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Money & Markets

Fed supported advance notice before changing bond purchases

WASHINGTON — Federal Reserve officials last month supported providing advance notice before the central bank makes changes to its $120 billion in monthly bond purchases. The minutes of those discussions released Wednesday show wide support for adding language to the Fed’s policy statement ...

Late sales rebound helps US automakers avoid 2020 disaster

DETROIT — Sales of new vehicles in the U.S. fell 14.6 percent last year, but a second-half rebound from a coronavirus-related plunge in the spring kindled optimism for a recovery later this year. Automakers on Tuesday reported selling 14.57 million new vehicles for the year, a far cry from ...

Fiat Chrysler, Peugeot shareholders approve merger

MILAN — Shareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry. Addressing separate meetings, PSA Peugeot CEO Carlos ...

Britain ends long Brexit journey with economic break from EU

LONDON — Britain’s long and sometimes acrimonious divorce from the European Union ended Thursday with an economic split that leaves the EU smaller and the U.K. freer but more isolated in a turbulent world. Britain left the European bloc’s vast single market for people, goods and ...

Trump’s $2K checks stalled in Senate, GOP blocks vote

WASHINGTON — President Donald Trump’s push for bigger $2,000 COVID-19 relief checks stalled out Tuesday in the Senate as Republicans blocked a swift vote proposed by Democrats and split within their own ranks over whether to boost spending or defy the White House. The roadblock mounted ...

UK warns of ‘bumpy’ post-Brexit transition despite deal

LONDON — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses Monday to get ready for disruptions and “bumpy moments” when the new ...