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Powell's white-collar world led to Fed pivot for blue-collar jobs (Reuters) - Raised in a white-collar Washington suburb, a product of prep schools, elite colleges and the 1% world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class. FILE PHOTO: U.S. Federal ...
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Why Does Walmart Want TikTok? Looking to China May Explain Walmart's late entry this week into the scramble to buy TikTok's U.S. operations left some people with a question. Two questions, actually: Walmart? Really? But the proposed teaming up of the giant retailer and Microsoft to run the video app in the United ...
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US big tech dominates stock market after monster rally, leaving investors on edge BOSTON, MA.(Reuters) - U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled ...
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UPDATE 2-Indian rupee posts biggest weekly gain in 20 months as RBI stands aside (Updates with milestones, quotes, closing level). By Swati Bhat. MUMBAI, Aug 28 (Reuters) - The Indian rupee rose its highest level in nearly six months on Friday, gaining for a third straight session, with traders saying the central bank refrained from currency ...
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Long-Term Ride Review: Zero's SR/S Electric Motorcycle Raises The Bar Again On desktop computers, use 'Command +' to enlarge the photos. The leather-clad rider on the rumbling V-Twin in the lane next to me at the red light leaned over a bit and took a closer look at Zero SR/S, and then locked eyes. "Electric?" he asked, with more ...
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Oil lower as US producers, refiners avoid worst of storm LONDON (Reuters) - Oil prices fell on Friday as storm Laura raced inland past the heart of the U.S. oil industry in Louisiana and Texas without causing any widespread damage to refineries. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas U.S. ...
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Apple and Tesla split their shares, but does it matter? NEW YORK (Reuters) - Shares of Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) will be less costly on Monday as pre-announced stock splits take effect, in theory making them more accessible to retail investors, but as more brokers offer fractional shares, some ...
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UPDATE 2-Kenya Airways losses deepen, expects more challenges ahead (Adds details, background). By George Obulutsa. NAIROBI, Aug 28 (Reuters) - Kenya Airways expects its full-year 2020 revenues to drop by between 60 billion shillings ($555.30 million) and 70 billion shillings, higher than its previous estimate, its chief ...
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UPDATE 1-China's BoCom bank Jan-June profit drops 14.6%, first H1 profit fall since listing ... * BoCom's H1 profit 36.5 bln yuan vs 42.75 bln yuan year-ago. * Bad loans rise. * NIM 1.53 pct end-June vs 1.55 pct end March (Adds details). BEIJING/SHANGHAI, Aug 28 (Reuters) - Bank of Communications Co Ltd, China's sixth-largest bank by assets, ...
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Weaker German consumer morale casts some doubt on strong recovery BERLIN (Reuters) - German consumer morale worsened heading into September, casting some doubt on whether household spending in Europe's largest economy is powerful enough to drive a strong recovery from the COVID-19 shock, a survey showed on ...
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September Expires 12 Cents Higher as Laura Clouds LNG Demand Outlook Natural gas futures skyrocketed Thursday, even as Hurricane Laura struck a key natural gas export terminal when it slammed the Gulf Coast overnight and threw into question a recovery in liquefied natural gas (LNG) demand. With production still curtailed ...
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SoftBank gets even more defensive with new $14 billion asset sale Hong Kong (CNN Business) One of the world's biggest tech investors is raising billions more in cash by selling assets in a bid to protect itself from possible future waves of the coronavirus pandemic. Masayoshi Son's SoftBank Group said Friday that it is selling ...
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FDA Approves New Rapid COVID-19 Diagnostic Test THURSDAY, Aug. 27, 2020 (HealthDay News) -- The first rapid COVID-19 test that does not need any special computer equipment to produce results was approved by the U.S. Food and Drug Administration on Wednesday. Made by Abbott Laboratories, the ...
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Ulta Beauty stock soars 16% after company's Q2 sales beat; online sales surge Ulta Beauty Inc. ULTA, +1.44% shares rose more than 16% in the extended session Thursday after the retailer reported second-quarter adjusted profit well above Wall Street expectations and said its online sales had tripled. Ulta earned $8.1 million, or 14 ...
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A Look Inside The Huge NBC Sports And PointsBet Gambling Deal PointsBet has long contended it would be a major player in the US sports betting scene. That narrative got a big boost on Thursday. The Australian-based online gambling company announced a multi-year partnership with NBCUniversal. PointsBet becomes ...
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Amazon hands Mercedes-Benz its biggest electric vehicle order to date By Katie Fehrenbacher. August 28, 2020. Mercedes-Benz electric delivery van. Amazon. Close Authorship. German auto giant Mercedes-Benz announced its largest order of electric vehicles to date Friday: 1,800 electric delivery vans for retail giant Amazon to ...
