May 21, 2020

U.S. weekly jobless claims grind lower but backlogs, layoffs linger

Millions more Americans filed for unemployment benefits last week as backlogs in processing claims continue to be cleared and disruptions from the novel coronavirus unleash a […]
May 21, 2020

U.S. state unemployment payments in April jump five-fold from February

Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the […]
May 21, 2020

Largest asset manager wins backing for jumbo board

BlackRock Inc said all of its 16 director nominees received strong investor support at its annual meeting on Thursday, at which Chief Executive Laurence Fink defended […]
May 21, 2020

Morgan Stanley CEO: too early to consider restarting share buy backs

Morgan Stanley’s Chief Executive Officer James Gorman told shareholders at its annual meeting on Thursday that it is too early for him or the board of […]
May 21, 2020

Amazon pushes Prime Day to September as it returns to normalcy: WSJ

Amazon.com Inc is scheduling its annual Prime Day shopping event for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported […]
May 21, 2020

Michigan Governor Whitmer reopens auto showrooms and retail by appointment

Michigan Governor Gretchen Whitmer said on Thursday she signed a series of executive orders re-opening sectors of the economy across the state, including allowing retail and […]
May 21, 2020

S&P 500 flat as investors weigh trade tensions; TJX surges

The S&P 500 index was largely unchanged on Thursday as growing U.S.-China trade tensions and concerns about a rebound from a coronavirus-led economic slump were offset […]
May 21, 2020

U.S. existing home sales post largest decline in nearly 10 years

U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and broader economy, undercutting […]
May 21, 2020

Oil at highest since March on lower U.S. inventories, recovering demand

Oil prices rose on Thursday to their highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions […]
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