Google Alert - Business

	Business Daily update ⋅ July 15, 2020
	NEWS
	CNBC Stock market live updates: Dow up 500, Wells Fargo drops 5%, Fed governor calls for more support CNBC Wells Fargo CFO says asset cap is a costing bank billions in revenue. Wells Fargo chief financial officer John Shrewsberry said on "Closing Bell" that the asset cap imposed on the bank by the Federal Reserve is potentially costing the firm billions in revenue ... Flag as irrelevant
	Wall Street Journal Jump in Coronavirus Cases Could Jeopardize Oil Market Recovery, OPEC Says Wall Street Journal Even a record-breaking rise in oil demand next year won't be enough to spur a recovery back to pre-coronavirus levels, according to the Organization of the Petroleum Exporting Countries. In its widely read monthly report, the cartel said it expected that the ... Flag as irrelevant
	Washington Post Postal Service memos detail 'difficult' changes, including slower mail delivery Washington Post The new head of the U.S. Postal Service established major operational changes Monday that could slow down mail delivery, warning employees the agency would not survive unless it made "difficult" changes to cut costs. But critics say such a philosophical ... Flag as irrelevant
	Wall Street Journal Fed's Brainard Sees Substantial Economic Risks and Slow Recovery Wall Street Journal A top official at the Federal Reserve said the U.S. economy still faces substantial risks from the shock caused by the coronavirus pandemic as well as a long, slow recovery. Fed governor Lael Brainard said in remarks delivered online that the broad recovery ... Flag as irrelevant
	Reuters Oil prices fall on demand recovery fears, OPEC+ easing expectations Reuters MELBOURNE/SINGAPORE (Reuters) - Oil prices fell on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August ... Flag as irrelevant
	CNN UK bans Huawei from its 5G network in rapid about-face CNN London (CNN Business) The United Kingdom has banned Huawei from its 5G telecom network, reversing a January decision to allow the embattled Chinese tech company a limited role in building the country's super-fast wireless infrastructure. Operators ... Flag as irrelevant
	Motley Fool 5 Awful Stocks Robinhood Investors Are Buying Motley Fool No matter how long you've been an investor, there's simply nothing that could have prepared you for what 2020 has offered thus far. In a roughly four-month span, investors have dealt with about a decade's worth of volatility due to the unprecedented ... Flag as irrelevant
	Reuters Fed officials warn on 'thick fog' ahead for US economy as recovery concerns deepen Reuters WASHINGTON (Reuters) - The U.S. economy will recover more slowly than expected amid a surge in novel coronavirus cases across the country, and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials ... Flag as irrelevant
	Wall Street Journal Former Luckin Chairman Loses Control of Coffee Chain in Court Wall Street Journal HONG KONG—Charles Lu, the co-founder and former chairman of Luckin Coffee Inc., has lost control of all his shares in the Chinese coffee chain following a recent court ruling, according to people familiar with the matter. A court in the British Virgin Islands ... Flag as irrelevant
	Reuters Gasoline boosts US inflation; escalating COVID-19 cases seen suppressing demand Reuters WASHINGTON (Reuters) - U.S. consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new COVID-19 cases after the reopening of businesses suggests a moderation in demand that could keep inflation muted and allow the ... Flag as irrelevant
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