Wall Street Week Ahead: Stocks face test as reopenings could fuel demand – or more coronavirus
A bounce in stocks is likely to face a test in the coming weeks as investors try to gauge whether countries and U.S. states emerging from lockdowns can arrest a sharp fall in economic growth without provoking a resurgence of coronavirus cases.
Futures slide as Trump threatens new tariffs on China
U.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future.
Long lines, lots of kids, and plenty to touch: How does Disney reopen its parks?
For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among…
For cloud giants, usage soars but tech investment delays hobble revenue growth
As lockdown orders force billions of people to work, learn and play from home during the novel coronavirus outbreak, usage has surged for the cloud computing services that power video conferencing, streaming television and online games.
Greggs shares slide after British store reopenings postponed
Shares in British baker and takeaway food group Greggs tumbled as much as 7.3% on Friday after it reversed a decision to re-open some stores, leading analysts to question how it can successfully emerge from the country’s coronavirus lockdown.
Ryanair sets mid-May deadline for talks on new Boeing MAX order
Ryanair aims to conclude talks with Boeing on a new plane order in the next two weeks, but possible price cuts or cancellations related to an existing 737 MAX order are also part of the discussions, its chief executive said on Friday.
Stocks fall further after Trump’s China tariff threat
World stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump’s threat to impose new tariffs on China over the coronavirus crisis.
Amazon extends work from home regime till October 2
Amazon.com Inc has told staff whose job can be done from home that they can do so until at least Oct. 2, pushing out the timeline on a return to work for many employees as it faces scrutiny over conditions in its warehouses.
Norway wealth fund backs Barclays climate goals amid investor pressure
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday.
Norwegian Air’s fate in balance as result of rescue vote awaited
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
