WESTBROOK — Economics is widely known as “the dismal science” because economists tend to have a negative outlook on society and human behavior. If you pay attention, you’ll notice that forecasts for the U.S. economy amid COVID-19 are only getting …
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HONG KONG/BEIJING (Reuters) – China’s securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc (LK.O), and sources said some of the banks involved in the Chinese chain’s successful U.S. IPO last year were reviewing their …
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This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (April 3, 2020). SoftBank Group Corp. terminated an offer to pay up to $3 billion for shares in …
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U.K. broadcaster ITV has cut the pay of its executive directors and management board by 20% and scrapped their annual bonuses in light of the coronavirus crisis. In a statement, ITV said the cuts had been approved by its renumeration committee and were …
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The jobless rate today is almost certainly higher than at any point since the Great Depression. We think it’s around 13 percent and rising at a speed unmatched in American history. The labor market is changing so fast that our official statistics — intended to …
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