Markets Now Thursday, April 11, 2024

Wall Street wants answers from big banks about the economy

Big banks kick off earnings season on Friday. There’s a lot riding on the line.  
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ietnam tycoon sentenced to death in $12 billion fraud case

A court in Vietnam sentenced real estate tycoon Truong My Lan Thursday to death over her role in a 304 trillion dong ($12.46 billion) financial fraud case, the country’s biggest on record, state media reported.  
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Dollar stores are shutting down across America. They did this to themselves

These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business.  
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ADL gives Harvard and a dozen other universities failing grades on campus antisemitism

The Anti-Defamation League has graded 85 American universities for their policies to protect Jewish students from antisemitism on campus. It gave Harvard and 12 other schools an “F.” Just two schools got an “A.”  
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California just hiked minimum wage for fast food workers. Some restaurants are replacing them with kiosks

California just raised the minimum wage for the state’s fast food sector workers by $4 to $20. As if on cue, it raised a familiar refrain that those workers would be replaced by technology, such as self-service kiosks.  
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Boeing won’t even consider moving HQ back to Seattle

Some Boeing critics argue it would better chances of fixing its problems if it returned to Seattle. But Boeing doesn’t want to hear anything about that idea.  
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Source: CNN Business