Private equity tycoon’s son involved in sexual assault lawsuit

The son of a Wall Street tycoon allegedly violently raped and sodomized one of his dad’s employees — and the father turned against the victim when she spoke out, according to her claims in an explosive lawsuit. Taylor Lawrence, a former head of investor relations at $2 billion private equity fund Wellspring Capital Management, accused […]

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UK’s Sunak: too early to predict shape of recovery from recession

© Reuters. Britain’s Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London LONDON (Reuters) – Britain is facing a significant recession but it is too early to tell how quickly the economy will be able to recover, British finance minister Rishi Sunak said on Thursday. Asked about the outlook for the economy, Sunak […]

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Wall Street braces for 2 faces of a President Biden: Progressive champ or middle-of-road moderate?

Wall Street isn’t sure what to expect if presumptive Democratic presidential nominee Joe Biden wins November’s general election. The former vice president has recently embraced the progressive shift within the Democratic Party that has frightened some investors on Wall Street. “All Wall Street is worried about what if Biden the progressive Biden gets elected…is it […]

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Man charged in attack on child dancer captured on Facebook

Authorities are looking for a Missouri man who is accused of punching a 12-year-old street performer in the head in an attack that was captured on Facebook Live and has been viewed hundreds of thousands of times By HEATHER HOLLINGSWORTH Associated Press July 7, 2020, 8:07 PM 2 min read Share to FacebookShare to TwitterEmail […]

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U.S. Job Openings Unexpectedly Increase as Hires Climb to Record

© Bloomberg. People wearing protective masks walk down a street lined with outdoor seating for restaurants in the Little Italy neighborhood of New York on July 6. Photographer: Angus Mordant/Bloomberg (Bloomberg) — U.S. job openings unexpectedly increased in May as state economies stirred to life and businesses looked to hire anew. The number of available […]

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Investors Start to Ask: What if Biden Becomes President?

After months of fixating on the pandemic, Wall Street has something new to worry about: a possible Biden presidency. With the latest polls suggesting that former Vice President Joseph R. Biden Jr. has built a commanding lead over President Trump in the 2020 race, investors have begun to take into account that the not-too-distant future […]

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Investors send stocks higher on signs that economy’s still buoyant

Better-than-expected jobs data sent stocks higher on Thursday as Wall Street cautiously cheered evidence that the economy, while still fragile, appears eager to bounce back. The Dow Jones industrial average index of blue-chip stocks ended the day up 0.4 percent, to 25,827.63, while the S&P 500 rose 14.2 points, or 0.5 percent, to 3,130.01. The […]

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Man who beheaded US journalist Daniel Pearl, 3 others linked to crime will remain in jail – for now

Four men who were sentenced to life in prison for the death of Wall Street Journal reporter Daniel Pearl but were later exonerated will remain in prison for three more months, officials said Thursday. MAN WHO BEHEADED US JOURNALIST DANIEL PEARL TO BE FREED FROM PAKISTANI PRISON Just a day before the announcement, Pakistan’s Supreme Court upheld […]

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CBO Trims U.S. GDP Forecast for This Year, Lifts 2021 Projection

© Bloomberg. A pedestrian wearing a protective mask waits to cross a street in the Times Square area of New York on May 12. (Bloomberg) — The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office. […]

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U.S. House approves extension of small business loan program

© Reuters. A person in a mask walks on a nearly empty street in the coronavirus outbreak near the Treasury Department in Washington WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday approved an extension of a $660 billion lending program in an effort to help small businesses hit hard by the coronavirus pandemic, […]

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Italy confiscates $1B worth of amphetamines made by ISIS in Syria

Italian police seized 14 tons of amphetamines with a street value of approximately $1.15 billion, which they suspect was headed for the home base of a notorious European crime clan in Naples and outsourced from ISIS drug producers in Syria. Video posted to the Italian Financial Guard military force’s Twitter account showed agents in the southern […]

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Stock Markets Edge Higher: Live Business Updates

[embedded content] Here’s what you need to know: Wall Street enters the second half of 2020 on uncertain footing. Treasury to loan $700 million to trucking company and take 30 percent stake. United Airlines adds scores of flights to August schedule. Wearing masks may have a major economic impact. U.S. Senate votes to extend program […]

