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3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs

Maryland Gov. Larry HoganChip Somodevilla | Getty Images News | Getty ImagesAround 3.7 million Americans will be affected by states' early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data.In the past month, 25 states have announced plans to end pandemic-era benefits ahead of

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Banks can now sell Mallya’s Rs 5,646 cr properties, securities

A State Bank of India-led consortium can now move to sell certain real estate properties and securities belonged to Vijay Mallya to recover unpaid loans, after a court lifted the claim of the Enforcement Directorate on the assets it had seized. The assets including several floors of the UB City

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Software start-up Celonis quadruples valuation to $11 billion in new funding round

Celonis co-founders Bastian Nominacher, Alexander Rinke and Martin Klenk.CelonisLONDON — Enterprise software firm Celonis on Wednesday said it had raised $1 billion in a new round of funding, valuing the company at an eye-watering $11 billion.The new investment was co-led by Durable Capital Partners and T. Rowe Price Associates,

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Coinbase rival Kraken launches mobile app in U.S. to capitalize on crypto surge

Less than two months after Coinbase's stock market debut, rival crypto exchange Kraken is bringing its mobile app to the U.S. as retail investors flock to digital currencies. Starting Wednesday, the new Kraken App will allow many users across the U.S. to securely buy and sell more than 50 crypto

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Banks, asset managers want RBI to allow sale of fraud loans to ARC

Increasing instances of fraud have led top banks and asset managers to seek central bank nod to allow the sale of such accounts to asset reconstruction companies (ARCs), something the banking regulator currently prohibits. These stakeholders also want ARCs to be granted indemnity from any prosecution arising out of a

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Alternative investments platform Yieldstreet raises $100 million amid pandemic growth

Yieldstreet co-founders Milind Mehere (L) and Michael WeiszSource: YieldstreetAlternative investments platform Yieldstreet — which is aiming to democratize private investing opportunities historically reserved for the top 1% — announced Wednesday a $100 million series C funding round.For the last six years, Yieldstreet has been giving its users access to a

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Stocks making the biggest moves in the premarket: AMC Entertainment, Lands’ End, Ambarella & more

Take a look at some of the biggest movers in the premarket:AMC Entertainment (AMC) – AMC surged 23.7% in premarket trading following yesterday's 22.7% jump. That came after the movie theater operator raised more than $230 million in a share sale to hedge fund Mudrick Capital, which is said

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U.S. Treasury Secretary Yellen and China’s vice premier talk about cooperation and economic recovery

The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019.Aly Song | ReutersBEIJING — China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first

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