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 Washington, D.C., a policy she said could fuel the spread of the coronavirus.
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 next week, the Wall Street Journal reported https://www.wsj.com/articles/tencent-in-talk…
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 with knowledge of the situation.
Oil mixed on U.S.-China tensions but heads for huge monthly rise
Oil prices were mixed on Friday, but were closing out the month with strong gains, bolstered growing fuel demand even as investors worried about worsening Washington-Beijing relations.
Coffee maker JDE Peet’s IPO wrapped up in just 72 hours: sources
It took just three days to sell shares in JDE Peet’s as investors facing a dearth of opportunities because of the coronavirus-induced slow-down rushed to secure a dose of the world’s No. 2 maker of packaged coffee.
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 frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.
China’s Kunlun says U.S approves sale of Grindr to investor group
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.
Morgan Stanley planning to bring back traders to New York HQ in June: 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 with knowledge of the situation.
Wells Fargo reveals new risk management structure
Wells Fargo & Co on Friday appointed Kevin Reen as chief risk officer (CRO) for its consumer lending arm and Bill Juliano to lead its operational risk management team as it revealed a new organizational structure to provide risk oversight.
Wall Street retreats ahead of Trump’s response on Hong Kong
Wall Street’s main indexes retreated on Friday as investors were cautious ahead of a U.S. response to China’s national security law on Hong Kong that threatens to take some shine off another month of strong gains for the stock market.
