Economists call for more direct cash payments tied to the health of the economy

(Reuters) – Direct cash payments can improve financial security, boost consumer spending and may speed up the recovery, according to a letter from a group of economists calling on U.S. policymakers to keep providing direct cash payments to Americans until the economy is stronger. The stimulus payments should be issued automatically, based on certain economic indicators such as the unemployment […]

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Republican Senator Grassley to skip party's convention due to virus concerns

NEW YORK (Reuters) – U.S. Senator Chuck Grassley will skip President Donald Trump’s presidential nomination at the Republican National Convention in August due to coronavirus concerns, a spokesman for the senator confirmed on Monday. The 86-year-old Iowa Republican has attended each of his party’s conventions since he was first elected to the Senate in 1980. His decision not to travel […]

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Wall Street gains on strong services sector data, China-led recovery hopes

(Reuters) – Wall Street’s major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China’s economic revival helped investors look past a surge in new cases of COVID-19 at home. The ISM’s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels, but a recent surge in […]

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Wall Street gains on surprise services data, China-led rebound hopes

(Reuters) – Wall Street’s major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China’s economic revival helped investors look past a surge in new cases of COVID-19 at home. The ISM’s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels, but a recent surge in […]

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Trudeau won't attend Washington summit, Mexican president says

MEXICO CITY (Reuters) – Canadian Prime Minister Justin Trudeau will not attend talks in Washington this week to mark the start of a new North American trade deal, Mexico’s president said, adding that the two leaders will instead talk by telephone later on Monday morning. President Andres Manuel Lopez Obrador is due to meet U.S. President Donald Trump at the […]

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Israel feels exposed as U.S. drops satellite-imaging cap

JERUSALEM (Reuters) – An Israeli official flagged a possible security risk on Monday following a U.S. move to allow American providers to sell clearer satellite images of Israel and the Palestinian territories. Under a 1997 U.S. regulation known as the Kyl-Bingaman Amendment, satellite images of Israel and the Palestinian territories used in services like Google Earth could show items no […]

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Dominican Republic eyes opportunities as U.S. firms adjust supply chains

WASHINGTON (Reuters) – U.S. companies are expanding and opening new plants in the Dominican Republic as they diversify their supply chains, moves that will help offset the economic impact of the new coronavirus pandemic, the Dominican economy minister said. Juan Ariel Jimenez told Reuters he expected the Caribbean island nation to boost exports by 5 to 10% in 2021, aided […]

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Wall Street jumps on record payrolls surge

NEW YORK (Reuters) – Wall Street advanced on Thursday as investors headed into their long holiday weekend buoyed by a record payrolls jump, which provided assurance that the U.S. economic recovery was well under way. All three major U.S. stock averages were more than 1% higher, with the S&P 500 set to post its fourth straight daily advance and the […]

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Wall Street jumps on record payrolls surge

NEW YORK (Reuters) – Wall Street advanced on Thursday as investors headed into their long holiday weekend buoyed by a record payrolls jump, which provided assurance that the U.S. economic recovery was well under way. All three major U.S. stock averages were more than 1% higher, with the S&P 500 set to post its fourth straight daily advance and the […]

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State Department warns top U.S. firms over supply chain risks linked to China's Xinjiang

WASHINGTON (Reuters) – The U.S. State Department warned top American companies including Walmart Inc(WMT.N), Apple Inc (AAPL.O)and Amazon.com Inc(AMZN.O) over risks faced from maintaining supply chains associated with human rights abuses in China’s western Xinjiang province, according to a letter seen by Reuters on Friday. “It is critical that U.S. companies and individuals be aware of the large-scale human rights […]

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