Jerome H. Powell, the chair of the Federal Reserve, and Steven Mnuchin, the secretary of the Treasury, are testifying before the Senate Banking Committee. In prepared remarks, they painted starkly different visions of the challenges facing the United States economy in the months ahead, further exposing a rift that began to show earlier this month.
Apple is shuttering all 53 of its stores in California, as well as more than a dozen stores across Tennessee, Brazil, Mexico and the United Kingdom, because of a surge of coronavirus cases in those places, the company said. “Due to current Covid-19 conditions in some of the communities we serve, we are temporarily closing […]
(File photo) NEW DELHI: Toyota Motor is set to enter the sub-Rs 10 lakh SUV category in India, riding on its partnership with Maruti Suzuki. The company will drive in the sub 4-meter SUV, to be called ‘Urban Cruiser’, and the model — its cheapest off-roader ever in the market — will be sourced from […]
The uncertainty around holiday spending has been exacerbated as retailers pushed annual sales events into October, in a bid to jump-start the season and prevent crowded stores and shipping delays in November. Many major chains reported sales gains in October, but they were not certain about how that would affect spending in November and December. […]