U.S. President Donald Trump on Thursday said he was very disappointed in China over its failure to contain the novel coronavirus, saying the worldwide pandemic cast a pall over his trade deal with Beijing.
IKEA’s shopping malls business, one of the world’s biggest, is looking to enter the United States in the next couple of years and is in talks to snap up central properties in major cities, its boss told Reuters.
McDonald’s Corp has asked its U.S. franchisees to make a series of changes in restaurants before reopening to diners in an effort avoid the spread of the new coronavirus, the Wall Street Journal reported on Thursday.
The unprecedented combination of fear, financial devastation, and social isolation stemming from the coronavirus pandemic could upend recovery. …read more […]
Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said.
Averaging out unemployment claims over the last seven weeks shows that Georgia, Florida, and Alabama were hit with the highest spike in people applying for unemployment benefits. …read more […]
President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could make to push supply chains away from China and raise new trade barriers.
The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, suggesting a second wave of layoffs in industries and jobs not initially impacted by business closures caused by the pandemic.
Mortgage rates remain near a record low in a weekly survey — and could go lower. …read more […]
AdvisorShares CEO Noah Hamman warns there are still headwinds for the economy and markets to recover. He speaks with Alexis Christoforous and Brian Sozzi on The First Trade. …read more […]
Yahoo Finance’s Brian Sozzi and Alexis Christoforous speak with Cisco CFO Kelly Kramer about the company’s Q3 earnings report. …read more […]
Wall Street’s main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations and added to concerns of a prolonged economic downturn.
German flagship carrier Lufthansa on Thursday said it would be offering 1,800 round trips a week to more than 130 destinations around the world by the end of June.
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