WASHINGTON (Reuters) – President Donald Trump’s top advisers on Sunday raised the possibility of Congress passing the gradual coronavirus relief legislation, an approach Democrats oppose, with a deadline approaching the expiration of improved unemployment benefits. A day before Senate Republicans introduced a $ 1 trillion coronavirus relief bill that includes …
Read More »Trump helps floats tackle coronavirus relief in Congress
WASHINGTON (Reuters) – President Donald Trump’s top advisers on Sunday raised the possibility of Congress passing the gradual coronavirus relief legislation, an approach Democrats oppose, with a deadline approaching the expiration of improved unemployment benefits. FILE PHOTO: US Treasury Secretary Stephen Mnuchin and White House Chief of Staff Mark Meadows …
Read More »Schlumberger is cutting staff as virus hits revenue
Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …
Read More »Trump administration backs partial extension of unemployment benefits through year-end
FILE PHOTO: United States President Donald Trump speaks during a coronavirus disease working group (COVID-19) press conference at the White House in Washington, USA, July 22, 2020. REUTERS / Leah Millis WASHINGTON (Reuters) – United States Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration supports extending unemployment …
Read More »New home sales in the United States shine in June; commercial activity accelerates
WASHINGTON (Reuters) – Sales of new single-family homes in the United States peaked at almost 13 years in June, as the housing market outperforms the overall economy amid low interest rates and migration from downtown urban to low-density areas due to the COVID -19 pandemic. FILE PHOTO: A new house …
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