Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Oil prices slip as surging COVID-19 cases overshadow vaccine hopes
By Yuka Obayashi TOKYO (Reuters) - U.S. crude futures fell in early trade on Thursday, giving up some of gains from the previous day as surging COVID-19 cases and widening lockdowns raised fears over ...
Nov 18, 2020
Trump Fed nominee Shelton faces more difficult road to confirmation
(Reuters) - Judy Shelton, Republican President Donald Trump's contentious pick to fill a vacant seat at the Federal Reserve, faced a more difficult road to confirmation as the U.S. Senate adjourned on...
Nov 18, 2020
Dollar squeezed as virus drives easing expectations
By Tom Westbrook SYDNEY (Reuters) - The dollar nursed losses after five sessions of decline and the yen held on to most of its recent gains on Thursday, as investors worried about rising coronavirus d...
Nov 18, 2020
Asian shares fall as fresh outbreaks overshadow vaccine progress
By Chibuike Oguh NEW YORK (Reuters) - Asian stocks followed Wall Street's sharp selloff on Thursday as concerns about rising coronavirus infections and new shutdowns in major U.S. cities hosed down ea...
Nov 18, 2020
Key U.S. Commerce Dept official involved in China policy resigning
By Karen Freifeld (Reuters) - Cordell Hull, a high-ranking official at the U.S. Department of Commerce who helped craft U.S. policies on exports to China, said he was leaving in early December. Hull l...
Nov 18, 2020
Rivian CEO eyes smaller electric vehicles for China, Europe
By Ben Klayman and Paul Lienert DETROIT (Reuters) - Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor Co , on Wednesday said it plans to follow up its first two products, a ful...
Nov 18, 2020
Starbucks to hike employee pay 10% or more on Dec. 14: memo
(Reuters) - Starbucks Corp will hike pay for baristas, shift supervisors and cafe attendants by at least 10% effective Dec. 14, according to an internal memo seen by Reuters. The wage increase, first ...
Nov 18, 2020
Hedge funds sold Moderna, BioNtech shares before vaccine news
By Svea Herbst-Bayliss BOSTON (Reuters) - A number of hedge funds sold positions in two drug companies leading the race to a coronavirus vaccine in the quarter before both announced breakthroughs that...
Nov 18, 2020
U.S., South Korean business groups urge trade, 5G cooperation between their governments
WASHINGTON (Reuters) - U.S. and South Korean business groups on Wednesday called for the United States to eliminate President Donald Trump's national security tariffs on steel, aluminum and other prod...
Nov 18, 2020
Tesla surges for second day ahead of S&P 500 debut
By Noel Randewich (Reuters) - Shares of Tesla surged 10% to end near a record high on Wednesday, extending a two day rally after it was announced the electric car maker will join the S&P 500. The Cali...
Nov 18, 2020
