Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Mnuchin: Coronavirus’ economic hit seen as short-term, weighing all options
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Friday said he expected the U.S. economic hit from the coronavirus outbreak to be short-term, and that the Trump administration was kee...
Mar 13, 2020
Wall Street set to bounce as investors bet on stimulus to thwart recession
By Sanjana Shivdas (Reuters) - Wall Street was set for a strong rebound on Friday, with the Dow on course to jump nearly 1,000 points at the open as investors hoped more fiscal easing would head off a...
Mar 13, 2020
U.S. import prices post biggest drop in six months
WASHINGTON (Reuters) - U.S. import prices fell by the most in six months in February as the cost of petroleum products dropped, and economists said they could decline further because of the coronaviru...
Mar 13, 2020
Xerox to postpone meeting with HP shareholders
(Reuters) - Xerox Holdings Corp said on Friday it would postpone a meeting with HP Inc shareholders amid the coronavirus outbreak. (Reporting by Amal S in Bengaluru; Editing by Shinjini Ganguli)
Mar 13, 2020
Berkshire Hathaway makes annual meeting purely virtual
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday it will hold its annual meeting as scheduled on May 2, but without shareholders in physical attendance due to the coronavirus outbrea...
Mar 13, 2020
Investors hope Fed can help calm markets as big rate cut expected
By Lewis Krauskopf NEW YORK (Reuters) - Interest rate cuts won't cure the coronavirus but investors are still hoping the Federal Reserve can take some actions to help soothe the roiled stock market. O...
Mar 13, 2020
Clamor grows for Trump to cut China tariffs in coronavirus response
By David Lawder and Andrea Shalal WASHINGTON (Reuters) - As President Donald Trump scrambles for new ways to cushion the economic blow from the fast spreading coronavirus, industry groups, lawmakers a...
Mar 13, 2020
Fed’s economic forecasts to give window into extent of coronavirus fears
By Lindsay Dunsmuir WASHINGTON (Reuters) - U.S. Federal Reserve policymakers have already begun responding to the coronavirus with an emergency interest rate cut and a reopening of their crisis tool k...
Mar 13, 2020
Outspoken Tesla chief Elon Musk faces $1 billion trial, test of temperament
By Tom Hals and Nichola Groom WILMINGTON, Del. (Reuters) - Elon Musk is expected to defend a $2.2 billion deal in court next week criticized by shareholders as benefiting Musk at the expense of Tesla ...
Mar 13, 2020
Zhang Yiming, founder of TikTok owner ByteDance, gears up for the global stage
By Yingzhi Yang and Julie Zhu BEIJING/HONG KONG (Reuters) - The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm ...
Mar 13, 2020
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