Stocks closed out a solid week on Wall Street on Friday with a late-afternoon rebound after worries that President Trump would reignite a costly trade war with China faded. The benchmark S&P 500 index rose 0.5%, recovering from a 1% slide, after Trump ...
Hosts Denise Pellegrini and Ed Baxter feature the best stories of the day from Bloomberg Radio, Bloomberg Television, and over 150 News bureaus around the world, on Bloomberg Radio's Bloomberg Best. New York Fed President John Williams, Cleveland ...
WASHINGTON (Reuters) - 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 frugality reinforced expectations the economy could take years to recover from the ...
Tencent Holdings Ltd. is in discussions to buy a stake in Warner Music Group as part of the record company's initial public offering, a key test for a new-issue market that has been hobbled by the coronavirus pandemic. The Chinese internet giant is discussing ...
Requests for help from borrowers have slowed with the total number of mortgages in forbearance at about 4.8 million, Black Knight said on Thursday. Only 7,000 mortgages entered forbearance this week, Black Knight said. "Volumes of forbearance plans ...
Some analysts are pointing to a new culprit for the implosion of the $20 trillion U.S. Treasurys market in March that forced the Federal Reserve to take unprecedented actions to restore liquidity in a financial market famed for being the deepest and most liquid ...
SPRINGFIELD, Missouri -- A week after images of Memorial Day weekend revelers jammed into a Lake of the Ozarks pool party at Backwater Jack's Bar & Grill in Osage Beach made international headlines, the Camden County Health Department announced ...
(Reuters) - Southwest Airlines Co Chief Executive Officer Gary Kelly said on Friday he expects a "brutal low-fare" environment when traffic returns after coronavirus-induced restrictions ease. "There are far more airplane seats right now, and there will be for ...
Following a more than doubling of its stock over the last six months, expectations are high going into the videoconferencing company's earnings report next week. Daniel Sparks. (TMFDanielSparks). May 29, 2020 at 12:28PM. Author Bio. Daniel Sparks is a ...
Oil prices edged lower on Friday after U.S. inventory data showed lackluster fuel demand in the world's largest oil consumer while worsening U.S.-China tensions weighed on global financial markets. Brent crude slipped 25 cents, or 0.7%, to $35.04 a barrel ...
Morgan Stanley (MS) - Get Report is looking to bring traders back to its New York headquarters in mid- to late June, a news report said Friday, as the financial sector begins to slowly emerge from the coronavirus economic shutdown. The financial-services ...
Shares of Moderna (NASDAQ:MRNA) rose more than 10% on Friday after the biotechnology company announced the commencement of its Phase 2 study for its novel coronavirus vaccine. So what. Moderna said the first participants in each age group of its ...
It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, rates on 30-year loans bottomed out again, hitting a new all-time low of just 3.15%. That's down from 3.25% last week and 3.99% a year ago. It's the third ...
An American Airlines flight attendant based in Boston said the airline blocked her from using a face shield on top of a face mask while serving customers on a flight during the coronavirus pandemic, according to a Facebook post. Continue Reading Below.
Amazon went on a hiring spree in March and April, adding 175,000 seasonal positions nationally, including more than 4,600 in Colorado, as peopled stayed home and online purchases, especially for groceries, surged. Amazon said Friday that it expects to ...
Beyond Meat is partnering with fast-food chains KFC and Pizza Hut to sell its plant-based meat replacements in China. Continue Reading Below. The companies haven't announced specific details yet, but new products are scheduled to launch in June at the ...
By Bryan Horwath. Fri, May 29, 2020 (1:49 p.m.). Because of stronger-than-expected customer demand, Caesars Entertainment said today it will open a third Strip casino next week. Harrah's will open at 11 a.m. on June 5, the company said. Caesars had ...
Four Democratic senators are calling for federal regulators to investigate the controversial practice of "tip baiting" on grocery-delivery app Instacart following a report from CNN Business. Last month, CNN Business reported that some Instacart customers were ...
