Canada posts surprise jobs gain in May and June could be even better
Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an even bigger improvement in June.
Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday.
Donald Trump says Warren Buffett makes a mistake selling airline stocks
U.S. President Donald Trump on Friday said Warren Buffett, often regarded as the world’s greatest investor, made a mistake by recently exiting a multi-billion dollar investment in the airline industry.
Row over undelivered jets as Airbus threatens to sue airlines
A stand-off over undelivered passenger jets is intensifying after Airbus signalled it would sue airlines refusing to honour contracts in the face of the coronavirus crisis.
Reliance says Silver Lake, co-investors to invest extra $601 million in digital unit
India’s Reliance Industries late on Friday said U.S. private equity fund Silver Lake and its co-investors will invest an additional 45.46 billion rupees ($601.40 million) in the company’s digital unit Jio Platforms.
Surprise U.S. unemployment rate drop leaves out blacks, Asians
The U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus s…
Reddit co-founder Ohanian resigns from board, wants a black candidate to take over
Reddit co-founder Alexis Ohanian on Friday resigned from the social network firm’s board and sought to be replaced by a black candidate.
Trump touts job gains as ‘greatest comeback in American history’
President Donald Trump on Friday celebrated a stunning U.S. employment report that showed more than 2.5 million jobs were added last month during the thick of the coronavirus pandemic, and predicted the battered economy will recover all of its lost job…
Exclusive: U.S. considers blacklisting more oil tankers over Venezuela trade, official says
The United States is considering imposing sanctions on dozens of additional foreign oil tankers for trading with Venezuela, a U.S. official told Reuters on Friday.
