Finance
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‘The 3M saga ends very happily’: Trump strikes deal with 3M to import 55 million N95 masks per month
President Trump has struck a deal with 3M to import 55 million N95 respirator masks a month for the next three months....
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Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business
Business Insider The $1 billion in cash Airbnb announced Monday that it has raised likely won’t last the company very long. Even...
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364Jamie Dimon tells shareholders he expects the coronavirus to cause a ‘bad recession’ and ‘financial stress similar to the global financial crisis,’ at a minimum (JPM)
Brian Snyder/Reuters Jamie Dimon’s annual letter to JPMorgan shareholders was published Monday. In it, the bank’s CEO addressed the coronavirus pandemic and...
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One Wall Street firm thinks the coronavirus-roiled stock market could fall another 20% this year
Research provider TS Lombard said Monday that the S&P 500 will fall below 2,000 in 2020. That would mark a 20% drop...
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Venture-backed startups are laying off thousands of tech workers as the coronavirus strains finances. Here’s a list of all of the startups that are cutting headcount.
Venture-backed startups have begun laying off employees, as the coronavirus and the subsequent economic shutdown has wreaked havoc on companies large and...
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366Delta plunges after Warren Buffett’s Berkshire Hathaway slashes its stake
Alex Wong / Getty Images Delta Air Lines stock plunged on Monday after Warren Buffett’s Berkshire Hathaway slashed its stake in the...
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Credit Suisse says the US economy will shrink 33.5% next quarter, the biggest drop in history
Credit Suisse expects that US gross domestic product will fall 33.5% in the second quarter amid the coronavirus pandemic, according to a...
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404Oil prices slump 3% after Saudi Arabia and Russia delay talks to end their price war
Dennis Van Tine/STAR MAX/IPx 2018 via AP Crude oil prices slid as much as 3% on Monday on reports that Russia and...
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414‘Shrugging off the pessimism’: Stocks rally on early signs that lockdowns are working against coronavirus
Brendan McDermid/Reuters Global stocks jumped on Monday as lockdowns in several novel coronavirus hotspots appeared to be slowing the pandemic’s spread. Italy...
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511Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets
REUTERS/Shannon Stapleton Bill Ackman’s Pershing Square made an 11.1% net gain in March after betting that markets would tank because of the...