Category: Business News

Case Closed (1-43) – Episode 3 – Beware of Idols

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Lawmakers Close In on Spending Deal to Avert Shutdown

Lawmakers Close In on Spending Deal to Avert Shutdown

WASHINGTON—Lawmakers are aiming to unveil Friday a bipartisan spending bill averting a government shutdown next month, but Democrats and Republicans remain at an impasse over another round of coronavirus relief despite President Trump’s renewed interest in a deal. House Speaker Nancy Pelosi (D., Calif.) and Treasury Secretary Steven Mnuchin agreed earlier this month to pass…

Fed Signals Interest Rates to Stay Near Zero Through ​2023

Fed Signals Interest Rates to Stay Near Zero Through ​2023

WASHINGTON—The Federal Reserve pledged to support the economic recovery by setting a higher bar to raise interest rates and by signaling it expected to hold rates near zero for at least three more years. In new projections released Wednesday after a two-day policy meeting, all 17 officials who participated said they expect to keep rates…

FedEx Logs Record Revenue on Surge in Packages

FedEx Logs Record Revenue on Surge in Packages

Christmas came in July for FedEx Corp. The delivery company posted the highest quarterly revenue in its history as the coronavirus pandemic spurred residential-shipment levels normally seen during the holiday season. FedEx shipped 31% more packages a day through its Ground network during the summer months. The extra cargo boosted profit more than 60% for…