Tuesday 29 September 2020

NY Fed's Williams sees about three years for full U.S. recovery

NY Fed's Williams sees about three years for full U.S. recovery

The U.S. recovery from the coronavirus-linked recession has been more robust than expected, a top Federal Reserve policymaker said on Tuesday, though he added it could be about three years before the economy regains its full strength.

Dollar skids as investors await 1st U.S. presidential debate

The dollar on Tuesday dropped from last week's two-month highs, as investors capitalized on recent gains in the greenback and cautiously looked ahead to the first debate between U.S. President Donald Trump and Democratic challenger Joe Biden.

Wall Street's IPO enemies ready one-two punch

There have only been two direct listings on the New York Stock Exchange in the last two years. There are about to be two more in a single day.

Meatpackers deny workers benefits for COVID-19 deaths, illnesses

Saul Sanchez died in April, one of six workers with fatal COVID-19 infections at meatpacker JBS USA's slaughterhouse in Greeley, Colorado, the site of one of the earliest and deadliest coronavirus outbreaks at a U.S. meatpacking plant.

Oil falls over 3% as virus cases mount and U.S. debate looms

Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections.

Touchless lattes and self-service kiosks: office break rooms go virus-proof

Out with grimy microwaves and sticky coffee machines with worn-out buttons, in with stylus pens, QR codes, no-touch water coolers and mobile apps that pick what brew the machine will make for you.

JPMorgan to pay $920 million for manipulating precious metals, treasury market

JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.

Steady growth to record crash: How the pandemic recast Trump's economic record

U.S. President Donald Trump and Democratic rival Joe Biden hold the first of three debates Tuesday night ahead of the Nov. 3 election, and the economy is expected to be a key topic.

LVMH calls Tiffany's prospects 'dismal' as war of words escalates

A war of words between LVMH and Tiffany escalated on Tuesday with the French group describing Tiffany's prospects as "dismal" and the U.S. jeweller accusing LVMH of improperly trying to renegotiate a takeover deal.

Shell sets out steps to make German activities carbon-neutral

Royal Dutch Shell has drawn up plans to make its German operations carbon-neutral as it seeks to cut its own and customers' emissions by more than a third over a decade.

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