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European shares slump on virus fears, banks hit by weak earningsEuropean shares fell on Wednesday as investors feared that a resurgence in COVID-19 cases would quash hopes of a swift recovery in the global economy, while rising U.S.-China tensions also dented sentiment.
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Companies Start Reaping Billions in Tax Breaks to Ride Out Economic SlumpNew tax breaks expected to total about $650 billion are starting to flow to U.S. businesses, giving them quick cash and longer-term help to ride out the coronavirus-induced economic downturn.
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This is the most expensive time to buy stocks in 20 yearsThe magnitude of the rebound on Wall Street has raised eyebrows given the extreme pain on Main Street
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Stocks in Asia Pacific set to slip amid risks of new infections as economies reopenDr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the U.S. could risk additional outbreaks if states start to reopen too quickly.
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Trump Administration Tells Federal Retirement Plan to Avoid Chinese StocksThe Labor Department is pressuring the overseer of the federal government’s $594 billion Thrift Savings Plan, the nation’s largest 401(k)-type plan, to cancel a plan that would allow investment in Chinese stocks.
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Stocks Fall, Dow Plunges Over 400 Points As Reopening Of The Economy ContinuesThe market opened slightly higher today but later turned negative as Wall Street continues to assess the risks of reopening the economy, with some states lifting coronavirus lockdown orders by skleb1234
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