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Exclusive: U.S. weighs blacklisting dozens more oil tankers over Venezuela - officials

Reuters Business News - Fri, 06/05/2020 - 16:49
The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest effort to sever what Washington sees as a lifeline for President Nicolas Maduro.
Categories: Reuters

Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

Reuters Business News - Fri, 06/05/2020 - 16:48
Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm's board and sought to be replaced by a black candidate.
Categories: Reuters

PG&E Corp preparing $11 billion debt financing: investor

Reuters Business News - Fri, 06/05/2020 - 16:25
California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12%.
Categories: Reuters

Trump touts job gains as 'greatest comeback in American history'

Reuters Business News - Fri, 06/05/2020 - 16:05
President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost jobs by next year.
Categories: Reuters

Surprise U.S. unemployment rate drop leaves out blacks, Asians

Reuters Business News - Fri, 06/05/2020 - 15:40
The U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus shutdowns.
Categories: Reuters

May's jobs report stunner: real deal or head fake?

Reuters Business News - Fri, 06/05/2020 - 15:34
The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected.
Categories: Reuters

Wall Street rallies to end higher on surprise U.S. jobs report

Reuters Business News - Fri, 06/05/2020 - 15:26
Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.
Categories: Reuters

Equities surge, bonds tumble on surprise U.S. jobs gains

Reuters Business News - Fri, 06/05/2020 - 15:21
An unexpected jump in U.S. employment sent world equities and oil surging on hopes that the global economy has started to recover from the coronavirus pandemic, pulling investors out of perceived safe havens like government bonds and gold.
Categories: Reuters

Trump opens Atlantic sanctuary to commercial fishing

Reuters Business News - Fri, 06/05/2020 - 15:16
President Donald Trump announced on Friday he will open up a 5,000 square mile conservation area in the Atlantic Ocean off the coast of New England to commercial fishing.
Categories: Reuters

U.S. labor market unexpectedly improves; recovery years away

Reuters Business News - Fri, 06/05/2020 - 15:06
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
Categories: Reuters

Wall Street closes up sharply on surprise U.S. jobs report

Reuters Business News - Fri, 06/05/2020 - 15:03
Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery.
Categories: Reuters

Trump threatens EU, China with tariffs; names Navarro 'lobster king'

Reuters Business News - Fri, 06/05/2020 - 14:54
U.S. President Donald Trump on Friday threatened to impose tariffs on European Union cars if the bloc does not drop its tariff on American lobsters, naming White House trade adviser Peter Navarro the "lobster king" in charge of talks.
Categories: Reuters

Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company

Reuters Business News - Fri, 06/05/2020 - 14:53
WeWork's Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June.
Categories: Reuters

Canada posts surprise jobs gain in May and June could be even better

Reuters Business News - Fri, 06/05/2020 - 14:48
Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an even bigger improvement in June.
Categories: Reuters

Oil climbs 5% on U.S. jobless drop, OPEC+ meeting hopes

Reuters Business News - Fri, 06/05/2020 - 14:36
Oil prices rose on Friday after an unexpected fall in the May U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Categories: Reuters

Facebook to apply state media labels on Russian, Chinese outlets

Reuters Business News - Fri, 06/05/2020 - 14:32
Facebook Inc will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday.
Categories: Reuters

Donald Trump says Warren Buffett makes a mistake selling airline stocks

Reuters Business News - Fri, 06/05/2020 - 14:28
U.S. President Donald Trump on Friday said Warren Buffett, often regarded as the world's greatest investor, made a mistake by recently exiting a multi-billion dollar investment in the airline industry.
Categories: Reuters

Row over undelivered jets as Airbus threatens to sue airlines

Reuters Business News - Fri, 06/05/2020 - 14:09
A stand-off over undelivered passenger jets is intensifying after Airbus signalled it would sue airlines refusing to honour contracts in the face of the coronavirus crisis.
Categories: Reuters

Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit

Reuters Business News - Fri, 06/05/2020 - 14:02
India's Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company's digital unit Jio Platforms.
Categories: Reuters

Virtual certainty? Bankers ask if success of remote roadshows will last

Reuters Business News - Fri, 06/05/2020 - 13:50
Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on the stock exchange?
Categories: Reuters
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