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Deutsche Bank hit with $150 million penalty for relationship to sex offender Jeffrey Epstein

A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York.Mark Kauzlarich | Bloomberg | Getty ImagesNew York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty "for significant compliance failures" in the bank's dealings with accused child sex trafficker Jeffrey Epstein, a now-dead investor,…

What Beer Sales Tell Us About The Recession

Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here. Timothy A. Clary/AFP via Getty Images Timothy A. Clary/AFP via Getty Images Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it's still losing market share. That's because the economics of…

Microsoft exec Peggy Johnson joins troubled augmented reality start-up Magic Leap as CEO

Peggy Johnson, executive vice president of business development at Microsoft, speaks during the Wall Street Journal D.Live global technology conference in Laguna Beach, Calif., on Oct. 17, 2017.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft executive Peggy Johnson will join Magic Leap as CEO in August, the start-up announced Tuesday.Johnson joins the augmented reality start-up after…

Stock market live updates: Dow drops 160, reopen trades falter, tech relative strength

Stocks making the biggest moves midday: Novavax, Shake Shack and moreNovavax — The biotech stock soared 29% after the company announced that it was awarded $1.6 billion in funding from the federal government to help develop its Covid-19 vaccine candidate.Shake Shack — Shares of the restaurant chain fell more than 5% after the company announced its sales numbers for the…

Comcast’s Peacock streaming strategy targets free users, cord cutters

Matt Strauss. Comcast This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. NBCUniversal's flagship streaming service, Peacock, lands nationally on July 15, with a free tier and two subscription plans.Peacock chairman Matt Strauss said its Spotify-like freemium model is even more relevant amid the global pandemic, as economic…
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Deutsche Bank hit with $150 million penalty for relationship to sex offender Jeffrey Epstein

A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York.Mark Kauzlarich | Bloomberg | Getty ImagesNew York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty "for significant compliance failures" in the bank's dealings with accused child sex trafficker Jeffrey Epstein, a now-dead investor,…

What Beer Sales Tell Us About The Recession

Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here. Timothy A. Clary/AFP via Getty Images Timothy A. Clary/AFP via Getty Images Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it's still losing market share. That's because the economics of…

Microsoft exec Peggy Johnson joins troubled augmented reality start-up Magic Leap as CEO

Peggy Johnson, executive vice president of business development at Microsoft, speaks during the Wall Street Journal D.Live global technology conference in Laguna Beach, Calif., on Oct. 17, 2017.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft executive Peggy Johnson will join Magic Leap as CEO in August, the start-up announced Tuesday.Johnson joins the augmented reality start-up after…

Stock market live updates: Dow drops 160, reopen trades falter, tech relative strength

Stocks making the biggest moves midday: Novavax, Shake Shack and moreNovavax — The biotech stock soared 29% after the company announced that it was awarded $1.6 billion in funding from the federal government to help develop its Covid-19 vaccine candidate.Shake Shack — Shares of the restaurant chain fell more than 5% after the company announced its sales numbers for the…

China To End Lockdown Of Most Of Coronavirus-Hit Hubei Province

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

Italy records 683 coronavirus deaths in a day

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

The race to save jobs: European governments step in to pay wages

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

Covid-19: UK ramps up testing by 500% as health minister tests positive for virus

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

I make my own masks at home: Cashiers brave the front line in virus-wracked France

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

UN urges prisoner releases to stem spread of coronavirus

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

French court releases Malian singer Traore, but backs extradition in custody case

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...

Spain overtakes China’s coronavirus toll with 3,434 deaths

A supermarket worker was spat at by a customer attempting to stockpile Pot Noodles while another was told: "I hope you get...
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Deutsche Bank hit with $150 million penalty for relationship to sex offender Jeffrey Epstein

A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York.Mark Kauzlarich | Bloomberg | Getty ImagesNew York state financial regulators said Tuesday that they have slapped Deutsche Bank with a $150 million penalty "for significant compliance failures" in the bank's dealings with accused child sex trafficker Jeffrey Epstein, a now-dead investor,…

What Beer Sales Tell Us About The Recession

Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here. Timothy A. Clary/AFP via Getty Images Timothy A. Clary/AFP via Getty Images Craft beer sales are surging at stores, but craft breweries are still struggling. Cheap beer is surging, but it's still losing market share. That's because the economics of…

Microsoft exec Peggy Johnson joins troubled augmented reality start-up Magic Leap as CEO

Peggy Johnson, executive vice president of business development at Microsoft, speaks during the Wall Street Journal D.Live global technology conference in Laguna Beach, Calif., on Oct. 17, 2017.Patrick T. Fallon | Bloomberg | Getty ImagesMicrosoft executive Peggy Johnson will join Magic Leap as CEO in August, the start-up announced Tuesday.Johnson joins the augmented reality start-up after…
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