Jittery Wall Street banks brace for election-fueled uncertainty

Large Wall Street banks have been running “war game” drills in their trading businesses and preparing clients for unexpected scenarios around next week’s elections, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said. There is more confidence now […]

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Stocks climb as strong economic data follows COVID-19 selloff

US stocks posted tentative gains Thursday as strong economic data helped Wall Street recover from its coronavirus-fueled selloff. The Dow Jones industrial average climbed as much as 89.19 points, or 0.3 percent, to 26,609.14 in choppy early trading after the feds revealed the nation’s gross domestic product rebounded by a record 7.4 percent in the […]

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The baseball card market is thriving thanks to COVID-19

Forget the anxiety of the stock market, savvy investors are looking to Mickey Mantle. Baseball cards are a safe, reliable way to grow your investment portfolio, according to a new report, the Daily Mail reported. And it’s all about blue-chip names like Yankee legend Mantle. In 1988, a mint-condition Mantle rookie card sold at auction […]

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Burger King to roll out reusable burger boxes, cups

Time to get a refill on that Whopper. Burger King plans to start testing reusable burger boxes and cups next year as part of its efforts to reduce waste. Diners in New York City, Tokyo and Portland, Oregon will be able to ask for their sandwich or drink in a sturdy, “zero-waste” container that can […]

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Saks scaling back its Barneys relaunch plans, CEO says

The coronavirus pandemic has sidelined efforts to revive the Barneys New York brand, The Post has learned. Barneys — an iconic high-end retailer that shuttered all of its stores for good in February after filing for bankruptcy last year — had been slated to make a splashy comeback in September as a boutique on the […]

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Remittances growth turning muted: report

Remittances growth is muted due to “structural” reasons which will hamper consumption demand locally, a report said on October 15. ”…the muted external remittances growth is more of a structural issue than transitory,” India Ratings and Research said in its note. India has been the largest recipient of remittances from its diaspora spread all across […]

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