Tag Archives: Street

BERLIN — Germany adopted its second economic-stimulus package since the start of the coronavirus pandemic, bringing their total cost to €1.3 trillion ($ 1.5 trillion), by far the largest in Europe as a share of gross domestic product. The new bundle, agreed to on Wednesday after extensive talks between Chancellor …

President Trump said he wants to postpone the next Group of Seven nations meeting until September, and is looking to include additional countries. Mr. Trump told reporters traveling on Air Force One Saturday that he was planning to delay the meeting. He had been seeking to restore an in-person event …

Taiwan Semiconductor Manufacturing Co., the world’s largest contract manufacturer of silicon chips, said Friday it would spend $ 12 billion to build a chip factory in Arizona, as U.S. concerns grow about dependence on Asia for the critical technology. TSMC TSM, +2.31% 2330, +1.70% said the project, disclosed earlier Thursday …

The unemployment rate in the United States is at its lowest level since World War II. According to the Bureau of Labor Statistics’ jobs report out Friday morning, the unemployment rate skyrocketed to 14.7% with 20.5 million jobs lost in April. That last time we had double-digit unemployment was 1982 …

Equifax Inc., Nasdaq Inc. and Tiffany & Co. aren’t typically the kind of names associated with the troubles faced by Main Street businesses. But they now are among the more than 100 companies in the S&P 500 index that would fit the Federal Reserve’s expanded criteria unveiled Thursday to help …

President Trump issued a symbolic joint statement Saturday with Russian President Vladimir Putin, in a move that has stirred debate within the Trump administration and spawned concern among some lawmakers on Capitol Hill, according to people familiar with the document. The unusual declaration is intended to commemorate the 75th anniversary …

Amazon.com Inc. AMZN, +1.92% employees have used data about independent sellers on the company’s platform to develop competing products, a practice at odds with the company’s stated policies. The online retailing giant has long asserted, including to Congress, that when it makes and sells its own products, it doesn’t use …

Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. APO, -4.74% after the widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company’s business. Expedia EXPE, -4.50% , led by Barry Diller, is expected to hand …

Tesla Inc. has reached out to at least some of its landlords seeking rent reductions, according to firms contacted by the car company, as the auto maker looks for cost savings in response to the novel coronavirus outbreak that has closed much of its business. “The rapid world pandemic that …