Auto Workers Nervously Punch the Clock After Two-Month Hiatus

At Fiat Chrysler Automobiles NV’s pickup plant north of Detroit, 1,200 workers weaved through chain-linked orange traffic tubes starting at 4 a.m. Monday, many of them anxious to do what they hadn’t in two months: punch in for their shift. The automaker and its peers General Motors Co. and Ford Motor Co. resumed U.S. production after weeks of careful planning […]

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China Inflation Slows To 7-Month Low; Producer Prices Fall At Faster Pace

China’s consumer price inflation eased to a seven-month low in April and producer prices declined further reflecting weak domestic demand despite subsiding coronavirus pandemic, official data revealed Tuesday. Consumer price inflation slowed notably to 3.3 percent in April from 4.3 percent in March, according to data published by the National Bureau of Statistics. This was the weakest since October 2019 […]

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Cryptocurrency Bitcoin Halving Again

The world’s most popular cryptocurrency Bitcoin (BTC) is set to halve again for a third time. This means the reward given to Bitcoin miners for processing transactions is being cut by 50 percent. This also means that the rate at which new Bitcoins enter circulations are halved. Bitcoin has generally ended with higher prices after the completion of halving, as […]

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Virus cuts off lifeline for many of the world's poorest

Hong Kong (CNN Business)For more than four years, Saiful Islam sent about half of the money he made as a construction worker in Bahrain back to his aging parents in Bangladesh. When the 25-year-old lost his job due to the coronavirus pandemic earlier this year, that lifeline for his loved ones was abruptly cut off. “Now that I can’t send […]

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Covid-19 Could Mean the End of Small Charities

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Non-profit groups in the U.S. and other countries could shutter operations entirely as a result of the coronavirus, even as billions of dollars are donated to pandemic-relief efforts. Many local non-profits that count on […]

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UK’s 7,000 gyms prepare for post-lockdown health warning

Every day during the coronavirus lockdown, the government has hammered home the need for the public to take daily exercise. The irony is that the UK’s more than 7,000 gyms and leisure centres are shut, leaving the population to improvise with Joe Wicks on YouTube and cobbled-together workouts in the park. More than 10m memberships were effectively put on ice […]

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Reopening Hollywood: Will Prohibitive Insurance Hobble Production Restart & Will Government Have To Step In?

Editors’ Note: Deadline’s latest series, Reopening Hollywood, focuses on the incredibly complicated effort to get the industry back on its feet while ensuring the safety of everyone involved. Our goal is to examine numerous sides of the business and provide a forum for leaders in Hollywood to discuss pressing issues around restarting production in the era of coronavirus. As film […]

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Fund manager Mark Barnett leaves Invesco after investor concern

Mark Barnett, one of the UK’s best-known fund managers and a former protege of Neil Woodford, has left City firm Invesco, a month after being sacked from another high-profile fund he ran. Barnett, who was with Invesco for 24 years, managed £5bn of investors’ money across several UK equity funds. Invesco said it was reorganising its product range and management […]

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U.S. Consumer Sentiment Unexpectedly Rises Amid Relief Payments

U.S. consumer sentiment posted a surprise increase in early May amid widespread virus-relief payments and discounts for big-ticket items, though pessimism deepened about the longer-term outlook for incomes and the economy. The University of Michigan’s preliminary sentiment index rose 1.9 points from an eight-year low to 73.7, according to data Friday. That compared with the median estimate for a decline […]

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U.S. Retail Sales Plunged Record 16% In April

BALTIMORE (AP) — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores across the country and weighed down a sinking economy. The Commerce Department’s report Friday on retail purchases showed a sector that has collapsed so quickly that sales over the past 12 months are […]

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