Focus Washington - Page 24 of 49 from

News Ticker

[ September 29, 2023 ] Iranian Navy Repeatedly Aimed Laser at American Military Helicopter Politics
[ September 29, 2023 ] Zelensky, Navalny Among Favorites for Nobel Peace Prize NGO
[ September 28, 2023 ] Disputed Nagorno-Karabakh Republic to Cease to Exist on January 1 Politics
[ September 28, 2023 ] Poland Might Seek Extradition of Ukrainian Nazi Veteran that Embarrassed Canada Politics
[ September 27, 2023 ] UN Women’s Bahous Asks UN to Declare ‘Gender Apartheid’ in Afghanistan NGO

Weekly Jobless Claims Rise Unexpectedly, Total 870,000

September 24, 2020 Focus Washington

The number of first-time filers for unemployment benefits were slightly higher than expected last week as the labor market continues its sluggish recovery from the coronavirus pandemic, CNBC reported. The Labor Department reported Thursday that […]

JPMorgan to Pay Almost $1bn Fine to Resolve US Investigation Into Trading Practices

September 23, 2020 Focus Washington

JPMorgan Chase is close to paying almost $1 billion to resolve government investigations into the alleged manipulation of metal and Treasuries markets, according to a person with knowledge of the matter, CNBC reported. A settlement […]

Elon Musk

Tesla’s Value Drops $50 Billion as Musk’s Promised Cheaper Battery Three Years Away

September 23, 2020 Focus Washington

Investors slashed $50 billion from Tesla’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at […]

Fed Chief Powell Slated for First of Week’s Three Congressional Appearances

September 22, 2020 Focus Washington

U.S. Federal Reserve Chair Jerome Powell on Tuesday makes the first of three appearances on Capitol Hill this week to address lawmakers’ questions and concerns about the raft of emergency measures the central bank has […]

stock exchange chart illustration

Investors Brace for Months of Big Market Swings as Virus, Political Worries Loom

September 22, 2020 Focus Washington

Investors are bracing for an extended period of market volatility as worries over a potential resurgence in coronavirus cases and political uncertainty roil stocks, Reuters reported. The Cboe Volatility Index, known as “Wall Street’s fear […]

Trump Says Aides Rejected His Request to Adjust Value of Dollar

September 22, 2020 Focus Washington

President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its yuan, […]

Dow Futures Plunge 500 Points, Adding to the Market’s 3-Week Losing Streak

September 21, 2020 Focus Washington

U.S. stock futures fell sharply early Monday, as uncertainty over the future of the U.S. Supreme Court and the possibility of additional stimulus rattled investors, CNBC reported. Dow Jones Industrial Average futures indicated an opening […]

Leaked U.S. Government Files Suggest Deutsche Bank Tops List of Suspicious Transactions

September 21, 2020 Focus Washington

Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades, reported German broadcaster Deutsche […]

ByteDance Says TikTok Will Be Its Subsidiary Under Deal With Trump

September 21, 2020 Focus Washington

China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle and Walmart said over the weekend that they and U.S. investors would own the majority of the video app […]

Oil Sector Could Face Even More Distress During Coronavirus Crisis as It Struggles to Draw Investments

September 17, 2020 Focus Washington

Oil prices have plunged during the pandemic and the sector’s crisis could get worse as new investments are unlikely to flow in, experts said at an energy conference this week, CNBC informed. Pandemic-related movement restrictions […]

US and China will meet for the first time at a high level since Russia's attack on Ukraine as Biden tries to get Beijing's help with the war.

ByteDance Says TikTok Proposal Will Need Both Chinese and U.S. Approval

September 17, 2020 Focus Washington

ByteDance’s proposal for U.S. software firm Oracle to become a technology partner in its TikTok app will ultimately need approval from both Chinese and U.S. officials, the company said on Thursday, Reuters reported. The proposal, […]

Fed Projections Show Smaller Economic Hit From Virus in 2020

September 17, 2020 Focus Washington

The U.S. Federal Reserve boosted its view of the American economy’s recovery from the coronavirus crisis on Wednesday, projecting the pandemic will take a slightly smaller bite from the economy this year with three years […]

Congressional Report Faults Boeing, FAA for 737 Max Failures as Regulators Close in on Recertification

September 16, 2020 Focus Washington

Numerous design, management and regulatory failures during the development of the 737 Max preceded the “preventable death” of 346 people in two crashes of the popular Boeing jetliner, according to a damning congressional report released […]

US and China will meet for the first time at a high level since Russia's attack on Ukraine as Biden tries to get Beijing's help with the war.

