Stuff that matters
Lawyers for Huawei Chief Financial Officer Meng Wanzhou told a court on Wednesday that U.S. President Donald Trump’s interference has complicated her extradition case as they pushed to add another charge to the abuse of the process claims. The arguments Read more
U.S. private employers stepped up hiring in September, but diminishing government financial assistance and a resurgence in new COVID-19 cases in some parts of the country could slow the labor market’s recovery from the pandemic. Other data on Wednesday confirmed Read more
Asana Inc ASAN.N was valued at more than $4 billion in its New York Stock Exchange debut on Wednesday, after the workplace software maker went public through a direct listing rather than a traditional initial public offering. Asana’s stock opened Read more
Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, said it would lay off about 2,050 employees, or 12% of its workforce, at its U.S. operations, excluding Speedway, as the COVID-19 pandemic crushed global demand for motor fuels. The workforce Read more
From a restaurant mixing take-away cocktails to a cosmetics company delivering home-made products by bicycle, Cuba’s entrepreneurs – no strangers to hardship – are coping with the coronavirus shutdown in innovative ways. Except for a few offshore resorts, Cuba’s Communist Read more
Global benchmark Brent crude pared losses Wednesday and the U.S. crude price rose on hopes that a U.S. economic stimulus deal would support the market, even as concerns about the coronavirus pandemic continued to loom over demand forecasts. U.S. House Read more
The U.S. Federal Reserve will curb big bank capital distributions through the end of the year, meaning the likes of JPMorgan Chase & CoJPN., Citigroup Inc.C.N, Wells Fargo & CoWFC.N and Bank of America Corp.BAC.Nwill be barred from share buy Read more