Contrary to popular belief, the perfect red lipstick does exist. Much like the process of matching your foundation, choosing the right shade of red can be instrumental in the final result of your look. First things first, a great initial…
Read MoreRising food costs lift U.S. consumer prices in February
WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in February but are likely to decline in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to…
Read MoreFutures fall as investors wary of U.S. response to virus
(Reuters) – U.S. stock index futures fell more than 2% on Wednesday after strong gains in the previous session, on skepticism about President Donald Trump’s stimulus plan to combat the economic impact of the coronavirus epidemic. Expectations that Trump would…
Read MoreStocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. The…
Read MoreOil rises for second day amid hopes for output cut by U.S. producers
TOKYO (Reuters) – Oil prices climbed for a second day on Wednesday, lifted by hopes that U.S. producers will cut output, but gains were limited compared with Monday’s crash after Saudi Arabia and Russia triggered a price war. Brent crude…
Read MoreWells Fargo CEO tells Congress bank has doubled down on regulatory issues
(Reuters) – New Wells Fargo & Co (WFC.N) Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of its remediation efforts and contingency plans related to coronavirus….
Read MoreU.S. senator calls for action on forced labor in China's Xinjiang
WASHINGTON (Reuters) – A senior U.S. senator on Tuesday accused U.S. firms of willfully ignoring “horrific” forced labor conditions in China’s Xinjiang region and called on the Commerce Department to stop American companies and consumers buying goods produced by such…
Read MoreWells Fargo CEO tells Congress bank has doubled down on regulatory issues
(Reuters) – New Wells Fargo & Co (WFC.N) Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of its remediation efforts and contingency plans related to coronavirus….
Read MoreStimulus hopes buoy Wall Street after rout
(Reuters) – Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks after global markets plummeted in the previous session on fears of a coronavirus-driven recession. Traders now expect the Federal Reserve to…
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