Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
U.S. economy does not need a lot more stimulus: White House adviser
WASHINGTON (Reuters) - The U.S. economy appears to be entering a self-sustaining recovery and does not need a big dose of stimulus from another coronavirus relief bill, a top White House economic advi...
Aug 12, 2020
Fed’s Rosengren says now is the time to take strong fiscal actions
NEW YORK (Reuters) - Strong fiscal support is needed for the U.S. economy to rebound, but those policies must be paired with efforts to contain the virus, Boston Federal Reserve President Eric Rosengr...
Aug 12, 2020
Uber likely to shut down temporarily in California over new driver ruling: CNBC
By Ayanti Bera (Reuters) - Uber Technologies Inc would likely shut down temporarily in California for several months if a court does not overturn a recent ruling requiring it to classify its drivers a...
Aug 12, 2020
China’s Kingold Jewelry delisting from Nasdaq, shares plunge
BEIJING (Reuters) - China's Kingold Jewelry Inc fell by 27% on the Nasdaq stock exchange on Wednesday after the company said it would voluntarily delist its shares. The plunge means Kingold's Nasdaq-t...
Aug 12, 2020
Three of ten Americans laid off in coronavirus crisis worried about food, shelter: Reuters/Ipsos poll
By Chris Kahn NEW YORK (Reuters) - Three of 10 Americans who lost work during the coronavirus pandemic said they may have trouble paying for food or housing after a $600-per-week enhanced unemployment...
Aug 12, 2020
Goldman Sachs, Barclays among bidders for GM’s credit card business: WSJ
(Reuters) - Goldman Sachs Group Inc is looking to buy General Motors Co's credit card unit, which has about $3 billion in outstanding balances, the Wall Street Journal reported on Wednesday, citing pe...
Aug 12, 2020
Fed’s Rosengren says slowdown in economic activity likely to continue
(Reuters) - The slowdown in economic activity is likely to continue as states put more restrictions in place to control the virus, and the momentum to return to full employment could fade as consumers...
Aug 12, 2020
Exclusive: Venezuela wins grace period on China oil-for-loan deals, sources say
By Mayela Armas and Corina Pons CARACAS (Reuters) - Venezuela's government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that...
Aug 12, 2020
Moderna shares jump on $1.5 billion U.S. contract for COVID-19 vaccine
By Manas Mishra (Reuters) - Shares of Moderna Inc rose more than 5% on Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar ...
Aug 12, 2020
Tencent says U.S. executive order only affects WeChat, not its other businesses
SHANGHAI/HONG KONG (Reuters) - Tencent's chief financial officer said on Wednesday that the firm understood that the U.S. executive order was focused on its WeChat app in the United States and not on ...
Aug 12, 2020
