Gold hits record high as stocks retreat on global tensions
Wall Street pulls back for a second straight day with the S&P 500 down 0.6 percent and the Dow and Nasdaq also lower amid tensions between the United States and China. Gold hits a fresh all time high near $1,900 an ounce as investors seek safety. The week marks the first weekly loss in four for equities.
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Intel
Darden
Pulte Group
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Mike Zigmont
Harvest Volatility Management
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Poll finds nearly half of laid off workers fear permanent job loss
AP NORC poll shows 47 percent of Americans with prior job loss believe those positions may not return, signaling broad career shifts as layoffs persist. The survey notes economic strain, ongoing pandemic concerns, and partisan divides over relief, vaccines, and restrictions amid a stalled recovery.
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Associated Press-Norc Center For Public Affairs Research
Tonica Daley
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Goldman Sachs Malaysia reach $3.9B settlement in 1MDB case
Malaysia and U S prosecutors announced a 3.9 billion settlement with Goldman Sachs to drop criminal charges over bond sales for the 1MDB sovereign wealth fund. The deal ends allegations that Goldman Sachs aided billions stolen by associates of former Prime Minister Najib Razak, who faces related corruption trials.
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Malaysia
Goldman Sachs
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Najib
Goldman
McDonald’s to require masks in U S restaurants
McDonald’s announced a policy requiring customers to wear face coverings in U S restaurants starting August 1, with alternatives for those who refuse. The company will delay dining room re openings by 30 days and add protective panels at front and back to aid social distancing while implementing friendly expedited procedures for noncompliance.
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McDonald’s
U.S
Goldman executives face charges in Malaysia bond fraud case
The finance ministry said Goldman agreed to pay 2.5 billion dollars in cash and guaranteed Malaysia will receive at least 1.4 billion in proceeds from assets bought with the bond funds. The accusation notes 17 more former and current Goldman executives were charged last year for alleged roles in the fraud.
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Goldman
Finance Ministry
Malaysia
SEC
The
Associated Press
McDonald's Announces Customer Mask Requirement
McDonald's will require customers to wear face coverings in U S restaurants starting August 1 as virus cases surge. The policy affects 82 percent of locations in states with mask mandates and follows similar moves by Walmart Target Kohl's and Starbucks.
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McDonald's Corp
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Joe Erlinger
Mark Salebra
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