May 29, 2020

Wall Street ends mostly up; Trump comments on China but takes no action on trade

U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to […]
May 29, 2020

Trump administration to study ways to protect for U.S. investors from Chinese firms

The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up […]
May 29, 2020

United Airlines cutting 13 top jobs under fresh restructuring

United Airlines Holdings Inc said on Friday it will be eliminating 13 officer positions as it consolidates roles and restructures some key departments to address the […]
May 29, 2020

U.S. senators urge probe of TikTok on children’s privacy

Four U.S. senators, including a China hawk, urged the Federal Trade Commission on Friday to investigate allegations that the popular video app TikTok violated a consent […]
May 29, 2020

Oil surges 5% on U.S.-China trade optimism, falling crude output

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and […]
May 29, 2020

Lyft violates Washington DC sick day law during pandemic, lawsuit claims

Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in […]
May 29, 2020

Tencent in talks to buy Warner Music stake: WSJ

Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million in Warner Music Group, ahead of the record company’s slated initial public offering […]
May 29, 2020

Morgan Stanley plans June return of some traders to New York headquarters: CNBC

Morgan Stanley is planning to start getting some traders to return to its New York headquarters in mid- to late-June, CNBC reported on Friday, citing people […]
May 29, 2020

Coronavirus sinks U.S. consumer spending; savings hit record high

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing […]
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