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LA mayor models wearing face mask to contain coronavirus spread

Los Angeles Mayor Eric Garcetti Wednesday urged local residents to wear non-medical or homemade masks during needed trips outdoors to minimize the spread of COVID-19.

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Stocks post worst quarter since 2008 financial crisis

The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, SP 500 and NASDAQ posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertain

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Equity Monday: Three funding rounds and a downturn

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week.If you missed Friday’s main episode, it was a fun one so take the time if you

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Telco metadata grab is for modelling COVID-19 spread, not tracking citizens, says EC

As part of its response to the public health emergency triggered by the COVID-19 pandemic, the European Commission has been leaning on Europe’s telcos to share aggregate location data on their

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Lime’s valuation, variable costs and diverging categories of on-demand companies

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.We’re wrapping the week with Lime, scooters and the divergence between Uber

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Microsoft Teams jets to 44M DAUs, announces new features as remote work booms

Update: The information that TechCrunch received ahead of this particular embargo wound up being dated. We’ve updated the post to reflect the latest. We previously noted a 32 million DAU figure,

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Google launches the next Android 11 developer preview

Google today announced the second developer preview of Android 11. Like the first preview, this one, too, is only meant for developers and isn’t available as an over t

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Zapier CEO Wade Foster on scaling a remote team up to 300 employees

When Zapier was founded in 2011, it was a side project for three friends from Missouri who wanted to make it easier to connect any one web app to another. Nine years, millions of users and around 300

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Equity Monday: Surprise IPOs, Briza’s $3M round, and are we worried about unicorn liquidity?

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Regular Equity episodes still drop Friday morning, so if you’ve listened to the sho

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U.S. Fed under pressure to cut rates amid COVID-19 concerns

The U.S. Federal Reserve is under pressure to lower interest rates in the next few months as the COVID-19 outbreak roiled global markets and posed downside risk to the U.S. economy, analysts said. "

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U.S. current monetary policy appropriate despite COVID-19 threat: Fed official

While the COVID-19 outbreak poses a threat to the U.S. economic growth, the current stance of monetary policy likely will remain appropriate, U.S. Federal Reserve Vice Chair Richard Clarida said Tue

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Wells Fargo to pay $3 bln to settle fake-accounts scandal

A Wells Fargo logo is seen in New York City, U.S., January 10, 2017. Stephanie Keith/Reuters Wells Fargo Co will pay three billion U.S. dollars to resolve criminal and civil probes into fraudu

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Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund

Esports, video games and the innovations that enable them now occupy a central space in the cultural and commercial fabric of the tech world.For the investment firm Bitkraft Esports Ventures, the surg

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U.S. Fed official says current federal funds rate appropriate

The U.S. economy is expected to grow at around 2 percent this year and current federal funds rate is "roughly appropriate," a senior Federal Reserve official said Tuesday. "It is my view that, based

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Death sentence upheld for high-profile doctor-killing case

The Higher People's Court of Beijing Municipality on Friday upheld the death sentence for Sun Wenbin, who was convicted of killing a doctor in a Beijing hospital where

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U.S., Taliban negotiate proposal for seven-day reduction in violence

U.S. Defense Secretary Mark Esper announced on Thursday that the United States and the Taliban have negotiated a proposal for a seven-day reduction in violence in Afghanistan. "We've said all along

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U.S. Fed Chair Powell signals rates on hold as economic risks remain

U.S. Federal Reserve Chair Jerome Powell on Tuesday signaled that the central bank would hold interest rates steady for now while the risks to the U.S. economic outlook remain. "The FOMC (Federal Op