 | | | | Citigroup Inc said on Wednesday it hired Niall Cannon to co-run its global software practice within its investment bank. | | | | | | U.S. stocks closed higher on Wednesday to kick off the third quarter as increasing optimism for a safe and effective COVID-19 vaccine eased concerns that another round of business lockdowns was likely despite a climb in coronavirus cases in the United States. | | | | | | Over a thousand food deliverymen on motorcycles gathered in São Paulo on Wednesday to protest their work conditions, set by Uber and other apps, with their services in high demand due to coronavirus lockdowns. | | | | | | U.S. President Donald Trump said on Wednesday he supports another coronavirus stimulus bill but wants it to include incentives for Americans to go back to work, setting up a clash with Democrats in Congress over jobless benefits. | | | | | | The dollar retreated on Wednesday in choppy trading, as generally solid U.S. economic data and improving European numbers diminished its appeal as a safe haven, though the currency's outlook remained upbeat given renewed risks posed by the novel coronavirus. | | | | | | Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to deliver a more rapid recovery from the recession triggered by the coronavirus pandemic. | | | | | | The U.S. Federal Reserve received thousands of letters and emails from individuals, businesses and nonprofit organizations this spring asking it to widen access to its Main Street Lending Program so more entities could tap it for funds to survive the recession triggered by the coronavirus pandemic. | | | | | | Investors are increasingly preparing for market volatility ahead of the U.S. presidential election, with some shifting stock positions and selling the dollar, as Democratic contender Joe Biden maintains a lead against President Donald Trump in opinion polls. | | | | | | President Donald Trump on Wednesday indicated he was warming to Federal Reserve Chairman Jerome Powell, whom he has harshly criticized for not cutting lending rates below zero, telling Fox Business Network he appreciated the central bank putting liquidity into the economy during the coronavirus pandemic. | | | | | | Apple Inc said it would re-close more than two dozen stores in seven states starting Thursday, including its home state of California, bringing total closures to 77 as coronavirus cases continue to rise. | | | | | |