COLUMBUS (WCMH) — CVS Health opened nearly three dozen drive-thru COVID-19 testing sites in Ohio on Friday. The testing sites are located throughout the state, with a dozen of them in central Ohio alone. "We've tried to target under-served ...
Shares of Coty (NYSE:COTY) were taking a dive today after Forbes removed Kylie Jenner from its list of billionaires and alleged that Jenner inflated the sales volumes of her company, Kylie Cosmetics. Coty paid $600 million for a 51% stake in Kyle Cosmetics ...
Beaumont Health is ending its plan to partner with Summa Health nearly a year after the two announced they were working together to bring Summa into the Mich.-based Beaumont system as a wholly owned subsidiary, the two announced on Friday, May 29.
NEW YORK, May 29, 2020 /PRNewswire/ -- Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the "Fund") has announced a distribution declaration of $0.0905 per share of common stock. The distribution announced today is payable ...
Goldman Sachs' Stock (NYSE: GS) has gained 45% over recent weeks (vs. about 34% jump in the S&P 500) to its current level of $210 after falling to a low of $135 in late March as a rapid increase in the number Covid-19 cases outside China spooked ...
Shares of Canopy Growth (NYSE:CGC) were crashing 18.5% lower as of 10:01 a.m. EDT on Friday. The steep drop came after the Canadian cannabis producer announced its fiscal 2020 fourth-quarter and full-year results before the market opened. Canopy's ...
The number of California workers who filed unemployment claims last week has fallen to the lowest level in two months but still was five times greater than the levels typical before the onset of government-ordered business shutdowns amid the coronavirus ...
SYRACUSE, N.Y. (WSYR-TV) — The American Red Cross is urgently seeking people to donate blood, especially as Upstate New York continues to restart. COVID-19 caused the cancellation of about 1,700 blood drives across New York at the beginning of ...
BRUSSELS (AP) — The EU competition chief said Friday that she is not "creating extra hurdles" for Lufthansa after the airline balked at accepting a 9 billion-euro German government rescue package because of what it said were tough EU conditions.
LAS VEGAS (FOX5) -- Nurses with Mountain View Hospital took part in a national protest against HCA Hospitals after the healthcare operator announced potential layoffs, pay cuts and freezes. About 75 nurses and supporters showed up outside HCA owned ...
By Peter Perrotta. If you are old enough to remember the opening of the old black and white Superman television shows, you will recall that each episode began with someone exclaiming: "Look up in the sky. It's a bird. It's a plane. No, it's Superman!".
(Bloomberg) -- Emerging-market assets rose this week as optimism over the reopening of economies in Europe and the U.S. outweighed rising U.S.-China tensions. Stocks even edged higher on Friday after Chinese lawmakers approved a proposal for ...
The F-150 is America's best-selling truck. Ford. The 2021 Ford F-150's launch may have been delayed, but thankfully, we won't have to wait too much longer to see the brand-new full-size pickup. Ford will officially reveal the 2021 F-150 online on June 25, ...
Health officials in Collin and Denton counties confirmed six new cases of COVID-19 in Frisco on May 29. Five of those were in Collin County, and one was in Denton County. The city has had 14 new cases reported since May 24, which was the most recent ...
NEW YORK: 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 on falling crude production. West Texas Intermediate crude futures for July delivery settled ...
A little over a week after announcing $150 million in new funding, fintech startup Brex is laying off part of its staff. Subscribe to the Crunchbase Daily. In a blog post published Friday, co-CEOs Pedro Franceschi and Henrique Dubugras wrote that 62 people ...
May was a major turning point for S&P 500 investors. Fear of losing out from a weak economy turned into fear of missing out of a powerful stock rally during the month. X. Error loading player: No playable sources found. The S&P 500 blasted 4% higher during ...
CHICAGO (CBS)– Malls throughout the Chicago are are reopening Friday as Illinois enters Phase 3 with eased restrictions. White Oaks Mall, Woodfield Mall, Gurnee Mills, Chicago Premium Outlets and Orland Square are among local malls opening.
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