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Posts From CNBC

JPMorgan tells small business customers to apply with other banks on fear that funds will run out

Small business customers have complained that banks, including JPMorgan, have been slow to process applications for the PPP.

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Short sellers make nearly $300 million betting against retail investors’ favorite oil fund

Bearish bets against the United States Oil Fund, which trades under USO, increased as crude prices tumbled.

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Independent contractors may find less money in their unemployment checks

Jobless Americans who get the bulk of their income from contract work or self-employment, but also have a side gig, could end up getting smaller unemployment checks from their state

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Young investors rush into struggling oil ETF that isn’t even tracking the price of oil anymore

Traders on Robinhood and SoFi Invest rushed to buy the United States Oil ETF, which crashed this week and has lost more than 80% of its value this year.

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Oil jumps 25%, extending Wednesday’s rally as traders bet on US production cuts

Oil prices jumped again on Thursday as the Street hopes for ongoing production cuts in the face of a coronavirus-induced demand loss.

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Stocks making the biggest moves in the premarket: Target, Eli Lilly, Hershey, Blackstone, Gap & more

The stocks making the biggest moves in premarket trading include Target, Eli Lilly, Hershey, Blackstone, Gap, and more.

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China’s cash-strapped poor seek more debt as coronavirus hits job prospects

Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn.

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Fintech firms race to plug gaps in UK’s coronavirus relief measures

Alternative lenders say they can provide support to small businesses more quickly than their larger competitors.

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Recession depth will be much worse than 2007-2009, economic forecaster Lakshman Achuthan warns

The Economic Cycle Research Institute’s Lakshman Achuthan warns the coronavirus pandemic is hitting the U.S. economy harder than the financial crisis.

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Stocks making the biggest moves after hours: CSX, Las Vegas Sands, Netgear and more

Check out the companies making headlines after the bell.

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