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FrontFundr Secures Regulation for Connecting Entrepreneurs and Investors Across Canada

FrontFundr | Release | Jun 10, 2020 The introduction of rule 45-505 represents a huge step forward for capital raising and investment crowdfunding from coast to coast TORONTO, June 10, 2020 (GLOBE NEWSWIRE) -- FrontFundr, Canada’s leading online investment platform for the private markets, recently announced the launch of Ontario Instrument 45-505. This new legislation

3 years ago

Europe's Just Eat Takeaway in advanced talks to buy U.S. delivery firm Grubhub

European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company by revenue.



3 years ago

S&P 500, Dow retreat as focus turns to Fed; Nasdaq hits fresh high

The S&P 500 and Dow slipped on Wednesday, as losses in financial stocks countered a boost from the technology sector, with focus now shifting to the Federal Reserve's first projections on the economy since the coronavirus outbreak.



3 years ago

J&J moves up start of coronavirus vaccine human trials to July

Johnson & Johnson moved up the start of human clinical trials for its experimental vaccine against the highly contagious coronavirus by two months to the second half of July, as the drugmaker rushes to develop a prevention for COVID-19, the company said on Wednesday.



3 years ago

U.S. attorney general group sues 26 dermatology drug makers

A group of attorneys general from U.S. states and territories sued 26 manufacturers of dermatology drugs on Wednesday, accusing them of price fixing and other violations of antitrust law, the third such lawsuit since 2016.



3 years ago

Many young adults bypassed for stimulus checks are now pushing to change that

When Congress enacted legislation to stem the financial distress caused by Covid-19, some dependents were shut out of receiving stimulus checks. Now, young adults are working to raise awareness and reverse that policy.

3 years ago

Fed sees GDP drop of 6.5% in 2020, pledges at least $120 billion in monthly bond-buying

The U.S. Federal Reserve on Wednesday signaled years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end.



3 years ago

Instant View: Fed sees GDP falling 6.5% in 2020, keeps rates at zero

The U.S. Federal Reserve on Wednesday signaled years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end.



3 years ago

S&P 500 turns positive as Fed pledges support

The S&P 500 turned positive on Wednesday after the Federal Reserve repeated its promise of support for the economy.



3 years ago

U.S. May deficit nearly doubles to $399 billion

The U.S. federal budget deficit in May nearly doubled to $399 billion from a year earlier amid continued strong spending on coronavirus relief programs and a 25% drop in receipts, the Treasury Department said on Wednesday.



3 years ago

Fed holds rates near zero — here's exactly what that means for your wallet

For consumers with good credit, historically low interest rates on mortgages and credit cards are an asset. But riskier borrowers are shut out of the relief.

3 years ago

Oil edges higher, even as U.S. inventory rise revives glut worries

Oil recovered its earlier losses on Wednesday, even as U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand.



3 years ago

Mnuchin says U.S. recovery has begun, will gain strength in third, fourth quarter

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the U.S. economy has already begun to rebound from the coronavirus pandemic and would "improve dramatically" in the third and fourth quarters.



3 years ago

ConcoPhillips CEO says surprised by swift recovery in oil prices

ConocoPhillips Chief Executive Officer Ryan Lance on Wednesday expressed surprise at the quick rebound in U.S. oil prices that slipped into the negative territory in April and said he expects prices to remain volatile in the near term.



3 years ago

Fed vows to support U.S. economy's 'long road' to recovery after dire 2020

The U.S. Federal Reserve on Wednesday signaled it would provide years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end.



3 years ago