June 12, 2020

After jolt, investors still see stocks as long-term bet

An interruption to a searing rally gave a jolt to equity investors who had been getting used to weeks of steadily rising U.S. stocks. Powered by […]
June 12, 2020

China’s Tencent Music reports passive stake in Warner Music

China’s Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Warner Music Group Corp, about a week after the world’s third-largest recording label’s […]
June 12, 2020

CVS joins Walmart in keeping multicultural beauty products out of locked cabinets

Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked […]
June 12, 2020

Dick’s Sporting Goods resumes paying dividend as stores reopen

Dick’s Sporting Goods Inc said on Friday it would resume paying shareholders a quarterly dividend, citing strong early sales at its stores that have reopened amid […]
June 12, 2020

American Airlines sees 90% slump in second-quarter revenue

American Airlines Group Inc on Friday joined Delta Air Lines in forecasting a 90% slump in second-quarter revenue, but said it expects to cut its cash […]
June 12, 2020

U.S. insurers use lofty estimates to beat back coronavirus claims

U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required […]
June 12, 2020

Lufthansa to offer coronavirus testing at German airports

German airline group Lufthansa plans to offer coronavirus tests at airports in Frankfurt and Munich, a spokesman said on Friday. Powered by WPeMatico
June 12, 2020

World shares stem losses, oil gains as fresh lockdown fears fade

Global shares pared losses on Friday while oil prices reversed course and edged higher as fears of fresh lockdowns of economies to combat the coronavirus faded. […]
June 12, 2020

Special Report: How China got shipments of Venezuelan oil despite U.S. sanctions

Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and […]
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