Some of Thursday’s top business news stories:
Associated Press
Fed sees dim economic outlook as virus squeezes economy, by Christopher Rugaber
US energy use hit 30-year low during pandemic shutdowns, by Matthew Brown
CNN
Clarisonic is shutting down. Its devoted fans are panicking, by Parija Kavilanz
Europe’s banks set aside billions more as they brace for bad debts, by Hanna Ziady
The Wall Street Journal
Big Tech’s Power Comes Under Fire at Congressional Antitrust Hearing, by Ryan Tracy
Boeing Plans Deeper Job, Production Cuts, by Doug Cameron, Andrew Tangel
CNBC
‘We’re running out of homes for sale,’ Lake Tahoe brokers say as tech workers flee Bay Area, by Robert Frank
J.C. Penney liquidation ‘not in the cards,’ as retailer moves toward a sale this fall, by Lauren Thomas
Reuters
China needs ‘explosive’ buying to meet U.S. farm import target, by Hallie Gu, Karl Plume
Shell avoids loss with strong trading, wipes $17 billion off assets, by Ron Bousso, Shadya Nasralla
News about business journalism
Consumer Reports editor Salvatore departs; Kunes named editorial director of print
How the FT increased reader returns to its app
Bloomberg Radio reinstates Di Caro
