An order box from Amazon from German car manufacturer Mercedes-Benz. Amazon Amazon announced Friday that it has ordered more than 1,800 electric vans from German carmaker Daimler’s Mercedes-Benz unit as part of its bid to become carbon neutral by 2040. The company said the order consisted of 1,200 of Mercedes’ …
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U.S. consumers increased their spending last month by 1.9%, a dose of support for an economy struggling to emerge from the grip of a pandemic that has recovered and left roughly 27 million people unemployed. The July gain marked the third straight monthly increase in consumer spending, the primary driver …
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The Federal Reserve will have to support the economy because the recovery from the coronavirus pandemic “will be slow,” a top official at the central bank said Friday. “There’s more pain we need to support the economy,” Loretta Mester, president of the Cleveland Fed, told CNBC’s Steve Liesman during an …
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European stocks fell on Friday morning as investors defended a major policy change by the US Federal Reserve and news that Japanese Prime Minister Shinzo Abe is resigning due to health concerns. The pan-European Stoxx 600 dropped 0.17% mid-morning, with most sectors trading in the red. However, bank shares rose …
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Remnants of Hurricane Laura caused heavy rains and tornadoes hundreds of miles into the country, loosening a path of death and damaged buildings along the Gulf Coast, and forecasters warned that an easterly bend would again threaten the storm, this time for the densely populated area. Eastern Seaboard. Trees were …
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