SYDNEY (Reuters) – Australia’s second most populous state said on Monday it is considering reimposing social distancing restrictions after the country reported its biggest one-day increase in new coronavirus infections in more than two months. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint press conference at the …
Read More »Great tobacco, great oil and Buffett join the Fed portfolio
WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …
Read More »A quick reopening, a surge in infections, and a recovery of the US at risk
ROCK HILL, SC (Reuters) – When Texas reopened bars for Memorial Day weekend last month, locked-in millennials and Gen Zers made the most of it, circumventing social distancing rules to pack clubs and pressing their credit card expenses in the next two weeks at 2019 levels. FILE PHOTO: The Handlebar …
Read More »China sees rebound in new COVID-19 cases, including 17 in Beijing
FILE PHOTO: A medical worker in a protective suit collects swabs from construction workers for nucleic acid testing after a new outbreak of coronavirus disease (COVID-19) in Beijing, China, June 25, 2020. cnsphoto via REUTERS / File Photo BEIJING (Reuters) – Mainland China on Saturday reported the highest number of …
Read More »United States consumer spending recovers; falling revenue, rising COVID-19 cases looming
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 …
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