Stocks seesaw as Senate , Oil slump puts pressure on Gulf states’ currency pegs and other Economy news
The economy news of 2020-05-19 on Tamugaia - Stocks seesaw as Senate quizzes economic officials on coronavirus impact, and Oil slump puts pressure on Gulf states’ currency pegs .
Stocks seesaw as Senate quizzes economic officials on coronavirus impact -
Stocks were mixed Tuesday as investors digested gains from the previous day and economic updates from top government officials....
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Oil slump puts pressure on Gulf states’ currency pegs -
Investors are starting to test stability, particularly in the case of the Omani rial...
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Landlords fume as Starbucks, other chains seek extended rent cuts -
A growing number of national restaurant chains are asking for rent reductions, even as businesses start to reopen, and landlords are privately fuming over such requests....
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Nasdaq informs Luckin Coffee it must delist after fraud bombshell -
Nasdaq Inc has delivered a notice to China’s Luckin Coffee Inc informing it that it has to delist from the U.S. stock exchange, people familiar with the matter said on Tuesday....
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Facebook Launches Virtual Shopping Mall, Saying It Will Help Small Businesses -
The social network is positioning its new commerce feature as a way to help small businesses that have been hit hard by the coronavirus pandemic....
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Senators Clash Over How Soon To Reopen The Economy -
Senators squabbled over how quickly the economy can rebound from the coronavirus shutdown, and whether the government is doing enough to support struggling families and businesses....
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Home-Decor Retailer Pier 1 Looks To Close For Good -
Three months after filing for bankruptcy, Pier 1 said it plans to liquidate as soon as it can reopen stores that have been closed because of the coronavirus pandemic....
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