U.S. economy will start to rebound in second half of 2020, Fed’s Kaplan says
The U.S. economy will experience a “significant, historic” contraction in the second quarter before it starts to rebound, and unemployment will remain elevated at the...
Exclusive: U.S. to allow companies to work with Huawei on 5G standards – sources
The United States will amend its prohibitions on U.S. companies doing business with China’s Huawei [HWT.UL] to allow them to work together in standards setting...
Amazon says CEO Bezos willing to testify before U.S. Congress
Amazon.com Inc said on Monday its founder and Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S....
Mnuchin will discuss PPP oversight with Congress after criticism
U.S. Treasury Secretary Steven Mnuchin said on Monday he would talk to Congress about proper oversight of $660 billion in small business economic relief, after...
Exclusive: BlackRock injects $18 billion into European firms during pandemic – source
The world’s biggest asset manager BlackRock has pumped about 16 billion euros ($18 billion) into 810 European companies since the end of January, more than...
U.S. crude drops as coronavirus cases spike globally
Oil prices fell on Monday as new coronavirus infections hit the United States and China, feeding worries that renewed lockdowns could hamper economic recovery and...
Fed launches long-awaited Main Street lending program
The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, launching arguably the most...
Explainer: How Fed’s Main Street program compares to other small business pandemic aid
The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic....
Stocks, oil slide on fears of second pandemic
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more...
Amazon CEO Jeff Bezos is willing to testify before congress: letter
Amazon Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of antitrust law by big tech firms, according to...