U.S.-China tensions pull Wall Street lower
Wall Street receded on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions, raising doubts about the trade deal reached early this year between the world’s two largest economies.
How big unions smooth the way for Amazon worker protests
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
U.S. labor market struggles as layoffs spread despite businesses reopening
Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by…
Americans splurge at Walmart, Target as stimulus checks kick in
The Trump Administration’s coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy everything from video games to sewing machines even as the country struggles with record job los…
Southwest to limit seats sold on each flight through July -CEO
Southwest Airlines Co will continue to limit bookings on its flights through at least July to give passengers space between seats, CEO Gary Kelly told shareholders on Thursday, mirroring a plan by competitor Delta Air Lines Inc .
Wall Street slips on rising U.S.-China tensions, recovery worries
Wall Street’s main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment.
Michigan Governor Whitmer further opens state economy ahead of Trump visit
Michigan’s governor announced more steps to re-open the state’s economy on Thursday, offering timelines for the resumption of some businesses and allowing some social gatherings as long as guidelines to curb the spread of the coronavirus are observed.
Mnuchin sees U.S. economic bottom in second quarter, ‘gigantic increase’ fourth quarter
U.S. Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will “bottom out” in the second quarter and start to improve with the third quarter, with a “gigantic increase” in fourth quarter activity.
Macy’s to be ‘smaller company’ as loss to hit $1 billion in quarter amid lockdowns
Macy’s Inc said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut stores due to lockdowns aimed at curbing the spread of the new coronavirus.
Stocks slip on U.S.-China tensions; oil rises to 2-1/2-month high
Global equities slid on Thursday on concerns about the long-term impact of the new coronavirus and resurgent U.S.-China tensions, though oil markets ignored those worries and marched to 2-1/2 month highs.
