Business & Market News

Fed's Powell warns coronavirus recovery could stretch through end of 2021 Powell appeared to push back against the possibility of a so-called "V-shaped" rebound, noting it was "unlikely" the U.S. will bounce back to pre-crisis levels by the end of the year.   via FOX BUSINESS NEWS https://ift.tt/368Odad

Fed's Powell: GDP could sink by 30% in second quarter, may turn positive in third quarter In a "60 Minutes" interview with Scott Pelley on Sunday, Federal Reserve Chairman Jerome Powell predicted the economy would "decline substantially" in the second quarter, as much as four times compared to the previous year.  via FOX BUSINESS NEWS https://ift.tt/2AAMfDT

China asks United States to stop 'unreasonable suppression' of Huawei The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment. via FOX BUSINESS NEWS https://ift.tt/2zDQFtf

Companies race to develop a coronavirus vaccine Barron's markets editor Ben Levisohn, Barron's reporter Carleton English and Barron's associate editor Jack Hough take a look at the companies pushing to develop a coronavirus vaccine and what companies are doing to prevent coronavirus in their workplaces once employees return. via FOX BUSINESS NEWS https://ift.tt/2X3k6wG

China is ‘profiteering’ from coronavirus: Peter Navarro White House trade adviser Peter Navarro says the Chinese government is allegedly trying to hack our scientists’ networks to steal coronavirus vaccine information and later argues China could have contained coronavirus by not letting Wuhan citizens travel abroad. via FOX BUSINESS NEWS https://ift.tt/2LuqhEX

What to know about Facebook, the social media empire with almost 3B users Here’s what you need to know about Facebook, from how many people use the platform to how much its annual revenue is. via FOX BUSINESS NEWS https://ift.tt/364TOi3

Tesla's Texas taxes: Elon Musk could benefit from Lone Star State Gigafactory Musk has reportedly zeroed in on the emerging tech hub of Austin. via FOX BUSINESS NEWS https://ift.tt/2TbZFg3

Lawmakers can protect the elderly and reopen the economy: Bobby Jindal Former Louisiana Gov. Bobby Jindal (R) discusses the importance of reopening the economy and argues the rising death toll in nursing homes was an avoidable tragedy. via FOX BUSINESS NEWS https://ift.tt/2zMu4KX

Reopening America's economy is a necessity: Sen. Tim Scott Sen. Tim Scott, R-S.C., stresses the importance of responsibly reopening the economy while also practicing social distancing so people can work and pay their bills. via FOX BUSINESS NEWS https://ift.tt/2zJ8bw2

Brewery co-owner gets creative during coronavirus pandemic The North Brewery co-owner Zach Pedley discusses how the company remained financially stable during coronavirus by offering virtual beer tasting and curbside orders for customers. via FOX BUSINESS NEWS https://ift.tt/2LwBNiX

College campuses should aim for in-person instruction: Hoover Institute fellow Hoover Institution fellow Lanhee Chen weighs in on whether or not the Centers for Disease Control and Prevention should provide guidance for schools and colleges throughout the United States. via FOX BUSINESS NEWS https://ift.tt/3cC04Ad

White House aims to target Huawei, protect sensitive tech FOX Business' Hillary Vaughn discusses the White House's efforts to ban semiconductor sales to Huawei. via FOX BUSINESS NEWS https://ift.tt/2T5UgXS

Trump touts 'super-duper' high-speed missile Trump also unveiled the flag for the U.S. Space Force on Friday. via FOX BUSINESS NEWS https://ift.tt/2LtkQGi