May 13, 2020

Deutsche Bank criticised in internal N.Y. Fed audit: German newspaper

Deutsche Bank’s regulators in the United States have criticised the German lender in an internal audit for weaknesses in fighting money laundering and in risk management, […]
May 13, 2020

Amazon extends temporary raise in pay through May 30

Amazon.com Inc said on Wednesday it would extend the temporary increase in its hourly pay and double the overtime pay through May 30, bringing its total […]
May 13, 2020

Wall Street falls on Powell’s grim outlook

U.S. stocks fell sharply for the second day on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant […]
May 13, 2020

Amazon.com asks for federal law against price gouging during national emergencies

Online retailer Amazon.com , criticized for not acting quickly enough to curb sellers who charged hundreds of dollars for high-demand hand sanitizer during the early phase […]
May 13, 2020

Exclusive: U.S. airlines tell crews not to force passengers to wear masks

The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them […]
May 13, 2020

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S. central bank’s power as […]
May 13, 2020

S&P 500, Dow slip after Powell’s somber outlook on economy

The S&P 500 and Dow slipped on Wednesday as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while […]
May 13, 2020

Wall Street bonuses set to fall by as much as 30% in 2020: report

Wall Street bonuses for 2020 could fall by as much as 25%-30% due to the deep cuts to revenues recorded by banks and hedge funds earlier […]
May 13, 2020

OPEC slashes oil demand forecast but sees cuts helping restore balance

OPEC on Wednesday again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record supply […]
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