Fed chief says coronavirus surge starting to dent US economic recovery

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Fed chief says coronavirus surge starting to dent US economic recovery

(Reuters) – The surge in U.S. coronavirus cases and the restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, pointing to an apparent pullback by consumers and a slowdown …
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Qualcomm Inks Licensing Deal With Huawei Despite US-China Tensions

U.S. mobile-phone chip giant Qualcomm Inc. QCOM 1.73% said it resolved a protracted licensing dispute with China’s Huawei Technologies Co. and signed a long-term deal with the smartphone maker despite heightened tensions between the U.S. and …
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Alcohol E-Commerce Giant Drizly Hit With Huge Data Breach

Drizly announced it has been hit by a massive data breach. Around 2.5 million accounts on the alcohol delivery platform have been affected. The hacker got away with customer email addresses, dates-of-birth, and passwords. “Hashed passwords were taken, …
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'This Market Is Nuts': S&P 500 Hits Record, Defying Economic Devastation

Widespread economic devastation, severe unemployment and a grim prognosis for recovery have not stopped the stock market’s exuberance. And on Tuesday, that undying optimism propelled the market to a new high, pushing it past a milestone reached …
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MTA Buses Soon Will Resume Front Boarding, Fare Collection

NEW YORK CITY — Free rides on MTA buses during the coronavirus pandemic soon will end as the transit agency literally reopens long-closed doors. Front boarding on buses will resume Aug. 31, MTA announced Tuesday. The agency moved to rear …
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