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Wall Street ends mixed as China-U.S. tensions weigh

Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertaiRead More



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Reuters: Business News

KFC to test revamped sandwich after last year's New! 2020-05-26 09:04:16Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reigni

French restaurant ruling puts coronavirus claims on global New! 2020-05-26 08:41:49AXA said on Tuesday it would meet the bulk of business interruption claims from some restaurant owners in France after it lost a court case that was

Supercar maker McLaren to cut 1,200 jobs across New! 2020-05-26 08:39:56British supercar maker McLaren Group said on Tuesday it would cut 1,200 jobs under a proposed restructuring programme as it deals with the impact of t

NYSE to reopen trading floor closed by coronavirus New! 2020-05-26 08:31:15The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 2

Qatar Airways plans summer flights to over 80 New! 2020-05-26 08:30:16Qatar Airways said on Twitter on Tuesday that it planned to fly a summer schedule to over 80 destinations worldwide.

Uber cuts 600 jobs in India as lockdown New! 2020-05-26 08:25:05Uber Technologies Inc will cut around 600 jobs in India as part of its plans to lay off 23% of its global workforce, as the company navigates a lockdo

Oil prices climb as faith in supply cuts New! 2020-05-26 08:22:32Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand pic

Europe's travel sector soars, S&P 500 to break New! 2020-05-26 08:15:31World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors shrugged off Sino-U.S. tensions to focus on more stimulu

Macy's announces $1 billion bond offering to repay New! 2020-05-26 08:09:58Macy's Inc said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds

Exclusive: ECB prepares for the worst: life without New! 2020-05-26 08:03:02The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Ger

S&P 500 futures surge on recovery, vaccine hopes New! 2020-05-26 07:58:56U.S. stock futures surged on Tuesday as business restarts and optimism about a potential coronavirus vaccine helped investors returning from a long we

Sanofi shares down despite $13 billion Regeneron payday New! 2020-05-26 07:54:54Shares in Sanofi fell on Tuesday despite the French drugmaker's impending $13 billion payday from selling most of its 20.6% stake in U.S. partner Re

BBC News - Business

Coronavirus: World Bank warns 60m at risk of 2020-05-19 23:51:46The financial impact of the coronavirus is hitting poor nations hard and destroying millions of livelihoods.

Coronavirus lockdown: The Indian migrants dying to get 2020-05-19 19:11:49Many poor Indians, fleeing hunger in locked down cities, have died of exhaustion or in accidents.

Johnson & Johnson to stop selling baby powder 2020-05-19 19:03:57The healthcare giant faces thousands of lawsuits from consumers claiming talc caused their cancer.

Facebook Shops: Online stores open on Facebook and 2020-05-19 13:35:37From brand pages to live streams, Facebook is rolling out new shopping features across its apps.

EasyJet admits data of nine million hacked 2020-05-19 12:58:53The attack was "sophisticated" the airline said, adding that some credit card details had been accessed.

Coronavirus: No guarantee of quick economic bounceback, warns 2020-05-19 12:46:44Chancellor Sunak says a swift UK economic recovery is "not obvious", as jobless claims soar in April.

Mirrors and garden shears prices set to fall 2020-05-19 11:38:07The government said it has removed import levies on items worth more than £30bn.

Coronavirus: UK tourism boss backs call for 'air 2020-05-19 09:22:34Air bridges would allow visitors from low-risk countries into the UK without having to quarantine.

Coronavirus: Bosses' bonuses banned in exchange for virus 2020-05-19 05:53:27The Treasury and the Bank of England will restrict company payouts for firms seeking taxpayer funds.

Thai Airways saved from the brink by government 2020-05-19 04:24:24Thailand's national carrier had been waiting for the government to approve its restructuring plan.

Oil on stormy market waters 2020-05-19 03:41:47.

Nasdaq to tighten rules amid concerns over Chinese 2020-05-19 02:55:36The move comes as tensions rise between there US and China and the Luckin Coffee scandal.

Economy

Trump projects a sense of normal, but West 2020-05-18 04:30:48The White House is struggling to keep its leaders and staffers safe while pushing for the reopening of America.

'Immunity passports' won't reopen America 2020-05-18 04:30:39Antibody apps may still find a niche in the workplace.

Fed’s Powell warns unemployment could reach Depression-level 25 2020-05-17 20:42:20The Fed chief expressed hope that the economy would come out of recession in the second half of the year.

IMF chief predicts 3-year economic hit from coronavirus 2020-05-15 18:55:43The fund's Managing Director Kristalina Georgieva is urging governments to spend more and guarantee salaries.

Job losses have now hit 40% of low-income 2020-05-14 13:03:15Thirteen percent of all U.S. adults, or 20 percent of people who were employed in February, were laid off or furloughed.

Trump vs. the skeptics: Reopening fight highlights polar 2020-05-13 04:30:21Reopening quickly could boost Trump and the economy. It could also spark catastrophe.

Trump sticks with positive messaging as coronavirus misery 2020-05-11 04:30:27With deaths mounting and unemployment at a record high, the president is focused on reopening the country.

Lamar Alexander warns 'not enough money' to help 2020-05-10 12:23:07"We have to let people go back to work and earn a living," the Tennessee Republican says.

Kudlow baffled by Obama’s criticism of Trump administration 2020-05-10 10:29:38He defends the White House response to the coronavirus pandemic.

‘They’re doing it for politics’: Trump says some 2020-05-08 14:27:02The president offered no evidence to support his claim.

Trump’s hopes for ‘tremendous rebound’ crash into grim 2020-05-05 19:55:57Corporate leaders are rushing to reshape their businesses to ensure they survive. Their caution could again devastate the president’s favorite g

Trump team plots tax cuts and regulatory suspensions 2020-05-04 04:30:38The president's team is looking to bolster the economy — and turn the page from concerns about testing shortfalls.


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