boston

Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

The Federal Reserve may need to run a “high-pressure economy” to reverse damage from the 2008-2009 crisis that depressed output, sidelined workers, and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short. Prices on longer dated U.S. Treasuries

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Fed’s Yellen says ‘high-pressure’ policy may be only way back from crisis

boston

U.S. small businesses boost hiring in January: NFIB

U.S. small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday. The monthly survey of the National Federation of Independent Business showed that 52 percent of respondents said they were hiring or trying…

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U.S. small businesses boost hiring in January: NFIB

boston

GM, Lyft announce $500 million investment by automaker and strategic alliance

By Steve Trousdale SAN FRANCISCO (Reuters) – General Motors Inc and Lyft Inc Monday announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part of a $1 billion fund-raising round by the ride-sharing service. The two companies said the partnership, which involves one of…

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GM, Lyft announce $500 million investment by automaker and strategic alliance

boston

Fidelity drops credit card partners American Express, Bank of America

By Tim McLaughlin BOSTON (Reuters) – Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp , ending a 12-year partnership that has generated billions of dollars in fees. Boston-based Fidelity, which has 24 million customers, said its new partners will be U.S. Bancorp and

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Fidelity drops credit card partners American Express, Bank of America