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Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

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The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

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Stock Market Rallies Amid Stimulus News; PayPal, Tesla Near New Buy Points – Investor’s Business Daily

The stock market reversed higher amid stimulus news Thursday. Chipotle Mexican Grill, PayPal and Tesla are approaching new buy points.

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Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.
*Real-time prices by Nasdaq Last Sale. Realtime quote and/or trade prices are…

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PayPal in Talks to Buy Crypto Firms Including BitGo – Bloomberg

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Meet NextEra, America’s most valuable energy firm – The Economist

The clean-energy utility has surpassed ExxonMobil in market capitalisaion—and shows no signs of slowing

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TO MANY INVESTORS, backing an American oil company looks only slightly shrewder than stuffing cash in a blender. Facing covid-19 and old concerns over low returns, the industry is scrambling to boost efficiency. On October 19th ConocoPhillips said it would pay $9.7bn for Concho Resources, a Texan fracking firm. The next day two other frackers, Pioneer Natural Resources and Parsley Energy, announced a $4.5bn tie-up. Across the sector, oilmen are vowing to put profits before growth. How about a firm…

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