WTO Finds Washington Broke Trade Rules by Putting Tariffs on China

September 16, 2020 Focus Washington

The World Trade Organization found on Tuesday that the United States breached global trading rules by imposing multibillion-dollar tariffs in President Donald Trump’s trade war with China, a ruling that drew anger from Washington, Reuters […]

Fed Expected to Raise Economic Forecasts

September 16, 2020 Focus Washington

The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts but a renewed pledge to keep interest rates low for as long as the world’s biggest […]

US and China will meet for the first time at a high level since Russia's attack on Ukraine as Biden tries to get Beijing's help with the war.

U.S.-China Tensions Don’t Eliminate Opportunities for Investors

September 15, 2020 Focus Washington

Investors should not be “too bearish” about the markets even if tensions between the U.S. and China continue to rise, the chief executive of South Korea’s sovereign wealth fund said this week, CNBC reports. That’s […]

stock exchange chart illustration

World Shares Struggle to Shake off Bearish Mood as U.S. Tech Giants Wobble

September 11, 2020 Focus Washington

Share markets struggled globally on Friday in a shadow cast by overnight falls in U.S. big tech shares, as well as doubts about the prospects for a U.S. stimulus after the Senate rejected a Republican […]

Weekly Jobless Claims Miss Estimates as Employment Gains Taper Off

September 10, 2020 Focus Washington

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic, CNBC reported. The Labor Department reported 884,000 first-time filings […]

Wall Street Sees a Bright Side in ‘Healthy’ Tech Selloff

September 10, 2020 Focus Washington

Some of Wall Street’s biggest players are viewing the stock market’s recent tech-led selloff as a bout of turbulence rather than the start of a longer slide — and they don’t see it as a […]

U.S. Firms in China Increasingly Fear Bilateral Tensions Will Last for Years

September 9, 2020 Focus Washington

U.S. companies in China are increasingly fretful that trade tensions between the world’s two biggest economies will drag out over years and nearly a third said their ability to retain staff had been affected, a […]

Trump Touts Big Job Gains, Says the U.S. Is ‘Rounding the Corner’ on the Coronavirus

September 8, 2020 Focus Washington

President Donald Trump predicted a sharp economic rebound next year and said Monday the U.S. is “rounding the final turn” on the coronavirus pandemic, CNBC reported. Speaking to reporters from the North Portico of White […]

Oil Prices Fall on Demand Fears as U.S. Summer Driving Season Ends

September 8, 2020 Focus Washington

Oil prices fell on Tuesday amid concerns over fuel demand as the peak U.S. driving season drew to a close and the U.S. Labor Day long weekend added to worries over rising coronavirus cases in […]

Fed’s Strategy Shift to Bind Big Central Banks From Frankfurt to Tokyo

September 7, 2020 Focus Washington

The U.S. Federal Reserve’s landmark shift to a more tolerant stance on inflation will be a drag on the dollar for years and will raise hard questions about the role of central banking, challenging policymakers […]

China’s Yuan Could Become the World’s Third Largest Reserve Currency in 10 Years, Morgan Stanley Predicts

September 4, 2020 Focus Washington

Increased foreign investment into Chinese markets could boost the usage of the yuan, pushing it to become the third largest reserve currency in the world — behind only the U.S. dollar and the euro, Morgan […]

U.S. Job Growth Seen Slowing in August

September 4, 2020 Focus Washington

U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession, Reuters informed. The Labor Department’s closely watched employment report on Friday […]

stock exchange chart illustration

Stocks Rise as Recovery Hopes Gather Strength

September 2, 2020 Focus Washington

Shares gained on Wednesday as investors bet that improving economic data and more policy stimulus from Washington would sustain momentum for equities, Reuters informed. European stocks followed Asia’s lead, advancing in early trading and on […]

Former McDonald’s Franchisees Sue Chain for Racial Discrimination

September 1, 2020 Focus Washington

More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging that it denied them the same opportunities as white operators and pushed them out of the system, CNBC reported. The […]

Oil Prices Rise 1% as Mood on Dollar Sours

September 1, 2020 Focus Washington

Oil prices gained on Tuesday, reversing overnight losses, as investors moved into risk assets and stayed away from the safe-haven U.S. dollar which hit multi-year lows, Reuters informed. Brent crude LCOc1 futures climbed 47 cents, […]

Dollar Set for Worst August in Five Years

August 31, 2020 Focus Washington

The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking […]

Fed Adopts Average Inflation Target, Elevates Jobs Focus

August 27, 2020 Focus Washington

The Federal Reserve on Thursday rolled out a sweeping rewrite of its approach to monetary policy, putting new weight on bolstering the U.S. labor market and less on worries about too-high inflation, Reuters reported. The […]

© 2018 Focus Washington