Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Brazil president, economy minister warn of collapse, food shortages
By Marcela Ayres and Lisandra Paraguassu BRASILIA (Reuters) - Brazil's president and economy minister warned on Thursday that Latin America's largest economy is on the verge of collapse, underlining t...
May 07, 2020
U.S. cryptocurrency investor sues suburban NYC teen for $71.4 million over alleged swindle
By Jonathan Stempel NEW YORK (Reuters) - A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cy...
May 07, 2020
Tesla’s Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism
By Tina Bellon (Reuters) - Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company's planned Roadster sports car would take a backseat to the development ...
May 07, 2020
Renault suspends production in Normandy after a COVID-19 linked court order
PARIS (Reuters) - Renault has suspended production at one of its French factories, following a court order criticizing the way the carmaker told unions about its increased protective measures put in p...
May 07, 2020
FDA withdraws approval of some mask makers in China to sell in U.S
(Reuters) - The U.S. Food and Drug Administration on Thursday announced that it has canceled the approval for some manufacturers in China to sell N95 respirators in the United States, as they failed t...
May 07, 2020
As U.S. states start to reopen, Fed official sees little sign of resurgence
By Howard Schneider (Reuters) - Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace, Atlanta Federal Reserve Bank President Rapha...
May 07, 2020
Beijing opens financial markets further amid tension with Washington
SHANGHAI (Reuters) - China finalised rules on Thursday that would scrap quotas under two major inbound investment schemes, giving qualified foreign institutions unlimited access to Chinese stocks and ...
May 07, 2020
Richmond Fed’s Barkin: U.S. probably ‘right at’ trough of downturn
WASHINGTON (Reuters) - The U.S. is probably "right at" the trough of the downturn, Richmond Federal Reserve president Thomas Barkin said on the eve of what will likely be a dramatic jump in the unempl...
May 07, 2020
F1 considering new venues as first quarter revenues slump
By Alan Baldwin LONDON (Reuters) - Formula One could race at circuits not on the current calendar as it seeks to rev up a 2020 season stalled by the COVID-19 pandemic and against a backdrop of plungin...
May 07, 2020
Stay-at-home stocks lift Nasdaq into gain for 2020
By Noel Randewich (Reuters) - The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pan...
May 07, 2020
