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Amid Mixed Signals, US Economy Lifted As Consumer Spending Rises

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COVID-19 cases is on the rise, consumer spending in advance of the holiday season is boosting the economy, The Wall Street Journal reported. The economy went into a tailspin in the spring as the coronavirus took hold in the U.S., triggering various lockdowns and business shutdowns across the nation. While the number of U.S.

Economy 57
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Study: New COVID Restrictions Could Permanently Close A Third Of US Restaurants

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Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. The group's head, Tom Bené, argued in a Nov.

Shutdown 112
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Companies Fear Economic Recovery Won't Last

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Even though many companies recently reported earnings that showed a faster-than-expected bounce back from the pandemic, executives remain leery about the foreseeable future, The Wall Street Journal (WSJ) reported Sunday (Nov. Germany and France have enacted significant shutdowns expected to last about a month. In the U.S.,

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Citi Launches Cross-Border Accounts Receivable Platform

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Citi is streamlining the cross-border collections process for its corporate treasury clients, the financial institution said Wednesday (Nov. In today’s digital economy, clients must scale quickly into new markets to remain competitive,” said Citi Global Head, Payments and Receivables Manish Kohli in a statement. “At

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Restaurant Operators Say New COVID Restrictions Could Permanently Close A Third Of US Restaurants

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Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. The group's head, Tom Bené, argued in a Nov.

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Big Week Ahead For Retail; Target Earnings Expected To Show Momentum Of Digital Shift

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Second, it is trying to participate in the digital-first economy, and analysts will be looking for a big jump. The Minneapolis-based retail giant reports Wednesday morning (Nov. “The consumer here in the U.S. Morgan Chase & Co., 9 at a virtual investor conference. Macy’s will be the wild card of the week for several reasons.

NOV 56
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Fewer Cars, Bigger Profits: Auto Makers Look to Stay Lean Post-Pandemic

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The change, WSJ speculated Sunday (Nov. Automakers have seen a surge in demand that became difficult to meet due to the shutdowns earlier in the year, resulting in a seller's market, the paper said, with car companies able to keep prices high. In Europe, by contrast, the practice of preordering cars weeks in advance is more common.

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