A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.
The United States on Friday stepped up threats to strip Hong Kong of special trading privileges as it led Western nations in anger over China's brazen assault on the territory's autonomy.
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.
Italy's Economy Minister Roberto Gualtieri said on Friday he was confident the government and Fiat Chrysler would be able to complete a deal over a state-backed loan for the carmaker.
A group representing many major automakers on Friday said it was intervening in a lawsuit that says the Trump administration did not go far enough in weakening - but not freezing - Obama administration standards to revise fuel economy standards.
Organizers said Friday they were cancelling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue's use as a field hospital.
China warned Friday that its huge economy faces an immense challenge from the coronavirus, as the ongoing pandemic and national lockdowns caused massive job losses in the US and Latin America.
Canada will ramp up COVID-19 testing and contact tracing as it gradually lifts restrictions and is working closely with Apple Inc and Alphabet Inc's Google on a mobile phone app to help, the prime minister said on Friday.
Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com Inc and Microsoft Corp in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report.
