Friday, May 1, 2020

For Fed Chair Powell, March was pure madness as coronavirus response intensified

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For Fed Chair Powell, March was pure madness as coronavirus response intensified

A half-hour staff meeting in a secure location.

Long lines, lots of kids, and plenty to touch: How does Disney reopen its parks?

For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among staff and security guards who carry contact-less thermometers and hand sanitizer.

Wall Street tumbles as renewed tariff threat adds to uncertainties

Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt.

Uber must face lawsuit claiming it stifled competition, drove out rival Sidecar

Uber Technologies Inc was ordered by a U.S. judge on Friday to face a lawsuit claiming its illegal predatory pricing and other anticompetitive practices stifled competition, and drove rival Sidecar Technologies Inc out of business.

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.

Will U.S. exchange trading floors still be relevant post-coronavirus?

The coronavirus pandemic has upended U.S. equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.

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.

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.

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