Federal Reserve staff told central bank officials in late July that they would lower their estimate for economic growth in the second half of the year, according to minutes released by the Federal Open Market Committee on Wednesday. Fed staff always present their own forecasts at the Central Bank’s eight …
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Gold prices plunged sharply on Wednesday, ending a two-day string of gains as the U.S. dollar stopped its skid and as commodity investors watched minutes from the Federal Reserve’s July policy meeting, which could provide further insight into the central banker’s perspective for US and global business. Market participants will …
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The cost to U.S. and European companies to relocate production from China could reach $ 1 trillion over five years, according to new research from Bank of America. The survey of the bank’s global analysts found that companies in more than 80% of the global sectors experienced supply chain disruptions …
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Although geopolitical tensions seem, Alibaba Group Holding Ltd. to be in a good place as China continues its economic recovery from COVID-19. Alibaba reported fiscal revenue in the first quarter Thursday morning. Alibaba BABA, + 0.40% already saw volume growth equal to pre-pandemic levels when it last hit investors in …
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It’s a strange side effect. But could it provide clues as to how coronavirus attacks the body? Why do some people with COVID-19 lose their sense of smell? And what can be learned from it? Scientists are examining tissue removed from patients’ noses during surgery, believing they may have discovered …
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