China trims rate as Xi faces power bid and growth stalls
China’s central bank cut a key rate to 2.75 percent and added 400 billion yuan to lending as post virus headwinds and a real estate crackdown dampen growth ahead of Xi Jinping’s fall leadership bid. Wall Street rose modestly while energy and bonds moved on rate moves.
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China
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Fu Linghui
People’s Bank of China
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Capital Economics
Wall Street
U.S
Chevron
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New York State
Capital One
Visa
Costco
Moderna
Fed
National Bureau of Statistics
Evergrande Group
Shanghai
Starbucks seeks pause on union elections nationwide
Starbucks asked the NLRB to temporarily suspend all U S store union votes amid allegations of improper coordination between regional officials and union organizers. The request cites a St Louis office episode during a Kansas Overland Park store election and calls for in person voting with observers, broader investigations, and safeguards to prevent interference.
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Starbucks
National Labor Relations Board
U.S
NLRB
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Kansas
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St. Louis Labor Board
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Kayla Blade
Blade
Risa L. Lieberwitz
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Lieberwitz
Howard Schultz
Labor Board
Workers United
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