WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The surge in spending reported by the Commerce Department …
Read More »Wall Street Falls When Fed Stock Affects Bank Stocks, Virus Cases Increase
(Reuters) – Major Wall Street indexes fell on Friday when the United States set a new record for a one-day rise in coronavirus cases and bank stocks fell after the Federal Reserve decided to limit payments to shareholders. FILE PHOTO: Flags hang on the exterior of the New York Stock …
Read More »AstraZeneca, Modern ahead in the COVID-19 vaccine race: WHO
GENEVA (Reuters) – AstraZeneca’s (AZN.L) The experimental vaccine COVID-19 is probably the world’s leading candidate and the most advanced in terms of development, the chief scientist at the World Health Organization (WHO) said on Friday. FILE PHOTO: The AstraZeneca logo is seen on medication packages at a pharmacy in London, …
Read More »US consumer spending recovers, falling revenue is a threat
WASHINGTON (Reuters) – US consumer spending rebounded in the largest amount on record in May, but earnings are unlikely to be sustainable as revenue will decline and is expected to further decrease as Millions lose their unemployment checks starting next month. The Commerce Department report on Friday added increases in …
Read More »Mexico City Police Chief Shot in Attempted Murder, Blames Drug Cartel
Police officers arrive at the area where a shooting occurred in Mexico City, Mexico, June 26, 2020. REUTERS / Henry Romero MEXICO CITY (Reuters) – The Mexico City police chief was shot and wounded and two of his bodyguards were killed in a dramatic assassination attempt early Friday that quickly …
Read More »