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The greenback edged higher on Monday as investors positioned for quarter-end and weighed an increase in coronavirus cases in some U.S. states against improving economic data. Thursday’s jobs report for June was also a factor in portfolio adjustments. “It’s more Read more
The New York Times Co said on Monday it will end its partnership with Apple News, effective June 29, at a time when the publisher is shifting focus to a digital subscription-based model. The media company said publishers should be Read more
Organizers of a Facebook Inc (FB.O) advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to remove hate Read more
The U.S. Federal Reserve on Monday kicked off a long-awaited program to buy newly minted corporate bonds directly from companies, launching the last of the several programs created to stabilize financial markets rocked by the coronavirus. Through the $500 billion Read more
Chesapeake Energy Corp on Monday sought bankruptcy court approval to cancel $311 million in pipeline contracts, setting up a battle with U.S. regulators and operators including Energy Transfer LP, according to court filings. Chesapeake on Sunday became the largest U.S. Read more
U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world’s biggest economy is “extraordinarily uncertain” and will depend both on containing the coronavirus and on government efforts to support the recovery. Economic activity has picked up Read more
A gauge of stocks across the world rose on Monday, led by a rebound on Wall Street, even as rising COVID-19 cases threaten to stall the recovery of the world’s largest economy. Contracts to buy U.S. previously owned homes rose Read more