Category: Business

LISBON/NEW YORK – A day after the shooting of Jacob Blake in Kenosha, Wisconsin, searches for the term “Black-owned businesses” began to surge on Google Trends, as social media users called out for suggestions on where to spend their money in a way that supported the Black community. “I’d like to start a thread of […]

WASHINGTON – The bloom is back at Lee’s Flower and Card Shop in Washington’s historic U Street neighborhood, with an added touch: Blue, green, yellow and white origami cranes spelling out the words “Black Lives Matter” on the storefront window. The signs reflect a slow return to normalcy as life and business adapt to the […]

1/ THE END OF THREE ARROWSShinzo Abe, Japan’s longest serving premier and author of the signature shock-and-awe “Abenomics” stimulus strategy, has resigned for health reasons. Sweeping to power in late 2012, Abe deployed his three arrows of Abenomics – large-scale monetary easing, fiscal spending and structural reforms – to reignite the world’s third biggest economy […]

BOSTON, MA. – U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled sell-off. The combined value of the S&P 500’s five biggest companies – Apple Inc (AAPL.O), Amazon.com […]

Raised in a white-collar Washington suburb, a product of prep schools, elite colleges and the 1% world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class. But just as former Federal Reserve chair Paul Volcker changed U.S. central banking to fight inflation in service of the […]

BENGALURU – Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found. The August 17-27 poll of 35 fund managers and chief investment officers in the […]

BERLIN – German Chancellor Angela Merkel told reporters on Friday it had to be clarified what happened to payments company Wirecard (WDIG.DE) which collapsed amid an accounting scandal.