 | | | | 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. | | | | | | Advertisements for more than 400 brands including Coca-Cola and Starbucks vanished from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site. | | | | | | Procter & Gamble said on Wednesday it will not make any announcements about its activities on advertising platforms, in response to a question about whether it will join the growing ad boycott against Facebook. | | | | | | Stocks across the globe rose on Wednesday following data pointing to a recovery in manufacturing and on bets for a COVID-19 vaccine, while the risk-on mood pushed the U.S. dollar lower. | | | | | | 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 on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging the central bank to widen access to its Main Street Lending Program to more entities struggling to survive the coronavirus-triggered recession. | | | | | | A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. | | | | | | The U.S. Department of Justice on Wednesday said it was seeking forfeiture of another $96 million in assets allegedly associated with the 1Malaysia Development Berhad (1MDB) international money-laundering conspiracy. | | | | | | 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. | | | | | | The S&P 500 and Nasdaq indexes 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. | | | | | | The Federal Reserve edged towards a longer-range plan for monetary policy at its meeting last month, raising serious questions about a strategy known as yield curve control that is untested in the United States, and signaling it may rely on explicit promises about its inflation or employment goals to steer public expectations. | | | | | |
