White House sees red state/blue state divide in post-coronavirus economic recovery
A top White House economic adviser on Friday predicted an “increasing divergence” between states controlled by Republican governors and those led by Democrats, saying Republican...
U.S. consumer confidence rises; COVID-19, unemployment shadow lingers
U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not...
U.S. consumer sentiment rises in early June
U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of...
Oil heads for weekly loss on coronavirus resurgence fears
Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, raising the prospect of...
World shares stem losses as fresh lockdown fears fade
Global equity markets bounced back on Friday as investors took in stride the U.S. Federal Reserve’s outlook for a long road to recovery and bet...
Wall Street rises after biggest pullback since March
Wall Street’s main indexes rose on Friday, after a steep decline in the previous session, but were still on track for their worst week in...
U.S. regulator sides with FCA in Jeep trade case against Mahindra
A U.S. regulator ruled that India’s Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles NV’s (FCA) Jeep brand, barring...
Fed sees ‘persistent fragilities’ for households and businesses: Fed report
The Federal Reserve expects U.S. household finances and business balance sheets to grapple with “persistent fragilities” as a result of the shock to economic activity...
Anti-China group urges Trump administration to block Chinese companies from U.S. markets: document
An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial...
After jolt, investors still see stocks as long-term bet
An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising U.S. stocks....