Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Yield curve control a ‘natural complement’ to some possible Fed tools, Clarida says
WASHINGTON (Reuters) - Yield curve control is a "natural complement" to some other tools the Federal Reserve might use to manage long-term interest rates, Fed Vice Chair Richard Clarida said on Thursd...
May 21, 2020
Facebook’s Zuckerberg embraces more permanent remote work
SAN FRANCISCO (Reuters) - Facebook Inc will shift toward more permanently embracing remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg told employees in a publicly broa...
May 21, 2020
Americans splurge at Walmart, Target as stimulus checks kick in
By Aishwarya Venugopal (Reuters) - The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everythin...
May 21, 2020
Kudlow says no need for more unemployment aid even as election looms
(Reuters) - U.S. White House economic adviser Larry Kudlow on Thursday dismissed the idea of extending unemployment benefits even as he acknowledged that nation's unemployment rate could still be in d...
May 21, 2020
Turkey says export of dairy products to China will resume
ANKARA (Reuters) - Turkey's exports of milk and other dairy products to China will resume, Trade Minister Ruhsar Pekcan said on Thursday, and added that 54 Turkish companies will be able to export to ...
May 21, 2020
Atlantic Media cuts nearly 20% of jobs in U.S. as pandemic cripples events business
By Arriana McLymore NEW YORK (Reuters) - Atlantic Media, the owner of The Atlantic magazine, announced Thursday the publication is cutting nearly 20% of the its staff as the coronavirus pandemic devas...
May 21, 2020
Nigeria’s economy to contract by 8.9% this year in worst case: finance minister
By Felix Onuah ABUJA (Reuters) - Nigeria's economy could shrink as much as 8.9% in 2020 in a worst case scenario without stimulus, Finance Minister Zainab Ahmed said on Thursday, a deeper recession th...
May 21, 2020
U.S. sees progress with China over farm products under Phase 1 trade deal
WASHINGTON (Reuters) - The United States on Thursday said it saw positive signs with Beijing over agricultural products as part of the Phase 1 trade agreement, saying certain U.S. farm products could ...
May 21, 2020
U.S. insurers propose taxpayer-funded business-loss coverage for future pandemics
By Suzanne Barlyn (Reuters) - With U.S. insurance companies facing criticism and lawsuits over their response to the coronavirus outbreak, three industry groups on Thursday proposed putting the U.S. F...
May 21, 2020
Fed’s Clarida says actions so far have bought time for economy
WASHINGTON (Reuters) - The Federal Reserve's actions so far have helped buy time for the U.S. economy through looser financial conditions, though that could be threatened if the coronavirus pandemic a...
May 21, 2020
