Daily Investor Update: Fed officials worry about lasting economic scars from crisis

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Daily Investor Update Your Daily Briefing       Tweet       Share Fed officials worry about lasting economic scars from crisis After rolling out trillions of dollars in support for the U.S. economy during the coronavirus pandemic, Federal Reserve officials have begun warning of potentially lasting scars to the workforce and productivity if the recovery is not handled well. Telefonica seeks to merge Britain's O2 and Virgin Media - sources Spain's Telefonica SA is in talks with billionaire John Malone's Liberty Global Plc to explore a merger of its British mobile operator O2 with Liberty's Virgin Media cable network company, two sources familiar with the matter said. Special Report: How a corporate PR machine is trying to kill a Wall Street tax As Democratic presidential hopefuls descended on New Hampshire prior to the state's Feb. 11 primary, John Tackeff was busy. Exxon, Chevron slam brakes on shale as oil demand tumbles Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two U.S. producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude prices and fuel demand. U.S. airlines now requiring masks, promise more safety measures With the largest U.S. airlines now set to mandate - and provide - facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel. World stocks fall as Trump's China tariff threat dampens risk appetite A sharp fall on Wall Street dragged a global stocks index down on Friday on concerns that the world's two largest economies could resume a trade war, with many financial markets closed for a holiday. U.S. stocks slide as renewed tariff threat compounds pandemic fears Wall Street stocks dropped sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a grinding halt. Tesla tumbles after Musk tweets stock too high Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker's high-flying stock was overly expensive. U.S. House panel calls on Amazon's Bezos to testify on third-party sellers The U.S. House of Representatives Judiciary Committee on Friday called on Amazon.com < AMZN.O> founder Jeff Bezos to testify to the panel about allegations that the online retailer uses data from its own third-party sellers to create competing products. U.S. Republicans push for coronavirus lawsuit immunity for business The top Republicans in the U.S. Congress displayed a united front on Friday in their drive to include coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation. Related Videos SpaceX, Blue Origin to help build NASA moon lander Tech Apple, Amazon shares dip after earnings reports Business Introducing the all-new Reuters News app The new Reuters News app is here, redesigned from the ground up to fit your busy life. Get it now on iOS Your world. Your news. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions