WASHINGTON, DC: Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May. The report from the Labor...
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.
The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.
Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.
Layoffs in the United States fell in April, but remained the second highest on record, while hiring hit an all-time low, suggesting the labor market could take years to recover from the COVID-19 crisis despite a surprise rebound in employment in May.
Boeing Co deliveries worsened even further in May compared to April as the coronavirus pandemic's crushing impact on airlines added to a year of crisis following the grounding of its 737 MAX planes, company data showed on Tuesday.
The Federal Communications Commission (FCC) on Tuesday voted unanimously to propose a record-setting US$225 million fine against Texas-based health insurance telemarketers for allegedly making approximately 1 billion illegally spoofed robocalls.
REUTERS: Shares of online used car seller Vroom Inc soared nearly 83per cent in their market debut on Tuesday, as the U.S. IPO market roars back to life after the coronavirus crisis slammed the brakes on new listings. Shares opened at US$40.25, giving the company a market value of...
The U.S. Federal Communications Commission voted on Tuesday to adopt auction procedures to provide up to US$16 billion to areas that lack broadband service, including nearly six million unserved rural homes and businesses.
