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Friday, July 10, 2020

China’s Markets Rally on Optimism Economy Is Shaking Off Covid-19 Pandemic

China’s yuan has strengthened to levels last hit in March and local financial markets have rallied as confidence builds...

White House Expects New Round of Stimulus Funds to Individuals by End-July

WASHINGTON—Treasury Secretary Steven Mnuchin said Thursday the Trump administration is working with the Senate to pass a new bill...

Allstate to Acquire Rival Insurer National General for $4 Billion

Allstate will add relationships more than 42,000 independent agents across the U.S. in the acquisition. While many insurance companies have increasingly steered away from...

Layoffs Fell in May to Pre-Coronavirus Levels

The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the...

Banks Could Get $24 Billion In Fees From PPP Loans

JPMorgan Chase & Co. and Bank of America Corp. are in line to split between $1.5 billion and...

TikTok Maker Seeks to Strike Balance as China, U.S. Step Up Geopolitical Pressure

The Chinese maker of TikTok, the popular short-video platform, said Tuesday it would pull its app out of Hong...

Global Stocks Jump, Led by Surge in Chinese Markets

U.S. stocks jumped Monday following the holiday weekend, lifted by shares of everything from medical technology companies to banks....

Luckin Coffee Probe Says Chairman Knew or Should Have Known of Fabricated Transactions

An investigation into the accounting misdeeds at Luckin Coffee Inc. has concluded that the company’s chairman knew—or should have...

Time for RV Investors to Hit the Road

The recreational-vehicle industry is enjoying a nice ride, but investors shouldn’t park their money for long. With plane travel...

Home Caregivers Shoulder Burden in Covid-19 Fight

LOS ANGELES—As Covid-19 infections surge, home caregivers including Lesia Louro are working on the hidden front line in the...