May 15, 2020

WeWork reports slower cash burn in first quarter: CFO email

The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but […]
May 15, 2020

India’s farmers gather record wheat crop, but cannot move it

Late last month, Sukrampal had to beg and borrow farmhands from nearby villages to gather his part of the country’s largest-ever wheat harvest in Haryana state […]
May 15, 2020

Asian stocks set to rise on optimism of post-lockdown recovery, stimulus

Asian stocks were set to rise on Friday amid investor optimism about the re-opening of the U.S. economy from coronavirus lockdowns and possibly more stimulus that […]
May 14, 2020

GM self-driving unit Cruise cuts jobs as pandemic hits sector

General Motors Co’s self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to […]
May 14, 2020

Nike warns of fourth-quarter impact in North America business

Nike Inc said on Thursday store closures in North America will hurt its retail and wholesales businesses in the fourth quarter. Powered by WPeMatico
May 14, 2020

Trump says he doesn’t want to talk to Xi right now, could even cut China ties

U.S. President Donald Trump signaled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President […]
May 14, 2020

Equities edge higher, bonds rise on hopes of stimulus

Global equity benchmarks gained late on Thursday, with safe-haven bonds also rising as investors shrugged off disappointing U.S. jobs data and took comfort in the possibility […]
May 14, 2020

Wall Street closes with strong gains as recovery hopes offset pandemic fears

Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower’s […]
May 14, 2020

Walt Disney World and unions agree on safeguards for returning to work

Walt Disney Co and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement […]
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