An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from U.S. financial markets, as the White House…
Category: Business
Fed’s Barkin says some jobs lost during crisis will not come back
Richmond Federal Reserve Bank President Tom Barkin he fears the coronavirus pandemic could have effects that last beyond the next couple of months and that some of the jobs lost…
U.S. consumer sentiment rises in early June
U.S. consumer sentiment perked up in early June as households responded to the reopening of businesses, which had been shuttered to slow the spread of COVID-19, and a rebound in…
Robinhood users’ favorite stocks roar back after selloff
Shares of airlines, cruise lines and other companies that have been popular with investors on the Robinhood trading app shot higher on Friday, a day after stocks suffered their worst…
American Airlines expects to halt cash burn by year-end, shares jump
American Airlines Group Inc (AAL.O) said on Friday it expects to halt its daily cash burn by the end of 2020 thanks to cost-cutting measures and an improvement in travel…
‘Persistent fragilities’ ahead for households and businesses
The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central…
China’s Tencent Music reports passive stake in Warner Music
China’s Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp, about a week after the world’s third-largest recording label’s…