June 6, 2020

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, […]
June 6, 2020

Facebook’s Zuckerberg promises a review of content policies after backlash

Facebook CEO Mark Zuckerberg on Friday said he would consider changes to the policy that led the company to leave up controversial posts by President Donald […]
June 5, 2020

Tech drives Nasdaq to all-time high as signs of recovery emerge from coronavirus pandemic

The heavyweight technology and growth stocks that drove Wall Street higher in recent years are again fueling a surge that has taken the Nasdaq from a […]
June 5, 2020

Trump administration orders Marriott to cease Cuba hotel business

The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol […]
June 5, 2020

Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain’s negotiations with […]
June 5, 2020

U.S. will allow Chinese passenger carriers two flights per week

The United States will permit Chinese passenger air carriers to operate two flights per week after Beijing said it would ease coronavirus-related restrictions to allow in […]
June 5, 2020

Bonds falter as blazing stock rally lures investors

Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is returning […]
June 5, 2020

Exclusive: U.S. weighs blacklisting dozens more oil tankers over Venezuela – officials

The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, U.S. officials told Reuters on Friday, the latest […]
June 5, 2020

Reddit co-founder Ohanian resigns from board, wants a black candidate to take over

Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm’s board and sought to be replaced by a black candidate. Powered by WPeMatico
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