U.S. stocks will end this year around current levels as the coronavirus pandemic cripples the economy and eats into earnings, according to strategists polled by Reuters.
Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.
An effort to extend parts of the Foreign Intelligence Surveillance Act (FISA) stalled in the U.S. Congress on Wednesday, after President Donald Trump promised to veto it and Republicans withdrew their support.
REUTERS: Security experts at Alphabet Inc's Google sent 1,755 warnings in April to users whose accounts were targets of government-backed attackers, following a resurgence in hacking and phishing attempts related to the coronavirus outbreak. Google said on Wednesday its Threat Analysis Group saw ...
American Airlines Group Inc must reduce its management and support staff by about 30per cent as it moves to run a smaller airline due to the coronavirus pandemic, according to a letter to employees made public on Wednesday.
Business groups are urging U.S. President Donald Trump to go slowly in responding to Bejing's planned imposition of new national security laws on Hong Kong, warning revoking the city's special U.S. privileges will hurt the territory and its people.
Facebook Inc's Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump's threats against social media companies, said on Wednesday censoring a platform would not be the "right reflex" for a government worried about censorship.
Tencent Holdings Ltd has raised US$6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020.
Micron Technology Inc raised its revenue forecast for the third quarter on Wednesday to a range of US$5.2 billion to US$5.4 billion from US$4.6 billion to US$5.2 billion, sending its shares about 3per cent higher.
Asian shares are likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer warranted special treatment under U.S. law reignited worries about worsening relations with Beijing.
