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BRUSSELS, Aug 14 (Reuters)The euro zone’s trade surplus with the rest of the world jumped in June to 21.2 billion euros ($25 billion) as the bloc’s drop in imports of goods outpaced the fall of exports amid a global decline in the trade due to the COVID-19 pandemic.

The bloc also experienced in the second quarter of 2020 its worst drop in employment ever recorded, the European Union’s statistics agency Eurostat said.

It also confirmed the record fall of the bloc’s gross domestic product in the second quarter, which fell by 12.1% compared to the first three months of the year .

Eurostat said on Friday the June trade surplus was higher than that posted a year earlier when the bloc had a positive balance of 19.4 billion euros. The reading also largely beat market expectations of a 12.6

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Here are five things you must know for Friday, Aug. 14:

1. — Stock Futures Fall as Stimulus Hopes Fade

Stock futures pointed to a weaker start for Wall Street Friday as investors continued to monitor the stalemate between lawmakers on further fiscal stimulus and looked ahead to retail sales data for signs of recovery from U.S. consumers.

Weaker-than-expected economic data from China, which included a surprise decline in retail sales for July, added to the cautious trading.

Contracts linked to the Dow Jones Industrial Average fell 189 points, S&P 500 futures declined 14 points and Nasdaq futures slumped 14 points.

The S&P 500 finished Thursday at 3,373.43, down 0.2%, but at one point during the session rose above its all-time close of 3,386.15 set in mid-February.

The Dow declined 80.12 points, or 0.3%, to 27,896.72, while the Nasdaq rose 0.3%.

House Speaker Nancy Pelosi said Thursday that Democratic lawmakers

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Maran Capital recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund returned approximately 5.4% net in the second quarter and approximately -13.1% for year-to-date. Over the past three years, Maran Partners Fund is up 28% net while the Russell 2000 total return index is up just 6% during the same period. You should check out Maran Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Maran Capital highlighted a few stocks and Turning Point Brands Inc. (NYSE:TPB) is one of them. Turning Point Brands Inc. (NYSE:TPB) is a tobacco company. Year-to-date, Turning Point Brands Inc. (NYSE:TPB) stock gained 3.3% and on August 12th it had a closing price of $29.97. Here is what Maran Capital said:

“Turning Point Brands is once again a core top-five

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If you’re in the process of refinancing your mortgage, you may end up paying more than you expected.

Fannie Mae
FNMA,
+1.89%

and Freddie Mac
FMCC,
+1.91%

announced Wednesday evening that they will now be charging a 0.5% adverse market fee on all refinances, including both cash-out and non-cash-out refis. The new fee goes into effect Sept. 1.

“As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new Market Condition Credit Fee in Price,” Freddie Mac said in a notice to lenders.

The Federal Housing Finance Agency, which regulates Fannie and Freddie, said the two government-sponsored enterprises “requested, and were granted, permission from FHFA to place an adverse market fee on mortgage refinance acquisitions.”

Fannie and Freddie are not lenders themselves — instead, they purchase loans from lenders, package them into mortgage-backed securities and then sell those securities

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Thanks to feedback from associates, JM Family was once again named one of the Best Workplaces for Millennials

Deerfield Beach, Fla., Aug. 13, 2020 (GLOBE NEWSWIRE) — Great Place to Work and FORTUNE have honored JM Family Enterprises, Inc. as one of the 2020 Best Workplaces for Millennials. The diversified automotive corporation took the No. 49 spot on the list, and is one of only two large companies based in South Florida to be featured.

“We are honored to once again be recognized because of the positive feedback from our millennial associates,” said Carmen Johnson, executive vice president of Human Resources and Legal. “At JM Family, it is in our DNA to continuously strive toward improvement while remaining true to our celebrated culture. We regularly survey our associates and seek out ways to fulfill their needs, so it is gratifying to know that we are moving the needle in the

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Stock benchmarks were cutting early declines midday Thursday, as first-time claims for unemployment benefits receded much more rapidly than anticipated, but investors appeared somewhat hesitant to push stocks much further near records amid a stalemate over a fresh coronavirus aid package.

What are major benchmarks doing?

The Dow Jones Industrial Average
DJIA,
-0.17%

traded 38 points, 0.1%, lower, near 27,939, while the S&P 500
SPX,
+0.08%

added about 4 points, or 0.1%, to trade near 3,385. The Nasdaq Composite
COMP,
+0.89%

rose 99 points, or 0.9%, trading near 11,111.

The Dow on Wednesday rose 289.93 points, or 1.1%, to finish at 27,976.84, while the S&P advanced 46.66 points, or 1.4%, to close at 3,380.35, less than 0.2% below its record finish of 3,386.15 on Feb. 19. The large-cap benchmark traded as high as 3,387.89 in late trade. The Nasdaq Composite jumped 229.42 points, or 2.1%, finishing at 11,012.24.

What’s driving
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