Hundreds of billions of dollars in unused funds from a US$2.3 trillion coronavirus aid package could be reallocated to help U.S. households and businesses, Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin said on Thursday.
WalMart and Oracle's bid to buy the popular short video app TikTok is under heavy scrutiny, U.S. President Donald Trump's economic adviser Larry Kudlow said on Thursday, adding that it was unclear how the Chinese government would weigh in on the deal.
U.S. Senate Commerce Committee chaired by Republican Senator Roger Wicker plans to issue subpoenas to the chief executives of Twitter, Alphabet's Google and Facebook to testify at a hearing on Oct. 1.
Danske Bank helped Deutsche Bank facilitate suspicious trades worth over US$600 million through its branch in Lithuania between 2012 and 2015, Danish media outlets reported on Thursday.
Wall Street opened lower on Thursday as a surprise increase in weekly jobless claims signaled that a labor market recovery was cooling and that more fiscal support would be necessary to avoid another round of mass layoffs and furloughs.
Airbus is set to reaffirm its main aircraft production rates, despite warnings that the coronavirus crisis will be deeper and longer than first expected, industry sources told Reuters on Thursday.
Alphabet Inc's YouTube would start showing text and links from third-party fact-checkers under videos that discuss mail-in ballots, as part of efforts to curb misinformation on the site ahead of the U.S. election in November.
The chairman of the U.S. Securities and Exchange Commission on Thursday said special purpose acquisition companies (SPACS) offer "healthy competition" to traditional public offerings, but only when sponsors and investors have access to adequate disclosures.
President Donald Trump, looking to shore up support in the U.S. Farm Belt during a tight race for re-election, is taking steps to help producers of corn-based ethanol using a list of policy goals that a group of Midwest senators discussed with him a year ago, according to two...
Wall Street opened lower on Thursday as a surprise increase in weekly jobless claims signaled that a labor market recovery was cooling and that more fiscal support would be necessary to avoid another round of mass layoffs and furloughs.
