U.S. industrial production rose 3% in July, marking third-straight monthly increase
A welder builds parts for finished petroleum tanks at Southern Tank and Manufacturing Inc. in Owensboro, Kentucky, U.S. Ty Wright | Bloomberg | Getty Images American industry continued to regain ground lost in the coronavirus recession last month, but production...
As the pandemic persists, New Zealand considers negative interest rates
New Zealand is considering negative interest rates, as it grapples with the severe economic impact caused by the coronavirus pandemic. In its interest rate decision this week, the central bank maintained its official cash rate at 0.25%, but also raised...
40% of companies discussed diversity on earnings calls, up from 4% in prior quarter, new data shows
Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is...
Depression-like collapse is sparking a wartime-type boom, market bull Jim Paulsen predicts
Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to just knee-jerk react — to cut everything they could to try...
Singapore’s top banks brace for more challenges after reporting a plunge in quarterly profits
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a...
At least 1 million people may not get Trump’s $400 unemployment boost
President Donald Trump speaks at an Aug. 10 White House news conference. Alex Wong | Getty Images News | Getty Images An extra $400 Trump’s executive order was one of four measures signed on Saturday to address jobless benefits, evictions,...
Banks and tech giants including JPMorgan and Amazon pledge to hire 100,000 minority New Yorkers
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images The CEOs of banks, tech companies and consulting firms are forming a group to boost hiring from underrepresented groups in New York. Leaders...
Stocks making the biggest moves premarket: Marriott, Eastman Kodak, Twitter, FedEx & more
Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in...
Fed’s Kashkari advocates six-week economic lockdown to defeat the coronavirus
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC The U.S. economy needs an even more stringent shutdown than the last time if it’s going to defeat the coronavirus, Minneapolis...
Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings
Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate. The company said it repurchased $5.1 billion...
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