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Amsterdam's Schiphol Airport cuts hundreds of jobs THE HAGUE, Netherlands (AP) — Amsterdam's Schiphol Airport announced Friday that it will cut hundreds of jobs as it warned that air traffic likely will not return to pre-coronavirus pandemic levels until 2023-25. The busy aviation hub slumped to a net loss of ...
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Aston Martin's DB5 Junior is designed for James Bond enthusiasts of all ages Aston Martin unveiled a replica of its DB5 that's designed for kids and adults to drive. The British automaker teamed up with the Little Car Company to produce the limited edition DB5 Junior – an electric, 1963-inspired ride for James Bond enthusiasts of all ...
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VW ID.4 electric crossover will be aimed at RAV4 and CR-V shoppers, not Tesla crowd Volkswagen has been clear about its aims for its generation of affordable electric vehicles, denoted by names starting with "ID" and underpinned by the automaker's flexible, modular MEB architecture: Electric cars for millions, not millionaires. So it shouldn't ...
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NIO Inc. Announces Proposed Offering of 75000000 American Depositary Shares Email Print Friendly Share. August 27, 2020 18:23 ET | Source: NIO. SHANGHAI, China, Aug. 27, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO) ("NIO" or the "Company"), a pioneer in China's premium smart electric vehicle market, today announced the ...
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Illinois Solar Tour Goes Virtual: Champaign Featured Champaign – Champaign will feature among the 30 solar homes and businesses across the state participating in this year's Illinois Solar Tour, which will give thousands of Illinois residents an up-close virtual look at the world's fastest growing source of ...
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Allegiant Air adding Boston flights to Sarasota-Bradenton airport Allegiant Air is adding new service between Sarasota-Bradenton International Airport and Boston despite a global pandemic that has caused airlines to make unprecedented cuts. Seasonal service to Boston Logan International Airport is scheduled to begin ...
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Gold Price Today: Futures inch higher tracking global cues, spot prices dip Prices of gold futures on the Multi Commodity Exchange of India (MCX) were trading higher on Friday taking cues from their benchmark peers on the US. At 2:47 pm, gold contract for October delivery was trading at Rs 51,302.00 per 10 grams, up Rs 400.00 or ...
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Statistics Canada to release GDP figures for June, second quarter OTTAWA -- Statistics Canada will report this morning how the national economy fared in the second quarter of 2020, which is widely expected to show the steepest drop on record due to the COVID-19 pandemic. The country's central bank has forecast that ...
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Get back to work: UK government to tell millions of Brits to return to offices The UK government is preparing to launch a campaign to coax workers back to offices as businesses in deserted City centres struggle to remain afloat during the Covid-19 crisis. The strategy, dubbed "All in, all together", will inform the public of how to return ...
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REVIEW: Hands On With The New Land Rover Defender Love it or hate it, you can't knock it until you try it. Our review of the new Land Rover Defender is finally here in all its reimagined glory. The undisputed king of off-road driving for more than half a century – from cattle-stations to war zones and every country ...
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A pair of Black-led banks have merged to form an institution worth more than $1 billion A pair of Black-led banks on opposite coasts are joining forces to become the largest minority-owned depository institution in the United States, according to FDIC data. City First Bank and Broadway Federal Bank announced their merger on Wednesday.
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Crow sells 4.7M SF of industrial space, including a Fort Worth property Crow Holdings announced Aug. 27 that funds managed by Crow Holdings Capital, its real estate investment management company, have completed the sale of an eight-property industrial portfolio comprised of 15 buildings and totaling 4.7 million square feet ...
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Barracuda researchers highlight spike in ransomware attacks amidst Covid-19 Barracuda Networks, the cloud-enabled security solutions provider, highlights the spike in ransomware attacks against the backdrop of the Covid-19 pandemic and remote working scenario. Get access to premium Portfolio content for 14 days. Start my free ...
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What caused California's rolling blackouts? Regulators look for answers California regulators plan to publish an analysis in the coming weeks about how California arrived at its worst power supply shortage in 19 years during the recent heat wave. "The reality is that it is not helpful to speculate on the root cause until we have a ...
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Cottage Health opens new Urgent Care Center in Santa Maria SANTA MARIA, Calif. - Cottage Health announced that it has opened a new Cottage Urgent Care Center in Santa Maria. The new center is located at 1846 North Broadway and is the third of 10 Cottage Urgent Care facilities scheduled to open to patients from ...
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