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J.C. Penney to file for bankruptcy as soon as next week, sources say
May 24, 2020May 18, 2020 theproffercom

J.C. Penney to file for bankruptcy as soon as next week, sources say

Business

J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter

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U.S. private payrolls dive by a record 20.2 million
May 23, 2020May 18, 2020 theproffercom

U.S. private payrolls dive by a record 20.2 million

Business

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the

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Wirecard revamps management board amid probes
May 22, 2020May 18, 2020 theproffercom

Wirecard revamps management board amid probes

Business

Wirecard (WDIG.DE) Chief Executive Markus Braun apologised to shareholders on Friday as the company announced a reshuffle of its management board and appointed a new

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As pandemic rages, anything goes for bitcoin’s third ‘halving’
May 21, 2020May 18, 2020 theproffercom

As pandemic rages, anything goes for bitcoin’s third ‘halving’

Business

As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the

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Stocks hit weekly highs as markets shrug off dismal U.S. jobs data
May 20, 2020May 18, 2020 theproffercom

Stocks hit weekly highs as markets shrug off dismal U.S. jobs data

Business

Equity markets rallied on Friday, hitting weekly highs, and oil prices gained as more governments around the world began gradually reopening their economies and Sino-American

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Fed funds futures market sees negative rates by next April
May 19, 2020May 18, 2020 theproffercom

Fed funds futures market sees negative rates by next April

Business

The fed funds futures market is pricing in negative U.S. interest rates next year, a scenario the Federal Reserve has said it wants to avoid

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Southwest to raise $815 million through sale and leaseback of 20 planes
May 18, 2020 theproffercom

Southwest to raise $815 million through sale and leaseback of 20 planes

Business

Southwest Airlines Co (LUV.N) will sell and lease back 20 planes for gross proceeds of about $815 million, the company said in a regulatory filing

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