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Bitcoin ‘halving’: What does the highly hyped event mean?

Image copyright Getty Images Bitcoin has just gone through a very hyped adjustment that slowed down the rate at which new coins are being created. The world’s largest cryptocurrency so-called “halving” happens about every four years. The digital currency relies on so-called “miners,” who run software that competes to solve complex mathematical puzzles in return for Bitcoins. Monday’s halving event …

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Jeffrey Katzenberg blames pandemic for Quibis Rough Start

LOS ANGELES – Jeffrey Katzenberg has not left his Beverly Hills home in nearly 50 days. Deprived of a frenetic schedule that, before the coronavirus pandemic, usually meant three breakfast meetings, three lunch meetings and one working dinner, the veteran leader has filled his days with what he calls “Zoom-a-roo” video conferencing as he tries to reject Quibi, the streaming …

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Delta temporarily stops all flights to and from Oakland Airport

Delta will temporarily stop flying out of Oakland International, but will still offer service from San Francisco International Airport (pictured). Delta will temporarily stop flying out of Oakland International, but will still offer service from San Francisco International Airport (pictured). Photo: Chris McGinnis Delta will temporarily stop flying out of Oakland International, but will still offer service from San Francisco …

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Marriott CFO expects regional companies to come first

Regional destinations that guests can reach by car will be the first to recover, says the Marriott International chief financial officer Monday after the hotel giant reported much lower-than-expected results as restrictions on coronavirus reduction ravaged the travel industry. “We expect demand to come back first in car travel and leisure destinations,” Marriott CFO Leeny Oberg told CNBC’s Seema Mody. …

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Coronavirus effects lead Uber to dismiss 3,700 via Zoom

CLOSE Large companies including Starbucks, Uber, Facebook and Apple are stepping up to help healthcare professionals dealing with coronavirus pandemics. USA TODAY The new normal during the coronavirus pandemic means that you do your job from home to many. Turn the page? Jobs can be terminated remotely, as some 3,700 Uber employees were recently told via Zoom. Uber used the …

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Asian markets are falling as investors focus on new coronavirus outbreaks

BANGKOK (AP) – Shares fell on Tuesday in Asia as concerns over recent outbreaks of coronavirus cases overshadowed hopes of resuming economies. Japan’s Nikkei 225 rose 0.1%, while Hang Seng in Hong Kong fell 1.7%. The unfortunate start followed a mixed session on Wall Street, where gains in technology and warehousing in health care helped offset more common losses elsewhere. …

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Business Opening: Johnson County abolishes COVID-19 restrictions

With its dining halls dark for weeks during the COVID-19 crisis, Johnson County restaurants were focused on welcoming customers back on Monday. Employees wore masks, cleaners were on hand, disposable menus were available, and some tables and chairs had been removed to make it social. But where were the customers? Mondays are usually slower restaurant days and Mondays after Mother’s …

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What to know in the markets Tuesday

All eyes will be on the US economy Tuesday. The Consumer Price Index (CPI), an important measure of inflation, is expected to have declined 0.7% in April, further from a fall of 0.4% in March, according to economists Bloomberg. Excluding volatile foods and energy, the CPI probably fell 0.2%, down from a 0.1% decrease last month. “A large fall in …

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