Mnuchin and Powell back jobless aid and small business loans
WASHINGTON — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said today that the government’s top priorities in any new economic relief package…
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IPOs head for banner year on stock market’s strength
Companies that cater to the “new normal” of working and shopping from home are rushing to go public. 2020 could turn out to be the…
Apple’s smaller rivals unite to fight iPhone app store rules
WASHINGTON — Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for…
Sales of new homes surged 4.8% in August
NEW YORK — Sales of new homes rose by a very strong 4.8% in August to a seasonally-adjusted annual rate of 1.01 million units. The…
Mortgage rates tick up to 2.9%, remain at historic lows
SILVER SPRING, Md. — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported…
Jobless claims at 870,000 as fraud and backlogs cloud data
WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral…
Jobless claims at 870,000 as fraud, backlogs cloud data
WASHINGTON — The number of people seeking U.S. unemployment aid rose slightly last week to 870,000, a historically high figure that shows that the viral…
UK announces new plan to help workers hit by pandemic
LONDON — Britain’s treasury chief today announced a new income support program for workers hurt by the coronavirus pandemic as the government races to prevent…
Facebook oversight board to start operating in October
LONDON — Facebook’s long-awaited oversight board that will act as a referee on whether specific content is allowed on the tech giant’s platforms is set…
German economy rebounding, faces risk from virus resurgence
FRANKFURT, Germany — A widely watched indicator of German business confidence has risen for a fifth month in a row as Europe’s largest economy rebounds…