The U.S. economic recovery showed signs of plateauing last week as the country battled rising coronavirus case counts and an increasingly fractured government response, according to data from a broad set of industry and government sources.
The S&P 500 dipped from a five-week high on Thursday, pulled lower by Microsoft Corp and Apple Inc , as concerns about the economic toll from rising coronavirus cases were heightened by data showing elevated levels of unemployment claims.
A senior Bridgewater Associates LP executive was only making a guess that former employees used trade secrets to compete against the world's largest hedge fund firm, according to an arbitration ruling made public on Thursday that rejected the firm's claim.
White House economic adviser Larry Kudlow told reporters such a move would be a better option than a ban on the app, which was threatened by State Department Secretary Mike Pompeo against the company earlier this month.
Negative U.S. interest rates could be the norm next year and all through to 2023 if fed funds futures are any indication. Or it could just be traders hedging their bets.
The National Defense Authorization Act, which sets policy for the U.S. Defense Department, is one of the only major bills to reliably pass Congress and be signed into law every year.
The Federal Bureau of Investigation is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the social media platform.
The U.S. Federal Bureau of Investigation is leading a federal inquiry into the Twitter hacking, two sources familiar with the situation said, after hackers seized control of accounts belonging to Joe Biden, Kim Kardashian and others in what appeared to be a bitcoin scam.
Twitter Inc said on Thursday it is delaying the launch of its new Application Programming Interface (API) following the recent hack of several high-profile accounts.
U.S. retail sales rose more than expected in June as consumers bought big-ticket items like motor vehicles and dined out, but a resurgence in new COVID-19 cases is chipping at the budding recovery, keeping 32 million Americans on unemployment benefits.
