Trump administration wants changes to global tariffs

Fox Business Flash top headlines for June 16 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Global trade and tariffs will be a focus on Capitol Hill on Wednesday. Continue Reading Below U.S. trade representative Robert Lighthizer will present the Trump administration's plans to have the World Trade Organization's policies updated. GET FOX BUSINESS ON […]

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Reserve Bank of India May Look at Japan Playbook to Tame Yields

India’s central bank may adopt its own version of yield-curve control as it digs deeper into its toolbox to cushion the economy during the coronavirus pandemic, according to a unit of the country’s second-largest private lender. The Reserve Bank of India may buy debt at irregular intervals to tame spikes in yields as it seeks to accelerate transmission of cuts […]

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Walmart tests self-checkout only location with no cashiers

Walmart CEO wants company to hire more black associates Walmart CEO Doug McMillon released a statement saying the company must go further in hiring more black associates across all levels and positions. A Walmart in Fayetteville, Arkansas is reimagining the shopping experience during the coronavirus pandemic by using self-checkout counters only, in lieu of cashiers. Continue Reading Below A spokesperson for the company told […]

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Italy Urged by EU Leaders to Use Recovery Plan to Speed Reforms

In this article European Central Bank President Christine Lagarde and European Commission President Ursula von der Leyen are among leaders urging Italy to take advantage of the region’s proposed 750 billion-euro ($852 billion) recovery plan to speed up structural reforms. The so-called Next Generation EU plan is a “unique opportunity for Italy,” Von der Leyen said in a video message […]

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Tesla vs. Nikola: What to know

Why are Tesla, Nikola making electric cars when demand isn’t there? The Car Coach Lauren Fix says the only reason car manufacturers are making electric vehicles is because they’re pressured by governments. Serbian-American inventor Nikola Tesla might never in a million years have predicted that two publicly traded electric-car makers would be named after him. Continue Reading Below But that's exactly […]

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US economy won't get back to 'normal' anytime in the near future: John Layfield

Reopening the economy is up to legislators: Federal Reserve Federal Reserve Chairman Jerome Powell says helping the 24 million people who lost their jobs during the coronavirus pandemic may require additional action from Congress. The  U.S. economy will not return back to “normal” anytime soon, according to the Layfield Report CEO John Layfield. Continue Reading Below Layfield said that because there […]

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Starbucks Sees $3.2 Billion Virus Hit, Plans New Cafe Format

Starbucks Corp. expects the coronavirus pandemic to reduce sales this quarter by as much as $3.2 billion, dragging down the coffee chain’s performance as it sees a recovery stretching into next year. The company, which like other restaurants has had a difficult time offering guidance, said Wednesday it expects to report an adjusted loss of 55 to 70 cents a […]

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