Finance
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Spirit Airlines files for Chapter 11 bankruptcy protection
The airline said its operations would continue uninterrupted as the bankruptcy process plays out
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Oprah Winfrey received $1 million from VP Harris during campaign: report
The Washington Examiner reports that Harris paid $1 million to Harpo Productions on Oct. 15.
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Fed cuts its key interest rate by quarter-point
The rate cut follows a half-point reduction in September.
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Insidious debt 'going to eat at our national income, like termites,' warns budget expert
"We can debit people's bank accounts without touching them because all we do is print more money," says Marc Goldwein. "Your bank account stays with the same dollar amount, it becomes worth less." Goldwein says average Americans should care about the nation's rising deficit and debt: "What's going to happen is your income is just going to grow a little bit slower than it otherwise would each year, year after year, and so you might not feel it at any moment in time, but it accumulates and ultimately can create a lot of pain."
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Dow Jones plummets more than 800 points on Thursday
Thursday's decline drops the Dow below 29,000 again after it had risen above 29,000 on Wednesday for the first time since February.
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First-time jobless claims drop after two weeks of increases
The number of claims last week was roughly 1.2 million, about 249,000 less than the previous week
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Goldman Sachs reaches nearly $4 billion settlement with Malaysia over 1MDB scandal
The investment bank has agreed to pay $2.5 billion in cash and guarantee the recovery of at least $1.4 billion in assets
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Lack of U.S. coin availability represents yet another consequence of the coronavirus pandemic
The health scare has interrupted the normal circulation of coinage and lead to availability shortages.
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Watch: Former Fed Chairs Bernanke, Yellen testify to Congress about economy
The House Select Coronavirus holds a hearing
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Watch: Mnuchin testfies on small business assistance
House Small Business Committee holds hearing on small business assistance
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Feds report 1.3 million new jobless claims last week, retail sales up 7.5% in June
The county is faced with high unemployment as a result of the coronavirus pandemic
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Major Pizza Hut, Wendy's franchisee files for bankruptcy
The company filed under Chapter 11 allowing restaurants to stay open, try to turn profit
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Watch: House Small Business Committee holds hearing on small business assistance
House Small Business Committee holds hearing on small business assistance