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Shares lose footing, oil marches on
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though those worries couldn't stop oil prices from marching to a 2-1/2 month high.
Categories: Reuters
Wall Street set to fall as trade tensions add to virus woes
U.S. stock indexes eyed a weaker open on Thursday as growing Sino-U.S. tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
Categories: Reuters
Lufthansa closes in on $10 billion state rescue deal
Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic.
Categories: Reuters
Could coronavirus help Amazon workers unionize?
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
Categories: Reuters
TJX's quarterly sales more than halve amid pandemic
TJX Cos Inc's first-quarter sales more than halved on Thursday, as the off-price retailer's stores and online operations remained shut for most of the quarter due to coronavirus-led lockdowns.
Categories: Reuters
Futures retreat as trade tensions add to pandemic woes
U.S. stock index futures fell on Thursday as growing trade tensions with China added to worries about the pace of a recovery from a coronavirus-fueled economic slump even with several countries easing lockdowns.
Categories: Reuters
Best Buy revenue, profit beat estimates as online sales surge
Best Buy Co Inc's quarterly revenue and profit topped analysts' estimates on Thursday due to a surge in online sales of electronics needed for consumers to work from home.
Categories: Reuters
Trump to visit Ford plant in battleground state Michigan amid tensions with governor
U.S. President Donald Trump travels to the political swing state of Michigan on Thursday to visit a Ford plant amid tension with the state's Democratic governor and differences over the speed at which the country is reopening from its COVID-19 shutdown.
Categories: Reuters
Best Buy quarterly same-store sales fall over 5%
Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.
Categories: Reuters
Backlogs, second wave of layoffs keeping U.S. weekly jobless claims high
Millions more Americans likely filed for unemployment benefits last week as backlogs 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.
Categories: Reuters
U.S. leveraged loan defaults at six-year high as coronavirus hits businesses
The monthly tally of defaults in the U.S. leveraged loan market has hit a six-year high, data from Fitch Ratings showed, as companies are either missing payments or filing for bankruptcy because of the fallout from the coronavirus pandemic.
Categories: Reuters
Traders Beware: U.S. taps new tools to find fraud in volatile commodities market
When the U.S. Department of Justice charged a handful of JP Morgan Chase & Co traders in 2018 and 2019 with alleged commodities futures manipulation, it wasn't the first time the government had probed the bank's metals trading activities.
Categories: Reuters
While U.S. economy slides, heartland auto dealers cry out for more trucks
Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot.
Categories: Reuters
Japan to seek extradition of men arrested in U.S. over Ghosn escape
Japan said on Thursday it was working to secure the rapid extradition of two men arrested in the United States on charges of enabling the dramatic escape of former Nissan Motor Co boss Carlos Ghosn from the country.
Categories: Reuters
In SoftBank slides, tofu, a goose and unicorns underpin sales pitch
A chastened Masayoshi Son summed up SoftBank Group Corp's record $13 billion operating loss on stage this week with a striking image: unicorns tumbling into the "valley of the coronavirus".
Categories: Reuters
Sellers beware: Price collapse triggers bartering over oil and gas deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced.
Categories: Reuters
Israeli anti-viral mask maker Sonovia eyes Nasdaq listing this year
Israel's Sonovia Ltd, which makes washable and reusable anti-viral masks, is considering going public on Nasdaq by the end of this year, its chief technology officer said.
Categories: Reuters
U.S. arrests two men wanted by Japan over ex-Nissan boss Carlos Ghosn's escape
U.S. authorities on Wednesday arrested a former U.S. Army Special Forces soldier and another man in Massachusetts wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.
Categories: Reuters
SoftBank to sell $3.1 billion worth of Japan telco unit stake
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp , currently worth $3.1 billion, as part of a programme to raise $41 billion through asset sales.
Categories: Reuters
Softbank says it will sell 5% of domestic telco
SoftBank Group Corp said it plans to sell 5% of its domestic telco SoftBank Corp as part of its plan to raise $41 billion through asset sales.
Categories: Reuters