Business – Buzz Insider

Fed says Powell has been working from home, observing mask and distance protocols

October 12, 2020October 6, 2020vtchildrenscampcom

Federal Reserve Chair Jerome Powell has been working from home while also following masking and social distancing protocols when in public, and has not felt it necessary to take a coronavirus test, the Fed said Friday in response to inquiries following the news that President Donald Trump has contracted COVID-19. A Fed spokesperson said in […]

Fed Chair Powell’s August was comparatively calm

October 11, 2020October 6, 2020vtchildrenscampcom

The U.S. economy isn’t back to normal, but Federal Reserve Chair Jerome Powell’s daily schedule is getting there. In August, for the first time since the crisis, Powell’s calendar – published Friday – showed no scheduled appointments on weekends. He had just five calls with Treasury Secretary Steven Mnuchin, fewer than in any month since […]

Trump’s diagnosis fuels uncertainty for skittish U.S. stock market

October 10, 2020October 6, 2020vtchildrenscampcom

Investors are gauging how a potential deterioration in President Donald Trump’s health could impact asset prices in coming weeks, as the U.S. leader remains hospitalized after being diagnosed with COVID-19. So far, markets have been comparatively sanguine: hopes of a breakthrough in talks among U.S. lawmakers on another stimulus package took the edge off a […]

U.S. oil refiners look to leapfrog Canadians in making renewable diesel

October 9, 2020October 6, 2020vtchildrenscampcom

U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by 2030. Renewable diesel, made by […]

Japan’s Sony and Kioxia seeking U.S. approval to supply to Huawei

October 8, 2020October 6, 2020vtchildrenscampcom

Japan’s Sony Corp and memory chipmaker Kioxia Holdings Corp have applied for U.S. approval to continue supplying Huawei Technologies Co Ltd, Nikkei reported on Sunday. If confirmed, the move follows other tech companies such as Intel Corp that recently received licences from U.S. authorities. With U.S.-China ties at their worst in decades, Washington has been […]

Honda confirms 17th U.S. death in Takata air bag rupture

October 7, 2020October 6, 2020vtchildrenscampcom

Honda Motor Co said on Saturday it has confirmed a 17th U.S. death tied to a faulty Takata air bag inflator. The Japanese automaker said that after a joint inspection with the U.S. National Highway Traffic Safety Administration (NHTSA), it confirmed a faulty air bag inflator was to blame for the Aug. 20 crash of […]

Chevron Nigeria plans to cut 25% of staff after oil price drop

October 6, 2020October 6, 2020vtchildrenscampcom

The Nigerian unit of oil major Chevron CVX.N plans to cut its local workforce by 25% to reduce costs, it said on Saturday, due to weak demand for oil in the wake of the coronavirus pandemic. The company, which operates a joint venture with Nigeria’s state-owned NNPC, said it needed to make the adjustments to […]