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Pandemic rent control? Southern California landlords losing pricing power – OCRegister

The pandemic’s economic fallout has forced landlords to adjust rents for financially struggling exiting tenants and compete heavily on price to fill a suddenly …

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It took a virus, not political action, to prune the pricing power of California landlords.
The coronavirus has hammered the state economy, and the once rock-solid residential rental market has been especially hard hit. Data from the Consumer Price Index shows us that business limitations designed to slow the pandemics spread have dramatically changed consumer spending habits just as California voters will weigh a rent-control measure Nov. 3.
My trusty spreadsheet looked at three California met…

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Snap Stock Is Surging After Earnings. Here’s Why. – Barron’s

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Amid Covid-19 fears about softness in the advertising market, Snapchat parent
Snap
said that advertisers had begun to resume their spending on the platform, and in some cases increased spending. The result: Snap (ticker: SNAP) reported its second adjusted profit in the companys life as a public company, beating Wall Street sales expectations by over $100 million.Investors responded in the after-hours session, sending Snap stock surging 24% in premarket trading. If shares close Wednesdays session…

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PayPal Pledges to Bring Crypto to 26M Merchants, Confirming Market Entry – CoinDesk – CoinDesk

The New York Department of Financial Services license allows PayPal to offer cryptocurrency services through a partnership with Paxos.

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Crypto just got a shot at going mainstream in 2021. 

  • In a press release this morning, PayPal said buy, sell and hold features would be live within the next few weeks but some users, the features are already available.
  • PayPal’s implementation does not allow bitcoin or other tokens to be withdrawn. Once you buy or deposit, the service is your crypto bank until you sell.
  • Initially the service supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin
  • This is a developing story, stay tuned for updates with…

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SpaceX is rapidly growing its Internet satellite business – Fox Business

With an eventual public offering in mind, SpaceX is ramping up its Starlink Internet service, as it’s slated to launch another 60 satellites on Wednesday.

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With an eventual public offering in mind, SpaceX is ramping up its Starlink Internet service, as it’s slated to launch another 60 satellites on Wednesday.
The launch, according to a list from the Federal Aviation Administration, is slated to happen from Cape Canaveral, Fla. It will take place at 12:36 p.m. EDT on the company’s Falcon 9 rocket, according to SpaceflightNow.com.
On Sunday, SpaceX launched another group of 60 satellites, which the Hawthorne, Calif.-based company said will provide “high-speed…

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