June 1, 2020

Pfizer declines about 8% after setback to breast cancer treatment

Shares of Pfizer Inc fell nearly 8% on Monday after an independent data monitoring committee determined the drugmaker’s breast cancer treatment was unlikely to meet the […]
June 1, 2020

World equities edge higher despite U.S.-China tensions

World stocks hovered near three-month highs and safe-haven government bonds inched lower as signs that Europe’s economic downturn has bottomed boosted risk appetite, despite worries over […]
June 1, 2020

Facebook, Snapchat join chorus of companies condemning George Floyd death, racism

Facebook Inc and Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over […]
June 1, 2020

Lufthansa supervisory board rubber stamps $10 billion state bailout

Lufthansa’s supervisory board said on Monday it had approved a 9 billion euro ($10 billion) government bailout that will force the German airline to give some […]
June 1, 2020

Construction spending falls less than expected

U.S. construction spending fell less than expected in April even as other sectors of the economy buckle under the COVID-19 crisis. Powered by WPeMatico
June 1, 2020

U.S. Supreme Court rebuffs investors’ bid to block Madoff trustee lawsuits

The U.S. Supreme Court on Monday refused to hear a bid by major banks and companies including Koch Industries Inc to prevent a trustee chasing money […]
June 1, 2020

U.S. manufacturing activity pulls off 11-year low: ISM

U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, […]
June 1, 2020

Nasdaq keeps Philadelphia trading floor closed due to protests

Nasdaq Inc said it postponed Monday’s planned reopening of its PHLX options trading floor in Philadelphia, which had been closed because of the coronavirus pandemic, due […]
June 1, 2020

Oil falls as U.S.-China tension escalates

Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal […]
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