Business & Economy
Business & Economy
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move. Continue Reading Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
Dow Plunges 2,300 Points, Market Moves Into Bear Territory With Biggest One-Day Drop Since ’87
The Dow Jones Industrial Average fell nearly 10% — its biggest one-day drop since 1987 — as the coronavirus pandemic continued to rattle markets. Trading was temporarily halted earlier in the day. Continue Reading Dow Plunges 2,300 Points, Market Moves Into Bear Territory With Biggest One-Day Drop Since ’87
PepsiCo Seeks Boost In Energy Drink Market With Purchase Of Rockstar
PepsiCo’s move to purchase Rockstar reflects shifting consumer tastes, which have steadily moved away from soda to other offerings such as tea-flavored beverages and low-calorie drinks. Continue Reading PepsiCo Seeks Boost In Energy Drink Market With Purchase Of Rockstar
Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive Discounts
Oil prices and stock indexes were in freefall Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the United States and Europe. Continue Reading Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With Massive Discounts
U.S. Added 273,000 Jobs Last Month, But Economists Brace For Coronavirus Impact
Economists warned that business and consumer caution about the virus is likely to weigh on job growth in the months to come. Continue Reading U.S. Added 273,000 Jobs Last Month, But Economists Brace For Coronavirus Impact
Wells Fargo Officials Resign Days Before They Were Set To Testify Before Congress
Elizabeth Duke and James Quigley were scheduled to testify. Democrats last week said Wells Fargo was slow to “correct serious deficiencies in its infrastructure for managing risks to consumers.” Continue Reading Wells Fargo Officials Resign Days Before They Were Set To Testify Before Congress
Dow Dives, New York Stock Exchange Temporarily Halts Trading As Stock Indexes Plummet
New York Stock Exchange trading was halted temporarily after indexes plunged 7% in reaction to Saudi Arabia’s oil price cut amid increasing fears over the coronavirus epidemic’s economic impact. Continue Reading Dow Dives, New York Stock Exchange Temporarily Halts Trading As Stock Indexes Plummet
President Trump Appoints Mike Pence To Lead Government’s Coronavirus Response
“Mike is going to be in charge,” Trump said in an evening news conference, as officials said a case in the U.S. may have been transmitted within the community. Continue Reading President Trump Appoints Mike Pence To Lead Government’s Coronavirus Response
‘Gives Me Hope’: How Low-Paid Workers Rose Up Against Stagnant Wages
Low-paid workers push back and speak out against stagnant wages. Continue Reading ‘Gives Me Hope’: How Low-Paid Workers Rose Up Against Stagnant Wages
The Curious Case Of A Big Company (Boeing) That Wants To Give Up A Tax Break
The Boeing Company is bringing an unusual request to state lawmakers in Olympia: please take away our airplane manufacturing tax break. The Washington Legislature seems likely to oblige, but possibly will add some strings to the deal. Continue Reading The Curious Case Of A Big Company (Boeing) That Wants To Give Up A Tax Break
An Airbnb For Cropland Hits A Snag, As Farmers Raise Data Privacy Concerns
American farmers spend about $32 billion each year to rent land, and Tillable CEO Corbett Kull thinks his company could be farmland’s AirBnB or Zillow. “This is one of the beauties of digital marketplaces, where you can bring two parties together that otherwise might never meet,” he says. Continue Reading An Airbnb For Cropland Hits A Snag, As Farmers Raise Data Privacy Concerns
To Address Homelessness, Spokane Is Starting To Put Relationships Before Punishments
There’s a growing consensus that a more punitive approach hasn’t worked for Spokane. Nationwide, the homeless population is rising. In many communities, it can feel like an intractable problem. Yet cities like Spokane are starting to show some incremental progress with some prevention programs. Continue Reading To Address Homelessness, Spokane Is Starting To Put Relationships Before Punishments
