Stock prices and bond yields fell in relatively light trading on Friday as investors reacted to dwindling aid for the U.S. economy and rising coronavirus infection rates. The Dow Jones…
Category: Business
Treasury’s Fed funding clawback will not ‘hamstring’ new administration: official
U.S. Treasury Secretary Steven Mnuchin’s decision to claw back funds from Federal Reserve coronavirus lending programs will not “hamstring” the next Treasury secretary because the move will leave nearly $600…
Dial back’ or ’emergency brake?’ New lockdowns and the U.S. economy
The surge in new COVID-19 infections is driving a fresh wave of restrictions in cities and counties across the United States. California’s “emergency brake,” Oregon’s “freeze,” Philadelphia’s “safer at home”…
White House’s Kudlow says he does not think U.S. economy is slowing down
The U.S. economy does not appear to be slowing down and a targeted coronavirus relief package is all that is warranted, White House economic adviser Larry Kudlow told Fox News…
Johnson & Johnson ordered to pay $120 million damages in New York baby powder case
Johnson & Johnson has been ordered by a New York state judge to pay $120 million in damages to a Brooklyn woman and her husband, after she blamed her cancer…
Top FCA, PSA investors tighten grip as merger approaches
Top shareholders in merging carmakers Fiat Chrysler (FCA) and Peugeot maker PSA have moved to tighten their grip on the combined business and head off any potential hostile bidders. A…
Bitcoin climbs to three-year peak, all-time high in focus
Bitcoin BTC=BTSP rose to a nearly three-year high on Friday, as investors continued to scoop the virtual currency on expectations it could well exceed its all-time peak of just under…