Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. stock exchange field heats up as MEMX gets SEC nod
By John McCrank (Reuters) - Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Tuesday re...
May 05, 2020
UAW paves way for U.S. auto factory restart after FCA reveals reopening plans
By Ben Klayman DETROIT (Reuters) - The union that represents U.S. hourly workers at Detroit automakers gave its tacit approval on Tuesday for the companies to restart production amid the coronavirus p...
May 05, 2020
XPO Logistics jump 13% on cost-cutting, e-commerce growth
LOS ANGELES (Reuters) - XPO Logistics Inc shares jumped almost 13% on Tuesday after executives said its e-commerce fulfillment, returns and home delivery businesses are thriving during the novel coron...
May 05, 2020
U.S. household debt reached $14.3 trillion, credit standards tightened in first quarter
(Reuters) - American households added $155 billion of debt in the first quarter and overall debt levels rose to a new record at $14.30 trillion, the Federal Reserve Bank of New York said on Tuesday in...
May 05, 2020
U.S. bankruptcies fall in April, but commercial Chapter 11 filings rise
WASHINGTON (Reuters) - Overall U.S. bankruptcy filings fell in April compared to the year before, a possible sign the massive Federal Reserve and government response to the coronavirus pandemic may ha...
May 05, 2020
White House adviser expects U.S. unemployment rate for April to be ‘north of 16%’
WASHINGTON (Reuters) - White House economic adviser Kevin Hassett on Tuesday said he expects the U.S. unemployment rate was above 16% in April, as the coronavirus pandemic began to devastate the count...
May 05, 2020
Lloyds lends over 1 billion pounds on day one of new UK small business scheme
LONDON (Reuters) - Lloyds Banking Group said it lent more than 1 billion pounds ($1.24 billion) to small businesses on Monday, when a new 100% state-guaranteed loan scheme opened to help the smallest ...
May 05, 2020
U.S. Treasury to start distributing $4.8 billion in pandemic funds to tribal governments
WASHINGTON (Reuters) - The U.S. Treasury Department will begin distributing $4.8 billion in pandemic relief funds to Native American tribal governments in all U.S. states, the Treasury and Interior De...
May 05, 2020
Algorithm usage rises in choppy currency markets: JPMorgan report
By Saikat Chatterjee LONDON (Reuters) - Foreign exchange traders are increasingly turning to a new breed of algorithms that can execute transactions smoothly in volatile markets, according to a client...
May 05, 2020
German court ruling ties ECB’s hands – now and in the future
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - A landmark German court ruling will tie the European Central Bank's hands in fighting current and future crises even if rate-setters eventu...
May 05, 2020
