US service economy grows again in September, ISM finds, and employment turns positive for first time in seven months

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US service economy grows again in September, ISM finds, and employment turns positive for first time in seven months

The numbers: The huge service side of the U.S. economy — retailers, restaurants, banks, hospitals and the like — expanded in September for the fourth month in a row and employment also grew for the first time since the pandemic began, a survey business …
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Shake Shack is planning for an Oct. 5 opening in Madison

The popular burger chain Shake Shack plans to open its Madison location Monday at Hilldale. A spokeswoman for the company said Madison’s location will be its 300th Shack. The burger, hot dog, custard and shake chain will be in a location that for 10 years …
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EQT Real Estate II closes at EUR1 billion hard cap

EQT has held the final close of the EQT Real Estate II fund at its hard cap of EUR1 billion in fee-paying assets under management. Demand from both existing and new investors was robust, with commitments into the Fund coming from a diversified group of …
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ESG investing looks like just another stock bubble

By Jared Dillian The asset-management industry has been struggling for a while, but one category continues to attract assets: ESG, which screens companies for environmental, social and corporate governance factors. Put another way, it seeks to identify …
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Venmo launches its first credit card, offering up to 3% cash back, personalized rewards

Last October, Venmo announced it would launch its first credit card sometime in 2020. Today, the PayPal-owned company is making good on those promises with the debut of the Venmo Credit Card, initially rolling out to select customers. The Visa card offers …
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