A breakdown in talks between the White House and top Democrats in Congress over how to help tens of millions of Americans suffering in the coronavirus pandemic entered a fifth day on Wednesday, with neither side ready to resume negotiations.
REUTERS: Shares of Moderna Inc rose more than 5per cent on Wednesday after analysts said a US$1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries. The United States and Moderna announced the agreement for 100 million doses of ...
WASHINGTON: U.S. consumer prices rose more than expected in July, with a measure of underlying inflation increasing by the most in 29-1/2 years amid broad gains in the costs of goods and services. The report from the Labor Department on Wednesday, however, probably does not mark the start of...
Uber Technologies Inc would likely shut down temporarily in California for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CNBC reported on Wednesday.
WASHINGTON: US Treasury Secretary Steven Mnuchin said on Wednesday (Aug 12) that the White House and top Democrats in Congress may not be able to reach a deal on coronavirus aid, in the fifth day without talks on the stalemate blocking relief to tens of millions of Americans. Mnuchin, who...
Three of 10 Americans who lost work during the coronavirus pandemic said they may have trouble paying for food or housing after a US$600-per-week enhanced unemployment payment expired last month, according to a Reuters/Ipsos poll released on Wednesday.
Goldman Sachs Group Inc is looking to buy General Motors Co's credit card unit, which has about US$3 billion in outstanding balances, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
SEATTLE: Microsoft on Wednesday (Aug 12) said the Surface Duo, its dual-screen smartphone powered by Alphabet Inc's Android operating system, will start at a price of US$1,399 and arrive in stores beginning Sep 10. The Surface Duo folds closed like a book. Unlike devices such as Samsung ...
The slowdown in economic activity is likely to continue as states put more restrictions in place to control the virus, and the momentum to return to full employment could fade as consumers remain cautious, Boston Federal Reserve President Eric Rosengren said Wednesday.
U.S. consumer prices increased more than expected in July, but high unemployment is likely to keep inflation under control, allowing the Federal Reserve to continue pumping money into the economy to aid the recovery from the COVID-19 recession.
