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Business

Anti-China group urges Trump administration to block Chinese companies from U.S. markets

By bajachowdercom June 21, 2020June 15, 2020

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…

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Business

Fed’s Barkin says some jobs lost during crisis will not come back

By bajachowdercom June 20, 2020June 15, 2020

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…

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Business

U.S. consumer sentiment rises in early June

By bajachowdercom June 19, 2020June 15, 2020

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…

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Business

Robinhood users’ favorite stocks roar back after selloff

By bajachowdercom June 18, 2020June 15, 2020

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…

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Business

American Airlines expects to halt cash burn by year-end, shares jump

By bajachowdercom June 17, 2020June 15, 2020

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…

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Business

‘Persistent fragilities’ ahead for households and businesses

By bajachowdercom June 16, 2020June 15, 2020

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…

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Business

China’s Tencent Music reports passive stake in Warner Music

By bajachowdercom June 15, 2020June 15, 2020

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…

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