A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images Dow Jones Industrial Average drops 632 points Tech sell-off continues Shares of Facebook and Amazon dropped more than 4% each. Apple and Microsoft lost 6% and 5%, respectively.  Tesla plunged
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At $25 per pound, macadamia nuts are the world’s most expensive nuts.The nuts keep breaking price records every year. Macadamia trees take 7 to 10 years to begin producing nuts, and the nuts can only be harvested a few times a year. Although the demand for the nuts has largely outpaced the supply, exporters worry
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FT economics commentator Martin Sandbu analyses the emergency fiscal and monetary measures being taken to deal with the global financial and economic fallout from coronavirus. #covid #pandemic #globalfinance #coronavirus #covid19 #financialtimes #markets #economics See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our
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If one part of success in Silicon Valley is dependent on your ability to stay up all night and code, the other part depends on your ability to think outside the box. Some in the Valley are trying to force creativity by taking LSD.
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The coronavirus pandemic has upended the retail industry and pushed dozens of companies into bankruptcy.  But there are still pockets of growth, with a number of retailers looking to open additional stores.  Altogether, as of Friday, retailers have announced 7,707 store closures and 3,344 store openings so far this year, according to a tracking by
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A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images Increased foreign investment into Chinese markets could boost the usage of the yuan, pushing it to become the third largest reserve currency in
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John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,
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Ariel Skelley | DigitalVision | Getty Images Saving for retirement could look very different during the pandemic. Especially vulnerable are independent business owners and the self-employed, who in the best of times are on the hook for not only funding their own future retirement but daily income, as well. Even before the pandemic, just 13% of those
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Singapore’s Changi Airport just opened ‘Jewel,’ a $1.3 billion mall boasting the world’s tallest indoor waterfall, an IMAX movie theatre, and a hotel. MORE TRAVEL CONTENT: Inside America’s First Private Terminal For Millionaires 9 Of The Most Exclusive Spots In Disney Parks Why Amtrak Is So Expensive | So Expensive —————————————————— #Singapore #Airport #BusinessInsider Business
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Oil prices had one of their biggest ever falls after the effective collapse of an agreement between Saudi Arabia-led Opec and Russia. The agreement was designed to support the market against the impact of coronavirus. Senior energy correspondent Anjli Raval explains. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start
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Chipotle was founded in Denver in 1993 and grew to be one of the most successful fast-food companies ever. This video explains how Chipotle founder Steve Ells turned his love of burritos into a chain of about 500 restaurants over the past twenty years. Like this video? Subscribe to Bloomberg Business on YouTube: http://www.youtube.com/Bloomberg
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CNN’s Jon Sarlin explores the different ways that Facebook has kept competitors at bay — and why that could now spell trouble. Produced by Jon Sarlin #CNN #Business #Facebook CNN Business brings you the latest news about the companies, personalities, and innovations that are driving business forward. Interested in more of CNN Business? Subscribe to
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Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in
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Jamie Dimon, chairman and CEO of JPMorgan Chase, manages over 250,000 employees globally – and when looking to hire new people or promote within, he looks for key “leadership” characteristics.   “Management, in an important way, is facts, analysis, details, follow-up [and] discipline. And it is hard. You have to do it all the time – [managing] sales, balance
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