Fed warns of ‘significant’ financial vulnerabilities from pandemic
The U.S. Federal Reserve warned Friday that the financial sector faces “significant” vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances for the foreseeable future.
Wall Street Week Ahead: Investors prepare for more U.S. stock swings as states reopen
Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise.
Amazon says ‘appropriate’ executive to be available, as U.S. panel calls on Bezos to testify
Amazon.com Inc said on Friday it would make an “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers’ data.
Amazon says ‘appropriate’ executive available after U.S. House panel calls on CEO Bezos to testify
Amazon.com Inc said on Friday it would make the “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to how the company uses third-party sellers’ data.
J.C. Penney files for bankruptcy protection
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19…
U.S. gave no assurances to Taiwan’s TSMC for license to sell to Huawei: official
Taiwan Semiconductor Manufacturing Co Ltd, which unveiled a $12 billion investment plan in Arizona on Friday, has not been given any assurances that it will be granted a license to allow it to sell U.S. technology to China’s Huawei, a senior U.S. offic…
Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources
The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 billion emergency loan program to help small businesses hurt by the novel coronavirus, two people w…
U.S. state attorneys general likely to bring antitrust lawsuits against Google -source
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc’s Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.
U.S. gave no assurances to Taiwan’s TSMC for a license to sell to Huawei: official
The United States has not given any assurances to Taiwan Semiconductor Manufacturing Co Ltd that it will grant it a license so it can sell U.S. technology to China’s Huawei, which Washington has blacklisted, Keith Krach, Undersecretary for Economic Gro…
California officials reject subsidies for Musk’s SpaceX over Tesla spat
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s recent threats to move Tesla, the electric carmaker that he also runs, out of the state.
