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U.S. Stocks Drop as Jobless Claims Remain Elevated – The Wall Street Journal

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U.S. stocks dropped Thursday as fresh data showed new unemployment claims remained elevated and investors continued to back away from bets on a smooth economic reopening. The Dow Jones Industrial Average fell 345 points, or 1.3%, recovering a bit after briefly being down more than 500 points. The S&P 500 dropped 0.9%, with all 11…

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Australia Suspends Extradition Treaty With Hong Kong Over China’s National-Security Law – The Wall Street Journal

By 2 days ago

SYDNEY—Australia is suspending its extradition treaty with Hong Kong and giving the city’s residents a pathway to staying permanently in response to China’s decision to impose new national-security legislation, a move likely to further inflame tensions with Beijing. Prime Minister Scott Morrison said Thursday that the national-security law constituted “a fundamental change of circumstances in…

God of War Director Backs $70 Games Over Microtransactions – But He’s Wrong thumbnail God of War Director Backs $70 Games Over Microtransactions – But He’s Wrong thumbnail

God of War Director Backs $70 Games Over Microtransactions – But He’s Wrong

By 2 days ago

A $70 price for next-generation PS5 and Xbox Series X games is expected. God of War creative director Cory Barlog says a price increase should happen, at the expense of micro-transactions. Unfortunately, publishers are more likely to implement both for their games. As the discussion about the seemingly imminent arrival of a next-gen game price […]

UN Rules Require Cybersecurity Guarantees for Connected Cars – The Wall Street Journal

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Robotic arms scan an electric car during quality checks at Volkswagen’s factory in Zwickau, Germany. Auto makers were involved in discussions on the new U.N. cybersecurity rules before they were approved. Photo: Krisztian Bocsi/Bloomberg News July 9, 2020 5:30 am ET | WSJ Pro Manufacturers selling cars in jurisdictions including Japan, South Korea and the…

Cyber Daily: Car Makers Face UN Mandates for Cybersecurity | Freddie Mac Notifies Mortgage Holders of Potential Breach - Wall Street Journal thumbnail Cyber Daily: Car Makers Face UN Mandates for Cybersecurity | Freddie Mac Notifies Mortgage Holders of Potential Breach - Wall Street Journal thumbnail

Cyber Daily: Car Makers Face UN Mandates for Cybersecurity | Freddie Mac Notifies Mortgage Holders of Potential Breach – Wall Street Journal

By 2 days ago

July 9, 2020 8:36 am ET | WSJ Pro Good day. Car companies must step up protection of vehicles from hackers under new rules from the United Nations, WSJ Pro’s Catherine Stupp reports from Brussels. “The car industry is becoming an increasingly regulated industry because its product is becoming more advanced, more sophisticated, but also more…

3 Pernicious Industry Trends That Will Haunt Boeing Stock thumbnail 3 Pernicious Industry Trends That Will Haunt Boeing Stock thumbnail

3 Pernicious Industry Trends That Will Haunt Boeing Stock

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Boeing (NYSE: BA) stock has doubled since crashing to a four-year low in March. The aerospace and defense giant will be disproportionately hit by the problems facing airlines. Here are three industry trends that should spook Boeing shareholders. Boeing stock has come a long way since early March. After crashing to a four-year low beneath […]

The Stock Market’s Pandemic Behavior Points to Potential Correction thumbnail The Stock Market’s Pandemic Behavior Points to Potential Correction thumbnail

The Stock Market’s Pandemic Behavior Points to Potential Correction

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The stock market’s movements during the March crash could give investors a clue about what’s to come. Investors are ignoring warning signals about the economy. The pandemic is worsening in the U.S., but investors remain optimistic. As the U.S. stock market seemingly defied gravity in the face of terrible economic data and a worldwide pandemic, […]

U.S. Initial Unemployment Claims Edge Down in Latest Week – The Wall Street Journal

By 2 days ago

Initial unemployment claims edged down to 1.3 million in the latest week and workers receiving benefits eased slightly to 18.1 million, signs the labor market continues to heal. The number of new applications for jobless benefits fell by a seasonally adjusted 99,000 for the week ended July 4, the Labor Department reported Thursday. That extends…

How to Ace Your Video Interview thumbnail How to Ace Your Video Interview thumbnail

How to Ace Your Video Interview

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Now Playing 7/9/2020 8:00AM      Preparing for a video interview requires research, practice and set design. Career coach Ashlee Anderson, who’s been working from home for 10 years, tells you how to prepare–and make eye-contact through a screen. Photo: Adam Falk/The Wall Street Journal Up Next Editor Picks Shelf 7:36 The Coronavirus May Forever Change Grocery…

Biden Looks to Curb Economic Damage With ‘Buy American’ Plan…

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WASHINGTON—Former Vice President Joe Biden is expected Thursday to outline a plan that his campaign says is aimed at reviving the U.S. economy with an America-centric approach to job creation and manufacturing, issuing a direct challenge to President Trump as they compete for working-class voters less than four months before the presidential election.Mr. Biden is…

Miserable Economic Outlook Could Yield Record Gold Prices…

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Gold prices ticked past $1,800 an ounce this week, and are now not far from the all-time highs reached in 2011, in the bleak aftermath of the financial crisis. New records could be ahead. Since the financial crisis, the movement of gold prices has been a near-mirror image of movements in the yield on 10-year…

WSJ Wealth Adviser Briefing: Shopping Malls, KKR Buy, Greek Island

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April Rudin, head of marketing firm the Rudin Group, told Barron’s that as day traders flock to the app du jour to take advantage of choppy markets, many financial planners are taking an opposite approach, advising clients to stay the course. Financial planning software, which includes retirement and other investment projections, is one way advisers…

The Coronavirus May Forever Change Grocery Shopping thumbnail The Coronavirus May Forever Change Grocery Shopping thumbnail

The Coronavirus May Forever Change Grocery Shopping

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Now Playing 7/9/2020 5:30AM      Will the coronavirus pandemic lead to long-term changes in how we shop for food? To better understand the challenges facing grocery stores, WSJ’s Alexander Hotz spoke with an industry insider, a store owner and a Walmart executive. Up Next Editor Picks Shelf 7:36 The Coronavirus May Forever Change Grocery Shopping 7/9/2020…

Supply-Chain Fintech Taulia to Raise New Funds From JPMorgan, Ping An – The Wall Street Journal

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Taulia CEO Cedric Bru says Ping An will help expand the platform in China and Aramco will do the same in the Middle East. Photo: Ugo Padovani/Hans Lucas/Reuters A clutch of global investors is throwing its weight behind a financial-technology upstart that facilitates payments between companies and their suppliers, betting that it is well positioned…

Dow Futures Steady After Surprising US-China Truce Breakthrough thumbnail Dow Futures Steady After Surprising US-China Truce Breakthrough thumbnail

Dow Futures Steady After Surprising US-China Truce Breakthrough

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Dow Jones Industrial Average (DJIA) futures were slightly lower on Thursday. Chinese officials struck an optimistic tone overnight, pledging to “grow China-US relations with goodwill and sincerity.” The remarks will settle Wall Street nerves over recent Sino-US relations. Dow Jones Industrial Average futures were marginally lower in premarket trading Thursday, down 47 points. The index […]

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