May 16, 2020

Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing , Facebook and Citigroup , according […]
May 16, 2020

Fed warns of ‘significant’ financial vulnerabilities from pandemic

The U.S. Federal Reserve warned Friday that the financial sector faces “significant” vulnerabilities due to the coronavirus pandemic, as businesses and households grapple with fragile finances […]
May 16, 2020

Wall Street Week Ahead: Investors prepare for more U.S. stock swings as states reopen

Investors are bracing for more turbulence in U.S. stocks, as some states prepare to reopen their economies and global trade tensions rise. Powered by WPeMatico
May 16, 2020

California officials reject subsidies for Musk’s SpaceX over Tesla spat

A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s recent […]
May 16, 2020

Amazon says ‘appropriate’ executive to be available, as U.S. panel calls on Bezos to testify

Amazon.com Inc said on Friday it would make an “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to […]
May 16, 2020

Amazon says ‘appropriate’ executive available after U.S. House panel calls on CEO Bezos to testify

Amazon.com Inc said on Friday it would make the “appropriate” executive available to the U.S. House of Representatives Judiciary Committee to testify about allegations related to […]
May 16, 2020

Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources

The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 […]
May 15, 2020

J.C. Penney files for bankruptcy protection

J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the […]
May 15, 2020

U.S. stock market swings higher despite rising U.S.-China tensions; oil up

U.S. stocks gyrated on Friday before ending slightly higher, as investors worried about increased China-U.S. trade hostilities and disappointing retail sales figures, while signs of a […]
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