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China's Stimulus Strategy Faces New Test in Coronavirus SHANGHAI—China has pumped billions of dollars into its financial system, raised expectations of an interest-rate cut and pledged to cut red tape in a bevy of emergency responses to the economic hit of its coronavirus outbreak. But there is nothing typical ...
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Trump Fed nominee faces key test: What does she actually believe? Judy Shelton has had a decades-long affinity for the gold standard, but she's been downplaying that since President Donald Trump nominated her to the Federal Reserve Board. She slammed low interest rates for years, but now she supports Trump's view ...
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Judge Halts Work on Microsoft's JEDI Contract in Victory for Amazon A federal judge in Washington ordered Microsoft on Thursday to halt all work on a $10 billion cloud-computing contract for the Pentagon, in a victory for Amazon, which had challenged the awarding of the contract. In a sealed opinion, the judge, Patricia E.
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McClatchy, a Major US Newspaper Chain, Files for Bankruptcy It was a thriving family business that got its start as a four-page newspaper for residents of Sacramento, Calif., in the wake of the gold rush 163 years ago. Now the McClatchy Company, the publisher of The Sacramento Bee, The Miami Herald and 28 other ...
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Fed Nominee Shelton Faces Tough Questioning Before Senate Committee WASHINGTON — Judy Shelton, President Trump's nominee for the Federal Reserve, faced tough questioning from lawmakers over whether she would protect the Fed's independence during a tense confirmation hearing before the Senate Banking Committee ...
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Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing WASHINGTON (Reuters) - Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump ...
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Global Oil Demand Shrinks, Hit by Coronavirus, IEA Says LONDON—Global oil demand is expected to fall in the first quarter of the year—the first time in more than a decade—according to a closely watched forecast from the International Energy Agency, which blamed a likely economic slowdown in China related to ...
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Credit Suisse Posts Strong Profit on Gains in Wealth Management Business Credit Suisse Group AG reported its highest annual profit in nine years as it seeks to move on from a spying scandal that led to the resignation of its chief executive last week, with gains in its wealth management and markets businesses offsetting a decline in ...
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Breaking up Alphabet could unlock value, as the parts are worth more than the whole Presidential candidates like Sens. Bernie Sanders and Elizabeth Warren have campaigned on breaking up technology giants like Alphabet, the parent company of Google, whose market value is more than $1 trillion. The idea is that owning a big collections of ...
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Oil prices mixed as demand concerns outweigh output cut expectations SEOUL (Reuters) - Oil prices were mixed on Thursday as concerns about falling demand caused by travel restrictions tied to the coronavirus outbreak in China, the world's biggest oil importer, outweighed expectations of supply cuts from major producers.
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