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How the First 2020 Presidential Debate Might Impact the Stock Market

  • A strong debate performance from either President Donald Trump or Democratic challenger Joe Biden could have an impact on market performance
  • Effect may be focused on individual sectors rather than the market as a whole
  • Historically, presidential debate have done little to change the direction of the market
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Democrats Propose $2.2 Trillion Stimulus Bill, With New PPP Aid Targeted at Restaurants and Theaters

  • Following indications that they would be willing to reduce the price tag of the HEROES Act passed in May, Democrats update the bill to put before the House
  • $2.2 trillion would include stimulus checks, enhanced unemployment benefits, funding for state and local governments, and an improved PPP program with targeted relief to restaurants and theaters
  • A vote on the measure may come later this week, but it is unclear if it will pass muster with Republicans
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European Oil Companies Look to Offshore Wind as American Firms Double Down on Oil

  • European oil companies take the lead in American offshore wind projects as American firms take different tack to try to reduce carbon emissions
  • Wind investments part of efforts to have net zero carbon emissions by 2050
  • Large-scale engineering expertise and other experience helps prepare oil companies for pivot to wind farms
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Small Businesses Worry That Social Distancing Might Harm Their Survival Chances, Survey Finds

  • Over half of small and medium-sized business owners say they worry that social distancing guidelines will reduce their chances of survival
  • Business owners grow more optimistic about outlook despite drop in revenue
  • Survey also finds that remote work has mixed effect on workforce
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Christmas Could Come Early for Retailers as Customers Get a Jump on Shopping

  • Retailers see early interest from consumers in holiday shopping, but warn that last-minute shoppers may miss out due to supply chain disruptions
  • One study suggests that people got a jump on their shopping largely due to pandemic-related boredom
  • Holiday spending likely to increase from 2019 due to more expenditures by high-income shoppers
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How Storytelling Can Set Your Company Up For Long-Term Success

  • Guy Raz, host of several NPR program How I Built This, discusses how storytelling is a powerful tool for entrepreneurs
  • Raz’s new book collects advices from numerous entrepreneurs whose stories he has shared on the show
  • In discussion with Forbes contributor, Raz says storytelling is a powerful way to connect with various audiences and improve a brand’s chances of success
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Connecticut Nonprofits Struggle to Maintain Services and Staff During COVID-19

  • Report finds that two-thirds of Connecticut nonprofits have not been able to hold fundraising activities during the COVID-19 pandemic and one in five are unsure if they can meet payroll beyond three months
  • Nonprofits have been cutting services and furloughing staff due to revenue shortfalls
  • Despite uncertainties, majority of respondents think they are doing well enough to recover if the pandemic does not worsen
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Reassessing Your Finances When Reopening Your Business

  • Businesses reopening after coronavirus-related shutdowns often face reduced revenues and an uncertain future
  • Negotiating expenses, improving your liquidity, and others steps to consider to readjust your expenses
  • Now can be a good time to make a significant change to your business model or make a strategic investment
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Connecticut Proceeds With Phase 3 of Reopening, But Bars and Nightclubs Will Remain Closed

  • Phase 3 of Connecticut’s reopening plan, set to begin Oct. 8, will increase capacities at restaurants and businesses while performing arts venues can reopen at 50 percent capacity
  • Indoor bars and nightclubs, which likely contributed to spikes in COVID-19 cases after reopening in other states, will remain closed despite being included in original Phase 3 reopening plan
  • Seasonal move away from outdoor dining, low COVID-19 infection rate contribute to decision
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Mnuchin and Powell Voice Support for Small Business Loans as COVID-19 Relief Negotiations Resume

  • Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell say small business loans and jobless aid should be priorities for Congress
  • Partisan disagreements have stymied efforts for a new round of COVID-19 relief as Congress’s October recess approaches
  • Mnuchin and House Speaker Nancy Pelosi resume negotiations as Democrats reportedly prepare new proposal if a compromise is not reached by the end of the week
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