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A US survey reveals that those who have been working from home during the pandemic would rather continue doing so, at least for a few days a week.
NEW YORK: One key investor takeaway from Federal Reserve Chair Jerome Powell's press conference on Wednesday: This central bank is not going to break a sweat fretting about future asset bubbles.
WASHINGTON, Sept. 11 (Xinhua) -- U.S. consumer prices continued to rebound in August with the reopening of the economy, but the overall inflation is expected to remain subdued due to the pandemic.
NEW YORK: J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at US$1.75 billion to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following the coronavirus pandemic, a company lawyer said.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc said on Friday it had cut its Wells Fargo & Co stake to 3.3%, further reducing what had once been a US$32 billion investment in the bank.
WASHINGTON, Sept. 4 (Xinhua) -- The U.S. unemployment rate continued to drop in August, reflecting the slow recovery of the nation's pandemic-ravaged labor market. But analysts said the momentum seems to be fading, with an uncertain path hinging on the virus.
WASHINGTON, Sept. 3 (Xinhua) -- The U.S. services sector expanded in August for the third consecutive month, but the pace of growth slowed, the Institute for Supply Management (ISM) reported Thursday.
WASHINGTON, Sept. 3 (Xinhua) -- The number of initial jobless claims in the United States last week fell to 881,000, after staying above the 1 million mark for two consecutive weeks, indicating improvement in a labor market ravaged by the COVID-19 crisis.