Wall Street gets PayPal lift as Nasdaq wipes out 2020 declines
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
Uber sees encouraging signs in reopening markets, posts $2.9 billion loss
Uber Technologies Inc said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14% rise in revenue growth, supported by its Uber Eats food-delivery business.
Wall Street gains with PayPal boost despite weak jobs data
Wall Street’s indexes climbed on Thursday following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
Stay-at-home stocks Amazon, Microsoft lift Nasdaq into gain for 2020
The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.
Free beer! German brewery gives away beverages it can’t sell
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.
Michigan governor says manufacturing can reopen in state on May 11
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
As U.S. states start to reopen, Fed official sees little sign of economic resurgence
Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace, Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, citing conversations with business officials in his regi…
Tesla’s Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism
Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company’s planned Roadster sports car would take a backseat to the development of other vehicle models.
Wall Street gets PayPal boost as Nasdaq erases 2020 declines
Wall Street’s indexes jumped on Thursday, with the Nasdaq turning positive for the year, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
