Finance
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Robinhood’s cofounders blame ‘stress to its infrastructure’ from an ‘unprecedented load’ for massive outages during huge market gyrations
Robinhood cofounders and co-CEOs Baiju Bhatt and Vlad Tenev wrote a post on the stock-trading startup’s blog addressing recent outages that impacted...
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Walmart, McDonald’s, Home Depot, and 12 other retailers share how the coronavirus outbreak could affect business
KFC, Pizza Hut, Taco Bell, and other Yum China brands A customer in front of a KFC location in China. Aly Song/Reuters...
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4 startups that are raising millions and putting a new spin on customer rewards by partnering with brands like Casper and Sephora
Rewards are a long-standing strategy for brands to get consumers to buy. But consumers can lose track of the various loyalty and...
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WeWork still hasn’t given many US tenants guidance on the coronavirus outbreak
WeWork has still not offered many of its US tenants guidance on the coronavirus outbreak. Other major tech companies have closed offices...
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497Why a coronavirus-driven recession would be a unique beast — and why the normal playbook might not work
Associated Press The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession. The outbreak has already...
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A Ford exec explains how the carmaker has recovered from the flawed launch of its all-important Explorer SUV (F)
Ford struggled to launch its sixth-generation Explorer SUV in 2019. The difficulties with the launch hurt Ford’s 2019 revenue, but the SUV...
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392The Fed’s sudden interest rate cut may not be able to contain the economic fallout from the coronavirus
The coronavirus is sparking concerns of a major economic downturn. In response the Federal Reserve on Tuesday announced a 50 basis point...
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377Stocks soar on hopes that stimulus will counter coronavirus, but analysts warn the worst may be yet to come
Brendan McDermid/Reuters Stocks rose on Tuesday as investors cheered the prospect of monetary and fiscal stimulus in response to coronavirus. Australia’s central...
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Elon Musk is vowing to support Twitter boss Jack Dorsey against the activist hedge fund trying to oust him (TWTR, TSLA)
Elon Musk voiced his support for Twitter CEO Jack Dorsey, who is under attack from activist investor Elliott Management. Musk is CEO...
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New York’s governor is forcing health insurers to cut patients’ costs for coronavirus testing
New York Governor Andrew Cuomo just made a move that could make getting care for coronavirus more affordable for New York residents....