With WHO finally classifying China’s coronavirus as pandemic, U.S. Senate Finance Committee Chairman Chuck Grassley stated, a payroll tax cut was among the options being tabled to offset the economic impact of the coronavirus. “If you’re going to negotiate in… Read More ›
U.S
Tesla scouting for new U.S. Gigafactory in central U.S.
Testla Inc is looking for a new U.S. location to build its Cybertruck Gigafactory. In a tweet, Tesla’s Chief Executive Officer, Elon Musk said, he was looking for locations in the central United States to build the company’s new Gigafactory… Read More ›
Wells Fargo not complying with terms of settlements related to sales scandal: Congressional report
According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
JetBlue, United Airlines implementing spending cuts backed on reduced air travel demand
JetBlue Airways Corp and United Airlines Holdings Inc have cut down flights and have implemented cost controls measures in the wake of China’s coronavirus spreading in the United States depressing travel demand. In a letter to employees, United Airlines announced… Read More ›
Federal Reserve likely to trim interest rates before March 17-18 meeting: Goldman Sachs economists
Economists ar Goldman Sachs have predicted that the U.S. Federal Reserve is likely to cut interest rates before its next scheduled meeting in two weeks time, citing an unscheduled statement from the head of the U.S. central bank on Friday…. Read More ›
Pandemic fears spreads, markets shed $3 trillion
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
Trump-Modi agree to promptly conclude U.S.-India trade deal: White House
In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India… Read More ›
U.S. FAA to pay $90k to aviation safety inspector who disclosed unqualified flight safety inspectors at Boeing
In a statement, the U.S. Federal Aviation Administration (FAA) stated, it has agreed to pay $90,000 to an aviation safety inspector who raised concerns about unqualified flight safety inspectors. The U.S. Office of Special Counsel (OSC) which reviews whistleblower allegations… Read More ›
SEC investigating improper payments by Thales-Raytheon Systems in the Middle East since 2014
In a filing, Raytheon has disclosed, it has received a subpoena from the U.S. Securities and Exchange Commission (SEC) related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014. The… Read More ›
China will cut tariffs on select U.S. products by 50%
On Thursday, China said it will reduce tariffs on select goods which it imports from the United States by 50% starting from 1:01 p.m. local time (0501 GMT) on February 14 and said, it hopes to work with the U.S…. Read More ›