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[CNBC] KEY POINTS President Donald Trump on Thursday issued executive orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance. Tencent owns the messaging service WeChat and ByteDance owns the popular short-video-sharing app TikTok. The ban will take effect in 45 days. While the scope of the bans remain […]
[Coindesk, Getty Images] Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. More than 20,000 BTC — worth roughly $225 million — are now tokenized and used in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the […]
[Weather Channel] At a Glance Hurricane conditions are expected over portions of the northern Bahamas Saturday. Impacts will be felt in parts of Florida later Saturday. Hurricane conditions could reach South Florida Saturday night. The forecast for this system is still uncertain. Isaias may ultimately impact a sizable swath of […]
[The Washington Post] Warm waters are a major concern with Hurricane Isaias forecast to ride up the Eastern Seaboard. Vacationing on Nantucket in early July, Terrence Boylan cast his line in to the strangely warm surf. The creature he reeled in left the veteran angler baffled. It was a skinny, […]
[CNN] New York — The US economy contracted at a 32.9% annual ratefrom April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting […]
[CNBC] During its third quarter earnings results on Thursday Apple said that the company’s Board of Directors approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are […]
Prices for the metal trade 25% higher for July Investors have focused on a rise in record prices for gold, but silver’s up about 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal. “Silver is often called the ‘poor man’s gold’ because […]
[CNN] New York — Dunkin’ is permanently closing 8% of its United States locations, which amounts to roughly 800 restaurants. The company announced the changes in its second quarter earnings, released Thursday. Dunkin’ described the closures as “real estate portfolio rationalization” and said the affected locations are in “low-volume sales locations” that only represent […]
[MSN, DepositPhotos] Paying off a home With mortgage debt at record levels, paying off a home can be expensive. This is especially true in recent weeks as the coronavirus (COVID-19) pandemic has left millions of Americans out of work and without an income. To see where monthly mortgage costs are […]
[CNET] A new $1,200 stimulus check could be just one of the benefits you might receive from the HEALS Act. Here are the other incentives proposed to offset the worst financial effects of the coronavirus pandemic. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. […]