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Updated: 4 years 29 weeks ago
Americans splurge at Walmart, Target as stimulus checks kick in
The Trump Administration's coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job losses.
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Wall Street slips on rising U.S.-China tensions, recovery worries
Wall Street's main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment.
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Trump to visit Ford plant in Michigan as political tensions flare
President Donald Trump travels on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid hostility with its Democratic governor over how quickly to reopen its economy during the coronavirus pandemic.
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Oil at highest since March on lower U.S. inventories, recovering demand
Global benchmark Brent rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions imposed on people's movements due to the coronavirus crisis.
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Southwest to limit seats sold on each flight through July -CEO
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
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Exclusive: Baidu considers leaving the Nasdaq to boost its valuation - sources
Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
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Southwest to limit bookings to keep seats open through July
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Line In .
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Michigan Governor Whitmer further opens state economy ahead of Trump visit
Michigan's governor announced more steps to re-open the state's economy on Thursday, offering timelines for the resumption of some businesses and allowing some social gatherings as long as guidelines to curb the spread of the coronavirus are observed.
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Southwest will add more flights to meet extra demand through July
Southwest Airlines Co will continue to limit bookings on its flights to allow for social distancing through at least July, CEO Gary Kelly told shareholders on Thursday, saying the airline would add more flights to meet any extra demand.
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U.S. weekly jobless claims grind lower but backlogs, layoffs linger
Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
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Mnuchin sees U.S. economic bottom in second quarter, 'gigantic increase' fourth quarter
U.S. Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity.
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Wall Street falls as trade concerns resurface
Wall Street's main indexes dropped about 1% on Thursday as investors worried about escalating U.S.-China trade tensions and concerns over a quick rebound from a coronavirus-led economic slump.
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Morgan Stanley CEO: too early to consider restarting share buybacks
Morgan Stanley's Chief Executive Officer James Gorman told shareholders on Thursday that it is too early for him or anyone on the board of directors to consider reinstating the bank's share buyback program.
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Uber has spent $19 million on coronavirus financial assistance for drivers
Uber Technologies Inc on Thursday for the first time detailed how much it has spent to support its ride-hail drivers and food delivery workers during the coronavirus crisis, which has battered the company and forced it to lay off thousands of employees.
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U.S. state unemployment payments in April jump five-fold from February
Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy.
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Largest asset manager wins backing for jumbo board
BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended the size of the company's large board.
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Morgan Stanley CEO: too early to consider restarting share buy backs
Morgan Stanley's Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of directors to consider reinstating bank's share buy back program.
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Amazon pushes Prime Day to September as it returns to normalcy: WSJ
Amazon.com Inc is scheduling its annual Prime Day shopping event for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
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Michigan Governor Whitmer reopens auto showrooms and retail by appointment
Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and auto showrooms to resume operations by appointment.
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S&P 500 flat as investors weigh trade tensions; TJX surges
The S&P 500 index was largely unchanged on Thursday as growing U.S.-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset by an upbeat outlook from retailer TJX.
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