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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Mar 04, 2020
Page
5
Eurostat reports consumer prices in the euro zone up 1.2 percent year on year in February, down from 1.4 percent prior, with energy prices including a 0.3 percent annual drop and core inflation ticking up to 1.2 percent.
The Federal Reserve slashed the benchmark rate by half a percentage point to support the economy as the coronavirus spreads. Jerome Powell called the virus a rising risk to activity, marking the first cut between meetings since 2008 and the largest since then. Dow swings amid mixed reaction as markets weigh growth, travel bans, and bank stock declines.
Australian Associated Press will close in late June after 85 years in business due to declining subscribers and free digital distribution. The decision, announced by owners News Corp Australia Nine Entertainment Seven West Media and Australian Community Media, ends a staple of impartial reporting with over 170 journalists ceasing by June 26 and Pagemasters closing by end of August.
Target reported a solid annual profit outlook as fourth quarter earnings rose to 834 million dollars, 1.65 per share, with revenue 23.13 billion and 1.5 percent comparable sales. The retailer cited minimal near term impact from the virus and noted online sales up 20 percent, while traditional toy and electronics demand remained soft.
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