A WTO logo is pictured on their headquarters in Geneva

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A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse

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By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday’s steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy. The U.S. central bank relaunched […]
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Wells Fargo to pay special compensation to front-line workers amid coronavirus outbreak

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By Imani Moise (Reuters) – Wells Fargo & Co <WFC.N> will join other large U.S. banks in paying out special compensation to front-line employees, according to a memo seen on Monday by Reuters. The San Francisco-based bank said all of its domestic full-time employees who make less than $100,000 a year would receive a pre-tax […]
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Oil jump lifts Wall Street as jobless claims data surges

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By Chuck Mikolajczak (Reuters) – U.S. stocks rallied on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns. The S&P energy index <.SPNY>, down […]