May 8, 2020

Wall Street weekahead: U.S. data deluge to underscore divide between roaring market, plunging economy

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, […]
May 8, 2020

Chipotle secures $600 million credit line amid coronavirus crisis

Chipotle Mexican Grill Inc has secured a new year-long $600 million revolving credit line, a regulatory filing showed https://bit.ly/2SOtm6L on Friday, as the restaurant chain looks […]
May 8, 2020

Stocks hit weekly highs as markets shrug off dismal U.S. jobs data

Equity 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 […]
May 8, 2020

Wall Street jumps as historic job losses fewer than feared

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 […]
May 8, 2020

California country official says no ‘green light’ for Tesla’s planned factory reopening

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 […]
May 8, 2020

Coronavirus deals U.S. economy Great Depression-like job losses, high unemployment

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 […]
May 8, 2020

U.S. labor market shatters post World War 2 records as coronavirus lockdowns bite

The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of […]
May 8, 2020

Microsoft to invest $1.5 billion in Italian cloud business

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 […]
May 8, 2020

Wall Street rises on better-than-feared jobs report, easing Sino-U.S. tension

U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism […]
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