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December 5, 2025
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Super Bowl’s return provides boost to hard-hit LA businesses

The Cheap Investor4 years ago4 years ago05 mins

LOS ANGELES (AP) — The return of the Super Bowl to the L.A. area after a nearly 30-,year absence is already a big victory for local small business owners like Kyndra McCrary. Her catering company got hired to provide food for performers working the Super Bowl, and for an NFL business networking event last week….

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AmEx to offer debit card that will accrue rewards points

The Cheap Investor4 years ago4 years ago03 mins

NEW YORK (AP) — American Express on Tuesday launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards. It’s a notable move for AmEx and the banking industry in general, since debit…

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EXPLAINER: What’s Russia’s Nord Stream 2 pipeline to Europe?

The Cheap Investor4 years ago4 years ago05 mins

FRANKFURT, Germany (AP) — U.S. President Joe Biden has threatened to block the Nord Stream 2 natural gas pipeline if Russia invades Ukraine. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. It has become a major target as Western governments try to deter a Russian…

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Gates, French Gates top list of biggest U.S. charity donors

The Cheap Investor4 years ago4 years ago05 mins

A handful of Americans donated at least $1 billion to charity last year, according to the Chronicle of Philanthropy’s annual ranking of the 50 Americans who gave the most to charity in 2021. Bill Gates and Melinda French Gates topped the list, pledging $15 billion to the Bill & Melinda Gates Foundation, a huge player in…

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US taste for imports drives 2021 trade gap to record $859B

The Cheap Investor4 years ago4 years ago02 mins

WASHINGTON (AP) — The U.S. trade deficit soared to a record $859.1 billion last year as Americans splurged on foreign-made electronics, toys and clothing during the economy’s unexpectedly robust recovery from a short but nasty 2020 pandemic-fueled recession. The trade gap — the difference between what the United States sells and what it buys from…

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Iran nuclear talks resume amid pressure for results

The Cheap Investor4 years ago4 years ago02 mins

VIENNA (AP) — Diplomats from Iran and world powers reconvened in Vienna on Tuesday to seek a deal reviving Tehran’s 2015 nuclear accord, with pressure mounting for results soon. Negotiators from Iran and the remaining parties to the agreement — Britain, France, Germany, Russia and China — got back to work after a break of…

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Spanish retiree fights digital bank divide, seeks human help

The Cheap Investor4 years ago4 years ago02 mins

MADRID (AP) — A Spanish retiree campaigning to keep in-person customer services at banks because he felt “left out” by the shift to online banking is handing government officials a petition with more than 610,000 signatures, amid a wave of national support for his cause. Carlos San Juan, 78, a retired doctor from Valencia in…

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Ukraine-Russia crisis: What to know about the fears of war

The Cheap Investor4 years ago4 years ago04 mins

BRUSSELS (AP) — A new day of high-level, high-stakes diplomacy beckons with European leaders striving to reinvigorate stalled peace talks between Russia and Ukraine, as Moscow and NATO allies put on a show of resolve by continuing to mobilize their forces. Here’s a look at what is happening where and why: AFTER MOSCOW, ALL EYES…

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Peloton co-founder steps down after rough ride

The Cheap Investor4 years ago4 years ago05 mins

Peloton is replacing its CEO, cutting jobs and reining in ambitious expansion plans after badly misjudging the staying power of the exercise-at-home trend that propelled its sales early in the pandemic. John Foley first pitched the idea for Peloton in 2011, hoping to disrupt the industry. He will give up the CEO position and become…

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EU’s chip production plan aims to ease dependency on Asia

The Cheap Investor4 years ago4 years ago03 mins

BRUSSELS (AP) — The European Union announced a $48 billion plan Tuesday to become a major semiconductor producer, seeking to curb its dependency on Asian markets for the component that powers everything from cars to hospital ventilators and game consoles. At a time when natural gas shortages and Europe’s reliance on Russia for energy shows…

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