Yahoo News

Stock futures were roughly flat Thursday evening, as futures steadied following declines earlier in the day. The three major indices ended Thursday’s session lower, and the Dow ended a four-day winning streak, after new data showed a greater than expected number of new jobless claims were filed last week. A rotation out of tech stocks also continued during Thursday’s session, with the information technology and Amazon-heavy consumer discretionary sectors among the laggards in the S&P 500…. Source link

U.S. Attorney General Bill Barr delivered a blistering critique of the Chinese Government Thursday and singled out U.S. business leaders as complicit in the country’s rise.  Speaking at the Gerald R. Ford Presidential Museum in Grand Rapids, Michigan, he pointed to tech companies like Apple (AAPL) and Cisco (CSCO), as well as Disney (DIS) as examples of American firms “bowing to Beijing.”  Barr then offered this warning to corporations doing business in China. “The ultimate ambition of… Source link

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance on July 16 to discuss the U.S. economic outlook and what may lie ahead for Fed policy. BRIAN CHEUNG: Joining us now is the president of the New York Federal Reserve – that is John Williams. John how are you? JOHN WILLIAMS: Great Brian, good to see you. BRIAN CHEUNG: Good to see you too. So let’s just get right into it. I want to ask about the economic outlook, we did get numbers this morning on retail… Source link

[unable to retrieve full-text content]Yahoo Finance LIVE – Jul 21  Yahoo Money Source link

On this episode of Yahoo Finance Presents, Federal Reserve Bank of New York President & CEO John Williams sat down with Yahoo Finance’s Brian Cheung, to discuss a sweeping variety of topics, including interest rates, yield curve control, corporate bond purchases, liquidity, the Fed’s $7 trillion balance sheet, and many others. Source link

New York Fed President John Williams said Thursday that the Federal Reserve is far from raising interest rates, adding that central bank policymakers have time to craft any forward guidance on future policy. “This is not the time to think about liftoff or normalization,” Williams told Yahoo Finance in an exclusive interview. Minutes from the Fed’s most recent policy-setting meeting on June 9 and 10 noted that Fed officials have been debating whether or not to offer forward guidance on… Source link

ESPN is “extremely disappointed” after a person recorded a video feed of a private conversation involving “The Jump” host Rachel Nichols. An anonymous party sent Deadspin four clips of that conversation hoping to “expose” Nichols as a “back-stabber.” Nichols’ conversation reportedly lasted 30 minutes, though Deadspin received only four minutes of edited footage. Since Deadspin received only one side of the conversation, the site declined to reveal the specifics of the call,… Source link

The U.S. had another near-record spike in coronavirus cases, with more than 71,000 newly reported cases pushing the country’s total to 3.5 million cases, prompting a growing number of major corporations to enforce masking in their establishments. The global pandemic surpassed 13.5 million cases Thursday, with more than 584,000 dead, proof of acceleration of the outbreak in recent weeks. As fall approaches for the northern hemisphere, concerns about a second wave are emerging. Trailing not… Source link

(Bloomberg) — Florida posted a record number of 156 virus deaths. The Republican presidential convention in Florida will be scaled back as cases in the state continue to spike. Maryland’s Republican governor criticized the Trump administration’s handling of the virus, saying it “bungled” testing. The U.K. accused Russian state intelligence of trying to steal vaccine research. Hong Kong reported a record number of cases, the third time in about a week that its new outbreak breached… Source link

Dee Lescault, owner of Muti Hair Design Studio in Costa Mesa, is having to close her studio again, which she reopened for only 13 days. (Allen J. Schaben / Los Angeles Times) Dee Lescault got the bad news from her landlord. Her Costa Mesa hair salon had reopened on June 1 after being dark for months because of the COVID-19 pandemic, dealing a painful economic blow to the 66-year-old stylist. And now, Coronavirus Shutdown 2.0. “Is it asking too much to wear a mask?” Lescault tweeted in a rush… Source link