Business & Finance News
Tesla Inc has not been given permission to resume operations at its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, a county health official said on Friday.
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.
Bitcoin is about to undergo a scheduled technical adjustment as the number of new coins awarded the computer wizards who “mine” the cryptocurrency will be cut in half, but forecasting which way its price will move afterward is more complicated now.
Major U.S. stock indexes climbed on Friday and were on track to log solid gains for the week after data showing historic job losses from the coronavirus crisis were slightly fewer than feared.
Wirecard Chief Executive Markus Braun apologised to shareholders on Friday as the company announced a reshuffle of its management board and appointed a new compliance officer, days after the hedge fund TCI demanded Braun’s removal.
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression, laying bare both the economic and human tragedy wrought by the novel coronavirus pandemic.
Wall Street’s main indexes gained on Friday as staggering job losses in April due to the coronavirus outbreak were still slightly better than feared, adding to optimism from an easing in U.S.-China friction.
Hackers linked to Iran have targeted staff at U.S. drugmaker Gilead Sciences Inc in recent weeks, according to publicly-available web archives reviewed by Reuters and three cybersecurity researchers, as the company races to deploy a treatment for the COVID-19 virus.
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc , the world’s largest retailer, added more than 90,000 jobs.
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.
Global share markets rallied on Friday, hitting weekly highs, and oil prices gained as more governments around the world began gradually reopening their economies and Sino-American trade tensions eased.
U.S. wholesale inventories fell in March, albeit less than initially estimated, and further decreases are likely as the novel coronavirus outbreak continues to weigh on imports of goods.
The U.S. Postal Service on Friday said it lost $4.5 billion in the quarter ending in March, more than double its loss over the same period last year, and warned COVID-19 could severely hurt its finances over the next 18 months.
Microsoft Corp. said on Friday it would create its first datacentre region in Italy under a $1.5 billion investment plan as the U.S. company expands its cloud computing services to more locations across the world.
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