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Fed Shifts Supervisory Approach Amid COVID-19
Fed Shifts Supervisory Approach Amid COVID-19
March 25, 2020  |  Banking

Amid the coronavirus, the Federal Reserve Board is shifting its supervisory approach. The board said in a press release that it “recognizes that the current situation...

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FinTech Veteran Dan Henry Tapped To Lead Green Dot
FinTech Veteran Dan Henry Tapped To Lead Green Dot
March 25, 2020  |  Personnel

Branchless bank and FinTech Green Dot has reported that Dan Henry will step in as its new president and CEO, and will also join the...

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eCommerce Helped Nike Mitigate Lost Sales In China
eCommerce Helped Nike Mitigate Lost Sales In China
March 25, 2020  |  Retail

After the COVID-19 outbreak, business for Nike Inc. has bounced back in China. The brand was also able to help mitigate lost sales with eCommerce...

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Retail Brands Abandon Clothing Orders Amid Drop In Demand
Retail Brands Abandon Clothing Orders Amid Drop In Demand
March 25, 2020  |  Retail

Retailers are halting and calling off attire orders as Western shoppers remain in their residences and shops close because of the coronavirus pandemic. The move...

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US Gov Reaches Historic $2T Deal On Coronavirus Stimulus Bill
US Gov Reaches Historic $2T Deal On Coronavirus Stimulus Bill
March 25, 2020  |  Coronavirus

Leaders in Washington reached an agreement Wednesday morning (March 25) on a $2 trillion bill to rescue the economy, the largest economic stimulus package in...

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India’s Quarantine Prompts Walmart’s Flipkart To Halt Operations
India’s Quarantine Prompts Walmart’s Flipkart To Halt Operations
March 25, 2020  |  Coronavirus

Walmart’s Flipkart has stopped all services in India as the government orders people to stay inside for at least three weeks due to the coronavirus,...

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Facebook Traffic Up 50 Pct, But Not Ad Revenue
Facebook Traffic Up 50 Pct, But Not Ad Revenue
March 25, 2020  |  Facebook

The coronavirus has ended up a boon for social media giant Facebook, which saw a 50 percent spike in usage as the virus ate its...

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Big Businesses Tap $124B From Credit Lines To Stay Afloat
Big Businesses Tap $124B From Credit Lines To Stay Afloat
March 25, 2020  |  Coronavirus

Over 130 businesses across Europe, North America and South America have drawn cash from at least $124.1 billion in credit lines to stay afloat during the...

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Discounts Kickstart Economy As China Reopens, Urging People To Spend
Discounts Kickstart Economy As China Reopens, Urging People To Spend
March 25, 2020  |  Coronavirus

Businesses are offering steep discounts to encourage people to spend as China starts to reopen for business following the coronavirus pandemic that put the country...

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