Can you trust your mobile payment app?

By Liz Weston | NerdWallet Money transfer apps including Venmo, Cash App and PayPal have surged in popularity during the pandemic as people seek safe, contactless ways to send and receive money. Unfortunately, many people don’t understand the limitations of these payment platforms or how they can put someone’s finances at risk. Like over-the-counter medicines, […]

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Chicago homicides and shootings rise sharply in 2020

Homicides and shootings have surged in Chicago during the first seven months of the year By The Associated Press August 1, 2020, 4:39 PM 2 min read Share to FacebookShare to TwitterEmail this article CHICAGO — Homicides and shootings have surged in Chicago during the first seven months of the year. From Jan. 1 through […]

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Coronavirus uncertainty pushes gold to record price, over $1,930 per oz

The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic. It added 2% percent after breaking its 2011 record high price on Friday, when it closed at […]

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Virus prompts drastic measures in Texas as death toll grows

The spread of the coronavirus surged unabated in hot spots around the U.S. on Thursday, with one city in South Carolina urging people to pray it into submission, a hospital in Texas bringing in military medical personnel and funeral morgues running out of space in Phoenix. Record numbers of cases and deaths were popping up […]

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Los Angeles in ‘dangerous phase’ as virus cases surge

Coronavirus cases have surged to record levels in the Los Angeles area, putting the nation’s largest county in “an alarming and dangerous phase” that if not reversed could overwhelm intensive care units and usher in more sweeping closures, health officials said Wednesday. The situation is so uncertain organizers of the 2021 Rose Parade in Pasadena […]

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US hiring surged to record high in May as businesses reopen

US hiring surged to a record high in May and layoffs declined as businesses reopened, but the signs of improvement in the labor market have been overshadowed by a resurgence in COVID-19 cases that has forced some enterprises to shut down again. The Labor Department said on Tuesday in its monthly Job Openings and Labor […]

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Gold prices highest since 2012 as US dollar stumbles

Gold prices surged to their highest since October 2012 on Tuesday, driven by a weakness in the US dollar and widespread monetary stimulus packages by central banks as a jump in coronavirus cases dents the economic outlook. Spot gold climbed 0.7 percent, to $1,767 per ounce, in the early afternoon, having hit $1,768.96, its highest […]

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Democrat Dingell compares Biden poll surge to Clinton in 2016: ‘I don’t believe these numbers’

Former Vice President Joe Biden has surged ahead of President Trump by a substantial margin in recent polls, but two Democrats from the key swing state of Michigan are not convinced that it means anything. Rep. Debbie Dingell and Gov. Gretchen Whitmer reportedly warned voters not to take the recent numbers for granted, noting that a […]

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One Big Difference About George Floyd Protests: Many White Faces

As crowds have surged through American cities to protest the killing of George Floyd, one of the striking differences from years past has been the sheer number of white people. From Minneapolis to Washington, D.C., marchers noticed the change, and wondered what it meant that so many white Americans were showing up for the cause […]

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Lyft shares surge 25 percent amid vows to slash costs

Lyft shares surged more than 25 percent after the ride-sharing giant posted higher-than-expected revenue and vowed to slash costs in order to achieve profitability. The San Francisco-based rival to Uber reported first-quarter revenue of $955.7 million, up 23 percent year-over-year and well above analyst expectations of $884.7 million. It lost $1.31 per share, or $398.1 […]

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Australian retail sales surge record 8.2% in March: ABS

SYDNEY (Reuters) – Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred panic buying of food and other staples, completely outweighing a dive in demand for clothing and eating out. The Australian Bureau of Statistics on Wednesday reported its preliminary estimate of retail sales jumped 8.2% […]

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Florida among slowest states to process unemployment claims

As unemployment surged during the early weeks of the coronavirus outbreak in the U.S., Florida ranked at or near the bottom of all states in its speed of processing those claims, federal data shows. The state is already among the most inhospitable places to be unemployed, and the economic downturn has only added to the […]

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Florida slowest state in US to process unemployment claims

As unemployment surged during the early weeks of the coronavirus outbreak in the U.S., Florida processed its hundreds of thousands of new claims more slowly than any other state, according to federal data. The state is already among the most inhospitable places to be unemployed, and the economic downturn has only added to the misery. […]

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Tesla shares jolted up nearly 30 percent in two days thanks to stock upgrade

Shares of Tesla surged 13 percent on Tuesday after Credit Suisse upgraded its rating on the electric-car maker and as Wall Street rallied on optimism the coronavirus outbreak was reaching a plateau. The stock has jumped nearly 30 percent in the past two days as investors look beyond disruptions caused by the pandemic, which has […]

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Rural Indiana virus worry: ‘What more could I have done?’

The coronavirus pandemic surged into Sean Durbin’s farm-speckled Indiana county much faster than most other parts of rural America, contributing to at least 10 deaths and dozens of serious illnesses. Decatur County and two other counties in southeast Indiana have among the highest per-capita infection rates in the country, topping the Seattle area and some […]

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Kroger’s sales jump 30% as shoppers stock up amid coronavirus crisis

Kroger comparable sales surged about 30 percent in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1 billion to boost its cash reserve as it prepared for any fallout from the health crisis. The Cincinnati, Ohio-based company’s shares rose about 5 percent after the supermarket chain also […]

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Italy’s coronavirus cases see largest daily jump; death toll tops 1,800

The number of coronavirus cases in Italy surged higher Sunday, with the nation described as the pandemic’s epicenter in Europe recording over 3,500 cases in its largest single-day increase of infections to date. Italy’s Civil Protection chief Angelo Borrelli announced the 3,590 new COVID-19 cases topped the previous day’s increase by nearly 100. The total number of […]

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US consumer spending slowed in January while incomes jumped

Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose By CHRISTOPHER RUGABER AP Economics Writer February 28, 2020, 2:36 PM 2 min read WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, […]

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