How COVID-19 affected U.S. consumer prices in March
Coast-to-coast shutdowns of businesses and stay-at-home orders from the effort to contain the new coronavirus pandemic took their toll on U.S. consumer prices in March, sending them down by the most in five years.
Saudi, Russia press on with oil cut deal at G20 talks, U.S. offers help
Top oil nations pushed to finalise a deal on sweeping oil cuts at G20 talks on Friday to lift prices slammed by the coronavirus crisis with Russia and Saudi Arabia taking the lion’s share and the United States showing unusual willingness to help out.
Russia’s Putin, Saudi crown prince discuss OPEC+: Kremlin
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed a planned OPEC+ reduction of oil output, the Kremlin said.
Millions filed for U.S. unemployment – many are still waiting for the cash
A shocking 16.8 million people filed for U.S. unemployment benefits in the last three weeks as the country shut down to stop the spread of the novel coronavirus, overwhelming state labor departments and creating a large backlog of pending applications….
Treasury briefing U.S. airlines on $32 billion grant program -sources
U.S. Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce some details of a $32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters.
U.S. agencies back revoking ability of China Telecom to operate in U.S.
The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp’s authorization to provide international telecommunications services to and from the Unite…
Johnson & Johnson abandons deal for Takeda’s TachoSil surgical patch
Johnson & Johnson said on Friday it abandoned plans to buy Takeda Pharmaceutical’s surgical patch product TachoSil, citing regulatory issues.
March U.S. deficit shrinks, but virus budget storm seen in April
The March U.S. budget deficit shrank to $119 billion from $147 billion a year earlier as receipts grew and calendar shifts reduced outlays, but the data reflect only a minimal impact from massive coronavirus rescue spending, the U.S. Treasury said on F…
Apple, Google to create contact tracing technology to fight coronavirus spread
Apple Inc and Alphabet Inc’s Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into a system that catalogs other phones they have been near…
U.S. consumer prices post largest drop in five years amid coronavirus disruptions
U.S. consumer prices fell by the most in more than five years in March and further decreases are likely as the novel coronavirus outbreak suppresses demand for some goods and services, offsetting price increases related to shortages resulting from disr…
