Following the Federal Reserve monetary policy decision, stocks slid, with the S&P 500 and Dow pointing to a third straight session of losses. In the Fed’s monetary policy decision, policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it.
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Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code, gender, age, parental status or marital status.
Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
The plunge is not solely because of Fed chief Jerome Powell. …read more […]
Global equity markets fell sharply on Thursday in their worst sell-off since markets crashed in March, while safe-haven assets rose after the Federal Reserve’s sobering outlook cast doubt on hopes for a V-shaped recovery from the coronavirus pandemic.
Microsoft Corp on Thursday said it would await federal regulation before selling facial recognition to police departments, making it the latest big firm to back away from the surveillance business following protests against police brutality.
Alphabet Inc’s Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to users based on their postal code, gender, age, parental status or marital status.
One of Peter Navarro’s jobs at the White House is making sure an eventual coronavirus vaccine gets widely manufactured and distributed. He promises that “we won’t be in a situation where we have too little.” …read more […]
Facebook Inc’s former chief product officer, Chris Cox, is returning to his role, according to his post https://www.facebook.com/photo.php?fbid=10105509261342903&set=a.692319249513&type=3&theater on the social media platform.
BMO Capital Markets Chief Investment Strategist Brian Belski joins Yahoo Finance’s Heidi Chung to discuss how another 1.54 million Americans filed for unemployment and why he thinks there will be a 20 year bull market. …read more […]
Oil prices tumbled about 8% a barrel on Thursday, fuelled by renewed concerns about demand destruction as new cases of coronavirus tick up globally, while crude inventories hit a record in the United States.
Yum Brands Inc filed a lawsuit against Grubhub Inc on Thursday for allegedly violating terms of a food delivery deal, a day after Europe’s Just Eat Takeaway.com agreed to buy the U.S. food delivery platform for $7.3 billion.
Nestle is exploring a potential sale of part of its North American water business, including the Pure Life brand, it said on Thursday, as the food giant shifts focus to better performing brands.
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