CNBC | Evelyn Cheng | Apr 24, 202 Key Points China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports. McDonald’s and Subway are reportedly two American firms among 19 companies participating in the trial. The People’s Bank of China (PBOC) has been
Airbus will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at stake.
Harvard Business Review | Remko van Hoek and Mary Lacity | Apr 27, 2020 Because blockchain technologies are uniquely suited to verifying, securing and sharing data, they’re ideal for managing multi-party, inter-organizational, and cross-border transactions. Over the past five years, enterprises across the globe have vetted the technology with thousands of proofs of concept, but live
If you're eagerly waiting for your $1,200 government check, you may have tried the Get My Payment web tool to find out the status of your money or enter in your direct deposit information. Now, that site has gotten an upgrade to make it easier to use.
Jeffrey Gundlach said a popular ETF is incredibly overvalued given some of the Fed's actions to support the economy during coronavirus pandemic.
U.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small business aid released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour.
The New York Times | Erin Griffith and David McCabe | Apr 27, 2020 Some young companies have turned to the government loans not for day-to-day survival but simply to buy useful time. Domio, a start-up that offers short-term rentals, has its headquarters in a New York City loft that features beer on tap, a
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
Global stock markets rose on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.
Instead, it will be Greg Abel, Berkshire's vice chairman of non-insurance operations, taking previously submitted questions with Warren Buffett.
Japan's Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales.
Any state support for Germany's largest airline, Lufthansa , must come with strings attached, a senior legislator for the Social Democrats said, suggesting that management should be banned from receiving dividends or bonuses.
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not.
Thousands of plaintiffs who say that Johnson & Johnson's baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials after a Monday ruling by a New Jersey judge.
U.S. President Donald Trump will meet with American textile industry representatives on Monday as clothiers seek to shift their production lines to face masks and other critical items amid the coronavirus outbreak, the White House said.