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FOREX-Dollar weaker on chances for more Fed easing, anti-virus drug trial ... * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E. * Central banks set theme for currencies. * Euro steady as traders eye ECB meeting. * Antipodean currencies continue gains. By Stanley White. TOKYO, April 30 (Reuters) - The dollar nursed losses on ...
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PRECIOUS-Gold eases as coronavirus treatment hopes bolster risk appetite (Adds comments, details and updates prices) * U.S. Fed keeps interest rates near zero * Asian stocks jump to seven-week highs * ECB policy decision due later on Thursday * For an interactive graphic tracking the global spread, open tmsnrt.rs/3aIRuz7 in an ...
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Gold hoarding investors avert coronavirus demand collapse- WGC By Peter Hobson LONDON, April 30 (Reuters) - Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the first three tumultuous months of 2020, the ...
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'A historic shock.' It's like India stopped using any energy London (CNN Business) Global energy use has been dealt such a huge blow by the coronavirus pandemic that it's like wiping out demand from all of India, a country of 1.3 billion people and the world's third biggest consumer. That's according to the ...
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China's Manufacturing Weaker in April as Virus Hurts Exports BEIJING — China's manufacturing activity weakened in April as the coronavirus pandemic clobbered global consumer demand, hampering Beijing's efforts to revive the world's second-largest economy, two surveys showed Thursday. China became the first ...
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How to maximize your rewards strategy with the American Express trifecta Paying bills and making regular purchases with a credit card instead of cash or debit (and then paying off the balance before it accrues interest), is a great way to earn rewards points and cash back on nearly every dollar you spend. But when you factor in ...
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Loss of Ford project won't slow work at Rivian in Normal, company says NORMAL — Rivian Automotive is pushing forward at its plant in west Normal despite Ford canceling a joint project to build a Lincoln-branded electric vehicle. Ford, which invested $500 million in the electric vehicle company last year, cited concerns of a ...
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Fed chief Powell says Congress and central bank will likely have to spend more to ensure robust recovery Federal Reserve Chairman Jerome Powell said the trillions of dollars spent to support the U.S. economy in the wake of the coronavirus pandemic will likely not be enough if there is to be a robust recovery. "I would say that it may well be the case that the ...
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US Could Store Another 'Several Hundred Million' Barrels of Oil: Mnuchin WASHINGTON — President Donald Trump on Wednesday said his administration will soon release a plan to help U.S. oil companies, which Treasury Secretary Steven Mnuchin said could include adding millions of barrels of oil to already-teeming national ...
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ViacomCBS CEO Bob Bakish Says Post-Merger 'Streamlining' Continues Amid Rumors Of Impending Layoffs As rumors of impending layoffs continue to swirl around ViacomCBS, CEO Bob Bakish sent a memo to employees saying the company is continuing "to integrate and streamline our operations, manage our costs as diligently as we can, and follow through on ...
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Juul Labs Plans to Cut Roughly a Third of Its Workers Juul Labs Inc. is planning to cut around a third of its staff as it grapples with falling e-cigarette market share and regulatory crackdowns, according to people familiar with the matter. The San Francisco company will cut between 800 and 950 of its staff as part of ...
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Proxy Advisory Firms Urge Dine Brands Investors to Reject Activist's IHOP Plan BOSTON — Two influential proxy advisory firms said Dine Brands Global Inc shareholders should reject a proposal to spin off its IHOP pancake house chain in a rebuke to activist investment firm JCP Investment Partnership which proposed the plan.
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Lime reportedly plans to lay off as many as 100 employees Lime is planning to lay off between 80 and 100 of its workers, according to Axios, an indication the company has run into financial troubles during the global COVID-19 pandemic. Lime did not respond to a request for comment for this story. Bloomberg also ...
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Anthem profit beats on IngenioRx strength; backs 2020 earnings forecast (Reuters) - Anthem Inc (ANTM.N) beat quarterly estimates for revenue on Wednesday, helped by the launch of pharmacy benefits business IngenioRx and as more people opted for its health plans. FILE PHOTO: The logo for health insurance provider, Anthem ...
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Pending Home Sales Tumble More Than 20% in March as Coronavirus Shuts Down Industry The traditional "spring buying season" for homes may be a bust this year for traditional realtors, Redfin (NASDAQ: RDFN), Zillow Group (NASDAQ: Z)(NASDAQ: ZG), and others, according to March data released Wednesday morning by the National ...
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SEC Investigates China's Luckin Coffee Over Accounting Scandal WASHINGTON—The Securities and Exchange Commission is investigating Luckin Coffee Inc.'s disclosure that some of its employees cooked its books last year, according to people familiar with the matter. Luckin announced April 2 that some employees, ...
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Tesla pushes its Semi back yet again, this time to 2021 Well, it looks like it will be a while longer before we see one of the Tesla Semis trying to smuggle illegal beer from Texas to Atlanta. Tesla. Don't expect any all-electric remakes of Smokey and the Bandit or Convoy featuring Tesla's Semi anytime soon, because ...
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USAA steps up with $1 million donation to Food Bank via TV stations' campaign "We have historically supported the food bank because we know it's an important mission here in San Antonio," USAA CEO Wayne Peacock told KABB. "During this time of the pandemic, we have a health crisis, but we have financial crisis going on here as ...
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Atlanta-based UPS expands 'drone airline' route — to Florida retirement community ATLANTA — UPS is sending its drone airline on a new route in the battle against Covid-19. United Parcel Service Inc. said its subsidiary UPS Flight Forward will use drones to deliver prescription medicine from a CVS pharmacy to The Villages retirement ...
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Many US workers laid off due to COVID-19 might make more money with unemployment benefits WASHINGTON, D.C. — Roughly half of all laid-off workers in the United States could reportedly make more money in unemployment benefits than they did at their job prior to the coronavirus pandemic. The outbreak of COVID-19 shut down a wide swath of ...
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Cartoon: The Big Fat Indian Wedding An explanatory note: Amidst the infernal tidings that the pandemic brings, Facebook has invested around 6 billion dollars into a heavily-indebted Indian telco. The special thing about this telco? It's owned by Mukesh Ambani, Asia's richest man and a friend of ...
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Louisville farmers markets will open during the COVID-19 pandemic. Here's your 2020 guide Spring is in full force, which means it's finally farmers market season. But what does that look like in a world where the coronavirus pandemic has brought "social distancing" and a "Healthy at Home" initiative to the forefront of our culture? It means that while ...
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Judge orders end to Utah man's sale of silver as virus cure SALT LAKE CITY (AP) — A federal judge ordered a Utah man to stop selling silver products marketed as cures for the coronavirus. U.S. District Judge David Barlow issued a temporary restraining order Wednesday against 60-year-old Gordon Pedersen and ...
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Seattle's Paine Field To Begin Screening Passengers Seattle's Paine Field (PAE) has implemented fever detection systems for passengers as of April 29th. The method is non-invasive and non-contact. Passengers will be screened prior to entering the security checkpoint.
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