Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 27 weeks ago
Tesla at $1,000: too much too soon for some analysts
Top Wall Street brokerages Goldman Sachs and Morgan Stanley downgraded their ratings on Tesla Inc saying the electric carmaker's shares were overpriced, two days after the high-flying stock crossed $1,000 per share.
Categories: Reuters
Take Five: Pump it up
"Rise and rise again until lambs become lions," runs an oft-quoted line from the 2010 film 'Robin Hood'. The motto is being taken seriously by all those merry men and maidens chasing shares in little-known or even bankrupt firms, using a mobile trading app called Robinhood.
Categories: Reuters
Honda resumes production at plants hit by suspected cyber attack
Japan's Honda Motor Co has resumed production at automobile and motorcycle plants in the United States and other countries after they were hit by a suspected cyber attack this week, a spokesman said on Friday.
Categories: Reuters
Lufthansa to offer coronavirus testing at German airports
German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.
Categories: Reuters
World shares stem losses, oil gains as fresh lockdown fears fade
Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded.
Categories: Reuters
Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
Categories: Reuters
Futures climb after Wall Street's worst day in three months
U.S. stock index futures surged about 2% on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about three months on fears of a resurgence in coronnavirus infections.
Categories: Reuters
EU regulators to decide on Alstom, Bombardier deal by July 16
EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website.
Categories: Reuters
Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 - sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Categories: Reuters
SoftBank share buybacks near $3 billion despite May slowdown
SoftBank's share buybacks slowed in May, a company filing showed on Friday, although total purchases to support its share price since March reached 312 billion yen ($2.9 billion).
Categories: Reuters
Wall St Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a sector that underperformed during the recent rally.
Categories: Reuters
U.S. lawmakers ask Zoom to clarify China ties after it suspends accounts
Three U.S. lawmakers asked Zoom Video Communications Inc to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to meet demands from Beijing.
Categories: Reuters
Global shares, oil slump as coronavirus fears take hold
A slump in global shares extended to its fourth day running on Friday and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery from lockdowns.
Categories: Reuters
BA, easyJet and Ryanair launch legal action against UK quarantine
British Airways, easyJet and Ryanair have launched legal action against the UK government's quarantine policy, asking for a judicial review to be heard as soon as possible.
Categories: Reuters
Scrub that: Pandemic forces ship owners to shelve anti-pollution gear
Ship owners are postponing or cancelling the installation of "scrubbers" that extract harmful sulphur emissions from their vessels as the coronavirus pandemic tightens finances.
Categories: Reuters
Oil falls, rally ends as U.S. sees resurgence of coronavirus infections
Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world's top consumer of crude and fuel.
Categories: Reuters
Exclusive: Netflix in talks to source local Indian content from Reliance affiliate Viacom18 - sources
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Categories: Reuters
Asia stocks slide as coronavirus fears return
Asian shares fell sharply on Friday and oil prices extended losses on growing concerns that a resurgence of coronavirus infections could stunt the pace of recovery in economies reopening from lockdowns, or even lead to fresh restrictions.
Categories: Reuters
Pandemic heightens chance Japan slides back into deflation: Reuters poll
The coronavirus pandemic has raised the chance Japan's economy will slip back into deflation as social curbs to halt the spread of the disease hits businesses and consumers, a majority of analysts polled by Reuters said.
Categories: Reuters
Oil extends slump as prospect of second viral wave in U.S. ends rally
Oil prices fell on Friday, extending heavy overnight losses as a surge in U.S. coronavirus cases this week raised the prospect of a second wave of the COVID-19 outbreak hitting demand in the world's biggest consumer of crude and fuel.
Categories: Reuters