Business

US and Chinese flags seen at the US State Department on May 23, 2018. Brendan Smialowsk AFP | Getty images This is news. See again for updates,, The U.S. Senate passed legislation Wednesday that could ban many Chinese companies from listing on U.S. stock exchanges or collecting money from U.S. investors without adhering to Washington’s regulatory and auditing standards. The …

U.S. law enforcement has arrested two U.S. men, including a former Special Forces soldier wanted by Japan for their alleged involvement in helping former Nissan Motor chief Carlos Ghosn flee the country in December. The Massachusetts District Attorney’s Office said 59-year-old Michael Taylor and his 27-year-old son Peter Taylor were detained in the country in response to a request for …

Sectors of the US economy are beginning to show signs of recovery, with more and more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday read more about the Federal Reserve’s latest decision with the release of the minutes of the central bank meeting. The Fed has …

The prospective home buyer is affected by a view of a beach property in Newport Beach, California. Jamie Rector Bloomberg | Getty images If mortgage demand is an indicator, buyers are returning to the housing market far faster than expected, despite the cessation of the coronavirus and job losses. Mortgage applications to buy a home rose 6% last week from …

Target’s digital sales contributed to first-quarter profits, but big retailers’ earnings on Wednesday showed it was paying a high price for that growth as labor costs rose and sales of higher-margin items such as clothing fell. . Shares rose less than 1% in pre-market trading. Target stores remain open across the country during the coronavirus pandemic, but the crisis has …

Kroger has a change in his heart because of what he recently considered an “overpayment” of quarantined workers on emergency leave COVID-19. The country’s largest supermarket chain has overturned its previous demand that employees pay the extra money or face the wrath of bill collectors. Snafu is the latest public relations hit already for a company under fire to Yankee …

“We are proposing a major reorganization of our business to adapt to the new level of demand we are seeing from customers,” the company said in a statement on Wednesday. “As a result, we expect the loss of at least 9,000 roles in our global workforce of 52,000.” Rolls Royce (RYCEF) said his civil aerospace business, which is concentrated in …

After the 2017 purchase of Whole Foods, Amazon reportedly bankrupt J.C. Penney for some … [+] deal, as in the era of coronaviruses is expected to warm the scene of M&A activity of retail and consumers. (Photo by David Becker / AFP) (Photo by DAVID BECKER / AFP via Getty Images) AFP via Getty Images Coronavirus may have slowed consumer …

A group of McDonald’s employees in Chicago on Tuesday filed a group action lawsuit alleging that the fast food chain had not adopted government safety guidelines to protect workers in the wake of the coronavirus epidemic, Reuters reported. The trial accuses McDonald’s of failing to provide enough disinfectants, gloves and masks. He also claims that the company did not contact …

In a letter Tuesday to Health and Human Services Minister Alex Hazard, CVS CEO Larry Merlot said his company had received the funds as part of the CARES Supplier Support Fund. He said that this was an automatic distribution from HHS and that CVS did not ask for the money. The fund provides $ 175 billion to hospitals and health …