Markets / Wall Street

Rescue aid package may reduce inequality, but for how long?

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WASHINGTON — Democrats have celebrated President Joe Biden’s $1.9 trillion COVID-19 relief plan as a blow against one of America’s most entrenched economic woes:...

Protests around Lebanon as local currency continues to slide

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BEIRUT — Lebanon’s currency plummeted to a new record low on Saturday, continuing its crash amid a worsening economic crisis that has triggered near-daily...

Edsel B Ford II retires from Ford board, more Fords join

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DETROIT — Edsel B. Ford II is retiring from the board of Ford Motor and will be replaced by another member of the Ford...

For Syrians, a decade of displacement with no end in sight

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BAR ELIAS, Lebanon — Mohammed Zakaria has lived in a plastic tent in eastern Lebanon’s Bekaa Valley for almost as long as war has...

UK GDP shrinks 2.9% amid COVID lockdown; Brexit cuts exports

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LONDON — The British economy shrank 2.9% in January as the nation was hit by a new round of coronavirus restrictions and Brexit slashed...

AP-NORC poll: People of color bear COVID-19’s economic brunt

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NEW YORK — A year ago, Elvia Banuelos’ life was looking up. The 39-year-old mother of two young children said she felt confident about...

Ant Group CEO resigns for personal reasons

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The CEO of Ant Group, the world’s biggest financial technology company, has resigned from the company due to personal reasons. ...

Lebanese parliament approves World Bank loan to help poor

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BEIRUT — Lebanon’s parliament on Friday approved a $246 million loan from the World Bank that would provide cash assistance for more than 160,000...

Airline stocks cleared for takeoff, but turbulence ahead

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Investors have seemingly cleared airline stocks for takeoff, but the industry still faces a long and bumpy climb. ...

Coupang, the Amazon of South Korea, makes its debut on NYSE

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The biggest IPO in years is rolling out Thursday on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in...