Judge grants Amazon bid to pause Microsoft’s Pentagon contract work
A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon claims reflected undue influence by President D…
U.S. accuses Huawei of stealing trade secrets, dealing with North Korea
U.S. prosecutors on Thursday added trade secret theft charges to their bank fraud case against Chinese smartphone maker Huawei Technologies Co, further escalating the U.S. battle with the world’s largest telecommunications equipment maker.
Emerson says it will not pursue a break-up following review
Emerson Electric Co told investors on Thursday it would not pursue a break-up following a review it launched last year that examined whether it should separate its industrial automation operations from its air-conditioning business.
S&P 500, Nasdaq turn positive amid mixed coronavirus news
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings.
U.S. adds new charges to its case against Huawei
The U.S. government on Thursday added fresh charges to its case against Chinese smartphone maker Huawei Technologies Co that has angered China and hurt U.S.-Chinese diplomatic relations.
Defensive stocks buoy Wall Street amid coronavirus worries
Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact.
Trump Fed nominee Shelton hits bipartisan skepticism in Senate hearing
Federal Reserve board nominee Judy Shelton faced deep skepticism from Republicans and Democrats on the Senate Banking Committee on Thursday, as lawmakers challenged her independence from President Donald Trump and characterized her thinking as too far …
Trump Fed nominee Shelton apologises for likening currency forger to Rosa Parks
Federal Reserve board nominee Judy Shelton on Thursday apologised for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank.
Trump Fed nominee Shelton apologizes for likening currency forger to Rosa Parks
Federal Reserve board nominee Judy Shelton on Thursday apologized for having likened a convicted currency counterfeiter to U.S. civil rights icon Rosa Parks in an unusual exchange with a lawmaker weighing her appointment to the central bank.
Oil prices climb on prospects for deeper OPEC+ output cuts
Oil prices edged higher on Thursday as investors hoped the world’s biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China.
