WASHINGTON (Reuters) – Mother’s Day during the coronavirus pandemic meant an uptick in sales for Lee’s Flower and Card Shop in Washington, D.C. FILE PHOTO: Lee’s Flower Shop, one of the oldest businesses in D.C.’s U Street neighborhood, posts signs on its windows ahead of another night of protests against George Floyd’s death in Minneapolis
Business
FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton NEW YORK (Reuters) – A lawyer representing a former Morgan Stanley (MS.N) diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client’s budget for promoting diversity and financial education by
CHICAGO (Reuters) – For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains. Partially assembled Motorola mobile phones are seen in undated screen shots from a software
FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch (Reuters) – Tesla Inc (TSLA.O) has signed a three-year pricing deal with Japan’s Panasonic Corp (6752.T) relating to the manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada, the electric
(Reuters) – U.S. stock index futures jumped on Tuesday on hopes that aggressive fiscal and monetary stimulus would kick start an economy crushed by the COVID-19 pandemic, with investors also expecting a record rebound in May retail sales. A trader adjusts his mask as he works on the floor of the New York Stock Exchange
NEW YORK (Reuters) – The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the U.S. central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in
LONDON (Reuters) – Fears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. FILE PHOTO: A street cleaning operative walks past the London Stock Exchange Group building in the City
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday. “A more
NEW YORK (Reuters) – As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally. FILE PHOTO: Pedestrians walk past the New York Stock Exchange as the building opens for the first time since
(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the death in Minneapolis police custody
(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online
FILE PHOTO: A logo of the American car rental company Hertz is seen at Bordeaux Airport in Merignac, Southwestern France, February 4, 2016. REUTERS/Regis Duvignau/File Photo (Reuters) – A bankruptcy judge on Friday approved Hertz Global Holdings Inc’s proposal to sell up to $1 billion in shares, as the car rental firm looks to cash
NEW YORK (Reuters) – Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. All three major U.S. stock indexes lost well over 5%, posting their worst one-day percentage drops since March 16, when markets were sent into freefall by
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song BEIJING (Reuters) – China and the United States should resume timely communication on trade and other issues, a former senior Chinese official said on Thursday, stressing that
NEW YORK (Reuters) – The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure that interest rates remain near zero for some time. FILE PHOTO: A bank employee counts US dollar notes in this file photo from May 16,
FRANKFURT (Reuters) – U.S. activist investor Cerberus is calling on Commerzbank (CBKG.DE) to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy, as it battles to make a success of a big bet on German banks. FILE PHOTO: A company logo is pictured at the headquarters of Germany’s
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