Many banks and brokerage houses were using their own company’s money to invest in derivatives, such as mortgage-backed securities and other complex financial instruments. The eventual collapse of the subprime mortgage market (loans to borrowers with poor credit histories) created a ripple effect that led to the collapse of Bear …
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Thousands of bathers in England braved the coronaviruses’ social estrangement on Thursday as they flocked to the coast to enjoy the hottest day of the year in the UK thus far. Police have urged people to stay away from the southern coastal city of Bournemouth, where council leaders have declared …
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R&D center proposed by Huawei in Cambridge, England. Huawei A new Huawei research and development center has been approved by a local council in the UK, despite continued nationwide security concerns surrounding the Chinese company. The Cambridgeshire South District Council approved the first phase of construction of Huawei’s planned R&D …
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DEAL 8:15 AM PDT 06/25/2020 by Georg Szalai “The Walt Disney Company remains committed to the business of our children’s channels and continues to execute distribution agreements for Disney channels in many markets where Disney + is also available.” Walt Disney Co. will close its three linear channels in the …
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Unemployment claims for the week ending Saturday totaled 1.5 million, the Labor Department said Thursday. That was slightly higher than the consensus economist estimate of 1.3 million. Thursday’s report marked the twelfth consecutive week of declining claims. It also brought a total of submissions over a 14-week period to approximately …
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