LYNNWOOD, Wash. (AP) – On a hot summer night, two food trucks pulled onto a tree-lined street in a hilltop neighborhood outside of Seattle. The smell of grilled meat filled the air, and neighbors slurped on boba tea drinks. Toddlers, teens, their parents and dogs sat in the grass, chatting …
Read More »Breakingviews – Pinduoduo is stunned by its own store hype
Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the debut of the trading on the Nasdaq Stock Market in New York, during an event in Shanghai, China July 26, 2018. Image taken July 26, 2018. Yin Liqin / CNS via REUTERS ATTENTION EDITORS – This …
Read More »Van Halen’s Lesson for a Scandal-Plagued Fund Manager
(Bloomberg Opinion) – Rockers Van Halen had a notorious way of spotting trouble when setting up for live performances. Tour riders at concerts would start around bakeries of M & Ms afterwards with all brown candy removed. Rather than a symptom of excessive rock-‘n-roll, the question was a test for …
Read More »US futures head higher after use of plasma treatment allowed, guarantees from WeChat
Futures for the three major U.S. averages average, following the announcement by President Trump that the U.S. FDA has issued emergency use authorization for convalescent plasma for COVID-19 treatment. Separately, President Trump’s team of private U.S. companies say they can still do business with the WeChat messaging app in China, …
Read More »Economists see a chance of a double-dip recession, according to a survey
People stand outside a Kentucky Career Center hoping to find help with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters There is a one in four chance that the economy could fall into a double recession, according to a majority of economists surveyed by the …
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