outbreak

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Bezos, Cook, Zuckerberg and Pichai Face Lawmakers’ Antitrust Concerns 

Top executives of Amazon, Apple, Facebook and Google will appear at a House antitrust hearing on Wednesday. They’re expected to face questions about whether their companies have become too powerful and dominant. WSJ’s Jason Bellini reports. Photo composite: Sharon Shi

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Twitter limits Donald Trump Jr.’s account and deletes his tweet featuring a ‘misleading and potentially harmful’ hydroxychloroquine video with a fringe Houston doctor 

REUTERS/Carlos Barria Twitter has temporarily limited Donald Trump Jr.’s account after posting a hydroxychloroquine video Monday. The company said the president’s oldest son violated its policy on “spreading misleading or potentially harmful information related to COVID-19.” Under the sanction, Trump Jr.’s account would still be visi […]

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CES, the biggest tech show of the year, will be canceled in 2021 and held digitally 

Alex Wong/Getty Images CES, the largest tech conference of the year, will be canceled in 2021 and not held in its usual Las Vegas, the Consumer Technology Association announced on Tuesday, citing the coronavirus pandemic. Instead, the event will be held digitally. “With the growing global health concerns about the spread of COVID-19, it is not possible […]

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Stocks stumble as political quagmire stalls coronavirus relief 

Coronavirus relief negotiations with House Democrats, who passed a larger relief bill months earlier and criticized the GOP plan as insufficient, are ongoing.

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