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A Key Boeing Supplier Drops on More Bad News About 737 MAX – Barron’s

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The development underscores how the coronavirus pandemic is making matters worse for the embattled sector.Earlier in June, Spirit Aero (ticker: SPR) said Boeing (BA) asked the supplier to halt work o…

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Dow Jones Futures: Amid Whipsaw Stock Market Action, Tesla, Nvidia, These Top Stocks Hold Key Support – Investor’s Business Daily

Dow Jones futures: A stock market rally attempt closed higher but showed no clear direction. Tesla, Nvidia and some other leaders held their 50-day lines.

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Dow Jones futures rose modestly late Thursday, along with S&P 500 futures and Nasdaq futures. A new stock market rally attempt closed Thursday with modest gains after a wild session. Tesla (TSLA) and several other leaders held key support levels. Costco Wholesale (COST) reported earnings late.
XCostco’s stock fell in extended trading after it reported mixed results. Shares had closed up slightly after finding support at the 50-day moving average intraday.
Tesla stock also rebounded from an…

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Banks and small businesses look to Congress to streamline PPP forgiveness – CNBC

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One of the main draws of the Paycheck Protection Program was the ability to have loans forgiven if the money was used as the law permitted  with 60% of the capital going to payroll and 40% to other allowable expenses. But as forgiveness opened up last month, some banks and small businesses are reporting difficulty navigating the process, and advocates are pushing for simplicity for already struggling companies.
According to the Consumer Bankers Association, banks estimate that as many as 80% of…

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Citigroup says racism has cost US economy $16 trillion – New York Post

A Wall Street bank just put a price tag on racism in America, and it’s a steep one. New York-based megabank Citigroup found that the US economy has lost out on $16 trillion in growth over the last …

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A Wall Street bank just put a price tag on racism in America, and its a steep one.
New York-based megabank Citigroup found that the US economy has lost out on $16 trillion in growth over the last 20 years because of discriminatory policies in wage growth, education access, homeownership, and lending to minority-owned businesses.
The latter accounts for the biggest chunk of the losses by far, with the bank blaming $13 trillion worth of losses on American banks reluctance to lend to black-owned …

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Banks and small businesses look to Congress to streamline PPP forgiveness – CNBC
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Citigroup says racism has cost US economy $16 trillion – New York Post
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