June 12, 2020

Wall Street ends higher but indexes mark worst week since March selloff

U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered […]
June 12, 2020

California examines Amazon’s business practices: WSJ

California investigators are examining Amazon.com Inc’s business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar […]
June 12, 2020

‘Persistent fragilities’ ahead for households and businesses -Fed report

The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the […]
June 12, 2020

U.S. consumer confidence rises; COVID-19, unemployment shadow lingers

U.S. consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect […]
June 12, 2020

Wall Street rises after biggest pullback since March

Wall Street’s main indexes rose on Friday, as bargain hunters returned after a punishing session a day earlier, but the indexes were still on track for […]
June 12, 2020

Exclusive: U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes

Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two […]
June 12, 2020

Oil on track for weekly loss on virus resurgence fears

Oil was little changed on Friday and headed for a first weekly fall since April as new U.S. coronavirus cases spiked, stoking fears of a second […]
June 12, 2020

Exclusive: Venezuelan shipping magnate faces U.S. sanctions probe – officials

The United States is investigating a Venezuelan shipping magnate for possibly violating U.S. sanctions by bringing fuel to gasoline-short Venezuela, according to two senior Trump administration […]
June 12, 2020

Wall Street rebounds after biggest pullback since March

Wall Street’s main indexes jumped on Friday, recouping about half of the previous session’s sharp losses, but were still on track for their worst week in […]
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