Money

French handbags, wine and cheese are on Trump’s tariff list as the fight over digital taxes escalates

France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions. The U.S. plans to announce further details in the long-running battle with France over taxes on technology giants …

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China flags another imported food as possible COVID-19 carrier

China said samples of imported shrimp tested positive for the coronavirus, raising questions again over whether the pathogen can spread through food or frozen products. The virus tested positive on both the inside and outside of the shrimp packaging, said China’s General Administration of Customs. The samples were from three Ecuadorian plants, and imports from …

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Everything we just learned about how Joe Biden would run the economy

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Former Vice President Joe Biden unveiled a sweeping $700 billion economic plan to bolster American manufacturing, jobs, and research on Thursday. The presumptive Democratic nominee’s spending agenda, which is a direct challenge to President …

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What is Dogecoin?

A bad investment! But also, more seriously, Dogecoin is a cryptocurrency that was developed as a joke at the end of 2013. The digital coin attracted an online community, largely drawn to its sheer ridiculousness. Dogecoin is based on an old Internet meme that became popular in 2013: Doge, an image of a quizzical Shiba …

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More stimulus checks? 156 economists urge Congress to pass a bill with ‘automatic triggers’ for more checks

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. As cases of the coronavirus spike in Southern and Western states, economists worry the recovery—which already has a long way to go—could get derailed in its infancy. That’s why a group of more than …

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Quibi says report that it lost 92% of early subscribers is ‘incorrect by an order of magnitude’

Quibi, the video startup founded by Hollywood mogul Jeffrey Katzenberg, said a report that it lost 92% of paying subscribers after their free trials expired is “incorrect by an order of magnitude.” The company said 5.6 million people downloaded the Quibi app and that it is “seeing excellent conversion to paid subscribers,” without saying how …

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