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U.S. consumer spending could see one-two punch from stocks drop, coronavirus
By Jonnelle Marte NEW YORK (Reuters) – The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending – even before other economic effects of the disease are felt. […]
Tesla cuts contractors from California, Nevada factories: CNBC
(Reuters) – Tesla Inc <TSLA.O> is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency. The electric carmaker is axing contractors at both its vehicle assembly plant in Fremont, California, and at its Gigafactory outside of Reno, Nevada, according to the CNBC report https://cnb.cx/2UZf5EH. […]
Senate committee unanimously approves Yellen nomination for U.S. Treasury secretary
FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka BerrYWASHINGTON (Reuters) – The U.S. Senate Finance Committee voted unanimously to approve Janet Yellen as the first woman Treasury secretary on Friday, […]