Business & Finance News
U.S. stocks opened sharply higher on Friday, a day after their biggest one-day dive in about three months on fears of a resurgence in coronavirus infections.
Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.
Dick’s Sporting Goods Inc said on Friday it would resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened amid easing coronavirus-driven restrictions.
U.S. airline American Airlines Group Inc said on Friday it expects its second quarter revenue to decline 90% compared with a year earlier.
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.
“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.
German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday.
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.
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.
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.
When the novel coronavirus first appeared in the United States, North Dakota was in the envious position of having more money in its state coffers than it had budgeted.
Oil prices edged higher on Friday but were on track for their first weekly fall in seven as new U.S. coronavirus cases spiked, raising the prospect of a second wave hitting demand.
Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special government loan.
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.
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).
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