Empower Retirement acquires Personal Capital in billion-dollar deal

Empower Retirement, the Greenwood Village financial firm with its name on Mile High Stadium, has made a major acquisition to fill out its roster. The company announced Monday that it would acquire Personal Capital, a digital wealth management firm, for

U.S. consumer spending rebounds, falling income a threat

WASHINGTON (Reuters) – U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.

Global stocks, oil and euro gain despite surging coronavirus cases

LONDON (Reuters) – Markets showed signs of optimism on Friday, with European shares gaining for a second consecutive day, oil prices rising and the dollar falling, despite a record number of new COVID-19 infections in the United States. Coronavirus cases

Major U.S. airline CEOs to hold White House meeting Friday

WASHINGTON/CHICAGO (Reuters) – The CEOs of major U.S. airlines are set to hold a meeting Friday to discuss several coronavirus-related travel issues, including a push to convince the federal government to mandate temperature checks for passengers, three people briefed on

Major U.S. airline CEOs to hold White House meeting Friday: sources

WASHINGTON/CHICAGO (Reuters) – The chief executives of major U.S. airlines are set to hold a meeting Friday to discuss a range of coronavirus-related travel issues including the industry’s push to convince the federal government to mandate temperature checks for passengers,

Fuel demand accelerates but new virus wave may slam on the brakes

LONDON/NEW YORK (Reuters) – Fuel demand is gradually recovering as coronavirus lockdown measures ease around the globe but a second wave of infections could swiftly undermine the trend, industry data showed. Road traffic in some of the world’s major cities