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The US Federal Reserve on Thursday widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for nonprofits. The central bank said it would expand its “Main Street …
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Global smartphone production is seeing its biggest-ever slump as the coronavirus pandemic has smothered global demand. Industry firm TrendForce said it expects production to dip 16.5 percent year-over-year to 287 million phones in the June quarter, continuing a slide that saw output drop 10 percent in the March quarter, when the outbreak spread and peaked …
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A shuttered Southampton diner has turned into a drive-through art gallery amid the coronavirus pandemic. East Hampton-based artist Katherine McMahon is displaying her diner-inspired painting series inside of the Silver Lining Diner, which drivers can view from their cars. The artwork is visible through the restaurant’s windows, to adhere to social-distancing orders in place. Fifty …
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More than 3.8 million Americans applied for unemployment benefits last week, meaning the coronavirus crisis has sidelined more than 30 million workers, new federal data show. That means 18.6 percent of the nation’s workforce — more people than the entire state of Texas — tried to collect unemployment checks in the last six weeks as …
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Entrepreneurs looking to sell their wares at Walmart, listen up. Walmart CEO Doug McMillon has signed up for the digital fundraising campaign, All-In Challenge, to help fight the coronavirus crisis, and it includes a chance for small businesses to have their products sold at the nation’s largest retailer. McMillon and his management team have agreed …
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Poised to maybe creep up on us is a new “Maude.” Forty years ago that was producer Norman Lear’s TV thing starring Bea Arthur. Brash, outspoken, big with feminists. Adrienne Barbeau plays Bea’s daughter Carol. Adrienne: “I’d love to be the new Maude. I’m in a new movie ‘For the Love of Jessee’ playing an …
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A US senator is calling on the Justice Department to open a criminal probe of Amazon’s “predatory data practices.” Sen. Josh Hawley (R-MO.), who has long been critical of Silicon Valley’s biggest companies and their privacy practices, expressed concern Tuesday about a Monday report that Amazon collects data about third-party products it sells on its …
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Senate Judiciary Committee Chairman Lindsey Graham (R., S.C.) is requesting that the Justice Department release documents that “question the accuracy and reliability” of former British spy Christopher Steele’s sourcing, following news that Steele himself has no records of his conversations with the primary sub-source for his infamous dossier. In a letter to attorney general William …
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Federal prosecutors are reportedly probing potentially dangerous missteps in the production of Boeing’s 737 MAX jet, adding to intense scrutiny of the troubled planemaker. Both the US Department of Justice and the Federal Aviation Administration are examining various safety problems on the 737 MAX assembly line, The Wall Street Journal reported Tuesday. The report follows …
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New York City graffiti artist SAME — who made a name for himself as the Whitney Vandal — died earlier this month. He was 39 years old. Back in 2014, SAME, whose real name was Christopher Johnson, walked into the 24-hour Jeff Koons exhibit at the former Whitney Museum of American Art — now the MET …