Markets Now

American companies are draining their cash at the dumbest possible time

Companies are sitting on a lot less cash than they were last year, largely because they’re spending it on share buybacks and corporate dividends.  
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India's stock market is hitting record highs. Here's why

India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy.  
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Costco is cracking down on sharing membership cards

Since Costco has expanded self-checkout, the company has noticed that non-members have been sneaking in to use membership cards that don’t belong to them.  
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Shein sent American influencers to China. Social media users are furious

A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews.  
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Why airline delays and cancellations are so bad: It's not just the weather

Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. But storms were only one factor behind the travel nightmare. Staffing shortages, at both US airlines and the Federal Aviation Administration’s air traffic control operations, took a bad situation and made it worse.  
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Fraudsters likely stole over $200 billion in Covid relief aid, watchdog says

The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog.  
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Source: CNN Business