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Man who beheaded US journalist Daniel Pearl to be freed from Pakistani prison

The British-born man convicted in the 2002 murder of Wall Street Journal reporter Daniel Pearl is likely to walk out of jail a free man this week following a surprising ruling by Pakistan’s supreme court. The country’s high court on Monday refused to overturn a lower court’s ruling exonerating the man who kidnapped and killed […]

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PM Johnson demands Britain ‘Build, build, build’ to beat COVID-19 slump

2/2 © Reuters. FILE PHOTO: Boris Johnson leaves Downing Street 2/2 By William James LONDON (Reuters) – Prime Minister Boris Johnson promised to shake Britain’s economy out of its coronavirus-induced crisis on Tuesday by fast-tracking infrastructure investment and slashing property planning rules. As Britain emerges from lockdown, Johnson is looking to move past criticism of […]

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Disney to revamp Splash Mountain to feature company’s first Black princess

© Reuters. FILE PHOTO: Crowds walk along Main Street inside Disney’s Magic Kingdom on the final day before closing in an effort to combat the spread of coronavirus disease (COVID-19) in Orlando By Lisa Richwine LOS ANGELES (Reuters) – Walt Disney Co (N:) said on Thursday it will renovate its Splash Mountain theme park ride […]

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Illegal London street party turns violent, rioters smash police cars as at least 22 cops injured

An illegal London street party turned into a violent anti-police riot when officers tried to shut it down — with disturbing footage appearing to show one man waving a sword at a line of cops. Scotland Yard says at least 22 officers were injured Wednesday night as the large crowd turned against them after they tried […]

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UK says no deadline for U.S. trade deal, talks tough on terms

© Reuters. FILE PHOTO: Members of Britain’s cabinet meet at Downing Street in London LONDON (Reuters) – Britain has no deadline to strike a trade deal with the United States, trade minister Liz Truss said on Wednesday, criticising the U.S. administration for “talking a good game” on free trade while restricting import access. Britain left […]

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‘The City Fumbled It’: How 4 Families Took On the Virus

A walk along 138th Street in Mott Haven offers a blunt diagnosis of a South Bronx community troubled by chronic, and preventable, illnesses. Asthma, obesity and diabetes — which has spawned its own economy, reflected in signs on lampposts offering cash for test strips — have put the Bronx at the bottom of New York’s […]

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IMF predicts deeper global recession due to coronavirus pandemic

© Reuters. FILE PHOTO: Empty street is seen near Lincoln Tunnel in Manhattan borough following the outbreak of coronavirus disease (COVID-19) in New York City WASHINGTON (Reuters) – The coronavirus pandemic is causing wider and deeper damage to economic activity than first thought, the International Monetary Fund said on Wednesday, prompting the institution to slash […]

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Wall Street bonus forecast not as dire as in May

With the economy slowly bouncing back from coronavirus quarantines, Wall Street bonus season is shaping up to be less of a nightmare and more of a very bad dream. The latest survey by compensation consultant Johnson Associates predicts that financial services pay will be slashed by 15 percent to 20 percent in 2020 — a […]

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42nd Street McDonald’s in Times Square is shuttering for good

McDonald’s is closing its four-story former flagship on West 42nd Street in Times Square, The Post has learned. Opened 17 years ago, the eatery — whose entryway is lit with 7,000 marquee light bulbs like a Broadway theater — was slated to serve its last Big Mac on Tuesday, company officials confirmed. A spokesman for […]

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Where Will We Pee When We’re Out in Our Half-Reopened States?

After two vodka lemonades drunk out of big paper cups on a street corner in Williamsburg in late May, my friend (who we’ll call Megan) really had to pee. The bar where we got the vodka lemonades was serving drinks from a makeshift takeout window, like lots of other places started doing during the pandemic. […]

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UK house prices to fall 5% this year, recover gradually: Reuters poll

3/3 © Reuters. A woman walks past houses on a street in Islington, London 2/3 By Jonathan Cable LONDON (Reuters) – British home prices will fall this year and won’t recover those losses until the end of 2022, a Reuters poll of property market analysts found, as high unemployment following the coronavirus pandemic saps demand. […]

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