It will be a while before the U.S. economy is fully recovered and before the Federal Reserve will raise interest rates or remove the support it is providing financial markets, Atlanta Federal Reserve Bank President Raphael Bostic said on Monday.
Verizon said on Monday it has struck deals with Microsoft and Nokia to improve the telecoms giant's ability to target business customers by offering clients the ability to automate factory floors, lower costs and speed up data traffic through private 5G networks.
Investors are once again chasing upside in shares of tech companies after a sharp sell-off in US equities last month.
OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices.
Iranian-American businessman Farhad Azima has accused a pair of Indian companies of stealing his emails and publishing them to the web, according to a lawsuit filed in federal court in North Carolina.
Former ABC network executive Channing Dungey will take over as chairwoman of Warner Bros. Television Group, the AT&T Inc unit said on Monday, replacing veteran television executive Peter Roth, who will step down next year.
The White House is "cautiously optimistic" that Democratic House of Representatives Speaker Nancy Pelosi may be moving toward making a deal on a new coronavirus stimulus bill, a spokeswoman said on Monday.
A plan by the Securities and Exchange Commission (SEC) to lift the reporting threshold for a minimum of assets under management from US$100 million to US$3.5 billion has been soundly rejected by the public, according to Goldman Sachs.
Technology companies led by their founders have been the standout winners in share price performance and profit growth this year, beating companies led by other managers, according to a Reuters analysis.
In any development of a cross-border digital currency, it is more important for the United States "to get it right than be first," U.S. Federal Reserve Chair Jerome Powell said on Monday.
