Systemic racism slows down economic growth, Dallas Fed chief says
Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday.
Factbox: What changes are companies making in response to George Floyd protests?
The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sam…
Amazon’s business practices examined by two U.S. states
State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter.
American Express JV gets final approval to launch operations in China
China’s central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.
China central bank bank approves American Express for bank card clearance business
China’s central bank said on Saturday it has given American Express approval to set up a bank card clearance business in the country.
Amazon’s business practices examined by two U.S. states: reports
State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter.
U.S. eases criminal record provision in coronavirus business loan program
Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.
Bankrupt Hertz to seize on speculation frenzy with $1 billion stock sale
Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom.
Canada spy agency warned of ‘shock waves’ from arrest of Huawei founder’s daughter
Canada’s intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global “shock waves” and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new c…
Wall Street Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
