Business and finance news from Guardian US
Business
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Melvin Capital Management had bet on failure of store before small investors sent shares soaring
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Company announces sales for last three months of 2020 totalled $111.4bn, fueled largely by release of latest iPhones
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Bank decided last year to cut executive pay after settling investigation into corruption scandal
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Some 5,000 workers in Bessemer, Alabama, to vote in landmark effort and mail ballots used in similar votes because of coronavirus
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In depth
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Employers are alleged to be leveraging coronavirus-induced unemployment to mount an assault on collective bargaining
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The ebullient founder of Alibaba embarrassed China’s leaders and went missing. Now he’s back, but seems far less outspoken
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Tribes and environmentalists hail decision to cancel Keystone XL pipeline but call on president to go further
Around the world
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The UK’s Civil Aviation Authority will certify the plane separately
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Financial body says UK growth in 2021 will be lower than earlier forecasts, while global recovery will be stronger
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UK overseas territories such as Cayman Islands also may lose protection once afforded by UK’s EU membership
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Bank of France chief claims ‘50 British entities’ have moved over the Channel, while Dublin, Amsterdam and Frankfurt have also benefited
Featured topics
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JP Morgan boss rakes in salary, bonus and restricted stock in 2020 after saying in 2019 that income inequality was a ‘huge problem’
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